Funds
Yatra Capital sees Indian opportunities
Yatra Capital, the Euronext-listed company focused on real estate investments in India, plans to invest up to INR115 crore ($24.4 million) through two realty deals in 2010, Christopher Wright, chairman and co-founder at Yatra Capital, said publicly.
Shanghai Financial fund makes largest PRC close at $1.62 billion
Shanghai Financial Industry Investment Fund, the financial services-focused private equity vehicle backed by China International Capital Corp. and Shanghai International Group, has held a first close of RMB11 billion ($1.62 billion), mostly from PRC SOEs...
VEIL concerns see Vietnam market drop
Vietnam-focused investor Dragon Capital saw the country's benchmark fall sharply in late June over rumors that its Vietnam Enterprise Investment Limited Fund, a vehicle listed in Ireland, might be dissolved after legal action by one of its key shareholders,...
Japan's New Horizon expects $560 million for second fund
New Horizon Capital, a Tokyo-based private equity firm, plans to raise up to JPY50 billion ($560 million) for its second fund, also saying that it expects a first closing in 3Q10 of around JPY12 billion ($135 million).
Ex-Unilever Banga joins CDR for operations
Manvinder (Vindi) Singh Banga, formerly Chairman and MD of Unilever in India and later Singapore-based President of its Foods, Home and Personal Care division, is set to join the London office of global buyout major Clayton, Dubilier & Rice (CDR), as...
Reliance/GTL deal may involve Saudi Telecom, ADIA, PE players
The $11 billion merger of Reliance Infratel, the cellular transmission tower arm of India's Reliance Anil Dhirubhai Ambani Group, into Indian independent telecoms player GTL Infrastructure may include investment by Saudi Telecom Co., the Abu Dhabi Investment...
China's Rong Qin aims to raise $736 million
Beijing-based PE fund Rong Qin aims to launch a new fundraising initiative to bolster its capital by RMB5 billion ($736 million) over the next two years, adding to the RMB3 billion ($441.4 million) it currently manages.
Telopea launches from Oz for regional PE, real estate, advisory
Telopea Capital Partners has opened in Sydney, Beijing and Hong Kong, seeking to make direct private equity and real estate investments with a new fund, as well as offering advisory services across the region.
Avigo closes third fund at $240 million
Delhi-based Avigo Capital Partners has closed its Avigo SME Fund III at $240 million, to be committed to investments into mid-market firms, according to reports.
ORIX plans Tokyo Star investment, partnership
ORIX Corp., the Japanese investment and financial services firm, is investing JPY10 billion ($111 million) into Advantage Partners investee Tokyo Star Bank, alongside a plan to form a corporate turnaround arm at the bank.
3i winds down Asia buyout practice
The UK's 3i Group has wound down its buyout arm in Asia, after merging its Singapore-led buyout team into its growth capital platform in the region, and transferring responsibility for Asian buyouts to its global buyout team.
KKR nixes CVC partnership on Healthscope
Kohlberg Kravis Roberts & Co. has said that CVC Capital Partners will not be participating in a bid for Australia's Healthscope, estimated at potentially up to A$1.84 billion ($1.56 billion), with KKR continuing on the bid by itself.
LP t&c issues as power balance shifts
The debate over the impact of the GFC on the balance of power between GPs and LPs has focused much on whether any power shift is real, or just cosmetic.
Australia's Allegro announces Fund II
Allegro Private Equity, the Sydney-based ANZ independent mid-market investor, has announced the launch of its Allegro Fund II, seeking to raise A$200 million ($176 million) or above.
MBK sole bidder for KEB
Pan-Asian independent buyout fund MBK Partners was the only bidder to submit a formal letter of intent to purchase the 51.5% controlling stake in Korea Exchange Bank held by Lone Star Funds and valued at up to $4 billion, according to Korean press reports....
Japan, a Catch-22?
While Japan's estimated GDP growth sits at just 2.6%, China is forecasted to hit 9.6% growth in 2010.
Fortress closes first Japan fund at $800 million
Fortress Investment Group, the US distressed debt and alternative assets investment group, has closed its first Japan-focused distressed fund, the Fortress Japan Opportunity Domestic Fund, at JPY75 billion ($800 million), its target cap, according to...
Gupta joins Nexus as MD
Indian VC firm Nexus Venture Partners has announced the hire of Anup Gupta, hitherto Group COO at leading NYSE-listed BPO company WNS (Holdings) Ltd., as a Managing Director.
Shan joining Pacific Alliance as CEO
After earlier reports that he was going to form his own independent private equity firm, Weijian Shan, previously Managing Partner with TPG Capital in Hong Kong, is now going to join Pacific Alliance Group (PAG), the Hong Kong-headquartered private equity,...
JAFCO Asia, Mitsui, CEL invest Prudent Energy in China
PRC energy storage business Prudent Energy has announced that pan-Asian VC investor JAFCO Asia, Japanese VC firm Mitsui Ventures and European growth capital investor China Equity Links (CEL) Partners, as well as other investors, will invest a total of...
Kleiner China invites two new recruits
KPCB China, the China unit of Silicon Valley VC firm Kleiner Perkins, has hired Jonathan Wang and Wang Enqiang as venture partner and senior advisor, respectively.
Olympus hires Nomura's Katayama
Hong Kong-headquartered Olympus Capital Holdings Asia has appointed Shunji Katayama, 48, a former investment banker at Nomura Holdings Inc., as a Managing Director, based in Tokyo.
GSR hires tech vet Jia as partner
GSR Ventures, the Beijing-based venture capital firm, has hired Jack Jia, founder and Chairman of Baynote, Inc., a software innovator that develops recommendation and search technology, as a Partner.
CapAsia recruits 3i's Osborne, Pru's Martin
Fresh from its rebranding, infrastructure investor CapAsia, previously CIMB Standard Strategic Asset Advisors, has recruited two senior professionals, David Osborne, formerly Partner and head of the Asia buyout team at 3i Group, and Craig Martin, previously...