Funds
CDH Venture invests $10 million in Chinese English TV channel
CDH Venture Partners, the Chinese VC firm linked to CDH Investments, has invested over $10 million in Blue Ocean Network (BON TV), China's first private English-language television channel targeting overseas audiences.
Global Venture Capital and DIT Partners back Piku Media
Piku Media KK, operator of Japan's first daily discounts and special deals website, Piku.jp, raised an additional JPY650 million ($7.3 million) from local and offshore institutional investors, including Tokyo-based Global Venture Capital Inc., DIT Partners...
IDG VC, JAFCO, WI Harper invest PRC WAP provider 3g.cn
Wireless Application Protocol (WAP) portal 3g.cn has raised more than $10 million in its third round of financing from VC firms including China Broadband Capital Partners (CBC), IDG VC Partners, JAFCO Asia, and WI Harper Group.
CCB backs PRC's first aviation fund
In partnership with China Aviation Industry Corp., China Construction Bank (CCB) has formally established the country’s first ever aviation-focused industry fund, the AVIC Fund of China.
Milestone Religare on track for $200 million raise
Milestone Religare Investment Advisors, the private equity JV between local fund house Milestone Capital and financial services group Religare Enterprises, is on track to launch its $200 million India Build-Out Fund II, with discussions already commenced...
Citi-backed Camelot prepares for IPO
Camelot Information Systems Inc., a Citigroup Venture Capital-backed provider of business solutions and IT services in China, looks to raise $159.6 million in its NYSE IPO via the sale of at least 13.3. million American depositary shares (ADS).
NZ Super fuels SMEs via Waterman
Private equity firm Waterman Capital, which is raising a new NZ$75 million ($53 million) fund to invest in Kiwi small businesses with a NAV of between NZ$10-50 million ($7-35 million), has been buoyed by New Zealand Superannuation Fund’s plans to inject...
Infinity launches RMB fund for Chengdu
Tel Aviv-headquartered Infinity I-China Fund has launched the latest in its series of RMB-denominated fund partnerships with PRC cities, an RMB200 million ($29.5 million) vehicle floated with the city of Chengdu in Sichuan.
IFC, SN Power team on fund for Vietnam renewable energy
The World Bank’s private sector arm International Finance Corporation (IFC) and Norwegian investor SN Power have jointly launched a fund focused on renewable energy initiatives in Vietnam.
Singapore's Asia Media launches $500 million China-focused fund
Singapore-based Asia Media & Technology Capital Management Pte Ltd. (AMTC) has teamed with Beijing-based China Information Broadcast Network (CIBN) to launch a $500 million fund targeting media and digital investments in China.
Secondaries show Asia's maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
3i continues buyout wind-down in India
In light of 3i Group’s decision to pare down its buyout arm in Asia – folding its Singapore-led buyout team into its regional growth capital platform and transferring responsibility for Asian buyouts to its global buyout team – 3i India is merging its...
Asia Pacific distress still pays off
Given the financial journal headlines and relentless LP interest reinforcing the notion that Asia is booming, one might well wonder what distress opportunities remain in the region.
Fitness First to IPO
BC Partners-owned gym chain Fitness First is reportedly looking into an IPO on the Hong Kong, Singapore, Shanghai or Sydney stock exchanges in a public markets debut that could raise as much as $1.8 billion.
Zhou joins LGT in Hong Kong
LGT Capital Partners has recruited Brooke Zhou as an Associate Vice President in its private equity investment team, based in Hong Kong, where she will focus on primary and secondary fund investments, as well as co-investments.
Iwakaze Capital seeks $200 million for second fund
Iwakaze Capital, a Japanese SME-focused buyout firm, is looking to raise $200 million for its second fund, following its maiden fund, which closed at $23 million.
Affinity exits Loscam - to China Merchants
Affinity Equity Partners has finally exited its Australian pallet business Loscam – to PRC strategic player China Merchants Group, rather than China Merchants investee China International Marine Containers (CIMC), as initial reports suggested.
DE Shaw looks at Ambani JV
Private equity and hedge fund group DE Shaw is on the point of forming an equal JV with billionaire Indian business leader Mukesh Ambani, according to Indian reports.
Adams Street recruits Soo from GIC SI
Leading fund of funds and private equity investment management group Adams Street Partners has recruited Yar-Ping Soo, previously Head of Asia/Emerging Markets at Singapore's GIC Special Investments (GIC SI), as Partner with its investment team.
CITIC Capital aims for $340 million for second Japan fund
CITIC Capital Partners, investment arm of CITIC Group, China's largest financial conglomerate, is aiming to raise as much as JPY30 billion ($340 million) for its second fund, CITIC Capital Japan Partners II, focusing on the Japan market.
WI Harper appoints Lu as new COO
WI Harper Group, the veteran VC firm focusing on early and expansion stage investments, has appointed Jimmy Lu, hitherto co-founder/GP at iD Ventures America, the US arm of what was previously Acer Technology Ventures, as Executive MD and COO, based in...
Babson does first Oz deal with Collins Food
Babson Capital Management, a leading US investment firm and mezzanine provider, has just announced the first deal from its newly opened Australia office, with an investment - for an undisclosed amount - in mezzanine notes held by Collins Food Group, the...
Blackstone gets RMB fund backing from Shanghai Ace
The Blackstone Group will receive RMB300 million ($44.1 million) for its renminbi-denominated fund, The Blackstone Zhonghua Development Investment Fund, from listed Shanghai Ace Co., a Shanghai-based investment firm.
Japan's SBI and US Jeffries will form two joint funds
SBI Holding Inc., the Tokyo-based financial group, has reached a final agreement with Jefferies Group Inc, a global securities and investment banking group headquartered in the US, to form two new investment funds: the Jefferies-SBI USA Fund and SBI-Jefferies...