Funds
CDH IV final close at $1.46 billion
CDH Fund IV, the China-focused private equity fund regarded by many as a bell-wether for capital-raising exercises for the PRC, has closed at $1.46 billion, according to information given to AVCJ.
SPECIAL ANNOUNCEMENT: Shanghai International Private Equity Forum
AVCJ has joined the Shanghai Private Equity Association, CEIBS Lujiazui International Finance Research Center, Shanghai Huangpu District Peoples Government, and the Institute of Finance and Banking of the Chinese Academy of Social Sciences as a co-organizer...
Japan's SBI boosts PE investments in Brazil
SBI Holdings, Inc., the Japanese financial group operating in various segments, including private equity and venture capital, said that it has agreed with Jardim Botânico Investimentos (JBI), a Brazilian asset management company, to jointly form a fund...
Indian retailers aim to raise $100 million for new fund
A group of Indian retailers are set to launch a $100 million food-and-agriculture-focused private equity fund, titled I-Farm Venture Advisors, targeting suppliers and small- and mid-sized firms.
Palamon, Morgan Stanley, AlpInvest get Oz cards spinout exit
Palamon Capital Partners, Morgan Stanley Alternative Investment Partners and AlpInvest Partners have picked up A$353 million ($319 million) from the sale of the Australian operations of their joint investee Retail Decisions, a card payment-processing...
IL&FS acquires Saffron Assets Advisors
IL&FS Investment Managers has acquired for an undisclosed amount the real estate-focused PE firm Saffron Assets Advisors, which has $400 million under management, bringing the total assets under IL&FS’ management to $3.2 billion and securing its spot...
Carlyle makes first close on RMB fund
The Carlyle Group has announced a first close of RMB2.4 billion ($350 million) for its first RMB-denominated fund which targets to raise RMB5 billion ($740 million).
Blackstone slates final close for debut RMB fund
One of the largest global private equity players, the Blackstone Group, expects the final close at RMB5 billion ($737.8 million) for its first RMB-denominated fund by September.
Subramaniam recruits partners at newly launched MCap
Former Baring Private Equity Partners India executive N. ‘Subbu’ Subramaniam has recruited former Chief Risk Officer for Citigroup India Rahul Gupta and former Director at real estate consultancy DTZ Abhilash Lal to join him at his newly-launched...
WuXi Pharma exit to Charles River nixed
VC-invested PRC pharmaceutical major WuXi PharmaTech has seen its $1.6 billion sale to US peer Charles River Laboratories fail over opposition from major shareholders in Massachusetts-based Charles River, including Neuberger Berman and hedge fund Jana...
CIC investee Goodman Group eyes ING Oz REIT fund
Goodman Group, the world's third largest logistics facilities operator in Australia, and 18.2% owned by SWF the China Investment Corporation, has emerged as the most likely buyer of management rights for the A$1.2 billion ($1.07 billion) ASX-listed ING...
Israel's Giza solar investee Danen lists in Taiwan
Giza Venture Partners, an Israeli venture capital firm, has seen its portfolio company Danen Technology, a Taiwanese solar wafer manufacturer, debut on the Taiwan Stock Exchange with a market cap of around $350 million.
JS Pakistan fund gets OPIC backing
JS Private Equity Fund II, the fund launched by Pakistan's JS Private Equity that targets $150 million, has received a $50 million commitment from US policy investor the Overseas Private Investment Corporation (OPIC).
H&QAP claims 11x return on Fabrinet after IPO
Long-established regional private equity firm H&Q Asia Pacific (H&QAP) has claimed an 11x return on its 1999 investment in Thailand-headquartered optical and electronic components foundry company Fabrinet, after the latter's IPO on the NYSE earlier in...
Partners Group gets $100 million KIC real estate mandate
Korea Investment Corporation, the SWF that manages some $27 billion of assets for the Korean government and the Bank of Korea, has mandated around $100 million to Swiss-based private equity firm Partners Group to seek investment opportunities in the private...
Hands hands on for China
Guy Hands, high-profile chairman of UK buyout leader Terra Firma Capital Partners, has publicly said that his firm is looking for partners to enter the China market.
It's a wrap
In the course of several unrelated discussions on secondaries last week, I was reminded of one of the more curious byways of private equity fund investment: the wrap.
Industry Q&A: Hu Zhanghong, CEO, CCB International
AVCJ spoke to Hu Zhanghong, CEO of CCB International, the asset management and private equity arm of the major PRC banking group, who discussed opportunities in Greater China and the role of RMB funds
The dynamics of secondaries
Once-owned LP positions for Asia Pacific and elsewhere
IDG RMB fund gets NSSF backing
China's National Social Security Fund (NSSF) has agreed to invest around RMB1.2 billion ($177 million) in IDG Capital Partners' Harmony Growth Fund, an RMB-denominated fund which targets to raise RMB3.5 billion ($516 million).
Unitas, OTPP ready NZ Yellow Pages for sale
Offering up the asset that launched NZ's much-praised "yellow tree house" ad campaign, regional buyout firm Unitas Capital and its co-investor Ontario Teachers Private Capital have kicked off the exit process from boom-era Antipodean telecoms investment...
JAFCO invests Singapore's Consilium
VC-focused JAFCO Asia has raised an undisclosed amount in Series A funding for Singapore-based Consilium Software, a communications solutions firm with operations in India, Southeast Asia, Taiwan and Canada.
Sequoia puts best foot forward with OkayBuy
Sequoia Capita has participated in the second round of funding for OkayBuy, an online retailer of shoes in China, with other two unidentified investors.
Evolvence launches second India f-o-f
Evolvence Capital, the Dubai-headquartered MENA and India investment group, is launching its second fund of funds and third India fund, the Evolvence India Fund II, targeting $400 million.