Funds
StepStone's Brem bound for Beijing
Monte Brem, founding CEO of advisory firm StepStone Group, is looking to roll out what he says is the hitherto imperfectly represented discretionary/advisory approach for asset allocation and LP support in Asia Pacific.
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
Myo gets DBS backing for Asia distress
Myo Capital Advisers, the distressed debt/special situations investor, has announced a commitment of up to $150 million from DBS Group as a cornerstone investor in its first fund.
China Select gets Suzhou RMB OK
China Select Capital Partners Corp., a Toronto Venture Exchange-listed asset management and investment firm, has announced that it has received approval from the municipal government overseeing Suzhou Industrial Park to manage RMB funds in China.
Garg leaves Bessemer seeking semi role
Devesh Garg is leaving his post as Managing Director with Bessemer Venture Partners in India to seek positions at semiconductor companies in the US.
IFC invests in CLSA green fund
The International Finance Corporation (IFC) has announced it will commit up to $25 million to CLSA Capital Partners’ Clean Resources Asia Growth Fund, a pan-regional fund targeting clean energy technology investments.
Shanghai Ventures invests Advantech
Shanghai Ventures has announced a $14 million co-investment with the Pan family of Chinese entrepreneurs in Advantech Global Ltd., a US thin-film transistor manufacturer founded by Dr Peter Brody, the inventor of active-matrix LCD technology.
Bain moving Sarkis to Asia
Bain Capital is relocating Walid Sarkis, a Managing Director and one of the founders of its European operations, from London to Hong Kong, where he will help drive the firm's regional operation.
Origo signs Xinxiang RMB enviro fund MOU
Origo Partners, an AIM-listed China and India-focused investment firm, has signed an MOU with the Xinxiang Municipal Government in Henan province in northeast China, to set up the RMB-denominated Origo China Sustainable Development Fund.
ING picks up Creed real estate fund in Japan
ING Group's Asian real estate division has taken over Creed Real Estate Partners, a $1.1 billion Japanese office, residential and retail asset investment fund.
Bain's Gome could face fines in Huang trial
Huang Guangyu, the founder and former chairman of Bain Capital investee Gome Electrical Appliances Holdings, has gone on trial in Beijing, charged with illegal business operations, insider trading and bribery.
Intel Capital invests Japan's eflow
Intel Capital has invested an undisclosed amount in eflow Inc., a Japanese developer of embedded middleware and other network applications.
Bery sues JPM over firing, spinout
Varun Bery, former MD and co-founder of TVG Capital Partners, and later co-head of JPMorgan's private equity investment arm in Asia Pacific, is now reportedly suing the bank over $30.8 million alleged lost income, also alleging wrongful dismissal and...
Singapore reviewing private equity fund regs
The Monetary Authority of Singapore, the state's financial regulator and central bank, has announced a formal review of its private equity and hedge fund regulations, amid global trends towards tighter private fund regulation.
JAFCO, Pac-Link invest Synerchip
JAFCO Asia and Pac-Link Capital have co-led a $10.5 million Series C investment round into Taiwan, Korea and Silicon Valley high-speed digital interface semiconductor company Synerchip Co. Ltd.
HarbourVest recruits Lund for EMEA marketing
HarbourVest Partners has enhanced its initiative to develop new LP clients in MENA and Europe with the hire of Simon Lund as Head of Sales and Marketing for Europe, the Middle East and Africa.
HarbourVest to open Japan office
Leading global fund-of-funds investor HarbourVest Partners will open an office in Tokyo, its first presence in Japan despite a pioneering track record in Japan-focused investing.
Allianz Global Investors moves Loeffler for Asia CIO role
International asset management group Allianz Global Investors has moved Eugen Loeffler to Seoul as Chief Investment Officer for Asia Pacific.
Riverside now open in Melbourne
Following on the commitment made in January 2010 by Stewart Kohl, its co-CEO, mid-market investment firm The Riverside Company has now opened its first Australia office, on Collins Street in Melbourne.
Helion, Nexus join DFJ on PubMatic
Indian VC firms Helion Ventures and Nexus India Capital Advisors have joined Draper Fisher Jurvetson in a $7.5 million Series C round for their existing investee PubMatic, an online ad revenue optimization business based in California.
Subramaniam plans own firm
N. ‘Subbu’ Subramaniam, who resigned as a partner of Baring Private Equity Partners India (BPEP India) in August 2009, is now planning to launch his own private equity firm, according to reports.
Tsing Capital fourth fund mooted
Tsing Capital, the Beijing-headquartered pioneering cleantech and environmental investment firm, is targeting $250 million for a fourth fund, China Environment Fund IV, according to reports.
Walden announces duet of deals
Veteran Asia Pacific VC investor has announced two new deals, one in China, with a Series B financing of Best Logistics Technologies, and one in India, with an expansion round for Quattro BPO Solutions.
Asian fund T&Cs acceptable, finds Squadron
An independent survey by Hong Kong-headquartered private equity fund-of-funds manager Squadron Capital has found that terms and conditions of Asia Pacific private equity funds compare variably against US and European funds in terms of their compliance...