Funds
Ted Dow of DIF Capital Partners
Ted Dow, Managing Director of DIF Capital Partners, explains why domestic institutions have an adversity to mezzanine lending and how mezzanine lenders have reacted to disuse in the recent years.
Portfolio Advisors now open in Hong Kong
Portfolio Advisors, a leading Connecticut-headquartered private equity investment advisory and portfolio management firm, has recently opened a new office in Hong Kong, its first Asian presence, under director Jonathan English.
Japan's INCJ launching new VC funds
Innovation Network Corporation of Japan (INCJ), the government-owned fund, plans to launch intellectual property venture funds with special focuses including biotech, slating the end of this year.
Sonoma Management seeks $100 million for second fund
Pune-based Sonoma Management Partners (SMP) is to embark on a $100 million fundraising for its second vehicle, the India Buyout Fund II, dedicated to small-to-mid cap buyout targets in India’s technology sector.
Amit Chandra of Bain Capital
Amit Chandra, Managing Director of Bain Capital India, discusses why India tends to be over-built in its private equity industry and what that means for both short-term and long-term investments.
Tim Sims of Pacific Equity Partners, Video 2
Tim Sims, Managing Director of Pacific Equity Partners, applauds vendors for not only turning the corner and selling their assets following a difficult 2009, but also making prices “full and fair” as they begin to reengage, and further discusses why Asia...
Tim Sims of Pacific Equity Partners, Video 1
Managing Director of Pacific Equity Partners Tim Sims discusses how his firm stays true to the essence of private equity practice, and how these values are institutionalized in emerging talent in the industry
Equipsuper's Strachan to also manage Vision Super before merger
Chief Investment Officer of Australian superfund Equipsuper Michael Strachan is set to extend his leadership role to Vision Super, also a Victoria-based superfund, that will be merged with Equipsuper beginning in November, according to reports.
Temasek, IDG, JAFCO, KTBand, Granite invest $50 million in Tudou.com
Investors from VCs to SWFs have made a $50 million joint Series E investment in Tudou.com, one of the largest video sharing website operators in China, based in Shanghai.
China's Fujian province forms Taiwan-linked fund
Huifu Industrial Investment Fund Management Co., Ltd., the first cross-Straits industrial investment fund to be established in China, has been launched in Fuzhou with a target size of between RMB2-5billion ($295-738 million) in its first phase.
Cheung Kong's real estate fund invests $104 million in Malaysian asset
ARA Asset Management (ARA AM), the Singapore-based private equity real estate and REIT management affiliate of Cheung Kong Group, one of the largest conglomerates in Hong Kong, has invested RM333 million ($104 million) in the 20-storey 1 Mont’ Kiara...
JAFCO Asia, Hotung, Tokio Marine invest PRC PC game developer
An investment consortium comprising JAFCO Asia, Hotung Investment Holdings Ltd., and Tokio Marine Investment Services, the Hong Kong-based private equity affiliate of the Japanese parent, made an $8 million investment in UltiZen Games Ltd., a game development...
Qiming invests $10 million in two life science companies
Qiming Venture Partners, the PRC-focused early and growth stage VC company, has invested a total of $10 million in two life science research service companies, Sangon Biotech in Shanghai and Bio Basic Inc. (BBI) in Toronto.
Taiwan studies SWF plan
The Taiwanese government has set up a consultation process on plans for a potential sovereign wealth fund to manage some of the island economy's substantial state holdings, according to reports.
CDH IV final close at $1.46 billion
CDH Fund IV, the China-focused private equity fund regarded by many as a bell-wether for capital-raising exercises for the PRC, has closed at $1.46 billion, according to information given to AVCJ.
SPECIAL ANNOUNCEMENT: Shanghai International Private Equity Forum
AVCJ has joined the Shanghai Private Equity Association, CEIBS Lujiazui International Finance Research Center, Shanghai Huangpu District Peoples Government, and the Institute of Finance and Banking of the Chinese Academy of Social Sciences as a co-organizer...
Japan's SBI boosts PE investments in Brazil
SBI Holdings, Inc., the Japanese financial group operating in various segments, including private equity and venture capital, said that it has agreed with Jardim Botânico Investimentos (JBI), a Brazilian asset management company, to jointly form a fund...
Indian retailers aim to raise $100 million for new fund
A group of Indian retailers are set to launch a $100 million food-and-agriculture-focused private equity fund, titled I-Farm Venture Advisors, targeting suppliers and small- and mid-sized firms.
Palamon, Morgan Stanley, AlpInvest get Oz cards spinout exit
Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and AlpInvest Partners have picked up A$353 million ($319 million) from the sale of the Australian operations of their joint investee Retail Decisions, a card payment-processing...
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
Carlyle makes first close on RMB fund
The Carlyle Group has announced a first close of RMB2.4 billion ($350 million) for its first RMB-denominated fund which targets to raise RMB5 billion ($740 million).
Blackstone slates final close for debut RMB fund
One of the largest global private equity players, the Blackstone Group, expects the final close at RMB5 billion ($737.8 million) for its first RMB-denominated fund by September.
Subramaniam recruits partners at newly launched MCap
Former Baring Private Equity Partners India executive N. ‘Subbu’ Subramaniam has recruited former Chief Risk Officer for Citigroup India Rahul Gupta and former Director at real estate consultancy DTZ Abhilash Lal to join him at his newly-launched MCap...
WuXi Pharma exit to Charles River nixed
VC-invested PRC pharmaceutical major WuXi PharmaTech has seen its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana...