Funds
TA raises $12.5b for 14th flagship fund
TA Associates, a global growth-oriented investor with a presence in Asia, has closed its 14th flagship fund at the hard cap of $12.5 billion.
Fund focus: Glory’s deep-tech thesis gains traction
Having initially struggled to win over LPs with a strategy focused on capital-intensive deep-tech assets, Glory Ventures was helped by US-China technology decoupling and the rise of new infrastructure
Ex-Goldman Japan strategist launches ESG VC fund
Kathy Matsui, formerly vice chair and chief Japan strategist at Goldman Sachs, has launched what is described as Japan’s first global venture capital fund focused on environment, social and governance (ESG).
China's Yingke closes renminbi, US dollar funds
Shanghai-based Yingke Private Equity has raised RMB10 billion ($1.57 billion) for its latest renminbi-denominated fund as well as an undisclosed sum for a third US dollar vehicle.
Glory raises $120m for second China venture fund
China's Glory Ventures has closed its second US dollar-denominated fund at $120 million, with VC-focused fund-of-funds Unicorn Capital Partners serving as the anchor LP.
Shanghai broadens investment scope of QFLP
Shanghai is giving foreign investors better access to unlisted assets and private funds - under an expanded Qualified Foreign Limited Partner (QFLP) regime - as part of efforts to establish itself as a global asset management hub.
Stride seeks $137m for second India venture debt fund
India venture debt provider Stride Ventures has launched its second fund with a target of INR10 billion ($137.5 million), with a greenshoe option that could see the corpus rise to INR18.7 billion.
Japan's CyberAgent raises $55m for latest VC fund
CyberAgent Capital, a unit of Japanese advertising agency CyberAgent also known as CyberAgent Ventures, has raised JPY6 billion ($55 million) for its third flagship VC fund.
China's Meridian raises $330m for renminbi fund
Chinese VC firm Meridian Capital has closed its sixth renminbi-denominated fund at RMB2.12 billion ($330 million) after four months in the market.
Paddy Sinha joins India government infrastructure fund
Paddy Sinha, formerly managing partner of Tata Opportunities Fund, has become executive director and CIO for private equity at India’s National Investment & Infrastructure Fund (NIIFL).
Japan's UTEC seeks $275m for Fund V
University of Tokyo Edge Capital (UTEC) has secured a first close of undisclosed size on its fifth deep tech fund and expects to exceed a target corpus of JPY30 billion ($275 million) next month.
Legend closes China healthcare continuation fund
Legend Capital has spun out the healthcare assets from two of its China venture capital funds into a continuation vehicle supported by Hamilton Lane and Coller Capital. The $270 million deal includes capital for follow-on investments.
China distress specialist DCL targets $466m fundraise
DCL Investments, one of China’s first private equity firms to focus on distressed assets, is looking to raise RMB3 billion ($466 million) for its latest renminbi-denominated fund.
LG Chem to anchor IMM's Korea battery fund
IMM Private Equity’s recently established credit unit has launched a KRW400 billion ($353 million) Korea-focused fund that will invest in components for electric vehicle (EV) batteries and other environmentally friendly industrial materials.
DFIs help Nepal impact fund to $40m first close
Development finance institutions (DFIs) featured prominently in a $40 million first close for the second impact fund from Nepal-focused Dolma Fund Management. The target is $75 million.
Japan's Infinity Ventures joins global alliance
Japan’s Infinity Ventures has teamed up with US and Europe-based E.ventures as well as its Brazilian affiliate Redpoint Eventures to form a global VC under the name Headline.
Ince seeks $450 million for second China VC fund
Ince Capital is preparing to launch its second China venture capital fund with a target of $450 million, less than 18 months after closing its debut vehicle.
Japan's JGC, Global Brain launch $46m VC fund
Japanese engineering conglomerate JGC Group has teamed up with local VC Global Brain to establish a JPY5 billion ($46 million) fund targeting industrial sector technology start-ups.
Australia's Main Sequence closes Fund II at $194m
Main Sequence Ventures, a specialist deep tech investor established by Australia’s national science agency, CSIRO, has closed its second fund with A$250 million ($194 million) in commitments.
Asia credit fundraising: Middle muddle
Various structural tailwinds are driving the development of Asia’s middle-market private credit space. This doesn’t necessarily make it any easier to raise funds for the strategy
Q&A: B Capital’s Raj Ganguly
In the past few months, B Capital Group has closed a late-stage fund, entered China, and moved forward with a seed-stage vehicle. Co-founder Raj Ganguly explains the firm’s thinking
Blackstone in $3.1b first close on second Asia PE fund
The Blackstone Group has reached a first close of $3.1 billion on its second dedicated Asia private equity fund, which is already larger than Fund I.
Bain closes Japan fund at $1b
Bain Capital has closed its first dedicated Japan private equity fund with JPY110 billion ($1.01 billion) in commitments.
Fund focus: Lakeshore remains one of Thailand’s few
Thailand is hardly a hotbed of private equity activity in Asia, but Lakeshore Capital has demonstrated an ability to deploy and return capital. It now has a $150 million second fund to put to work