Funds
Babson to form mezz team for Asia
Babson Capital Management, the US investment advisor claiming to manage some $100 billion of assets on behalf of global institutions, has announced the formation of a team to invest in mezzanine debt opportunities in Asia Pacific.
UBS mulls RMB fund
Although there has not as yet been formal confirmation, reports suggest that Swiss banking giant UBS is now in talks with the Beijing municipal government regarding setting up a renminbi-denominated private equity fund.
Kleiner, Sherpalo partly exit Info Edge
Kleiner Perkins Caulfield & Byers and Sherpalo Ventures have reportedly sold some 4.08%, almost their complete stake, in Info Edge, the company behind Indian job search website Naukri.com.
UK's PSource plans China infrastructure fund
PSource Capital, a London-based alternative fund management and consulting firm, plans to form a China-focused infrastructure fund with seed capital of several hundred million dollars, committed by an unidentified Chinese investor.
Pru Property appoints new Asia head
Prudential Property Investment Managers, part of the asset-management unit of UK-based insurer Prudential PLC, has appointed Scott Girard, the current CIO of Prudential Investment Management, as its new Asia CEO.
New US rules may affect foreign funds
A new US law, the “Hiring Incentives to Restore Employment Act of 2010,” just signed by US President Barack Obama, could drastically affect non-US financial institutions and private equity funds, as well as US LPs and family offices investing into...
Sequoia's Sabharwal back to ICICI Bank
Rajiv Sabharwal, recruited in 2009 to Sequoia Capital India as an Executive Director, is now reportedly rejoining his old company, ICICI Bank, as a senior GM and head of the lender's retail operations.
Riverside promotes Feiglin to partner
The Riverside Company has announced the promotion of Simon Feiglin, hitherto a principal focused on the firm's Asia funds, to Partner.
Second 3i infra fund within 12 months: Ahuja
Speaking to media in India, Anil Ahuja, head of 3i Asia, has said that the leading London-headquartered private equity group will commence fundraising for its second Indian infrastructure fund within the next 12 months.
New Horizon closes Fund III
New Horizon Investment Advisors, the Beijing-headquartered growth capital GP set up in 2005 as a JV between Temasek Holdings and SBI Holdings, has closed its New Horizon Capital III fund at $750 million, a New Horizon director confirmed to AVCJ.
Chuo Mitsui plans $1.6 billion real estate business
Japan's Chuo Mitsui Trust & Banking Co. reportedly is planning to launch a real estate fund platform, targeting office and residential assets in Tokyo.
India moots energy fund
According to an Indian government official, India may consider deploying some of its $254 billion in foreign exchange reserves into an SWF to support its state-connected businesses in acquiring energy assets.
Hu move highlights Goldman’s role
Mooted new fund follows Hopu, Mount Kellett
Fleming, Iglesias leave Wilshire in Tokyo, Canberra
Grant Fleming, the long-serving Managing Director of Wilshire Private Markets in Tokyo, and Ovidio Iglesias, Senior MD with Wilshire in Australia, have left the $6 billion fund-of-funds, the latest in a series of senior departures from Wilshire including...
Elevar closes new "poverty" fund
Seattle and Banglalore-based investment management company Elevar has announced the closing of a new "poverty-focused" growth capital fund at $70 million, and seeking to invest in microfinance institutions and other poverty-related platforms in India,...
Ramnath attracts CPP IB
Leading North American LP the Canada Pension Plan Investment Board has reportedly decided to commit $100 million to the new private equity firm, Multiple Alternate Asset Management, launched by former ICICI Venture MD and CEO Renukah Ramnath.
Green investing: The other side of the summit
More discord than harmony after COP15?
Industry Q&A: Stephen Greer, Oaktree Capital
Stephen Greer, former founding CEO of Hartwell Pacific and now Senior Advisor to Oaktree Capital, talks to AVCJ’s Paul Mackintosh
ADIA Review reveals views, not value
Allocations on record, numbers still off limits
Fundraising: Coming back slowly
AVCJ’s latest soundings from the industry indicate that fundraising, long cited as the third shoe waiting to drop [sic.] as investments and exits regionwide recover post the GFC, may not be reviving as robustly as some had hoped.
Hopu as advisor in CNOOC Bridas deal
Leading private equity and multi-strategy investor Hopu Investment Management has reportedly been retained in its first advisory mandate: supporting Bridas Energy Holdings of Argentina in a $3.1 billion JV with China's China National Offshore Oil Corp....
Aditya Birla approaches final close
New Indian GP Aditya Birla Capital Advisors is reportedly about to announce the final close of its Fund I at around Rs800 crore ($176 million).
EU still not agreed on alternatives funds
European Union representatives from the 27 member states have reportedly failed to reach a deal in the latest push for consensus on regulation of alternative investment vehicles, including hedge funds and private equity.
Wilshire fundraising hit as Ennis resigns
Fund-of-funds Wilshire Private Markets has reportedly delayed its latest fundraising following the resignation of Jeffrey Ennis, its CIO and the latest senior executive to quit the firm within a year.