Funds
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.
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...