Funds
ORIX plans Tokyo Star investment, partnership
ORIX Corp., the Japanese investment and financial services firm, is investing JPY10 billion ($111 million) into Advantage Partners investee Tokyo Star Bank, alongside a plan to form a corporate turnaround arm at the bank.
3i winds down Asia buyout practice
The UK's 3i Group has wound down its buyout arm in Asia, after merging its Singapore-led buyout team into its growth capital platform in the region, and transferring responsibility for Asian buyouts to its global buyout team.
KKR nixes CVC partnership on Healthscope
Kohlberg Kravis Roberts & Co. has said that CVC Capital Partners will not be participating in a bid for Australia's Healthscope, estimated at potentially up to A$1.84 billion ($1.56 billion), with KKR continuing on the bid by itself.
LP t&c issues as power balance shifts
The debate over the impact of the GFC on the balance of power between GPs and LPs has focused much on whether any power shift is real, or just cosmetic.
Australia's Allegro announces Fund II
Allegro Private Equity, the Sydney-based ANZ independent mid-market investor, has announced the launch of its Allegro Fund II, seeking to raise A$200 million ($176 million) or above.
MBK sole bidder for KEB
Pan-Asian independent buyout fund MBK Partners was the only bidder to submit a formal letter of intent to purchase the 51.5% controlling stake in Korea Exchange Bank held by Lone Star Funds and valued at up to $4 billion, according to Korean press reports.
Japan, a Catch-22?
While Japan's estimated GDP growth sits at just 2.6%, China is forecasted to hit 9.6% growth in 2010.
Fortress closes first Japan fund at $800 million
Fortress Investment Group, the US distressed debt and alternative assets investment group, has closed its first Japan-focused distressed fund, the Fortress Japan Opportunity Domestic Fund, at JPY75 billion ($800 million), its target cap, according to...
Capital Dynamics launches Oz-led cleantech platform
Switzerland-headquartered private equity asset management firm Capital Dynamics is launching a cleantech direct investment initiative, to be led initially from Brisbane in Australia, the base for David Scaysbrook, newly appointed MD in the Clean Energy...
Gupta joins Nexus as MD
Indian VC firm Nexus Venture Partners has announced the hire of Anup Gupta, hitherto Group COO at leading NYSE-listed BPO company WNS (Holdings) Ltd., as a Managing Director.
Shan joining Pacific Alliance as CEO
After earlier reports that he was going to form his own independent private equity firm, Weijian Shan, previously Managing Partner with TPG Capital in Hong Kong, is now going to join Pacific Alliance Group (PAG), the Hong Kong-headquartered private equity,...
JAFCO Asia, Mitsui, CEL invest Prudent Energy in China
PRC energy storage business Prudent Energy has announced that pan-Asian VC investor JAFCO Asia, Japanese VC firm Mitsui Ventures and European growth capital investor China Equity Links (CEL) Partners, as well as other investors, will invest a total of...
ICICI Venture hires for infra fund
ICICI Venture, the private equity arm of ICICI Bank, has hired Manikkan Sangameswaran, former chief of Babcock & Brown Infrastructure’s BBI.AX India unit, to head up its new infrastructure business.
Kleiner China invites two new recruits
KPCB China, the China unit of Silicon Valley VC firm Kleiner Perkins, has hired Jonathan Wang and Wang Enqiang as venture partner and senior advisor, respectively.
Olympus hires Nomura's Katayama
Hong Kong-headquartered Olympus Capital Holdings Asia has appointed Shunji Katayama, 48, a former investment banker at Nomura Holdings Inc., as a Managing Director, based in Tokyo.
GSR hires tech vet Jia as partner
GSR Ventures, the Beijing-based venture capital firm, has hired Jack Jia, founder and Chairman of Baynote, Inc., a software innovator that develops recommendation and search technology, as a Partner.
CapAsia recruits 3i's Osborne, Pru's Martin
Fresh from its rebranding, infrastructure investor CapAsia, previously CIMB Standard Strategic Asset Advisors, has recruited two senior professionals, David Osborne, formerly Partner and head of the Asia buyout team at 3i Group, and Craig Martin, previously...
Walden gets happy returns from Korean games
Walden International has sold a 13% stake in its portfolio company Ndoors Corporation, a South Korean game software developer/publisher, to Nexon Corporation, a major strategic peer in the sector.
Coller Barometer shows slumping returns, soaring Asia
China, India in forefront of global LPs’ sights
Results, however volatile, in China
Learning from past mistakes is key to future success, say experts
SBI in new round for Quark Pharmaceuticals
Japan's SBI Holdings Group, the investment conglomerate behind the SoftBank family of funds, has made a further commitment of $10 million to investee company Quark Pharmaceuticals, a Californian developer of RNAi-based drugs.
Dream Incubator, ORIX launch Vietnam fund
Dream Incubator Inc., a Tokyo-based VC and advisory firm, and Japanese financial services group ORIX Corp.are forming a joint private equity vehicle focusing on the Vietnam market.
IDFC starts private equity real estate fund
Infrastructure Development Finance Company Ltd (IDFC), India’s leading infrastructure finance services firm, is to expand its alternative investment capabilities to operate a private equity real estate business, hiring a new senior executive to run...
Kleiner, Sequoia, Walden-backed Auto Navi goes to NASDAQ
Sequoia Capital, Kleiner Perkins and Walden International investee AutoNavi Holdings Ltd., a provider of digital map content and navigation services in China, filed with US regulators on Wednesday to raise up to $100 million in an initial public offering...