Funds
Eastern Bell closes first US dollar fund at $365m
China’s Eastern Bell Capital has closed its first US dollar-denominated fund at $365 million, exceeding the target of $350 million.
Investcorp backs $500m Asia food fund
Investcorp has teamed up with China Resources and Fung Investments, the private investment arm of the founding family of Hong Kong consumer goods and supply chain conglomerate Fung Group, to raise a $500 million Asia food fund.
Q&A: TPG's Jon Winkelried
Jon Winkelried, co-CEO of TPG, on taking the helm at a founder-led firm, finding growth opportunities in complementary strategies, and negotiating a difficult year for the Rise Fund
China Everbright, Investcorp deepen China tech partnership
China Everbright and Investcorp have agreed to combine their respective China technology-focused investment teams and co-manage a recently launched fund targeting the sector.
German VC firm DTCP opens Korea office
DTCP, a Germany-based VC firm controlled by Deutsche Telekom and Korea’s SK Telecom, has opened its first Asian office in Seoul.
HQ hires AB Value's Kitamura for Japan coverage
Motoya Kitamura, previously managing partner of Japanese secondaries investor AB Value Capital Partners, has joined HQ Capital as a managing director.
Australia: VC in vogue
A handful of Australian superannuation funds have started investing directly in local start-ups as well as backing VC funds. Is buying a strip off one of these portfolios the next step?
Fund focus: AirTree goes full service
AirTree Ventures raised $188 million for its third fund on the back of a hiring spree that has doubled headcount and added operational capabilities as the firm looks to nurture a new generation of Australian unicorns
Fund focus: J.P. Gan bucks VC fundraising trend
Having spent 12 years at Qiming Venture Partners, J.P. Gan has raised $352 million for his debut fund at Ince Capital Partners. More early-stage consumer internet deals will follow
Aspirant scales up for third Japan buyout fund
Aspirant Group, a Japanese middle-market buyout firm, has closed its third fund at the hard cap of JPY50 billion ($463 million). It is nearly twice the size of the GP’s previous vehicle.
Jungle closes Southeast Asia VC fund at $240m
Singapore-based Jungle Ventures has closed its third early-stage Southeast Asia VC fund at $240 million, more than doubling the previous vintage.
KKR plans Asia tech fund
KKR plans to raise a growth-stage technology fund focused on Asia, expanding a strategy that is already operational in North America, Europe, and Israel.
L'Oréal makes LP commitment to Cathay VC fund
L’Oréal will support the second fund being raised by Cathay Innovation, the VC affiliate of Cathay Capital Private Equity. The company wants to build ties to the beauty tech start-up ecosystem in China, its second-largest market.
Advantage seeks $690m for sixth Japan buyout fund
Advantage Partners is looking to raise around JPY75 billion ($690 million) for its sixth Japan-focused middle-market buyout fund, up from JPY60 billion in the previous vintage.
Australia's AirTree closes third fund at $188m
Australia’s AirTree Ventures has closed its third fund at A$275 million ($188 million) with substantial contributions from local superannuation funds.
Ex-Qiming managing partner raises $352m for debut China fund
Ince Capital Partners, a Chinese consumer internet-focused venture capital firm established by former Qiming Venture Partners executive J.P. Gan, has closed its debut fund at the hard cap of $351.9 million.
Merck launches China seed fund
Germany-based life sciences and healthcare technology giant Merck has launched a RMB100 million ($14.1 million) seed fund targeting Chinese start-ups.
Chinese healthcare software provider raises $212m
Taimei Technology, a Chinese cloud-based software provider that serves pharmaceutical companies and clinical research organizations (CROs) has raised RMB1.5 billion ($212 million) through an extended Series E round of funding.
China's MSA receives VC fund commitment from Al Waha
China-based MSA Capital, also known as MagicStone Alternative Investments, has confirmed that Middle Eastern investor Al Waha has made an LP commitment to its second venture capital fund.
HarbourVest boosts Australia, New Zealand IR coverage
HarbourVest Partners has appointed Warwick Mancini as a principal with responsibility for investor relations in Australia and New Zealand.
Permira closes seventh global PE fund at $12b
Permira has reached a final close on its seventh global private equity buyout fund at the hard cap of EUR11 billion ($12.1 billion).
LGT closes fourth Asia fund-of-funds at $1b
LGT Capital Partners has closed its fourth Asia Pacific fund-of-funds at the hard cap of $1 billion. It had initially targeted a final close in October 2020.
India's Inventus closes third VC fund at $52m
India and US-focused Inventus Capital Partners has closed its third fund at INR3.6 billion ($52 million). It is the early-stage investor's first vehicle dedicated solely to India.
Fund focus: Hahn eyes more big buyouts
With $3.2 billion in dry powder, Hahn & Company is looking for larger deals in a Korean market that already punches above its weight in private equity terms