Funds
Carlyle seeks up to $2.8bn for Japan fund
The Carlyle Group is looking to raise as much as JPY 400bn (USD 2.8bn) for its fifth Japan fund, a 55% increase on the previous vintage, in a move that underscores robust investor sentiment on the market.
Vertex China closes Fund V on $390m
Vertex Ventures China, an early-stage investor affiliated with Temasek Holdings-owned Vertex Holdings, has closed its fifth flagship fund with USD 390m in commitments.
Japan VC draws global attention - AVCJ Forum
Japan’s venture capital market is attracting increased international attention by virtue of its relatively stable returns and a start-up-friendly policy regime, investors told the AVCJ Private Equity & Venture Forum Japan 2023.
Fund focus: Epiq renews brute force India tech strategy
Epiq Capital has closed its second VC fund aimed at identifying India’s future tech unicorns early and buying in when the path to a large IPO comes into focus. Access and selection are the secret sauce
LP interview: Dietrich Foundation
The Dietrich Foundation, which has one of the highest China PE and VC allocations of any US LP, is cautious on the market but not disengaged. Meanwhile, India and Southeast Asia are becoming more interesting
Muzinich closes debut Asia debt fund on $500m
Muzinich & Co has closed its debut Asia private debt fund on USD 500m. It aims to provide flexible financing to underserved middle market companies regionwide.
Cathay Capital raises $262m for fourth small-cap fund
Cathay Capital Private Equity has closed its fourth small-cap fund - which will make investments across Asia, North America, and Europe - on EUR 240m (USD 262m). It takes the firm's total assets under management (AUM) past EUR 5bn.
India's Epiq raises $225m for second VC fund
India’s Epiq Capital has closed its second late-stage VC fund with USD 225m in commitments, beating a target of USD 200m.
India's Omnivore hits $150m first close on third fund
India agricultural technology-focused impact investor Omnivore has reached a first close of USD 150m on its third fund, beating the overall target of USD 130m. The hard cap is USD 200m.
Hahn & Co reaches $1.9b first close on fourth Korea fund
South Korean private equity firm Hahn & Co has reached a first close of USD 1.9bn on its fourth flagship buyout fund against an overall target of USD 3.25bn.
Japan's Abies Ventures seeks $69m for Fund II, courts foreign LPs
Japanese deep-tech investor Abies Ventures has set a JPY 10bn (USD 69m) target for its second fund and is looking to tap international investors for the first time.
ResponsAbility raises $106m for climate-agri debt fund
Swiss impact investor ResponsAbility has raised USD 106m for a global climate-smart agriculture and food private debt fund that will be 40% deployed in Asia.
RTP Global collects USD 1bn for early-stage investments
RTP Global, a global early-stage venture capital firm that has made nearly 50 investments in India and Southeast Asia, has announced the launch of its fourth fund with USD 1bn in commitments.
Australia's Adamantem hits first close on environment fund
Australian middle market GP Adamantem Capital has reached a first close of AUD 150m (USD 100m) on its debut environmental opportunities fund (EOF) and made a first investment from the vehicle in food packaging business PAC Trading.
Illuminate Financial closes $235m VC fund, targets Asia
Illuminate Financial, a UK-headquartered GP with a base in Singapore, has closed its third fintech VC fund on USD 235m amidst plans to expand activity in the region.
Southeast Asia's Go-Ventures rebrands, raises $240m
Go-Ventures, an early to growth-stage investor established by Southeast Asian super app GoTo, has rebranded as Argor Capital Management and raised USD 240m for its second generation of funds.
Japan's Global Brain, Fukoku Life set up $35m VC fund
Japanese VC firm Global Brain has teamed up with Fukoku Mutual Life Insurance to set up a JPY 5bn (USD 35m) fund.
TA closes latest global fund at $16.5b hard cap
TA Associates, a global growth-oriented investor with an Asia portfolio that is relatively heavy on India and Australia, has closed its 15th fund at the hard cap of USD 16.5bn after seven months in the market.
Philippines VC firm Kaya raises $12m across two funds
Philippines-based VC investor and venture studio Kaya Founders has achieved a first close of USD 12m across two early-stage funds. The target - for both vehicles - is USD 25m.
China's Oceanpine to go heavy on green-tech in Fund III
China-focused Oceanpine Capital plans to deploy over half of its third US dollar-denominated fund – which it is currently preparing to launch with a target of USD 600m – in green-tech investments.
India's Lok seeks $200m for Fund IV, gets AIIB support
Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure Investment Bank (AIIB) for its fourth private equity fund. The target is USD 200m.
LPs eye secondaries to meet liquidity, rebalancing needs - Coller
Generating liquidity and rebalancing portfolios are the overwhelming priorities for LPs looking to sell in the secondaries market in the next two years, according to Coller Capital’s latest private equity barometer survey.
Ex-Eaton Asia head targets asset management, GP stakes
Chris Lerner, formerly of Eaton Partners and MSA Capital, has established an asset management operation that will ultimately raise an Asian fund-of-funds and teamed up with US-based Bonaccord Capital Partners to expand its GP stakes business into the...
Monolith closes debut China VC fund on $264m
Sequoia Capital China spinout Monolith Management has closed its debut venture capital fund at USD 264m, surpassing the hard cap of USD 250m.