Funds
MVCA Awards show Malaysia success
The Malaysian Venture Capital and Private Equity Association (MVCA) Annual Dinner & Awards, supported this year by AVCJ, showcased the best achievements of private equity and venture capital in backing innovative companies throughout Malaysia.
Taizinai puts China risk on show
The deteriorating situation around Hunan Taizinai Group, a PRC dairy company now in provisional liquidation with RMB3 billion ($440 million) in debt, is turning into quite a lesson on the risks of emerging markets investing, particularly in China.
Healthcare: The next China VC horizon?
Although it doesn't always register prominently on the radar, healthcare and related biotech actually accounts for 30% or more of all venture capital investment in the US.
Ashmore partners with PTC on India fund
Ashmore Investment Management, the London-headquartered emerging markets investment manager, has partnered with PTC India, a power trading solutions company, on a private equity fund to be launched later in the year, according to PTC.
Larsen & Toubro plans India infra fund
In the latest fund formation news from a major Indian corporate, Larsen & Toubro Ltd., the Subcontinent's largest engineering firm, has announced plans to form a $300 million fund to invest in the infrastructure sector.
Squadron recruits Shi Xiaoni as Associate
Squadron Capital, the Hong Kong-headquartered independent fund of funds, has announced the recruitment of Shi Xiaoni as an associate.
Fubon plans cross-Straits fund with CDB
Taiwan's Fubon Financial Holding Co. has announced an initiative with the China Development Bank and the provincial government of Fujian to set up an RMB5 billion ($732 million) private equity fund for investing in cross-Straits businesses.
Infinity I-China will expand in China with CDB
Infinity I-China, the Israeli venture capital fund, has signed a memorandum of understanding with China Development Bank to expand the fund's investment activities in Chinese companies through its six RMB-denominated funds, formed in partnership with...
Sunderji quits Guggenheim
Anand Sunderji, hitherto Head of Asset Management and fund-of-funds lead at Guggenheim Capital Management (Asia), has quit his post, and is believed to be planning a venture of his own.
Ramnath gets Multiples first close at $250 million
Multiples Alternate Asset Management, the private equity vehicle launched by former ICICI Venture MD and CEO Renuka Ramnath, has had a first closing at $250 million, against a $450 million target.
ADIA appoints Sheikh Hamed as new head
The Abu Dhabi Investment Authority (ADIA) has appointed Sheikh Hamed bin Zayed as its new managing director and head, following the death of his predecessor and brother Sheikh Ahmed bin Zayed in a gliding accident.
Anchorage closes debut Oz fund
Anchorage Capital Partners, a Sydney-based mid-market special situations and turnaround buyouts firm, has announced the close of its debut fund, Anchorage Capital Partners I, at A$200 million ($187 million).
Jafco commits to new Jafco Ventures fund
Japanese investment group Jafco has committed $100 million to launch the fourth fund for its US West Coast VC affiliate Jafco Ventures.
HKMA new alternatives tilt, KKR investment revealed
The Hong Kong Monetary Authority, Hong Kong's de facto central bank and manager of the territory's c.$1.5 trillion Exchange Fund, will invest more into private equity and hedge funds, having already committed to Kohlberg Kravis Roberts & Co. and other...
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275...
Real estate: blossoming in Japan?
Japan is now entering this year’s cherry blossom season, and people are feeling the lift after the long cold winter.
Carlyle closes CAP III at $2.55 billion
The Carlyle Group has announced the close of its Carlyle Asia Partners III buyout fund at $2.55 billion, over 40% larger than the preceding $1.8 billion Carlyle Asia Partners II fund, though still below the $4 billion target that CAP III launched with...
Investindustrial brings Euro mid-market to Shanghai
Investindustrial Group, a Milan-headquartered mid-market buyout firm with over $2.6 billion under management and offices in Spain, Luxembourg, the UK and Switzerland, has announced the opening of an Asia Pacific headquarters in Shanghai.
Mid-cap vs buyouts: may the best financing win
The year following the collapse of Lehman Brothers and the onset of the global financial crisis was not a good one for Japan.
New recruit Chang expands Colony beyond real estate
The recent engagement of Justin Chang by $39 billion real estate-focused group Colony Capital is one of the latest milestones in the firm’s move out of its traditional real estate focus into broader corporate private equity investment.
JinkoSolar relaunches IPO
JinkoSolar Holding Co., a Shanghai-headquartered manufacturer of photovoltaic solar cell products originally invested by Pitango Venture Capital, Shenzhen Capital Group, and China Israel Value Capital, has refiled for its NYSE IPO after postponing this...
China's NSSF plans to back five funds
Dai Xianglong, President of the National Council for Social Security Fund, China's $130 billion state LP, has said publicly that the fund has selected five private funds to invest in, with commitments of up to $870 million-1 billion each.
Sequoia invests PRC blood glucose business
Sequoia Capital has led a $10.25 million Series A investment round into Beijing YiCheng Bioelectronics Technology Co. Ltd., a blood glucose monitoring system manufacturer.
ICICI f-o-f head joins Kaizen in Mumbai
Amit Ratanpal, the force behind ICICI Group’s fund-of-funds business, is joining Kaizen Private Equity as a principal and member of the investment committee.