Funds
CITIC Capital Partners closes ahead on $925 million
CITIC Capital Partners, the private equity arm of China’s CITIC Capital Holdings Ltd., has had a final close on its second buyout fund at $925 million, exceeding its original target of $750 million.
Axis spinout may set trend in India
Axis Private Equity, led by MD and CEO Alok Gupta, has confirmed earlier Indian media reports that it is planning to spin out of backer and parent Axis Bank, by buying out its stake in the business.
Industry Q&A: Benjamin Fanger
Benjamin Fanger, co-founder and MD of China-focused distressed investment fund Shoreline Capital Management, speaks to AVCJ’s Christina Kautzky
Temasek plans new public markets vehicle Seatown
Singapore SWF Temasek Holdings has reportedly registered a new multi-strategy hedge fund-like investment company, Seatown Holdings International, to invest in securities from stocks to bonds and target absolute returns.
Daniel joins Accel in India
Anand Daniel, previously a senior associate with Boston-headquartered early stage VC Flybridge Capital Partners, has joined Accel Partners as a principal in the firm's Bangalore office.
Founder Institute opens in Singapore
The Founder Institute, an entrepreneurship program started by other entrepreneurs and backed in Singapore by Battle Ventures and Ascendas iAxil, has opened in Singapore and is accepting its first applications for trainees.
Affinity not raising new fund
Notwithstanding earlier incorrect media reports, leading independent regional buyout firm Affinity Equity Partners has no plans to start raising a new fund this year.
SEC reconsiders placement agent restrictions
The US Securities and Exchange Commission (SEC) may review its recently unveiled plans to prevent private equity firms from hiring placement agents to help seek funds from public pensions.
LMS cites Asia interest
London-listed growth capital and low-to-mid-cap buyout investor LMS Capital has expressed interest in deals in China and India.
Jeremy Coller of Coller Capital
After putting tough questions to the opening panel at the 2009 AVCJ Private Equity & Venture Forum in Hong Kong, Jeremy Coller, CIO of Coller Capital, has the tables turned on him by AVCJ's Christina Kautzky.
Thai Government Pension Fund will boost PE, realty
Thailand’s Government Pension Fund (GPF) will boost its overseas investments, including private equity fund investments and direct investments in real estate and infrastructure, Sopawadee Lertmanaschai, secretary-general of GPF announced earlier in Bangkok....
India's Ascent beats odds, raises $350 million
Ascent Capital Advisors India Pvt. Ltd. has announced the close of its Ascent India Fund III, garnering $350 million in commitments, amid rumors that the fund was in fact oversubscribed.
CIC enters Apax's "closed" Europe VII fund
China Investment Corporation (CIC), China's $300 billion sovereign wealth fund, has reportedly invested €685 million ($952 million) in Apax Partners' Apax Europe VII, a €11.2 billion ($15.5 billion) buyout fund that was ostensibly no longer open to investors....
TPG hires Kapur for India consumers
TPG Capital has announced the hire of Gunender Kapur, previously President and CEO of the foods division of Reliance Retail, as a senior advisor on the Indian retail and consumer space.
Axiom closes Fund II ahead on $950 million
Singapore-headquartered independent fund of funds Axiom Asia Private Capital has delivered major corroboration for those who hoped that 2010 would see a rebound in private equity fundraising.
CITIC hits $1.3 billion for RMB fund
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), has hit a new high in RMB fundraising, accumulating RMB9 billion ($1.32 billion) for its debut vehicle, the CITIC Mianyang Private Equity Fund.
Apollo gets hold of Holdfast
Leading Wall Street alternatives giant Apollo Global Management is taking on board Grant Kelley and the entire team of his own real estate platform Holdfast Capital, as part of creating a new Asian entity, Apollo Global Real Estate Management, Asia Pacific...
Philip Bilden of HarbourVest Partners
Philip Bilden, Managing Director for Asia Pacific at influential fund of funds HarbourVest Partners, talks about the firm's investment strategy and the relative attractions of different regional markets.
BTS targets new $150 million Indian clean energy fund
BTS Investment Advisors, a private equity fund jointly headquartered in Zurich and Mumbai, will raise a new $150 million fund focused on the clean energy space.
Religare's Chakraborty leaves for Oman's Kitara Capital
Amitabh Chakraborty, formerly head of equity research at Religare Securities, has reportedly quit the leading Indian brokerage to join Kitara Capital, an arm of the Sultanate of Oman’s Ajit Khimji Group, as MD and CIO.
BoA will retain Merrill Asia property funds
Bank of America is no longer selling Merrill Lynch's $2.65 billion Asian property fund business, which the US bank had originally planned to divest among other non-core businesses following its acquisition of Merrill at end 2008 during the financial crisis....
Jonathan Zhu of Bain Capital
Jonathan Zhu, Managing Director at Bain Capital Asia, speaks about the firm's position on control and minority stakes, Bain Capital's market entry strategy, and the firm's plans for investing in 2010.
New Horizon rumored at $1 billion
Co-founded by the Chinese Prime Minister’s son, Wen Yunsong, PRC-focused private equity fund New Horizon Capital is fundraising for its third fund, originally targeting $500 million but now rumored to be looking at hitting the $1 billion mark.
First Eastern launching Dubai fund
Victor Chu’s First Eastern Investment Group is planning a $250 million private equity fund to focus on investments in Dubai, aiming to assist local businesses starved of capital since the Gulf economy’s sudden collapse.