Funds
Japan Industrial Partners set for $1.4b fundraise
Corporate carve-out specialist Japan Industrial Partners (JIP) has closed the offshore portion of its latest fund and is poised to raise JPY102.3 billion ($996 million) in total once commitments from onshore investors are finalized. There will also be...
Fund focus: CIC fund sees upside in trade chaos
A China-Europe cross-border VC fund backed by CIC plans to back technology companies positioned to benefit from new trade dynamics
SeaLink closes debut India fund at $315 million
Indian middle-market PE firm SeaLink Capital Partners has closed its first fund at $315 million, beating its $250 million target.
Bain, Piramal target $1b for India distress fund
Bain Capital Credit and Piramal Enterprises have set a target of $1 billion for their joint venture focused on Indian distressed assets.
Partners Group launches impact investment strategy
Partners Group has launched a dedicated impact investment strategy designed to achieve attractive risk-adjusted financial returns alongside measurable, positive social and environmental impact.
Ex-Warburg Pincus China head targets $1b fund
David Li, the former head of China at Warburg Pincus, has established his own private equity firm – known as Centurium Capital – and is seeking to raise $1 billion for a debut China fund.
India's Lighthouse reaches $150m first close on Fund III
Lighthouse Funds has reached a first close of $150 million on its third India-focused growth capital fund.
Hitachi backs Japan-US cross-border GP
Hitachi has agreed to invest an undisclosed sum in a Japan-US cross-border venture capital fund managed by Geodesic Capital that will focus on social problem solving through technology.
Sinar Mas, East Ventures, Yahoo Japan form SE Asia fund
Indonesian conglomerate Sinar Mas Group, Singapore’s East Ventures and Yahoo Japan have teamed up to launch a $150 million venture capital fund targeting technology-enabled companies in Southeast Asia.
VIDEO: The Carlyle Group's Daniel D'Aniello
Daniel D'Aniello, co-founder and chairman emeritus of The Carlyle Group, discusses the evolution of private equity
Hong Kong pledges to foster local start-up ecosystem
Hong Kong plans to increase funding to two local incubation programs – Cyberport and Hong Kong Science & Technology Park (HKSTP) – in the expectation they will play a leading role in the drive to turn the territory into an innovation hub.
Fund focus: Redpoint restates its local credentials
Redpoint China Ventures has raised $110 million for its debut renminbi-denominated fund, which is expected to offer greater flexibility in backing start-ups in the early stages
India's Fireside closes first fund at $52m
Fireside Ventures, an Indian VC firm set up by Helion Venture Partners co-founder Kanwaljit Singh (pictured), has closed its debut fund at INR3.4 billion ($52 million).
Impact agenda: Attracting institutional capital
Global PE firms are launching impact funds tailored to appeal to institutional investors that have so far largely ignored the space. There will be growing pains, but the benefits should be wide-ranging
Taiwan's Ruentex Industries commits $100m to Hopu fund
Taiwan-based textiles manufacturer Ruentex Industries has committed $100 million to the third US dollar-denominated fund launched by Hopu Investments, the China-focused GP led by former Goldman Sachs banker Fang Fenglei.
HKTDC launches start-up incubation program
The Hong Kong Trade Development Council (HKTDC) has launched an incubation program for start-ups in the territory.
China's CIC sets up $184m cross-border tech fund with Ireland
China Investment Corporation (CIC) has teamed up with state-controlled Ireland Strategic Investment Fund (ISIF) to launch a EUR150 million ($184 million) cross-border technology fund.
Redpoint China closes debut RMB fund at $110m
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
HarbourVest closes flagship fund-of-funds at $1.7b
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.
Long-term capital: The patient play
Permanent and long-term capital structures are an attractive proposition for a wide range of players in Asia’s PE market, but bringing them from theory into practice presents numerous challenges
Tikehau makes $50m first close on Singapore healthcare fund
European asset management firm Tikehau Capital has reached a first close of $50 million on a healthcare-focused early stage investment fund.
Abraaj releases LPs from commitments to latest fund
The Abraaj Group is releasing investors from commitments made to its latest flagship fund – which targets growth markets in Asia and other regions – having previously decided to suspend the fundraising process in the wake of governance concerns.
Uber's Kalanick launches fund, targets China and India
Uber co-founder Travis Kalanick, who left his position as CEO of the company last year following a string of controversies, is launching an investment fund that will focus in part on China and India.
India's Prime closes third early-stage fund at $62m
Indian VC firm Prime Venture Partners has closed its latest early-stage fund at INR4 billion ($62 million).