Funds
KKR set for $10b first close on flagship Asia fund
KKR expects to complete a first close of $10 billion on its fourth pan-Asian fund at the end of June.
HQ raises its largest-ever fund-of-funds
HQ Capital has raised $750 million for its latest global private equity fund, which will pursue primary, secondary and co-investments in Asia, Europe, and the US.
Fund focus: Cathay taps strategic expertise in energy
Cathay Capital Private Equity is raising what it claims is China's first-ever smart energy fund, relying on contributions from LPs that offer strategic as well as financial support
ESR raises $1b Korea logistics fund
Pan-Asian logistics investor ESR has raised $1 billion for its second Korea fund with support from APG Asset Management and Canada Pension Plan Investment Board (CPPIB).
Coronavirus dislocation funds: Runway watchers
Southeast Asia has emerged as a hotspot for VC funds targeting COVID-19 dislocation. They are flirting with strategies requiring private equity and short-term value investing skills
Beenext raises $160m for emerging markets, Japan funds
Singapore-based VC firm Beenext Capital Management has raised $160 million across two funds that will invest in start-ups in Japan and emerging markets.
Australia's Square Peg raises $240m for third VC fund
Australian VC firm Square Peg Capital has received initial commitments of A$350 million ($240 million) for its third fund from investors including Hostplus and AustralianSuper.
US-Singapore food tech fund to target Asia
Big Idea Ventures, a US and Singapore-based food technology investor, has launched its debut fund with a target of $50 million. Asia is a core market.
Matrix China raises $750m for Fund VI
Matrix Partners China has raised $750 million for its sixth venture capital fund for deployment in early-stage opportunities across the internet and mobile internet, financial services, healthcare, and enterprises services spaces.
Apollo, ICICI Venture end India special situations partnership
Apollo Global Management and India’s ICICI Venture have agreed to terminate Aion Capital Partners, a joint venture that manages a special situations fund in the country.
Singapore venture debt provider wins US strategic support
Singapore-based venture debt provider Genesis Alternative Ventures has secured an investment of undisclosed size for its debut fund from US-based Capria Ventures.
Singapore's Vulpes launches COVID-19 opportunities fund
Singapore-based Vulpes Investment Management has launched a special opportunities fund of undisclosed size targeting VC-backed companies struggling with the effects of COVID-19.
Cathay Capital raises $120m for China smart energy fund
Cathay Capital Private Equity has raised RMB820 million ($120 million) for its debut China smart energy fund, securing commitments from ALIAD, the venture capital arm of French industrial gases producer Air Liquide Group, among other investors.
Coronavirus & fundraising: Comfort levels
Personal contact with the manager remains a prerequisite for LPs when making fund commitments, but to what extent will recent travel restrictions change the parameters for on-site due diligence?
India's Unitary Helion rebrands as Arkam, reaches first close
Unitary Helion Ventures, an Indian VC firm founded by Rahul Chandra, has relaunched as Arkam Ventures and achieved a first close on its debut fund of INR3.25 billion ($43 million).
Singapore VCs commit $204m in COVID-19 support
Singapore government-connected VC investors Seeds Capital and EDBI have committed S$285 million ($204 million) to support local start-ups facing challenges related to COVID-19.
Korea GPs back $281m Malaysia VC fund
Korea’s SK Group, Hanwha Asset Management, and KB Investment have contributed to a MRY1.2 billion ($281 million) VC fund launched by the Malaysian government.
Kejora, SBI team up on early-stage Indonesia fund
Kejora Capital and Japan’s SBI Holdings have launched an early stage technology fund for Indonesia with a target of $30 millon.
India's Info Edge targets $100m for debut fund
Info Edge India, the holding company for Indian jobs portal Naukri, is looking to raise INR7.5 billion ($100 million) for a debut venture capital fund.
India's Iron Pillar sells GP stake to US investor
Indian venture capital player Iron Pillar Capital Management has brought in US-headquartered real estate investment firm Nitya Capital as a strategic investor.
Singapore's Antler launches India operation, targets $50m fund
Singapore-based start-up incubator Antler will launch operations in India later in the year and plans to raise upto $50 million to invest in start-ups in the country.
Basis Vectors launches $50m fund for SaaS investments
Basis Vectors, a US-headquartered investment firm established by the Indian founder of a VC-backed start-up, has raised a $50 million fund that will acquire and develop software-as-a-service (SaaS) companies.
Asia distress: Band-aids for corpses
Many companies are rolling liabilities forward, supported by accommodating government policy intended to maximize liquidity. It can't go on forever, but distress and private debt investors must be careful where they tread
Fund focus: China's Glory wins VC backing
Glory Ventures counts several larger Chinese peers among the LPs in its latest renminbi and US dollar-denominated funds. They all want a glimpse of the firm’s deep technology pipeline