Funds
Omidyar spins out fintech arm as Flourish Ventures
Omidyar Network, a global impact investment firm launched by eBay founder Pierre Omidyar that is an active investor in Asia, has spun out its financial technology division into a new VC firm called Flourish Ventures.
China's MSA reaches $200m first close on second VC fund
MagicStone Alternative Investments (MSA) has reached a first close of $200 million on its second venture capital fund, which will focus on technology companies in China.
LP interview: CreditEase Wealth Management
Leveraging the online and offline infrastructure of its parent’s P2P lending platform, CreditEase Wealth Management has built a channel for Chinese high net worth money to enter private equity
Salesforce launches $50m Australia VC fund
US-based enterprise software giant Salesforce has launched a $50 million venture capital fund focused on Australian technology start-ups.
AirAsia sets up venture capital fund
Malaysia’s AirAsia has launched a venture capital fund in partnership with US-based 500 Startups that will focus on digital Southeast Asian businesses in travel, logistics and financial technology.
KKR hires Goldman's Asia ex-Japan investment banking head
KKR has appointed Kate Richdale, formerly chairman of investment banking for Asia ex-Japan at Goldman Sachs, to the new position of head of strategy and business development for Asia Pacific.
Multiples targets $920m for third India fund
Multiples Alternate Asset Management is seeking INR65.3 billion ($920 million) for its third India-focused private equity fund.
Singapore investors launch $100m fintech fund
Singapore-based investors Quantum Energy Asset Management and RE Lee International Capital have launched a fund targeting $100 million for early to growth-stage financial technology start-ups.
A91 seeks $330m for debut India VC fund
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, is seeking $330 million for its debut fund.
CDH targets $1b for second China growth fund
CDH Investments is seeking approximately $1 billion for its second China growth fund, just over two years after raising $800 million for the debut vehicle.
ADIA to enter India distressed asset space
Abu Dhabi Investment Authority (ADIA) will make an anchor commitment of $500 million to an India special situations fund launched in conjunction with Kotak Private Equity.
China's Tiantu Capital closes first angel fund at $75m
Tiantu Capital has closed its debut angel investment fund at RMB500 million ($75 million), complementing the GP’s coverage for companies from early to late stages in China.
Navegar seeks $150m for second Philippines PE fund
Philippines private equity firm Navegar has launched its second growth fund focused exclusively on its home market with a target of $150 million.
Australia VC: Debutantes' ball
Long timeframes of incremental growth from a shallow base will test the staying power of a new generation of Australian venture capital funds. But confidence is running high
Q&A: Allegro Funds' Chester Moynihan
Chester Moynihan, founding partner of Australia-based turnaround specialist Allegro Funds, discusses deal sourcing, the impact of credit funds, and developing a coherent approach to operations
Australia's Quadrant plans $215m growth fund
Quadrant Private Equity is planning to raise a A$300 million ($215 million) fund focused on growth equity investments in small and medium-sized enterprises in Australia.
Japan fundraising: Getting bigger
Will the rapid increases in fund size for the likes of Japan Industrial Partners and Polaris Private Equity turn out to be the exception or the rule in Japan's middle market?
BaltCap, JBIC launch $113m Europe-Japan VC fund
Estonian private equity firm BaltCap and the Japan Bank for International Cooperation (JBIC) have launched a EUR100 million ($113 million) Europe-Asia cross-border VC fund with a focus on Japan.
Australia's Artesian launches $36m agtech fund
Australia’s Artesian Venture Partners and government-backed Grains Research & Development Corporation (GRDC) have launched a A$50 million ($36 million) agriculture technology VC fund.
Shenzhen Capital, SOSV to launch angel, growth funds
Shenzhen Capital Group and SOSV Investments have agreed to establish a China-focused angel investment fund as well as a growth stage vehicle targeting European companies.
Fund focus: EVP mines Australia's budding VC space
Driven by an existing portfolio that includes workforce management platform Deputy, Australia's EVP successfully tapped high net worth investors for its $25 million second fund
Fund focus: Intudo proves a tight focus has broad appeal
Intudo Ventures has raised $50 million for its second Indonesia-focused fund, drawing on strong support from international investors such as Founders Fund
Lilly Asia Ventures closes Fund V at $750m hard cap
Lilly Asia Ventures (LAV) has closed its fifth healthcare fund – which operates globally but primarily backs companies with a China angle – at the hard cap of $750 million. It represents a meaningful step up in size from the $450 million raised for Fund...
Singapore to invest $74m in local start-ups
Singapore’s government plans to invest S$100 million ($74 million) in Singapore-based start-ups and small and medium-sized enterprises (SMEs) in 2019, along with other measures aimed at promoting local businesses.