Funds
HSBC PE to spin out
HSBC has announced that it is having internal discussions about the prospective spinning out of its private equity units, including HSBC Private Equity Asia and HSBC Asian Ventures, through a series of MBOs, following growing regulatory and financial...
SWF survey shows image shortfall
Sovereign wealth funds (SWFs), as well as private equity in general, may have a significant problem with acceptance even in some of the Asian markets most closely associated with them, according to a recent report, the Sovereign Brands Survey 2010, conducted...
Miranda to yield IDFC PE CEO slot
Luis Miranda, incumbent president and founding CEO of the $1.3 billion Indian infrastructure-focused private equity firm IDFC Private Equity, is to step down to assume a role as non-executive chairman from November 2010.
Shan exits TPG for solo fund
Turnover at the top of TPG Capital in Hong Kong continues after the relocation of Dan Carroll, formerly Managing Partner with the firm in Hong Kong, to the West Coast.
SBI plans to raise $533 million for VC funds
SBI Holdings, the Japanese financial services firm, plans to raise some JPY49 billion ($533 million) by issuing new shares to finance expansion of the venture capital business it has formed in partnership with regional players in China and other emerging...
HSBC private equity units could spin out
HSBC could be on the verge of spinning off its private equity units, including HSBC Private Equity Asia and HSBC Asian Ventures, through a series of MBOs, following growing regulatory and financial industry pressure for major banks to shed such capabilities....
Malaysia's CIMB Standard rebrands as CapAsia
Malaysian infrastructure-focused private equity firm CIMB Standard Strategic Asset Advisors has rebranded as CapAsia to help bolster its profile across key markets.
KEB low-ball bid reports false
Korean media reports suggesting that Australia & New Zealand Banking Group (ANZ) and Standard Chartered Bank submitted low bids for Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) at $3.32 billion or less were false - at least according to ANZ...
Nokia, BlueRun jointly invest $20 million in Ganji.com
PRC classified information website Ganji.com has secured $20 million joint investment from Nokia Growth Partners and BlueRun Ventures, to support its plans for the mobile sector.
Miranda to step down as IDFC PE CEO
Luis Miranda, incumbent president and CEO of the $1.3 billion Indian infrastructure-focused private equity firm IDFC Private Equity, is to step down to assume a role as non-executive chairman from November, according to a statement from parent group IDFC....
Goldman Sachs' Dhawan joins Accel in India
Venture capital and growth equity firm Accel Partners has bolstered its talent in India through the appointment of former Goldman Sachs Investment Partners Vice President Prateek Dhawan.
Dupont leaves Coller
Daniel Dupont, Partner at global secondaries investor Coller Capital, has resigned his post after more than a decade with the company.
Shan quits TPG for own fund
Weijian Shan, hitherto Managing Partner with TPG Capital in Hong Kong and a leading regional investor for the firm, has now stepped down from his post in an apparently friendly departure, looking to form a new fund of his own.
Tiwari quits JPM for Multiples
Dinesh Tiwari, formerly Executive Director with JPMorgan Chase in India, has quit the bank to be an investment director for Multiples Alternate Asset Management, the private equity firm created by former ICICI Venture lead Renukah Ramnath, according to...
China Everbright sells Everbright ALAM stake to Ashmore
China Everbright Ltd. has sold up to a 39% stake in Everbright ALAM, its investment manager specializing in China real estate currently co-owned with RQSI Ltd., to Ashmore Investment Management, a specialist emerging markets asset manager.
Granite Hill backs Net4 India
US India-focused private equity firm Granite Hill Capital Partners is investing some $1.7 million in Indian-listed network and application services company Net4 India.
ChrysCapital to give back $300m
Leading Indian private equity firm ChrysCapital Management is to return $300 million of the capital from its ChrysCapital Fund V - India's biggest dedicated fund to date at $1.25 billion - to its LPs, citing a poorer market climate and limited opportunities...
Vietnam Q&A: Chris Freund
Chris Freund, Managing Partner at Mekong Capital, talks about investing in, and fundraising for, Vietnam.
Asian SWFs ramp up in North American oil and gas
PRC petrochemicals major Sinopec’s $4.65 billion buy into Canadian heavy oil producer Syncrude, covered recently in AVCJ, had one extra salient feature.
Sarona supports SEAF India fund, MicroVest
Sarona Asset Management Inc., a Canadian boutique investment firm, has committed capital to SEAF India Agribusiness International Fund, the agricultural fund of the Small Enterprise Assistance Funds group, and MicroVest II, a fund supporting microfinance...
Uni-President launches RMB fund
Uni-President Enterprises Corp., the Taiwanese foodstuffs conglomerate, is forming an RMB private equity fund to invest in China's foods and consumer space, seeking RMB1-3 billion ($146-440 million), according to PRC reports.
NEA, GTI invest India's Nova Medical
New Enterprise Associates and NYC-headquartered private equity firm GTI Group have invested $16 million in Series A funding for Nova Medical Centres, an Indian specialist surgical services provider based in Bangalore.
Partners Group Dubai office targets MENA, India
Swiss alternative asset manager Partners Group has announced the opening of a new office in Dubai, seeking to tap both the MENA region and India.
GIC RE plans IPO for Japan assets
GIC Real Estate, the real estate arm of state-owned Government of Singapore Investment Corporation (GIC), is reportedly aiming to list a large portion of its property assets, potentially raising between $500 million and $1 billion, at an unconfirmed venue,...