Funds
Alteria reaches first close on India venture debt fund
Alteria Capital, an Indian venture debt firm established by InnoVen Capital co-founders Vinod Murali and Ajay Hattangdi, has reached a first close of INR3.6 billion ($54.6 million) for its debut fund.
Privatizations: Big ambitions
A boom in take-private transactions could indicate that the buyout market in Asia has reached a peak
Future Fund seeks Australia venture capital exposure
Australia’s Future Fund is close to making its first commitment to a local venture capital manager as part of ongoing efforts to take advantage of technological disruption in the global economy.
Sea’s Nick Nash to step down, launch VC firm
Nick Nash (pictured), group president of Singapore-headquartered mobile internet and gaming platform Sea, will step down at the end of 2018 to launch his own regional VC firm.
AIIB set to support Indian sovereign wealth fund
The Asian Infrastructure Investment Bank (AIIB), a Beijing-based multilateral development bank aimed at supporting infrastructure projects in the region, plans to invest up to $200 million in the Indian government-backed National Infrastructure and Investment...
Anthem seeks up to $50m for Myanmar fund
Anthem Asia has launched a Myanmar-focused private equity fund with a view to raising up to $50 million for investment in small to medium-sized enterprises (SMEs).
Asia takes emerging markets fundraising to post-crisis high - EMPEA
Emerging markets private capital fundraising – led by emerging Asia – reached its highest point since the before the global financial crisis in 2017, according to EMPEA, with capital dispersed more evenly across different strategies than ever before.
Former Bain executives target $500m Japan fund
Two former principals with Bain Capital Private Equity in Japan have established their own country-focused firm – Nippon Investment Corporation (NIC) – and are seeking to raise a $500 million fund.
Singapore to launch $76m IP commercialization vehicle
Singapore will support local start-ups through a S$100 million ($76 million) intellectual property (IP) commercialization fund, with Temasek Holdings set to provide at least half the capital.
Gobi's Victor Chua leaves to launch SE Asia VC firm
Victor Chua has left a position as vice president focusing on Southeast Asia at Gobi Partners to launch his own Malaysia-based VC firm, Vynn Capital.
NDE reaches $357m close on Fund II, raises hard cap
Chinese private equity firm NDE Capital has confirmed a third close for its second fund with $357 million in commitments, surpassing a $350 million hard cap. It has raised the targeted corpus to $450 million.
Australia's PEP launches secure assets fund
Pacific Equity Partners (PEP) has launched an Australia and New Zealand-focused secure assets fund intended to invest in companies that generate annuity income but also offer opportunities for traditional private equity-style operational improvement.
Q&A: Pacific Equity Partners' Tim Sims
Tim Sims, co-founder and managing director of Pacific Equity Partners, discusses competition in Australian private equity, approaches to co-investment, succession planning, and his firm’s secure assets fund
New Zealand PE: Hidden gem
Private equity is taking a bigger piece of New Zealand’s small economic pie. Investors must act opportunistically to exploit substantial potential in an inconspicuous but engaging middle market
Omnivore India agri fund reaches $46m first close
Omnivore Partners has reached a first close of $46 million on its second fund targeting agriculture investments in India.
India's Faering targets $200m for third fund
Indian GP Faering Capital is seeking $200 million for its third growth capital fund, with a hard cap of $250 million.
GLP, China Life establish $1.6b China logistics fund
GLP, a Singapore-headquartered warehouse operator formerly known as Global Logistic Properties that was acquired by a PE consortium last year, has established a RMB10 billion ($1.6 billion) China fund with China Life Insurance as the sole LP.
Intudo doubles debut Indonesia fund
Indonesian early-stage VC investor Intudo Ventures has raised $20 million for its debut fund - having closed the vehicle last year at $10 million but subsequently reopened it due to increased investor interest.
Advantech, Redview target $1.5b for China deals
Advantech Capital and Redview Capital – parallel entities formed following the restructuring of Chinese GP New Horizon Capital – are seeking a combined $1.5 billion for their latest funds.
Sinovation seeks $500m for China fund
Chinese early-stage venture capital firm Sinovation Ventures is looking to raise $500 million for its fourth US dollar-denominated fund.
B Capital closes Asia-US tech fund at $360m
B Capital Group, a venture capital firm established by Facebook co-founder Eduardo Saverin, has raised $360 million for a fund focused on start-ups that are ready to scale globally.
China’s JD.com, Cosmo Lady launch $159m M&A fund
Chinese online retailer JD.com has formed an M&A fund with Hong Kong-listed clothing producer and retailer Cosmo Lady. The target size is RMB1 billion ($159 million).
Hopu secures $2b first close on China fund
Hopu Investments, the China-focused private equity firm led by former Goldman Sachs banker Fang Fenglei, has reached a first close of $2 billion on its third US dollar-denominated fund.
Global investors seek more technology exposure - survey
Growth-stage technology has become an attractive investment theme for international LPs and GPs, with both groups planning to increase allocations and devote more resources to the sector, according to a private markets survey conducted by Hamilton...