Funds
Walden gets happy returns from Korean games
Walden International has sold a 13% stake in its portfolio company Ndoors Corporation, a South Korean game software developer/publisher, to Nexon Corporation, a major strategic peer in the sector.
Coller Barometer shows slumping returns, soaring Asia
The latest edition of the Coller Capital Global Private Equity Barometer, polling 110 LPs worldwide, found respondents registering the full aftermath of the GFC, with the lifetime returns on their portfolios falling dramatically.
Results, however volatile, in China
According to the recent AVCJ Private Equity and Venture Capital Report China 2010, around $12.9 billion was invested into the PRC over 2009, accounting for just under 30% of all private equity investment in Asia, China’s highest total ever by market share....
SBI in new round for Quark Pharmaceuticals
Japan's SBI Holdings Group, the investment conglomerate behind the SoftBank family of funds, has made a further commitment of $10 million to investee company Quark Pharmaceuticals, a Californian developer of RNAi-based drugs.
Dream Incubator, ORIX launch Vietnam fund
Dream Incubator Inc., a Tokyo-based VC and advisory firm, and Japanese financial services group ORIX Corp.are forming a joint private equity vehicle focusing on the Vietnam market.
IDFC starts private equity real estate fund
Infrastructure Development Finance Company Ltd (IDFC), India’s leading infrastructure finance services firm, is to expand its alternative investment capabilities to operate a private equity real estate business, hiring a new senior executive to run the...
Kleiner, Sequoia, Walden-backed Auto Navi goes to NASDAQ
Sequoia Capital, Kleiner Perkins and Walden International investee AutoNavi Holdings Ltd., a provider of digital map content and navigation services in China, filed with US regulators on Wednesday to raise up to $100 million in an initial public offering...
Agnellis' Exor plans Asia private equity JV with Jardine, Rothschild
Exor SpA, the Italian industrial holding company controlled by the Agnelli family behind Fiat and other leading businesses, is planning a private equity joint venture with Jardine Matheson Holdings and private bank NM Rothschild & Sons, focusing primarily...
Blue Sky launches fund for Australian SMEs
Brisbane-based private equity firm Blue Sky Funds Management aims to raise A$50 million ($41.4 million) for a fund targeting investments into Australian SMEs.
Qiming launches RMB fund for biomedical investments
Chinese VC firm Qiming Venture Partners has launched an RMB250 million ($36.6 million) fund, focusing particularly on biomedical sector-related investments.
KEB auction cooling as ANZ commitment flags
The sale of Lone Star Funds' 51% stake in Korea Exchange Bank (KEB) appears to be losing momentum, as hitherto lead contender Australia and New Zealand Banking Group Ltd. has yet to submit a formal bid for the stake, which could fetch up to $4 billion....
CVC hires Lee in Seoul
CVC Capital Partners has announced the appointment of Randall Lee, previously MD at Eugene Asset Management and formerly director at Lone Star Advisors in Seoul, as MD with its Korea team.
S3 Redwood announces Chiang for MD
OTC-quoted S3 Investment Company, a US investment banking and financial advisory firm seeking to tap the PRC market, has announced the appointment of Richard Chiang as MD of its Redwood Asia Fund, a growth capital private equity fund targeting opportunities...
Caution: Lower returns ahead?
Recently, as astute readers will remember, the EMPEA/Coller Capital Emerging Markets Private Equity Survey showed great expectations among LPs in emerging markets private equity 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....