Funds
Morgan Stanley to launch RMB fund with Hangzhou govenment
US investment bank Morgan Stanley has signed an agreement with Hangzhou Municipal Government in China to form an RMB-denominated fund of undisclosed size for private equity investments.
Queen confirms new 3i infrastructure fund at AVCJ India Forum
3i Group CEO Michael Queen has confirmed the formation of the group's second Indian infrastructure fund, expected since March this year, while speaking at the AVCJ India Forum 2010 in Mumbai.
Religare announces investment in Landmark Partners for secondaries
Indian financial services group Religare Enterprises Ltd. has announced a strategic investment for 55% of Landmark Partners, a Simsbury, CT-headquartered private equity and real estate investment firm with some $8.5 billion of capital under management,...
Advent International head Matsumoto leaves
Hiroshi Matsumoto, head of buyout firm Advent International's Japanese operations, will leave the company, according to reports.
Jury still out on Shanghai RMB QFLP program
The reported approval by China's State Administration of Foreign Exchange (SAFE) of a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds has been hailed...
Sequoia makes headlines, exits Pangea3 to Reuters
Sequoia Capital has sold its Indian early-stage investee Pangea3, a legal process outsourcing (LPO) business, to media and information conglomerate Thomson Reuters, in a deal that local media estimate is worth anywhere between $40-100 million.
What to do in China?
The recent news that China's State Administration of Foreign Exchange has granted the $3 billion RMB foreign exchange quota necessary to kick off the Qualified Institutional Limited Partner (QFLP) scheme in Shanghai seems to have sparked off quite a few...
HSBC Private Equity Asia completes spinout as Headland Capital Partners
The management team who led HSBC Private Equity Asia have now announced the completion of its buyout from parent HSBC with the launch of Headland Capital Partners Ltd., under George Raffini and Marcus Thompson, Managing Partners of the new firm.
Actis announces new China, India partner promotions
Actis has announced the promotion of four of its directors to partner status, all of them in Asia: Tao Sun and Dong Zhong, based in Beijing; and Sanjiv Aggarwal and Shomik Mukherjee, both based in Mumbai.
KPCB invites Mary Meeker on board as partner
Kleiner Perkins Caufield & Byers (KPCB), the Silicon Valley venture pioneer, has hired premier technology analyst Mary Meeker as a partner.
ADB announces two new clean energy fund investments
The Asian Development Bank has announced investments of $20 million each in two new Asia-focused clean energy funds: the Clean Resources Asia Growth Fund, backed by CLSA Capital Partners, and the Renewable Energy Asia Fund, supported by UK-headquartered...
Rockley Group expands PRC fund to $200 million with Shanxi
UK technology investment firm the Rockley Group has announced the expansion of its Rockley China Fund from $100 million to $200 million, following an agreement with Shanxi Small and Medium Enterprise Investment Corporation (SSMEIC), a PRC tech VC fund...
Quorumm Digital Venture Partners appoints Hasnain Zaheer senior partner for Australia
Third-generation VC Quorumm Digital Venture Partners – which has an investment war chest of some $500 million – has appointed experienced digital strategist and online marketing practitioner, analyst and trainer Hasnain Zaheer as senior partner of...
Goodman Fielder CFO Goldsmith to join TPG as advisor
Australian baking and dairy group Goodman Fielder has announced that its Chief Financial Officer, David Goldsmith, is leaving the company to join TPG Capital as a senior adviser.
Lin leaves ID TechVentures
Jacky Lin, a Partner at ID TechVentures working in mainland China, has left the firm.
Shanghai RMB QFLP program still missing key steps
Latest reports indicating that China's State Administration of Foreign Exchange (SAFE) has approved a $3 billion quota for the Shanghai municipal government to allow foreign currencies to be converted into RMB for investing into local private equity funds...
Book E-commerce giant DangDang sets pricing for NYSE IPO
DangDang Inc., the Beijing-based leading B2C e-commerce company in China, has set the pricing on its planned NYSE IPO at $11 to $13, as part of its plans to raise $17 million from selling American Depository Shares.
VC investee ISoftStone files for NYSE IPO
Venture capital-backed iSoftStone Holdings Ltd., a Beijing-based provider of IT consulting and software services, has filed for a $50 million IPO on NYSE.
Venture-backed hiSoft Technology goes for NASDAQ secondary public offering
NASDAQ-listed hiSoft Technology International Ltd., a leading China-based provider of outsourced IT and R&D services headquartered in Dalian, China, filed for a secondary public offering of 5 million American Depository Shares last week.
Baring Private Equity Asia will not lead Harbin privatization
NASDAQ-listed Harbin Electric, Inc., a developer and manufacturer of electric motors, announced an end to the planned privatization process for the company in partnership with Baring Private Equity Asia.
Tech savvy
At the Intel Capital CEO Summit 2010 held last week in Huntington Beach, AVCJ sat down with the corporate VC’s senior executives - Arvind Sodhani, Keith Larson and Richard Hsu - to talk technology investing, emerging markets and what makes an investment-worthy...
Vogo takes control in Korea’s Tong Yang
Vogo Fund, a leading private equity firm in South Korea, has acquired an additional 46.5% stake in Tong Yang Life Insurance from mid-sized local conglomerate Tong Yang Group for KRW900 billion ($798 million).
India emergent
Whether you follow US President Barack Obama’s line that India has already emerged or not, there is no doubt that Asia’s other great continental economy is now being viewed internationally as one of the key pivots in the great transfer of macroeconomic...
US VC firms link with Foxconn holder Hon Hai
Three California-based venture capital firms have linked with Taiwan’s Hon Hai Precision Industry Co. - the world’s largest electronic manufacturing company and owner of the embattled Foxconn International Holdings - to aid the development of new...