Funds
Raghavan sets up Steer Capital
Former Goldman exec and more recently head of India for Candover, Harsha Raghavan has announced the establishment of Steer Partners, rumored to be a partnership with WNS (Holdings) Ltd co-founder Neerj Bhargava.
Quam creates Xi'An JV RMB VC fund
Hong Kong-headquartered financial services group Quam Ltd. has signed a framework agreement with official investment agencies in Xi’An, Shaanxi province, to create an RMB venture capital fund for local investment.
Extream launches Singapore VC fund
Singapore-headquartered early stage VC firm Extream Ventures has launched its new Extream Venture Fund I at S$20 million ($14.2 million), after receiving commitments from Georgieff Capital in Germany and ART Texas Capital in the US.
China giants put their best fund forward
Amid unparalleled interest in the evolution of China’s domestic private equity environment, two major PRC financial institutions have announced progress in forming their own private equity funds.
Intel re-ups Asia
Intel Capital has reaffirmed its commitment to development of tech companies in Asia, with four new financings in Taiwan, Korea, Japan and China, out of seven recent deals made globally by the multinational corporation’s venture investment unit.
CalPERS commits to SAIF
Leading US LP the California Public Employees' Retirement System (CalPERS) has reportedly agreed to commit $120 million to SAIF Partners IV, the new fund being raised by SAIF Partners for growth capital and late-stage VC investments in China and India....
DCM invests Japan startup Tonchidot
DCM principal Osuke Honda has led a Series A, $4 million round in Tonchidot Corp., a Japanese-based startup that has captured tech interest for its augmented reality application. Also participating in the deal was seed investor Itochu Technology Ventures....
Malaysia's MOL gives US VCs Friendster exit
Malaysian online payments business MOL Global Pte. Ltd. has agreed to acquire Friendster Inc., one of the pioneering social networking sites, giving VC investors Benchmark Capital, DAG Ventures, Founders Fund, Kleiner Perkins Caulfield & Byers and Siguler...
Asian SWFs get real
Asia’s LPs and sovereign wealth funds (SWFs) are becoming increasingly significant investors in global real estate, for a variety of reasons – not least the prospect of all-time bargains in the post-crisis markets.
Australian Catholic Super invests Partners Group, Lexington
The Australian Catholic Superannuation and Retirement Fund (ACSRF) – which recently changed its name from the Catholic Superannuation and Retirement Fund – has reportedly made two new private equity commitments of A$50 million ($46.3 million).
OrbiMed debuts in India with Ecron Acunova
OrbiMed Advisors, which describes itself as “the world’s largest healthcare investment firm,” has made its first India investment with a commitment to Bangalore-based clinical research business Ecron Acunova, which handles outsourced clinical trials for...
Macquarie plans Korea infrastructure fund II
Macquarie Group is reportedly looking to launch a new infrastructure vehicle in Korea, Macquarie Korea Opportunities Fund II, as a follow-on to its successful Korean infrastructure fund, potentially targeting up to $1 billion.
Chepstow team builds on shared mid-market experience, strategy,
Vincent Warner and Josephine Price’s recently launched Chepstow Capital has drawn key players from both of their former firms.
Aureos new mid-cap fund Southeast Asia's largest?
Touting itself as the largest fund of its type in the ASEAN region, Aureos Capital is launching a new $250 million fund, ASEAF II.
PRC central government announces VC fund plans
China’s central government has announced on the State Council website its plans for national-government-backed VC funds, to operate alongside local government and private funds.
Clearwater invests India's Oricon
Leading special situations and private equity investor Clearwater Capital Partners, has invested Rs 35 crore ($7.5 million) in Oricon Enterprises Ltd., a Mumbai-headquartered metal and plastic packing business.