Funds
AVCJ at 30: Part Five - Global Competition
Dan Carroll of Brooklands Capital Strategies, David Rubenstein of The Carlyle Group, Joseph Bae of KKR, and Jonathan Lavine of Bain Capital on the rise of global buyout firms in Asia
Australia's Allegro closes Fund III at $218m hard cap
Australia-based turnaround investor Allegro Funds has reached a final close on its third fund at the hard cap of A$290 million ($218 million) as well as raising A$92 million for a sidecar vehicle.
Cathay Capital launches $227m China automobile fund
Cathay Capital Private Equity has launched a RMB1.5 billion ($227 million) China automobile sector fund with cornerstone investments from Yangtze River Industry Fund and French auto supplier Valeo.
NSI hits first close on Fund II, backs Singapore healthcare start-up
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
IFC proposes $20m commitment to Lighthouse India fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
China's GenBridge closes debut fund at $500m hard cap
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.
China's 6 Dimensions raises $844m for debut healthcare fund
China’s 6 Dimensions Capital, which was formed through the merger of WuXi Healthcare Ventures and Frontline BioVentures, has raised approximately $844 million for its debut healthcare fund.
Australia's Quadrant closes mid-market fund at $863m
Quadrant Private Equity has closed its latest mid-market Australia and New Zealand fund at A$1.15 billion ($863 million). As with the firm’s previous two fundraises, the process took approximately one month.
Fund focus: Eight Roads fund targets Japan tech
Eight Roads Ventures has $223 million to deploy in Japan, with robotics, inbound tourism and healthcare all high on its agenda
AVCJ at 30: Part Four - Buyouts Across the Region
Joseph Skrzynski of CHAMP Private Equity, Peter Wiggs of Archer Capital, Tim Sims of Pacific Equity Partners, and Richard Folsom of Advantage Partners on the development of buyouts in Australia and Japan
Q&A: HQ Capital's Georg Wunderlin & David Pierce
Georg Wunderlin, CEO of HQ Capital, and David Pierce (pictured), the firm’s Asia head, discuss investor appetite for private equity, the popularity of separately managed accounts, and consolidation within the industry
Indian entrepreneurs drawn to corporate VC – AVCJ Forum
Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
Adams Street opens South Korea office
Adams Street Partners has established an office in Seoul in an effort to expand access to clients and investment opportunities in the region.
China Renaissance in $604m first close on renminbi fund
China Renaissance has reached a first close of RMB4 billion ($604 million) on the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm. A final close of up to RMB6 billion is expected in early 2018.
ADIA buys stake in KKR's India NBFC
The Abu Dhabi Investment Authority (ADIA) has invested in KKR India Financial Services (KIFS), an Indian non-banking finance company (NBFC) backed by KKR.
Chinese GP accused of misusing SF Express project fund
Longstand Capital, a Chinese PE fund manager, has accused industry counterpart Beijing Dabai Huicai Investment Management of taking capital intended for investment in SF Express, China’s largest express delivery services provider, and putting it into...
China's CDH seeks $2.5b for sixth US dollar fund
CDH Investments is targeting $2.5 billion for its sixth US dollar-denominated China fund, in line with the $2.55 billion the firm raised for its previous flagship vehicle in 2014.
China investors launch $77m cross-border AI fund
Chinese start-up accelerator Comb+ and the Beijing Institute of Collaborate Innovation have jointly launched a fund targeting EUR65 million ($77 million) that will invest artificial intelligence (AI) companies expanding into China.
AVCJ at 30: Part Three - The Rise of China
David Pierce of HQ Capital, Gary Rieschel of Qiming Venture Partners, Shangzhi Wu of CDH Investments, and Weijian Shan of PAG Asia Capital on China's emergence as a private equity and venture capital destination
Eight Roads launches $223m Japan fund
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has launched its second dedicated Japan fund with a corpus of JPY25 billion ($223 million). The firm’s parent committed all of the capital.
Australia's Anchorage closes special situations fund at $266m
Anchorage Capital Partners has closed its third fund, which will make special situations and turnaround investments in Australia, New Zealand and Southeast Asia, at A$350 million ($266 million).
Japan's Nomura to launch private equity unit
Nomura is reviving its private equity business with a view to participating in the founder succession and corporate divestment opportunities that are attracting a lot of interest in Japan.
India's Edelweiss raises $270m pre-IPO fund
Edelweiss Financial Services has raised a new fund to invest in pre-IPO funding rounds for Indian companies, with a corpus of INR17.5 billion ($271 million).
Tanarra raises $217m for Asia Pacific credit fund
Australia-based Tanarra Credit Partners has raised A$285 million ($217 million) for a fund that will invest in senior and mezzanine loans across the Asia Pacific region. It is targeting a final close of up to A$500 million during the first half of 2018....