Funds
Fubon plans cross-Straits fund with CDB
Taiwan's Fubon Financial Holding Co. has announced an initiative with the China Development Bank and the provincial government of Fujian to set up an RMB5 billion ($732 million) private equity fund for investing in cross-Straits businesses.
Infinity I-China will expand in China with CDB
Infinity I-China, the Israeli venture capital fund, has signed a memorandum of understanding with China Development Bank to expand the fund's investment activities in Chinese companies through its six RMB-denominated funds, formed in partnership with...
Sunderji quits Guggenheim
Anand Sunderji, hitherto Head of Asset Management and fund-of-funds lead at Guggenheim Capital Management (Asia), has quit his post, and is believed to be planning a venture of his own.
Ramnath gets Multiples first close at $250 million
Multiples Alternate Asset Management, the private equity vehicle launched by former ICICI Venture MD and CEO Renuka Ramnath, has had a first closing at $250 million, against a $450 million target.
ADIA appoints Sheikh Hamed as new head
The Abu Dhabi Investment Authority (ADIA) has appointed Sheikh Hamed bin Zayed as its new managing director and head, following the death of his predecessor and brother Sheikh Ahmed bin Zayed in a gliding accident.
Anchorage closes debut Oz fund
Anchorage Capital Partners, a Sydney-based mid-market special situations and turnaround buyouts firm, has announced the close of its debut fund, Anchorage Capital Partners I, at A$200 million ($187 million).
Jafco commits to new Jafco Ventures fund
Japanese investment group Jafco has committed $100 million to launch the fourth fund for its US West Coast VC affiliate Jafco Ventures.
HKMA new alternatives tilt, KKR investment revealed
The Hong Kong Monetary Authority, Hong Kong's de facto central bank and manager of the territory's c.$1.5 trillion Exchange Fund, will invest more into private equity and hedge funds, having already committed to Kohlberg Kravis Roberts & Co. and other...
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275...
Building a better Asia – public, private, partnerships and profits
Asian infrastructure, the best investment opportunity yet?
Real estate: blossoming in Japan?
Land of the Rising REIT?
Carlyle closes CAP III at $2.55 billion
Tests LP appetite for buyout megafunds and strategy in Asia
Investindustrial brings Euro mid-market to Shanghai
China play to see growth as other markets slow
Mid-cap vs buyouts: may the best financing win
The state of Japan’s private equity market
New recruit Chang expands Colony beyond real estate
Points to growing convergence in alternatives space
JinkoSolar relaunches IPO
JinkoSolar Holding Co., a Shanghai-headquartered manufacturer of photovoltaic solar cell products originally invested by Pitango Venture Capital, Shenzhen Capital Group, and China Israel Value Capital, has refiled for its NYSE IPO after postponing this...
China's NSSF plans to back five funds
Dai Xianglong, President of the National Council for Social Security Fund, China's $130 billion state LP, has said publicly that the fund has selected five private funds to invest in, with commitments of up to $870 million-1 billion each.
Sequoia invests PRC blood glucose business
Sequoia Capital has led a $10.25 million Series A investment round into Beijing YiCheng Bioelectronics Technology Co. Ltd., a blood glucose monitoring system manufacturer.
ICICI f-o-f head joins Kaizen in Mumbai
Amit Ratanpal, the force behind ICICI Group’s fund-of-funds business, is joining Kaizen Private Equity as a principal and member of the investment committee.
CITIC PE launches USD fund
CITIC Private Equity Funds Management – a separate entity to CITIC Capital Partners – is launching a dollar-denominated private equity fund, following the success of fundraising for its debut RMB vehicle, the RMB9 billion ($1.32 billion) CITIC Mianyang...
IFC supports Aavishkaar Goodwell
The International Finance Corporation (IFC), the private investment arm of the World Bank, has made its latest commitment to India's microfinance space with a $15 million investment in Aavishkaar Goodwell India Microfinance Development Company Ltd., a...
Colony recruits former TPG partner Chang
US $39 billion real estate-focused group Colony Capital has recruited Justin Chang, formerly a partner with TPG Capital in Hong Kong, as a principal, to be based in Santa Monica, CA, and focus on extending Colony's investments into energy, healthcare,...
Kump leaves DIC for Carlyle
Eric Kump, former MD and head of the European buyout team at Dubai International Capital (DIC), has now joined the Carlyle Group as an MD with its Carlyle Europe Partners European LBO team.
First low carbon fund launched in China
The ZheShang Nuohai Low Carbon Fund, which claims to be China’s first dedicated private equity vehicle focused exclusively on the energy conservation, environmental protection and new energy sectors, was formally established at the end of March.