Funds
Spring Capital debuts $250 million fund
Hong Kong-headquartered Spring Capital Asia has closed its $250 million maiden fund, a vehicle to be focused on early-growth investments in low- to mid-market companies.
Shanghai Minfu forms PRC/Taiwan/Japan billion fund
Shanghai Minfu Equity Investment Management Co., a JV founded by Shanghai International Group Asset Management, a Shanghai city government-related financial institution, Uni-President Group, Taiwan’s largest food manufacturing and logistics company,...
Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.
IDG Capital invests $40 million in Chinese e-commerce solutions firm
IDG Capital Partners, a China-focused venture capital firm, has made another investment in the mainland's rapidly growing e-commerce sector, infusing $40 million in leading foreign-trade e-commerce solutions provider BizArk.
TPG announces Chongqing RMB fund
Following yesterday's announcement by TPG Capital of the formal launch of a Shanghai-domiciled RMB fund, the firm has now announced a similarly sized RMB5 billion ($735.5 million) RMB vehicle in Chongqing, in partnership with the Chongqing Municipal...
SIDBI to close third fund at $214 million
Mumbai-based SIDBI Venture Capital is set to close its INR1,000 crore ($214 million) VC fund, its third, which comes in at twice as large as its predecessor, according to local reports.
Gaw Capital raises $373 million for third Asia real estate fund
Gaw Capital, the Hong Kong-based private equity real estate investor, has successfully raised $373.5 million for its third real estate fund, Gateway Capital Real Estate Fund III.
Applied Ventures, Allen & Buckeridge invest BT Imaging
VC investors Applied Ventures has joined in a $3.8 million Series A-2 investment round for Australian photovoltaic manufacturing quality control business BT Imaging, alongside existing investors Allen & Buckeridge and Uniseed.
Hopu may bid for Potash
Hopu Investment Management may be contemplating participation in a bid for Canada's Potash Corp, currently opposing a $39 billion hostile takeover bid from BHP Billiton, according to reports.
Adveq's Wong leaves in Beijing
Darren Wong, MD of the Beijing office of leading Swiss-headquartered fund-of-funds Adveq Management, has left the firm, with Nils Rode, MD and Co-Head of Adveq's overall investment management practice, assuming management of Adveq's Asian funds business.
Blackstone partners in Great Eagle's Dalian development
US private equity firm the Blackstone Group has agreed to support a housing development project launched by Great Eagle, the Hong Kong real estate development group, in Dalian in northern China.
TPG's first RMB fund targets RMB5 billion
US private equity giant TPG Capital has established its maiden RMB-denominated fund, TPG China Partners I, in agreement with the government of Pudong New Area in Shanghai Municipality, with a target size of RMB5 billion ($735.5 million).
NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
China Mining United Fund seeks further capital
The China Mining United Fund, which operates an RMB-denominated fund to invest in mining-related businesses, is slated to raise RMB3-5 billion ($442-736 million) for gold, iron ore and other metals projects.
Kendall Court raises $150 million for new mezzanine fund
Kendall Court Partners has raised $150 million for a Southeast Asia-focused mezzanine fund, its second such fund, coming as sentiment toward mezzanine improves with the ending of the GFC.
Bain, Macquarie, Permira in frame for MBK's CNS
Bain Capital and the UK's Permira Advisers, as well as Macquarie Group, are among the final bidders selected by MBK Partners for its Taiwanese cable investee Cable Network Systems (CNS), which could fetch up to $2.5 billion, according to reports.
VC-backed REVA lists in Oz
Venture capital-backed REVA Medical, a San Diego-based innovative medical device company, has raised $63 million from its initial public offering on the Australian Stock Exchange.
Azure Capital to raise $107 million for real estate fund
Azure Capital Advisors is reportedly hunting for INR500 crore ($107.1 million) for its India Realty Fund-1 focused on INR35-40 crore ($7.5-8.5 million) size investments into urban real estate projects in Southern and Western India.
ANZ diligencing KEB for $3.8 billion stake
After a long-running, stop-and-go series of reports on its participation in bidding for Lone Star Funds' stake in Korea Exchange Bank (KEB), Australia and New Zealand Banking Group (ANZ) has confirmed that it is doing due diligence on an up to 57.27%...
India: What to build and where to build it
Fact vs fiction in infrastructure opportunities
AMP launches infrastructure-focused operations in New York
Following news earlier this month that Australian-based AMP Capital Investors would expand its investment focus to include infrastructure, with the launch of a global fund, the group announced that it will bolster its overseas operations through the launch...
Credit Suisse's Achuthan to launch India-focused PE firm
A Credit Suisse Asset Management former Director at the bank's alternative investments unit, Hari Achuthan, has reportedly departed the bank in order to set up a private equity company with aspirations to be the largest India-focused firm in the market.
GSR Ventures hires Singapore's Ong as venture partner
Beijing-based venture capital firm GSR Ventures has hired Peng T. Ong, a Singaporean serial entrepreneur and tech investor, as a partner based in Beijing.
MakeMyTrip IPO sees strong result for VCs
VC-invested Indian travel company MakeMyTrip saw a 92% share hike on its first trading day on the NYSE, with stocks rising up to $26.81 from the $14 offer price in the best US IPO debut performance since late 2007.