Funds
Aditya Birla approaches final close
New Indian GP Aditya Birla Capital Advisors is reportedly about to announce the final close of its Fund I at around Rs800 crore ($176 million).
EU still not agreed on alternatives funds
European Union representatives from the 27 member states have reportedly failed to reach a deal in the latest push for consensus on regulation of alternative investment vehicles, including hedge funds and private equity.
Wilshire fundraising hit as Ennis resigns
Fund-of-funds Wilshire Private Markets has reportedly delayed its latest fundraising following the resignation of Jeffrey Ennis, its CIO and the latest senior executive to quit the firm within a year.
AMEC lures repeat VC investors
Advanced Micro-Fabrication Equipment, Inc. (AMEC), a Chinese semiconductor equipment company, has attracted some $46 million from existing venture capital investors, including Shanghai Venture Capital Co. Ltd., Walden International, Lightspeed Venture...
Hu leaves Goldman for own fund
Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is reportedly following a recent trend by quitting the star investment bank after only two years in his current role to launch his own private equity fund.
WI Harper to take stake in Taiwan's Testar
Veteran VC firm WI Harper Group has agreed an investment into Taiwan’s Testar Electronics Corporation, which specializes in testing and optimizing Light Emitting Diode (LED) chips, and which will spin out from its parent company Chroma Ate Inc. under...
PineBridge Pacific Century sale hits fresh delay
The completion of American International Group's sale of its $87.3 billion asset management business, including some $27.3 billion of private equity assets, to Richard Li-backed Pacific Century, reportedly may face further delays, as Hong Kong police...
The Great Arbitrage
In this week's Editor's Viewpoint, Brent Nicklas of Lexington Partners shares a key strategic insight with Paul Mackintosh, AVCJ Managing Editor.
Israel's Infinity launches six RMB funds
Infinity-I China Fund, the Tel Aviv-headquartered venture capital firm led by Infinity Group CEO Amir Gal-Or, has launched six RMB-denominated private equity funds in partnership with seven Chinese cities, including Beijing, Suzhou, Harbin, Shijiazhuang,...
China Merchants entity plans third fund in three years
CMS Capital (HK) Co., Ltd., a fully-owned subsidiary of China Merchants Securities operated under China Merchant Group, one of the largest conglomerates in China, plans to launch its third private equity fund in three years since its formation.
DE Shaw for Shanghai, Tokyo
US $24 billion hedge fund and alternative assets investor DE Shaw is reportedly planning offices in Shanghai and Tokyo, with the Shanghai office targeting direct investments and other areas of the firm's private equity arm.
KKR India recruits Sen from Citi
Kohlberg Kravis Roberts & Co. has reportedly recruited Abhijit Sen, formerly CFO and CAO of Citi in India, as its new CFO for KKR India.
Harbor Pacific makes maiden first close
Harbor Pacific Capital, a Silicon Valley-based VC firm focused on tech companies in the US and Asia, has raised $32.8 million for the first close of its maiden fund, Harbor Pacific Capital Partners I, LP.
Warburg Pincus India head Khanna quits
Rajesh Khanna, Managing Director and head of Indian operations at Warburg Pincus, has reportedly left the firm, seeking to establish his own fund.
Actis recruits Soh from Temasek
Leading London-headquartered emerging markets investor Actis has recruited Lionel Soh, a former associate director of investments at Temasek Holdings, as a director for its Singapore office.
Goldman Sachs said halving infra fund target
Goldman Sachs has reportedly cut the original $7.5 billion target size for its Goldman Sachs Infrastructure Partners II fund by more than half.
Private equity mood upbeat at ANZ Forum
The mood and sentiment among private equity GPs, LPs and advisors at the AVCJ Private Equity & Venture Forum \ ANZ 2010 in Sydney appears distinctly upbeat, showcasing the strength of Australia's macroeconomic fundamentals.
Shanghai licenses Fosun-Carlyle RMB fund
The Carlyle Group and Fosun Group have obtained a business license from the Shanghai Administration of Industry and Commerce (SHAIC) to operate their JV Fosun-Carlyle (Shanghai) Equity Investment Fund, which is now officially allowed to make investments...
Ex Och-Ziff, Goldman MD Yu plans Themes China fund
Frank Yu, formerly an MD with Och-Ziff Capital Management and also with Goldman Sachs, is reportedly planning to raise a $500 million China-focused first fund for his own private equity startup, Themes Investment Partners.
Industry Q&A: Andrew Legge, Dragon Capital
Christina Kautzky speaks with Andrew Legge, Director at Dragon Capital, about why Vietnam is off to a slow start this year, how LPs view the market, and where private equity opportunities lie.
Australia: Ripe for mezz
Australia is not what the global mezzanine debt industry might consider a stand-out market. Traditionally, equity and senior debt have always reigned supreme, and convertible bonds have been considered quite a sexy debt instrument.
SWFs in AIA Pru-ve power shift
A deal hailed as a once-in-a-lifetime event looks about to put headline numbers against international appetite for Asian growth.
Carlyle partners with Fosun for JV, RMB fund
The Carlyle Group has signed a strategic partnership agreement with Fosun Group, the largest privately-owned investment conglomerate in China, to enhance their investment activities in the Greater China market.
Religare-backed Northgate said readying fifth fund
US private equity fund-of-funds firm Northgate Capital, recently invested by Indian financial services group Religare Enterprises, is reportedly readying its fifth investment vehicle, Northgate Capital V LP.