Funds
Hamilton Lane raises its largest-ever global secondaries fund
Hamilton Lane has closed its latest global secondaries fund at $1.9 billion. It is the largest secondaries vehicle the firm has ever raised, coming in at more than twice the size of the previous fund.
L Catterton targets $1.25b for third Asia fund
L Catterton Asia – the regional arm of L Capital, which merged with US-based Catterton last year – is looking to raise $1.25 billion for its third fund.
Fund focus: Safe hands
With $9.3 billion in dry powder, KKR aims to capitalize on growing big-ticket opportunities in the region. The large and rapid fundraise is further evidence of the flight to quality among LPs
Legend raises $448m for seventh China VC fund
Legend Capital has closed its seventh China-focused venture capital fund at $448 million. The vehicle is smaller than the firm’s previous vehicle – which raised $500 million in about five months – and spent longer in the market.
Sequoia discloses China, India fundraising activity
Sequoia Capital has topped up its fourth India fund – having closed the fifth country vehicle early last year – and disclosed that its most recent China growth vehicle closed at $899.5 million.
Fund focus: Lyfe attracts a diversified following for Fund II
Having been supported by fund-of-funds when raising its first China healthcare vehicle, Lyfe Capital has added pension funds, endowments and family offices to its $420 million second fund
Asia Alternatives gets $100m from Minnesota SBI
Minnesota State Board of Investment (SBI) has committed to $100 million to Asia Alternatives’ fifth fund-of-funds, having recently increased its exposure to the region through vehicles managed by Warburg Pincus and KKR.
KKR closes third Asian fund at $9.3b
KKR has closed its third pan-regional fund at $9.3 billion, breaking its own record for the largest pool of private equity capital ever raised for deployment in Asia. The fundraising process took less than seven months and the vehicle is said to have...
Fund focus: Gree widens its regional scope
For its $67 million second fund, Gree Ventures has added India to its existing Japan and Southeast Asia coverage with a view to facilitating wider cross-border collaboration
China’s Lyfe Capital raises $420m for second healthcare fund
China-based healthcare specialist Lyfe Capital has raised more than $420 million for its second fund, which comprises parallel US dollar and renminbi-denominated tranches.
Helion co-founder launches $100m India fintech fund
Rahul Chandra, co-founder and managing director at India-based Helion Venture Partners, is looking to raise $100 million for an early-stage fund. He will retain his existing portfolio management responsibilities at Helion.
Bain to buy $200m Chinese NPL portfolio
Bain Capital Credit (BCC) has agreed to buy a portfolio of Chinese non-performing loans (NPLs) worth approximately $200 million, reflecting the growing interest from foreign investors in the country’s distressed debt space.
Big beast: The SoftBank Vision Fund
SoftBank's global technology fund is significant enough to redraw the private equity investment opportunity in certain industries, if not to redraw the industries themselves
Japan’s Gree Ventures closes second fund at $67m
Gree Ventures, which was set up by Japanese mobile gaming company Gree, has closed its second early-stage VC fund at $67 million.
Australia's CHAMP PE closes Fund IV at $547m
CHAMP Private Equity has reached a final close of A$735 million ($547 million) on its fourth Australia and New Zealand-focused fund.
Frontline BioVentures merges with WuXi Ventures
Chinese healthcare specialists Frontline BioVentures and WuXi Healthcare Ventures have merged, forming a new investment firm called 6 Dimensions Capital.
SoftBank achieves $93b first close on global tech fund
SoftBank Group Corp. has reached a first close of more than $93 billion on its global technology investment fund. A final close of $100 billion is expected within six months.
Lightspeed China closes debut renminbi fund at $87m
Lightspeed China Partners has closed its first renminbi-denominated venture fund at RMB600 million ($87 million).
Arbor targets $220m for second VC fund, IFC set to invest
The International Finance Corporation (IFC) is considering an investment of $15 million in Hong Kong-based Arbor Ventures’ second VC fund, which has an initial target of $220 million.
China aerospace player launches $22b tech fund
China Aerospace Science & Technology Corporation (CASC) has launched a RMB150 billion ($22 billion) fund with a group of state-owned enterprises (SOEs) to invest in new technologies.
Shaw Kwei seeks $800m for Asia fund
Shaw Kwei & Partners, a middle-market private equity firm that primarily focuses on the industrial, manufacturing and services sectors in Asia, is targeting $800 million for its fourth fund.
Highland closes Asia, US healthcare fund at $147m
Highland Capital Management has raised approximately $147 million for an Asia and North America-focused healthcare fund, having received an anchor LP commitment from South Korea’s National Pension Service (NPS).
IFC set to back Stellaris' debut India VC fund
The International Finance Corporation (IFC) is considering a $10 million commitment to the debut fund of Stellaris Venture Partners, a spin-out from Indian VC firm Helion Venture Partners.
Q&A: Armstrong Asset Management's Andrew Affleck
Andrew Affleck, managing partner of Singapore’s Armstrong Asset Management, explains the role private equity investors can play in developing renewable energy assets in Southeast Asia