Funds
Illinois Municipal re-ups in India’s True North
Illinois Municipal Retirement Fund has re-upped in the sixth fund from Indian private equity firm True North with a $10 million commitment.
Dai-ichi Life backs energy-focused Japan VC fund
Japan’s Dai-ichi Life Insurance has agreed to invest JPY1 billion ($9.1 million) in a venture fund managed by local energy and cleantech specialist Energy & Environment Investment (EEI).
Golden Gate, Hanwha target SE Asia's Series B rounds
Singapore-based venture capital firm Golden Gate Ventures has partnered with South Korea's Hanwha Asset Management to invest in Series B rounds for Southeast Asian start-ups.
NewMargin Ventures launches $1.5b RMB fund
Shanghai-based NewMargin Ventures is looking to raise up to RMB10 billion ($1.5 billion) for a renminbi-denominated fund that will focus on the defense sector.
Moonrise raises $106m for China venture vehicle
Moonrise Capital, a global venture capital-focused investment firm established by Don Pascal, formerly CEO of Commonfund Capital, has raised $105.7 million for a China fund-of-funds product.
Australia's Hostplus establishes US emerging managers program
Australian superannuation fund Hostplus has launched an investment program focused on middle-market US private equity managers with Flexstone Partners, a PE unit of Natixis.
LPs emphasize self-awareness in China GPs - AVCJ Forum
Chinese GPs that can identify where their strategies might go wrong – and therefore avoid problems before they emerge – are most likely to emerge as winners in a market characterized by rising competition and changing economic circumstances, LPs told...
Japan VC: Positive energy
Japan’s quiet venture capital space is booming within its own borders. Signs of a stronger exit market and an exuberant influx of corporate involvement are encouraging themes, but they will play out slowly
DNX Ventures launches $300m Japan-US VC fund
DNX Ventures, formerly known as Draper Nexus Ventures, has launched its third Japan-US cross-border VC fund with a target of $300 million.
Institutional investors: China access
Are concerns over trade and the economy causing US LPs to back away from Chinese private equity? The more pertinent question is whether - and how - they already have exposure to the market
Japan's Infinity Ventures targets $120m for fourth fund
Japan-based Infinity Ventures has launched its fourth fund focused on Japan and China with a target of $120 million.
TPG terminates Bill McGlashan amid US bribery scandal
TPG Capital has terminated Bill McGlashan (pictured), founder of its mid-market investment platform TPG Growth and co-founder of impact investment vehicle The Rise Fund, after he was charged this week for his role in the college bribery scandal in the...
Australia's King River launches debut VC fund
Newly established Australian venture capital firm King River Capital has confirmed the launch of its debut fund and two initial investments.
China distress: Dining on defaults
GPs expect a wave of non-performing loan sales in China as the slowing economy leaves banks with more bad debts to resolve, but could the distress investment opportunity be even broader than they envisage?
Q&A: CITIC Capital's Eric Xin
Eric Xin, a managing director with CITIC Capital, discusses the causes of China’s recent economic woes, the potential for services sector reform, and why corporate carve-outs are still flavor of the month
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.