Funds
CITIC PE launches USD fund
CITIC Private Equity Funds Management – a separate entity to CITIC Capital Partners – is launching a dollar-denominated private equity fund, following the success of fundraising for its debut RMB vehicle, the RMB9 billion ($1.32 billion) CITIC Mianyang...
IFC supports Aavishkaar Goodwell
The International Finance Corporation (IFC), the private investment arm of the World Bank, has made its latest commitment to India's microfinance space with a $15 million investment in Aavishkaar Goodwell India Microfinance Development Company Ltd., a...
Colony recruits former TPG partner Chang
US $39 billion real estate-focused group Colony Capital has recruited Justin Chang, formerly a partner with TPG Capital in Hong Kong, as a principal, to be based in Santa Monica, CA, and focus on extending Colony's investments into energy, healthcare,...
Kump leaves DIC for Carlyle
Eric Kump, former MD and head of the European buyout team at Dubai International Capital (DIC), has now joined the Carlyle Group as an MD with its Carlyle Europe Partners European LBO team.
First low carbon fund launched in China
The ZheShang Nuohai Low Carbon Fund, which claims to be China’s first dedicated private equity vehicle focused exclusively on the energy conservation, environmental protection and new energy sectors, was formally established at the end of March.
CIC halves funds application
China Investment Corp (CIC), the PRC's $300 billion sovereign wealth fund, was denied central government approval to raise $200 billion in additional funding, and in response has lowered its application to $100 billion.
Siebert goes native with Macquarie
Mike Siebert, hitherto an associate at Partners Group, has been recruited as a portfolio manager for the private equity arm of Macquarie Funds Group, to build the group's European capabilities.
Legend Capital plans RMB fund
Legend Capital, the VC investment arm of PRC computer pioneer Lenovo Group, is planning to raise an RMB1 billion ($146 million) fund this year, according to MD and co-founder Chen Hao.
Hahn leaving MSPE
Scott Hahn, MD and Chief Investment Officer of Morgan Stanley Private Equity (MSPE) Asia, is leaving the firm, and is rumored to be contemplating a fund of his own.
RREEF loses Fogle in Asia
Mark Fogle, managing director and chief investment officer for real estate at RREEF Asia Pacific, the alternative investment group of Deutsche Bank AG's asset management division, is leaving the firm after three years of service.
HSBC Infrastructure III first close on $580 million
HSBC has had a first close on its fourth and latest infrastructure vehicle, HSBC Infrastructure Fund III, at $580 million, against a final target of $1 billion.
CNEI closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund,CNEI Fund II, oversubscribed at $255 million, and just above its original $250 million target.
Shanghai to unveil RMP LP plan
A flurry of reports around an ‘official’ Shanghai announcement of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” suggested that Shanghai was cementing its status as the destination of choice for foreign GPs and...
Real estate: China boom or bubble?
The role of subprime real estate assets in the collapse of Lehman Brothers in the US and the snowball effect of the GFC may have implicated real estate and all its derivates as largely to blame; but in Asia, and especially China, property seems to have...
Aditya Birla announces Fund I close
Aditya Birla Capital Advisors has announced the close of its first fund, Fund I, at some Rs.800 crore ($176 million).
Shanghai RMB LP plan reported
Reports in PRC media indicate the launch of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” to be floated in the Pudong New Area of Shanghai, authorized after an executive meeting of the Shanghai municipal government....
CNEI Fund II closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund, CNEI Fund II, oversubscribed at $255 million, ahead of its original $250 million target.
Ex Taiwanese minister launches PRC RMB fund
Yang Shih-chien, a former deputy economics minister in Taiwan, has reported launched his own RMB-denominated private equity fund.
3i debuts new growth fund
3i Group has launched its new growth capital fund at GBP1.1 billion ($1.6 billion) of assets under management, with $533 million provided by third-party investors - the first time 3i has funded a growth vehicle externally rather than exclusively from...
JAFCO invests Japan headhunter
JAFCO, one of the largest venture capital firms in Japan, invested JPY217 million ($2.4 million) in Biz Reach Inc., a Japanese recruitment site operator, through its JAFCO Super V3 Kyoyu Fund.
Ex-Goldman Hu may skip PE for PBOC
According to Chinese media reports, Dr Fred Hu, the former Managing Director and Chairman of Greater China at Goldman Sachs who recently retired from his post after only two years, may skip his reported plans for an independent private equity fund and...
Saigon AM gets new CIO
Saigon Asset Management, the leading Vietnam investor, has announced the appointment of Michael Kokalari as its new CIO and deputy CEO, to replace Hoang Ngueyn, who becomes Senior Advisor.
Unitius recruits ex-Morgan Stanley, UBS leads
Unitius Capital, a financial advisory business that focuses on capital sourcing for microfinance and other socially-focused operations, has recruited former Morgan Stanley India CEO and Country Head Narayan Ramachandran as its new co-chairman, as well...
Lazard Carnegie Wylie starts Oz pub fund
Lazard Carnegie Wylie Private Equity has announced the formation of an A$100 million ($91 million) fund to buy Australian distressed pubs, hotels and similar hospitality assets.