Funds
TPG, CICC establish dual currency China investment platform
TPG Capital and CICC Capital, the private equity arm of China International Capital Corporation (CICC), have agreed to establish a joint platform that will make investments in US dollars and renminbi.
Macquarie's Luboff to head KKR Asia infrastructure business
KKR has named David Luboff, a former senior managing director of Macquarie Infrastructure and Real Assets (MIRA), to head its Asia infrastructure investment operations.
Fund focus: From Standard Chartered to Affirma
Standard Chartered's private equity team - now known as Affirma Capital - has finally secured its independence through a spin-out backed Intermediate Capital Group
China's K2VC severs ties with spin-out over IP breach
Chinese early-stage investor China Renaissance K2 Ventures (K2VC) has publicly attacked Next Capital - a spin-out from the venture capital firm - for allegedly stealing confidential information.
ChrysCapital raises $867m for eighth India fund
Indian private equity firm ChrysCapital has closed its eighth fund at $867 million. The vehicle was oversubscribed and the fundraising process took four months.
Venture capital: The battle to be different
VC fundraising has been on a roll in Asia as managers raise larger sums to address fast-growing investment opportunities. GPs must consider what – and how much – makes them stand out from the crowd
China Everbright closes global fund at $539m
China Everbright has reached a final close of $539 million on its cross-border investment fund, with the commitments coming from corporate investors, family offices, and fund-of-funds.
Investors turn to private markets amidst downturn fears - survey
Asian institutional investors are looking to increase allocations to private markets in order to mitigate the risks of a potential economic downturn, a new survey has found.
Shenzhen Capital hits first close on debut M&A fund
Shenzhen Capital Group has reached a first close of RMB1.8 billion ($263 million) on its debut M&A fund. The vehicle has an overall target of RMB3.6 billion.
Malaysia's Ekuinas launches fourth fund at $242m
Malaysian government-backed private equity firm Ekuinas has set up its fourth fund with MYR1 billion ($242 million) and an option to increase the corpus to MYR1.5 billion.
Lightspeed China closes US dollar fund at $560m
Lightspeed China Partners has closed its latest US dollar-denominated fund at $560 million. It is the largest fund raised by the firm to date and brings assets under management to $1.5 billion.
Axiom Asia completes $1.6b fundraise
Axiom Asia has closed its fifth regional fund-of-funds at $1.39 billion - beating the target of $1.01 billion - and also raised $210 million for its first dedicated co-investment vehicle.
Adams Street raises $824m for global fund-of-funds
Adams Street Partners has closed its latest global fund-of-funds with $824 million in commitments. It exceeds a target raise of $800 million.
AVCJ Awards 2018: Fundraising of the Year - Mid Cap: Japan Industrial Partners
With $1.4 billion in dry powder at its disposal, Japan Industrial Partners has the firepower to target a wider variety of corporate carve-out opportunities
AVCJ Awards 2018: Fundraising of the Year - Venture Capital: Sequoia Capital China
Sequoia Capital China took just two weeks to close its latest VC fund. The firm accumulated $2.5 billion in total across multiple strategies
AVCJ Awards 2018: Fundraising of the Year - Large Cap: Affinity Equity Partners
Communication and discipline helped Affinity Equity Partners complete a first and final close of $6 billion on its latest pan-Asian fund within four months
Bain closes fourth Asian fund at $4b hard cap
Bain Capital has reached a first and final close on its fourth Asia-focused private equity fund at the institutional hard cap of $4 billion. Employees of the firm and related parties will contribute a further $650 million.
TNB Ventures, Aura Group close $23m VC fund
Singapore’s TNB Ventures and Australia’s Aura Group have jointly closed a S$31.1 million ($27 million) venture capital fund that will invest in data-driven B2B companies across Southeast Asia.
FountainVest closes debut renminbi fund at $246.5m
FountainVest Partners, which has raised three US dollar-denominated China-focused funds, has closed its first renminbi vehicle at RMB1.7 billion ($246.5 million).
Natixis merges regional PE units
The asset management business of Natixis has launched a global private equity firm by merging three existing PE affiliates, including Singaporean fund-of-funds Eagle Asia Partners.
Everstone's IndoSpace closes India logistics fund at $580m
IndoSpace, a joint venture between Everstone Group and US-based Realterm Global that develops Indian industrial and logistics facilities, has closed its third fund at $580 million.
ADB backs Creador's Southeast Asia fund
Creador has raised $50 million for its fourth Southeast Asia and India-focused private equity fund from the Asian Development Bank (ADB).
Everstone, GLP to invest $500m in India logistics
Everstone Group has established a partnership with Singapore-based warehouse operator GLP to invest $500 million in India’s logistics ecosystem.
Infrastructure Capital raises $109m for Australia renewables fund
Australian specialist fund manager Infrastructure Capital has raised A$150 million ($109 million) for a renewable energy fund, including a A$100 million commitment from the government’s Clean Energy Finance Corporation (CEFC).