Funds
ARC partners with Westly for RMB cleantech
California-based venture firm Westly Group is partnering with ARC China Holdings, a Hong Kong-based fund manager, to launch an RMB-denominated private equity fund, in the continuing trend to create RMB partnerships between Greater China funds and foreign...
Venture Q&A: Peter Wagner
Rebecca Fannin recently chatted with Accel Partners’ Peter Wagner, who heads up the investment firm’s strategy in India.
CDH fund oversubscription reports denied
Leading PRC alternative assets fund manager CDH Investments, according to media reports, was said to be collecting up to $1.6 billion for its CDH China Fund IV, well above the putative c.$1.4 billion target.
Sequoia stimulates Chinese men's fashion interest
Leading VC Sequoia Capital China Fund has reportedly made another Chinese e-commerce investment following OkayBuy.com, this time in high-end online menswear retail brand Masa Maso.
Carlyle announces Beijing RMB fund
The Carlyle Group has announced an MOU to form a Beijing-based RMB fund in partnership with the Beijing Municipal Bureau of Financial Work.
Venture bounces back – for some
Amid all the gloom and despondency over fundraising, especially in once-favored sectors like venture capital, it’s good to see an outsize success – especially when the firm in question is a long-time Asia investor.
NEA kicks the slump
The world’s largest VC firm, New Enterprise Associates, has announced the final close of its latest global fund, New Enterprise Associates XIII, at just under $2.5 billion, bringing its total committed capital to some $11 billion.
Rebecca Xu of Asia Alternatives on China
Rebecca Xu, one of the three co-founding MDs of independent fund of funds Asia Alternatives Management, describes her firm's edge in the PRC market and her assessment of the opportunities and developments there.
Johann Bastin of CIMB Standard
Johann Bastin, CEO of CIMB Standard Strategic Asset Advisors, speaks about the role of CIMB Standard as a shariah-compliant fund.
Orix to resume China investments
Orix Corp., one of the largest Japanese leasing companies, plans to invest ￥300 billion ($3.2 billion) in promising Chinese companies over the next three years.
Private equity activity freeze thaws in Asia
AVCJ focuses on LP views of the region’s attractions looking ahead into 2010
HarbourVest makes promotions as Delbridge steps back
HarbourVest Partners has given several Asia-based executives wider roles, as one of its pioneering investors in the region moves to a less active position.
2010: A roaring Year of the Tiger?
2010 may deliver the hoped-for recovery, but no one is taking it for granted.
Walden exits Photop in China
Global venture capital firm Walden International has exited its investee Photop Technologies Inc., a Chinese manufacturer of photonics products based in Fuzhou.
Fast Global invests MobGold
Fast Global Investments, a hitherto unrecorded TMT-focused early stage Greater China investor, has led a $12 million Series B round of funding for MobGold, a Hong Kong-headquartered developer of mobile advertising and payment solutions.
Jacob Ballas, NEA, team on FSS deal
Jacob Ballas Capital India and US VC major New Enterprise Associates have reportedly teamed up to invest $60 million in Chennai-based electronic payments player Financial Software & Systems Ltd., for around 40% of the company.
LP terms of endearment
LP views differ re the value of private equity to their portfolios; but all agree they want – and expect to get – better terms in their relationships with GPs going forward.
2009: crisis what crisis?
The year 2009 in retrospect seems to be finishing on a higher note than the deep gloom and fear of end 2008.
The KY Tang Top Ten for 2009
KY Tang’s Top Ten list for the year ahead has become an institution at the AVCJ Private Equity & Venture Forums – and beyond.
That was the year that wasn't?
Another year gone – unlike any other.
Youku Series E nets $40 million
A Series E fundraising round for Chinese online video site Youku.com has raised around $40 million in its first tranche, with Chengwei Ventures leading fellow repeat investors Brookside Capital, Maverick Capital and Sutter Hill Ventures.
SAIF, Manitou list MOBI
SAIF Partners and Manitou Ventures investee MOBI Development Co. Ltd., a PRC radio antenna and base station manufacturer, has listed in Hong Kong.
Providence, SCPEL, shortlisted for MSM
US TMT-focused buyout firm Providence Equity Partners and Standard Chartered Private Equity, the investment arm of the UK’s Standard Chartered Bank, are reportedly shortlisted to acquire a 40-45% stake in Multi Screen Media Pvt Ltd (MSM), a Mumbai-based...
Australia tax office may hit investments
The Australian Tax Office has made a draft determination stating that in some cases profits from the disposal of assets by private equity firms can be classed as taxable income.