Funds
Silicon Valley is back as China motors on
Two years ago Silicon Valley was preoccupied with the financial crisis. From Q2 2008- 2009, there was one IPO. VCs were looking at projects in the alternative energy, cleantech and life sciences spaces. “Social networking” was a known but unappreciated...
TPG Fund V under-performs
Preliminary results suggest that the value of one of TPG’s buyout vehicles – its $17.4 billion Fund V – has diminished to less than 100 cents to the dollar by the end of 2010, the Financial Times first reported.
Komli Media gets $15m from existing investors
Norwest Venture Partners has led a $15 million round of funding in Mumbai-based digital media network Komli Media, with existing investor Helion Venture Partners also participating in the financing.
Paul Capital promotes Jason Sambanju to Co-Head of Asia
Secondaries investor Paul Capital has promoted Director of the firm’s Hong Kong bureau Jason Sambanju (pictured) to the role of Managing Director and Co-Head of Asia, jointly held with current MD Lucian Wu.
Maple Fund Service makes senior hire
Independent global fund services provider Maples Fund Services has recruited Kate Colchester from ENE Advisors, a hedge fund start up and investor consultancy firm, to the role of Senior Vice President of Business Development Asia.
AMP Capital makes first Chinese acquisition
The AMP Capital Asian Giants Infrastructure Fund (AGIF), operated by Australian investment manager AMP Capital, has take a 19.11% stake in China’s Qujing Gas. The deal is AMP’s first acquisition in China.
Overseas LPs welcome
Clifford Chance Partners explain what’s in store for foreign LPs looking to convert their currencies into reminbi for private equity investment under Shanghai’s new, liberalized QFLP pilot program
The restructuring expert
The Chairman of distressed debt investment giant Oaktree Capital spoke with AVCJ about market challenges, his firm’s relationship to private equity, and where the next wave of opportunities lie.
Coller Barometer highlights investors' growing skills in Asia
The recent edition of the Global Private Equity Barometer, released by Coller Capital, revealed that LPs’ total exposure to fund of funds will fall over the next three years, partly due to fees and partly due to disappointing returns. At the same time,...
Morgan Stanley closes mezz fund
Morgan Stanley Investment Management has closed its first corporate mezzanine fund, Morgan Stanley Credit Partners, at $956 million after two years of fundraising.
China's Gosen Securities plans to launch the first RMB fund
China's Guosen Securities Co Ltd., Shenzhen-based boutique investment bank, plans to raise a RMB300 million ($45.5 million) private equity fund in Hong Kong following the increase in demand for RMB investment vehicles in China.
China's Fosun Group, Prudential to launch $600 million PE fund
China’s largest privately owned investment conglomerate, the Fosun Group, is to launch a private equity fund with US insurance giant Prudential Financial, with the latter committing $500 million to the vehicle while Fosun injects $100 million.
VIDEO: PE leaders discuss the industry's challenges
In the lead-up to 2011, private equity leaders spoke to AVCJ about the biggest challenges they think the industry is facing, ranging from GP/LP relations to the wider economic environment
Mizuho Capital takes Japanese mail order company private
Mizuho Capital Partners, a Japanese buyout firm based in Tokyo, will help Image Holdings Co., a listed mail order company, to go private through an MBO in conjunction with current president Masakazu Myoga.
Frontier markets investments showcase growth and opportunity
Recent activity out of Cambodia showcases the opportunities in frontier markets, in spite of the risks and uncertainties that these countries also present. In January, Leopard Capital, through its Leopard Cambodia Fund, took a 33.7% stake in Intean Poalroath...
Panshi IT gets $20 million from NewMargin
Shanghai-based venture capital firm NewMargin Ventures has invested $20 million in PRC digital marketing firm Panshi Information Technology.
Goldman Sachs to exit Japanese golf operator
Goldman Sachs is set to sell its remaining 44.7% stake in Japan’s largest golf course operator Accordia Golf, coming nearly five years after the American investment bank offloaded 55.3% of the company at the time of Accordia’s IPO.
Former HSBC PE Investment Director Victor Leung joins KPCB
Former HSBC Private Equity Asia executive Victor Leung has joined the Shanghai bureau of Silicon Valley VC firm Kleiner Perkins Caufield & Byers (KPCB) as Partner.
VC firms put $30 million into online shoe retailer
Letao.com, the venture-backed Chinese online shoe retailer, announced that the company has raised an additional RMB200 million ($30 million) in its third round of funding from three backers, including DT Capital Partners and Ceyuan Ventures, the latter...
Gobi Partners invests in the clouds
Tech-focused VC firm Gobi Partners and Singapore-based EDBI Investments have injected $6 million into cloud computing provider Cloudpic Singapore, with the capital slated to enable Cloudpic’s expansion across Asia.
IDG invests in two Chinese companies
IDG Capital Partners, a China-focused VC firm, announced just before Christmas that it made a new investment in ihaveu.com, a website established by the former VP for MSN China and founder of Taobao.com. The total capital raised in this first round of...
Taiwan's Development Financial Holding Corp. aims for Mainland VC fund
Taiwan’s Development Financial Holding Corp. has set its sights on a multi-million-reminbi-denominated venture capital fund, aiming to launch a Chinese vehicle once PRC regulations allow Taiwanese institutions to establish such funds in the Mainland.
MD of Carlyle's buyout team Ranjeev Gupta exits firm
Managing Director and Head of Carlyle India’s buyout team, Ranjeev Gupta has resigned from the firm after five and a half years.
No recovery for Japan’s VC
Japan’s venture capital investment between April and October 2010 - pegged at JPY19.5 billion ($237.6 million) in total - showed no recovery from 2009, a year which saw JPY 87.5 billion ($1 billion) worth of investment.