Funds
Tiwari quits JPM for Multiples
Dinesh Tiwari, formerly Executive Director with JPMorgan Chase in India, has quit the bank to be an investment director for Multiples Alternate Asset Management, the private equity firm created by former ICICI Venture lead Renukah Ramnath, according to...
China Everbright sells Everbright ALAM stake to Ashmore
China Everbright Ltd. has sold up to a 39% stake in Everbright ALAM, its investment manager specializing in China real estate currently co-owned with RQSI Ltd., to Ashmore Investment Management, a specialist emerging markets asset manager.
Granite Hill backs Net4 India
US India-focused private equity firm Granite Hill Capital Partners is investing some $1.7 million in Indian-listed network and application services company Net4 India.
ChrysCapital to give back $300m
Leading Indian private equity firm ChrysCapital Management is to return $300 million of the capital from its ChrysCapital Fund V - India's biggest dedicated fund to date at $1.25 billion - to its LPs, citing a poorer market climate and limited opportunities...
Vietnam Q&A: Chris Freund
Chris Freund, Managing Partner at Mekong Capital, talks about investing in, and fundraising for, Vietnam.
Asian SWFs ramp up in North American oil and gas
Dearth of Western investment post-GFC opens door to Asian players
Sarona supports SEAF India fund, MicroVest
Sarona Asset Management Inc., a Canadian boutique investment firm, has committed capital to SEAF India Agribusiness International Fund, the agricultural fund of the Small Enterprise Assistance Funds group, and MicroVest II, a fund supporting microfinance...
Uni-President launches RMB fund
Uni-President Enterprises Corp., the Taiwanese foodstuffs conglomerate, is forming an RMB private equity fund to invest in China's foods and consumer space, seeking RMB1-3 billion ($146-440 million), according to PRC reports.
NEA, GTI invest India's Nova Medical
New Enterprise Associates and NYC-headquartered private equity firm GTI Group have invested $16 million in Series A funding for Nova Medical Centres, an Indian specialist surgical services provider based in Bangalore.
Partners Group Dubai office targets MENA, India
Swiss alternative asset manager Partners Group has announced the opening of a new office in Dubai, seeking to tap both the MENA region and India.
GIC RE plans IPO for Japan assets
GIC Real Estate, the real estate arm of state-owned Government of Singapore Investment Corporation (GIC), is reportedly aiming to list a large portion of its property assets, potentially raising between $500 million and $1 billion, at an unconfirmed venue,...
S3 Investment launches Redwood Fund for China
OTC-quoted S3 Investment Company, a US investment banking and financial advisory firm seeking to tap the PRC market, has announced the launch of its Redwood Asia Fund, a growth capital private equity fund targeting opportunities in China and Mongolia.
TSMC invests China VC fund
Taiwan Semiconductor Manufacturing Co (TSMC), one of Taiwan's largest listed chipmakers, said it has received a regulatory green light to invest $5 million in a new Chinese VC fund that targets chip design start-ups in the PRC semiconductor industry.
Iglesias, Humphreys, Fleming aim for Continuity
Ex-Wilshire team forms Oz-based, Asia-focused vehicle
Nomura poaches Mount Kellett's Dayal
Nomura has hired Prasoon Dayal, hitherto with Mount Kellett Capital, to create an Asia Pacific primary private credits business.
Tata Capital gets Rajan as Managing Partner
Tata Capital, the financial services division of Indian conglomerate Tata Sons Ltd., has appointed Dr. Mukund Govind Rajan, hitherto MD of Tata Teleservices Maharashtra Ltd., as Managing Partner for its new private equity fund.
Barclays Capital arm backs Oz Hydra Energy
Barclays Natural Resource Investments, a division and co-investment partner of Barclays Capital, is backing the formation of Hydra Energy, a petrochemicals start-up seeking undeveloped or late-life oil and gas assets in Australia.
Queensland biotech fund gets Eli Lilly backing
The government of the Australian state of Queensland has partnered with pharmaceutical giant Eli Lilly & Co. to launch a $250 million biotech and life sciences VC fund.
Blackstone opens Oz office
The Blackstone Group has announced the opening of an office in Australia to capitalize on local LBO opportunities.
Edelweiss, Elephant join Axis Private Equity bidding
Two more bidders for Axis Private Equity, the private equity arm of Axis Bank, have been identified as Mumbai financial services group and special situations investor Edelweiss Capital and AIM-listed private equity firm Elephant Capital.
IL&FS plans $300-350 million growth fund
Leading Indian private equity investor IL&FS Investment Managers Ltd. is targeting $300-350 million for a new growth equity fund, to commence raising at end 2010.
CX closes on $515 million
CX Partners, the Indian private equity firm headed by former CVC International India head Ajay Relan, has closed its debut fund at $515 million.
IL&FS, Darby, others bid for Axis Private Equity
Six bidders, including veteran Indian private equity firm IL&FS Investment Managers and Darby Private Equity, as well as Aditya Birla Private Equity and Shapoorji Pallonji Group, are apparently bidding for Axis Private Equity, following parent Axis Bank's...
Infrastructure Q&A: Luis Miranda
Luis Miranda, President and CEO of IDFC Private Equity, talks about the Indian infrastructure opportunity, and international interest.