Funds
CP Eaton launches new RMB platform
Exploratory initiative as case study for the industry
Fadely moves to Weil Gotshal
John Fadely, formerly a corporate partner in the funds group of Clifford Chance in Hong Kong, has now joined Weil, Gotshal & Manges, as a partner and member of its global funds practice.
IFC to back Lok II
The International Finance Corporation (IFC), the private investment arm of the World Bank, will commit $15 million as an anchor investor for Lok II, the $80 million vehicle recently launched by Indian microfinance investor Lok Capital.
JPMorgan Chase plans China VC firm
US financial institution JPMorgan Chase & Co. reportedly is ready to establish a venture capital firm in China, with official authorization from PRC financial regulators and the Beijing government.
Accel, Kitven back Mitra Biotech
Accel Partners and local Indian VC Karnataka Information Technology Venture Capital Fund (Kitven) have jointly invested an undisclosed amount in Mitra Biotech, which is developing a personalized cancer diagnostic platform.
Schroders sells fund admin unit to JPMorgan
Schroders has agreed to sell its global private equity administration services business to JPMorgan for an undisclosed sum.
Goldman due 200x return in China pharma IPO
With the Shenzhen IPO of little-known Chinese pharmaceutical company Shenzhen Hepalink Pharmaceutical, Goldman Sachs will see an almost certain 200-fold profit on its original $5 million investment.
CP Eaton annouces RMB fundraising, recruits Gu
Placement agent CP Eaton Partners has announced the launch of a dedicated RMB fundraising effort for all current and future GP clients, engaging Eric Gu as VP to head the platform from its Shanghai office.
JAFCO invests Singapore's DS3 Systems
JAFCO Asia has partnered with Singapore government-backed Infocomm Investments in a Series A investment round for Singapore's Data Security Systems Solutions (DS3).
Ceyuan, Fidelity, GSR, Sequoia back NetQin
Ceyuan Ventures, Fidelity Asia, GSR Ventures and Sequoia Capital China have all participated in a $20 million third funding round for NetQin Mobile Inc., a Beijing-headquartered mobile comms security service provider.
Actis said launching $2 billion roads JV with Tata
UK emerging markets investor Actis Capital is launching a JV with Indian conglomerate Tata Group to invest up to $2 billion over five years in India's roads.
IDG invests Yiji Network
IDG Ventures has invested an undisclosed amount in Guangzhou Yiji Network Technology, a Chinese systems integration and network business, in order to support its Easy Business e-commerce platform, according to PRC media reports.
Candover may go to Canada LP Aimco
Troubled UK listed buyout group Candover Investments has confirmed that it has received approaches for a takeover of its business from $70 billion Canadian pension fund Alberta Investment Management Corp. (Aimco).
CLSA Fudo plans new Tokyo hires
CLSA Capital Partners' Japan-based real estate platform, Fudo Capital, plans to hire more staff in Tokyo this year as it invests its $816 million Fudo Capital II fund.
AXA, Sumitomo plan joint Japan real estate fund
AXA Real Estate Investment Managers Japan is planning a joint fund with Sumitomo Trust and Banking to invest in Japanese real estate.
Industry Q&A: Norman Chen, Partner, Fidelity Asia Ventures
Chen talks to AVCJ’s Paul Mackintosh about opportunities for healthcare investments in China
StepStone’s Brem bound for Beijing
Special proposition for separate/discretionary accounts
Know your limits
One of the most interesting findings in Squadron Capital’s Asia Pacific Private Equity Fund Terms Survey on regional adherence to the International Limited Partners Association principles on fund t&c was not about the ILPA Principles at all.
Myo gets DBS backing for Asia distress
Myo Capital Advisers, the distressed debt/special situations investor, has announced a commitment of up to $150 million from DBS Group as a cornerstone investor in its first fund.
China Select gets Suzhou RMB OK
China Select Capital Partners Corp., a Toronto Venture Exchange-listed asset management and investment firm, has announced that it has received approval from the municipal government overseeing Suzhou Industrial Park to manage RMB funds in China.
Garg leaves Bessemer seeking semi role
Devesh Garg is leaving his post as Managing Director with Bessemer Venture Partners in India to seek positions at semiconductor companies in the US.
IFC invests in CLSA green fund
The International Finance Corporation (IFC) has announced it will commit up to $25 million to CLSA Capital Partners’ Clean Resources Asia Growth Fund, a pan-regional fund targeting clean energy technology investments.
Shanghai Ventures invests Advantech
Shanghai Ventures has announced a $14 million co-investment with the Pan family of Chinese entrepreneurs in Advantech Global Ltd., a US thin-film transistor manufacturer founded by Dr Peter Brody, the inventor of active-matrix LCD technology.
Goldman and Macquarie close infra funds below target
After nearly two years in the market, both Goldman Sachs and Macquarie Group have closed infrastructure-focused private equity funds, with much more fundraising difficulty than they encountered with their last vehicles.