Funds
Australia's Allegro reaches first close on Fund III
Allegro Funds has reached a first close of more than A$200 million ($156 million) on its third fund. The Australian GP is no longer marketing to new investors and a final close near the hard cap of around A$300 million is expected before the end of the...
Japan's NSSK closes Fund II at $530m
Japanese private equity firm NSSK has closed its second fund oversubscribed with JPY60 billion ($531 million) in commitments.
LP interview: Ardian
Ardian has raised large amounts of capital on the basis of a big-ticket secondaries strategy. Jan Philipp Schmitz, a managing director with the firm, discusses where investor demand is heading
Oaktree plans Asia growth with caution
Oaktree Capital Management CEO Jay Wintrob has singled out China and India as prospective jurisdictions for increased investment activity due to local regulatory progress, even as a number of converging macro themes inspire a more cautious overall approach.
Hony backs Hong Kong VC fund
China-focused PE firm Hony Capital has agreed to back the debut fund being raised by newly-established Hong Kong VC firm Beyond Ventures. The vehicle has a target of HK$1.2 billion ($154 million).
Ex-TPG Asia head Ben Gray launches debut fund
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray (pictured), formerly co-head of TPG Capital in Asia, has launched its debut fund with a target of A$2 billion ($1.6 billion).
Hostplus commits $50m in Artesian’s China VC fund
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.
CITIC Private Equity recruits ex-CalPERS PE head
Réal Desrochers, formerly head of private equity at the California Public Employees’ Retirement System (CalPERS), has joined Beijing-based CITIC Private Equity (CITIC PE) as a managing director.
Drum Tower launches China VC fund
China-based Drum Tower Ventures has launched its first fund, with a view to raising $50 million for early-stage investments globally.
Madison India raises $230m fund
Madison India Capital has reached a final close of $230 million on its latest fund, Madison India Opportunities IV.
Fund focus: Asia Alternatives in speedy fundraise
Asia Alternatives has secured $1.8 billion for its latest fund-of-funds in less than five months on the market
Australia's PEP considers infrastructure fund
Pacific Equity Partners (PEP), currently Australia’s largest domestic buyout player, plans to raise an infrastructure fund with a view to applying operational knowhow from private equity to investments in a different asset class.
Japan's Mizuho launches $250m ASEAN fund
Japan’s Mizuho Bank has launched a private equity fund focused on middle-market companies in the ASEAN region with a target corpus of $250 million.
Asus launches $50m cross-border VC fund
Taiwan-based hardware giant Asus has launched a $50 million VC fund aimed at helping US start-ups expand in Asia.
Kedaara closes second India fund at $750m
Kedaara Capital has closed its second India-focused fund at the hard cap of $750 million after approximately six months in the market.
Energy storage: Held in reserve
Energy storage has the potential to benefit Asia’s renewable power developers and traditional utilities, but regulatory obstacles must be removed first. PE can help the industry over its current hurdles
Singapore's Insignia closes first fund at $25m
Insignia Ventures Partners, a Singapore-based VC firm founded by former Sequoia Capital India venture partner Yinglan Tan, has raised $25 million for its debut fund.
Asia Alternatives closes $1.8b fund-of-funds
Asia Alternatives has reached a final close of $1.8 billion across its fifth private equity fund-of-funds and a number of related vehicles.
GP-led secondaries: Stigmatized no more
Traditionally perceived as a recourse for private equity firms in trouble, GP-led secondary transactions are starting to be used by brand-name managers as a liquidity solution for LPs
ADB re-ups in OrbiMed's Asia healthcare fund
The Asian Development Bank (ADB) has invested $60 million in OrbiMed Asia Partners III, the third Asian private equity fund of healthcare-focused GP OrbiMed.
Malaysia Debt Ventures tech fund to invest up to $954m
Government-owned Malaysia Debt Ventures (MDV) has launched its third fund with a view to investing up to MYR4 billion ($954 million) in technology companies across the next 20 years.
IFC considers commitment to China's GenBridge
The International Finance Corporation (IFC) has proposed an investment of up to $25 million in the debut fund of GenBridge Capital, a private equity firm set up by former executives from JD.com and TPG Capital that focuses on China’s consumer sector.
Q&A: Bain Capital Credit's Barnaby Lyons
Barnaby Lyons, managing director and head of Asia at Bain Capital Credit, discusses the opportunities available in the region’s private credit space and the changing attitudes of investors toward the space
Moving time: How VCs replace start-up CEOs
From Uber to Flipkart, there are high-profile examples of founders being replaced as CEOs of their start-ups. It isn’t common practice in Asia, and for reasons of corporate culture, this isn’t likely to change