Funds
India PE outlook: Momentary frights
Investors see potential in India as valuation concerns ease, but exits and the macro picture present challenges in the short term
China's H Capital targets $700m for fifth fund
China-focused venture capital firm H Capital, founded by former Tiger Global managing partner Xiaohong Chen, is targeting $700 million for its fifth vehicle, according to a regulatory filing.
China's Linear Venture closes third fund
China’s Linear Venture has closed its third fund with a renminbi-denominated vehicle of RMB500 million ($72 million) and a US dollar-denominated vehicle of $70 million.
MassMutual sets up $50m Southeast Asia VC fund
US-based Massachusetts Mutual Life Insurance Company (MassMutual) has established a $50 million Southeast Asia-focused VC fund via its in-house financial technology investment unit.
Joy Capital seeks $300m for China opportunity fund
Joy Capital, a Chinese VC firm that spun out from Legend Capital, has launched a domestic opportunity fund with a target of $300 million.
Fenox launches $20m VC fund with Japan's Sega Sammy
Fenox Venture Capital, a VC firm based in Silicon Valley, has partnered with Japanese entertainment company Sega Sammy Holdings to launch a $20 million fund to invest in advanced technologies globally.
Shunwei raises $1.2b for fourth China VC fund
Shunwei Captial Partners, a Chinese VC firm established by Xiaomi founder Lei Jun (pictured), has closed its fourth US dollar-denominated VC fund at $1.21 billion. The firm’s assets under management (AUM) now stand at $3.3 billion across four US dollar...
Insight hits $72m second close on China healthcare fund
China’s Insight Capital has reached a second close on its latest healthcare fund with commitments of RMB500 million ($71.7 million).
Hillhouse, VMG target consumer brands
Hillhouse Capital and VMG Partners, a US-based PE firm focused on the consumer sector, have formed a strategic partnership to invest up to $100 million in innovative consumer brands worldwide.
Funds: GGV continues fund size scale-up
Applying technology to traditional industries is likely to feature prominently in GGV Capital's latest China-US fund, which has closed at $1.88 billion
Asia corporate VC: Company towns
Acceleration of development in the technology space is giving rise to a new generation of corporate VC investors. Building an identity separate from their parents is crucial to the success of these emerging firms
China to relax constraints on insurance participation in PE
China has proposed easing restrictions on insurers investing in private equity, which may help alleviate a significant slowdown in renminbi fundraising.
Korea's BonAngels secures $50m for third VC fund
South Korea-based BonAngels Venture Partners has raised $50 million for its third early-stage fund.
Australia's Acorn raises $39m VC fund
Australia-listed Acorn Capital has raised A$55 million ($39 million) for its first venture capital fund that will make Series B and expansion-stage investments.
CIC to back Japan-China industrial cooperation fund
China Investment Corporation (CIC) has reached an agreement with several Japanese financial institutions to establish a fund that will support Japanese companies looking to expand into China.
Saudi Arabia’s PIF commits $500m to China-Russia fund
Saudi Arabia’s Public Investment Fund (PIF) will invest $500 million into the Russia-China Investment Fund (RCIF), a vehicle established in 2012 by China Investment Corporation (CIC) and the Russian Direct Investment Fund (RDIF).
Bessemer closes global VC fund at $1.9b
Bessemer Venture Partners has closed BVP X, its latest global early-stage venture capital fund, at $1.85 billion.
Centurium increases hard cap on China fund to $1.98b
Centurium Capital, a private equity firm established by ex-Warburg Pincus China head David Li, has increased the hard cap on its debut fund from $1.5 billion to $1.98 billion.
Motilal Oswal closes third India fund at $325m
Motilal Oswal Private Equity (MOPE) has closed its third growth equity fund at INR23 billion ($325 million), beating its target of INR20 billion.
Philippines start-ups: Cultural baggage
The Philippines is said to be at a tipping point where growing investor interest is set to culminate in the country’s first global start-up success story. A subtle malaise, however, is offsetting expectations
Zebra Capital closes second China fund
Zebra Global Capital, a Chinese GP established by Qunar co-founder Chenchao Zhuang (pictured), has reached a final close on its second fund. The firm said its total assets under management are now around $2 billion, without disclosing the size of the...
TVS reaches $113m first close on third India growth fund
TVS Capital Funds, a PE investment firm sponsored by the TVS Group and Shriram Group, has reached a first close of INR8.3 billion ($113 million) on its third India growth fund.
Q&A: Wellington Management's Michael Carmen
Michael Carmen, a senior managing director and PE lead portfolio manager at Wellington Management, discusses the growing opportunity in the late-stage pre-IPO market and the challenges for investors
Fund focus: MSPEA takes on Thailand
Morgan Stanley Private Equity Asia raises $440 million for its first vehicle aimed at the so-far underpenetrated Thailand market