Funds
Singapore's Quadria closes second healthcare fund at $595m
Quadria Capital, a Singapore-headquartered private equity firm that invests in healthcare companies across India and Southeast Asia, has raised $595 million for its second fund.
Monk's Hill raises $100m for second Southeast Asia VC fund
Singapore-based Monk’s Hill Ventures has confirmed a final close on its second Southeast Asia fund with $100 million in commitments.
Profile: Baring Asia's Jean Eric Salata
Jean Eric Salata has built Baring Private Equity Asia from a one-man-shop into a firm with $20 billion in assets, negotiating financial crises and changing economic realities. He has never been one to stand still
RTP targets Asia with $650m global fund
RTP Global, a Russia-headquartered VC firm that invests in Asia via offices in India and Singapore, has raised $650 million for its third global fund.
Australia's Business Growth Fund: Policy props
The Australian government has accumulated $365 million for a fund that will support small businesses. Private equity investors are unsure why it’s necessary and how it will be managed
China's CBC raises healthcare credit fund
CBC Group, a China-focused healthcare investor, has raised a $300 million credit fund that will issue financing to companies backed by royalties, revenue interests, and other cash flows.
Japan's I-nest Capital raises $60m for debut VC fund
I-nest Capital, a Japanese VC firm set up last year by former Mizuho Financial Group employees, has raised JPY6.6 billion ($60 million) for its debut fund. The target was JPY6 billion.
Australia PE spinouts: Into the unknown
Australia has seen plenty of spinouts in recent years, with outcomes ranging from a $2 billion first-time fund to deal-by-deal strategies. Is local LP support essential in getting wider traction?
Korea's Company K Partners launches $187m growth fund
Korean venture capital investor Company K Partners has raised KRW122 billion ($153 million) for its latest fund, which has a hard cap of KRW150 billion.
Hillhouse establishes China VC unit
Hillhouse Capital has launched a China venture capital arm under the name GL Ventures. The first fund will reportedly be RMB10 billion ($1.4 billion) in size.
CMC raises $950m for third China fund
CMC Capital Partners, a Chinese private equity firm set up by Ruigang Li (pictured), formerly president of Shanghai Media Group (SMG), has closed its third US dollar-denominated fund with more than $950 million in commitments.
Minnesota SBI backs KKR's Asia fund
Minnesota State Board of Investment (SBI) is looking to commit $150 million to KKR’s fourth pan-Asian fund. This represents a step up from the $100 million it put into the manager’s previous vehicle.
India's Blume closes Fund III at $102m
Indian venture capital investor Blume ventures achieved a final close of $102m on Blume Ventures Fund III, its third early-stage fund.
Tata Opportunities Fund team targets spin-out
The Tata Opportunities Fund (TOF) team is poised to spin-out after Tata Capital – a wholly-owned unit of India’s Tata Group – decided it did not want to continue sponsoring the franchise for a second fund.
HighLight hits $300m first close on China healthcare fund
Chinese healthcare-focused GP HighLight Capital has reached the first close of $300 million on its third US dollar-denominated fund, but further progress is likely to be delayed by the coronavirus outbreak.
CICC raises $229m for China healthcare fund
China's CICC Capital has raised RMB1.6 billion ($229 million) for its first fund dedicated to the biopharmaceutical space.
India's Inflexor seeks $100m for debut fund
Inflexor Ventures, a recently established venture capital firm, is looking to raise $100 million for its debut fund, which will focus on early-stage deals.
KKR raises $1.3b for global impact fund
KKR has closed its debut global impact investment fund with $1.3 billion in commitments. It will back companies that provide commercial solutions to environmental or social challenges, based on criteria set out in the UN sustainable development goals...
Hamilton Lane backs Legend Capital fund restructuring
Hamilton Lane has led a $200 million restructuring of a VC fund managed by China-based Legend Capital, transferring 12 investments into a new vehicle as a means of extending the holding period.
VC and age: No industry for old men
The trendy, shape-shifting world of venture capital is broadly seen as a young person’s game, although hard evidence to this effect remains in scarce supply
Sequoia seeks up to $1.35b for India, Southeast Asia
Sequoia Capital is looking to raise between $1.28 billion and $1.35 billion for its latest set of funds – comprising separate venture and growth vehicles – for deployment in India and Southeast Asia.
CDPQ, Piramal commit $300m to India private credit
Caisse de depot et placement du Quebec (CDPQ) and an asset management division of Piramal Enterprises have jointly committed $300 million to an Indian private credit platform.
Private credit: Untapped market
Recent industry feedback suggests middle-market companies across Asia will increasingly look to private credit to support future growth. Europe may offer clues as to how the expected uptake will unfold
Japan's SBI seeks $920m for technology fund
SBI Investment has launched a technology-focused VC fund, known as 4+5 Fund, with a target of JPY100 billion ($920 million).