Anthony Kerwick, co-founder of Australian mid-market GP Adamantem Capital, discusses the challenges of setting up a new firm, the importance of future-proof investments, and Australia’s growing overseas angle
Korea’s IMM Private Equity has hit the $1.3 billion mark with a first close on its fourth fund, with contributions from international LPs added to the core domestic support. The manager has already put $450 million to work across two deals.
Investcorp has reached a final close of INR10 billion ($145 million) on the second private equity fund of IDFC Alternatives. The Bahrain-listed asset management firm acquired IDFC's PE and real estate businesses last year.
XVC, a Chinese early-stage investment firm established by Boyu Hu, formerly of DCM Ventures and Blue Lake Capital, has closed its second US dollar-denominated fund with around $330 million in commitments.
Shenzhen Capital Group is looking to raise upwards of RMB2 billion ($290 million) for its first healthcare fund as the Chinese venture capital firm continues efforts to diversify its product offering.
The winners from a widely anticipated shakeout in global credit markets will be defined by different qualities. Direct lenders expect size to be a decisive factor, while distress players prioritize nimbleness
Singapore-based venture capital firm Cocoon Capital has closed its second seed fund, targeting Southeast Asian enterprise technology start-ups, at S$30 million ($22 million).
Korean virtual reality (VR) hardware developer Moiin has announced plans to launch a $100 million venture capital fund in the US focused on immersive gaming companies globally.
SoftBank Ventures Asia – previously known as SoftBank Ventures Korea – has reached a first close of KRW317.4 billion ($269 million) on a fund that will make early-stage investments globally with a focus on Asia.
The private equity and corporate investment units of Japan’s Daiwa Securities Group have established a $30 million fund that will target growth deals in Myanmar.
A91 Partners closes its debut fund at $351 million with a plan to explore the untapped depths of the Indian business sector. Consumer, financial services, healthcare, and technology are top of mind
Implementing institutional-class governance practices at portfolio companies remains a significant hurdle for Southeast Asia-focused buyout firms, industry participants told the AVCJ Singapore Forum.
With $850 million in dry powder to deploy from its second US dollar-denominated fund, China’s Genesis Capital is targeting Series C and D rounds for start-ups on the cusp of greatness
Ilfryn Carstairs (pictured), Singapore-based CIO of global alternative investor Värde Partners, has been named CEO. He will share the role with George Hicks, the incumbent and co-founder of the firm.
Chinese early-stage investor Plum Ventures has closed its fifth angel fund with RMB532.5 million ($77.4 million) in commitments, taking its total assets under management to RMB3 billion.
Provident Capital, a Southeast Asia-focused private equity firm that is primarily active in Indonesia, is looking to raise $250 million for its second fund.
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, has closed its debut fund at $351 million.
TVS Capital Funds, a PE firm sponsored by the TVS Group and Shriram Group, has reached a second close of INR11 billion ($160 million) on its third India growth vehicle.
Fundraising has accelerated in Southeast Asia’s venture capital space in recent years, but the ecosystem remains fragile. Expansion will be difficult until GPs can prove the viability of the market to LPs
New Zealand has opened a NZ$300 million ($199 million) government-backed venture capital scheme to applications from domestic and international private fund managers.
LionRock Capital, an Asian PE firm that counts Italian football club Inter Milan among its previous investments, has launched a sports-focused fund with retailer Li Ning participating as an anchor LP.
Chinese venture capital firms and strategic investors have found their path to US tech start-ups barred by new regulations. It is possible to find a way around, but it requires compromise
Sony has joined Daiwa Capital Holdings, a subsidiary of Japan’s Daiwa Securities Group, for a JPY20 billion ($186 million) VC fund targeting start-ups in high growth industries.
Centurium Capital, a private equity firm established by ex-Warburg Pincus China head David Li (pictured), has closed its debut US dollar-denominated fund at just over $2 billion after about 15 months in the market.