Funds
CDC under scrutiny for Asia, other expenses
The UK's development policy investor Commonwealth Development Corporation (CDC), which participates in many Asia-focused funds, is under review by the UK International Development Secretary Andrew Mitchell, following press enquiries about its staff's...
Advent recruits former Thermax MD Kulkarni as advisor
International mid-market private equity investor Advent International has recruited Prakash Kulkarni, former MD of Thermax, India's leading boiler manufacturer, as an advisor in its operating partner program.
Industry Q&A: Keith Larson, Intel Capital
Keith Larson, VP and MD for the Manufacturing Sector at Intel Capital, talks about how truly world-class technology, electronics and gadget companies are making Asia – all of Asia – the place to look for the next, best thing.
China private equity shooting for world No.1?
The latest market data and market moves point to China’s inexorable rise to become the leading private equity market, as it is the leading economy, in Asia Pacific.
China reshapes the world?
China's rise to private equity superpower status is the subject of much comment in AVCJ lately and elsewhere; but one less immediately obvious implication is the prediction made by David Patrick Eich of Kirkland & Ellis, that “China will have a profound...
Milestone Capital invests Chennai's Pelican Group for affordable housing
India's Milestone Capital Partners has invested INR20 crore ($4.3 million) in Pelican Group, a Chennai-based real estate developer, to fund expansion in the affordable/social housing segment through its Pelican Affordable Housing unit.
VantagePoint launches Bohai VC fund
VantagePoint Venture Partners has become the latest fund to launch out of China's bustling Bohai Rim development zone, with the announcement of the Tianjin VantagePoint Hi-tech China FIVCE Fund, targeting RMB680 million ($100 million) for investment in...
Chengdu govenment forms RMB10 billion infra fund
Chengdu Longquanyi District Government, CDB Finance Co., Ltd. and China Development Bank's Sichuan Branch have signed a framework agreement to support a regional fund named CDB Sichuan (Longquanyi) Urban-Rural Coordinated Development Fund.
CICC loses talent as KKR, TPG deal nears
The $1 billion-plus sale of Morgan Stanley's 34.3% stake in leading PRC i-bank China International Capital Corp (CICC) to Kohlberg Kravis Roberts & Co. and TPG Capital appears to be coinciding with a talent flight from the bank, as the bank moves to allow...
China Life to invest China Development Bank, NSSF-backed $2.2bn Suzhou RMB VC fund
China Life, the PRC's top insurance company, is to invest into the Suzhou Venture Capital Fund, an RMB-denominated vehicle in Suzhou, a significant satellite city of Shanghai, set up by the China Development Bank (CDB) and the National Social Security...
Chengde Deyuan Hunan High-Tech Venture fund launched for Hunan
Changde Deyuan Hunan High-Tech Venture Capital Co., Ltd. has launched a RMB160 million ($23.6 million) RMB VC fund in partnership with Changde Municipal People's Government, Hunan Deyuan Investment and Beijing Huahui Hengye Investment.
India to set up $11 billion energy infrastructure investment fund
The Indian government is on track to launch an INR500 billion ($11 billion) infrastructure fund to finance opportunities in the burgeoning domestic power industry.
South Korean SWF KIC to receive $5 billion of fresh capital
South Korean SWF the Korea Investment Corporation (KIC) is to receive up to $5 billion from public finances to add to its $35 billion of capital, and may look at more partnerships with other international SWFs, according to official statements.
Kotak invests in real estate firms Emaar MGF and Century Real Estate
Kotak Mahindra Bank is set to inject INR250 crore ($54.7 million) into Delhi-based Emaar MGF Land Ltd. and an additional INR200 crore ($43 million) into Century Real Estate Holdings.
FLAG planted in Hong Kong
Stamford, Conn.-headquartered fund of funds FLAG Capital Management is opening a new office in Hong Kong - its first presence outside the US - to cover the Asia Pacific region.
Gary Stead of Shearwater Capital
Mezzanine’s role in Australia’s financing sector has grown in light of the economic crisis because, not only has it acted as an alternative to taking on senior debt – as banks became more stringent in their lending – but also to equity itself, says Gary...
Mark Chiba of The Longreach Group
Group Chairman and Partner of The Longreach Group Mark Chiba says that, despite past market performance that have prompted “disappointments,” Japan still holds a great number of opportunities for LPs, to the point that Chiba labels the market as “an overlooked...
Jinqiao launches first Inner Mongolian fund
Jinqiao Venture Capital Fund, a Chinese VC firm, has committed RMB60 million ($8.8 million) to a vehicle which is the first private equity fund in Inner Mongolia, targeting to raise up to RMB200 billion ($29.4 million).
MD of Macquarie SBI departs fund
Managing Director of Macquarie SBI Infrastructure Management Ambalika Banerji has reportedly resigned her Mumbai-based post after eight years with the company.
Everstone focusing on corporates, not warehouses
Indian PE firm Everstone Capital is not on track to raise a new real estate fund focusing specifically on warehouses and logistics, industry sources say, contrary to earlier media reports.
Coke picks up Japan's Q'sai juice maker
Coca-Cola West has bought out Daiwa Corporate Investment and Polaris Principal Finance-backed Japanese vegetable juice maker Q’sai for JPY63.9 billion ($757 million), which includes JPY28 billion ($331 million) of debt.
Funds of funds build LP returns
Asia Pacific has always possessed the kind of environment that in theory is well tailored for the fund of funds model.
China-focused venture group invests $21 million in ActBlue
Venture capital investors Shenzhen Green Pine Capital Partners (GPCP), IDGVC Partners and Shenzhen Leaguer Venture Capital Co., with three unidentified venture players, have collectively injected RMB150 million ($21 million) in privately held Anhui ActBlue...
WI Harper invests in online insurance company in China
Beijing-based VC firm WI Harper has led the first round of fundraising in digitized insurance company 360bao, investing an undisclosed amount.