Funds
Babson hires O'Keeffe for Asia Pacific sales/IR
Babson Capital Management, which recently announced the debut of its mezzanine-focused operation in Sydney, has announced the hire of Sue-Ellen O’Keeffe, hitherto with with Super Investment Management, to cover sales and IR duties across Asia Pacific....
Mount Kellett appoints MacNamara for real estate
Mount Kellett Capital Management, the multi-strategy firm formed by former Goldman Sachs special situations star Mark McGoldrick and named after a mountain in Hong Kong, has engaged James MacNamara as an MD in London to invest in European real estate....
Rai may leave GA in Mumbai for own firm
General Atlantic's Mumbai-based Managing Director Raul R. Rai may be on the point of leaving the VC major to found his own private equity firm.
Partners Group fund raised $680 million, over target
Partners Group, the Switzerland-based private markets investment manager, has closed its latest Partners Group Global Value 2008 fund at EUR537 million ($680 million), exceeding its target of EUR500 million ($634 million).
Lazard Carnegie Wylie fund takes distressed hotel
The A$100 million ($91 million) Lazard Carnegie Wylie Private Equity Distressed Fund, which targets distressed Australian hospitality and pub assets, has bought the Steyne Hotel on Sydney's Manly Beach, reportedly for A$27 million ($24 million).
Choi steps down at VinaCapital fund
Dr. Jonathan Choi, a non-executive director at the London AIM-listed VinaCapital Vietnam Opportunity Fund, has resigned from his position.
IFC may back Asia water fund
The International Finance Corporation is considering an investment into the AmKonzen Asia Water Fund, a new Singapore-based vehicle targeting to raise up to $100 million for investments into PRC and Southeast Asian water projects.
NZ social infrastructure fund raises $29.5 million in IPO
The New Zealand Social Infrastructure Fund (NZSIF), a public-markets vehicle launched to invest in the Public Infrastructure Partners (PIP) Fund, has raised NZ$41 million ($29.5 million) from retail investors through an IPO.
ICICI Venture sees fresh senior exits
ICICI Venture is seeing more departures by key senior personnel, with reports that Jayanta Banerjee, a president in its private equity practice, resigned earlier this week together with directors Anand Vyas and Sunay Mathure, to start their own private...
CP Eaton launches new RMB platform
International interest in China’s RMB fund space was cast into the spotlight when global placement agent CP Eaton Partners announced the launch of its new dedicated RMB fundraising effort for all its current and future GP clients, as well as the engagement...
Fadely moves to Weil Gotshal
John Fadely, formerly a corporate partner in the funds group of Clifford Chance in Hong Kong, has now joined Weil, Gotshal & Manges, as a partner and member of its global funds practice.
IFC to back Lok II
The International Finance Corporation (IFC), the private investment arm of the World Bank, will commit $15 million as an anchor investor for Lok II, the $80 million vehicle recently launched by Indian microfinance investor Lok Capital.
JPMorgan Chase plans China VC firm
US financial institution JPMorgan Chase & Co. reportedly is ready to establish a venture capital firm in China, with official authorization from PRC financial regulators and the Beijing government.
Accel, Kitven back Mitra Biotech
Accel Partners and local Indian VC Karnataka Information Technology Venture Capital Fund (Kitven) have jointly invested an undisclosed amount in Mitra Biotech, which is developing a personalized cancer diagnostic platform.
Schroders sells fund admin unit to JPMorgan
Schroders has agreed to sell its global private equity administration services business to JPMorgan for an undisclosed sum.
Goldman due 200x return in China pharma IPO
With the Shenzhen IPO of little-known Chinese pharmaceutical company Shenzhen Hepalink Pharmaceutical, Goldman Sachs will see an almost certain 200-fold profit on its original $5 million investment.
CP Eaton annouces RMB fundraising, recruits Gu
Placement agent CP Eaton Partners has announced the launch of a dedicated RMB fundraising effort for all current and future GP clients, engaging Eric Gu as VP to head the platform from its Shanghai office.
JAFCO invests Singapore's DS3 Systems
JAFCO Asia has partnered with Singapore government-backed Infocomm Investments in a Series A investment round for Singapore's Data Security Systems Solutions (DS3).
Ceyuan, Fidelity, GSR, Sequoia back NetQin
Ceyuan Ventures, Fidelity Asia, GSR Ventures and Sequoia Capital China have all participated in a $20 million third funding round for NetQin Mobile Inc., a Beijing-headquartered mobile comms security service provider.
IDG invests Yiji Network
IDG Ventures has invested an undisclosed amount in Guangzhou Yiji Network Technology, a Chinese systems integration and network business, in order to support its Easy Business e-commerce platform, according to PRC media reports.
Candover may go to Canada LP Aimco
Troubled UK listed buyout group Candover Investments has confirmed that it has received approaches for a takeover of its business from $70 billion Canadian pension fund Alberta Investment Management Corp. (Aimco).
CLSA Fudo plans new Tokyo hires
CLSA Capital Partners' Japan-based real estate platform, Fudo Capital, plans to hire more staff in Tokyo this year as it invests its $816 million Fudo Capital II fund.
AXA, Sumitomo plan joint Japan real estate fund
AXA Real Estate Investment Managers Japan is planning a joint fund with Sumitomo Trust and Banking to invest in Japanese real estate.
Industry Q&A: Norman Chen, Partner, Fidelity Asia Ventures
Chen talks to AVCJ’s Paul Mackintosh about opportunities for healthcare investments in China