Funds
IL&FS, Lone Star form $550m India distress partnership
India’s Infrastructure Leasing & Financial Services (IL&FS) has launched a $550 million fund to invest in domestic distressed infrastructure assets with US-based GP Lone Star Funds.
Australia's Hostplus commits $65m to seed investor Artesian
Australian superannuation fund Hostplus has committed A$85 million ($65 million) to local seed investor Artesian, taking the venture capital firm’s funds under management to more than A$150 million.
Indonesia's Kejora reaches first close on second VC fund
Indonesian VC firm Kejora Ventures has reached a first close of nearly $25 million on its second fund and plans to expand into Thailand with the support of one of its LPs, the Chareon Pokphand family, which controls local conglomerate CP Group.
K2 Global raises $183m for US-Asia VC fund
K2 Global has raised $183 million for its debut venture fund, which aims to promote cross-border development in Asian and US technology start-ups.
ChrysCapital raises $600m for seventh India fund
ChrysCapital has closed its seventh India fund with more than $600 million, beating its target.
Q&A: Adamantem Capital's Anthony Kerwick & Rob Koczkar
After more than 25 years between them at Pacific Equity Partners, Anthony Kerwick and Rob Koczkar departed in 2014 to pursue other opportunities. They have now joined forces as Adamantem Capital
CDC, Manipal launch $80m emerging markets healthcare fund
UK-based development finance institution (DFI) CDC Group has partnered with India’s Manipal Education & Medical Group for an $80 million fund targeting healthcare investments in emerging markets.
China's CITIC Group launches $873m education fund
An investment unit of Chinese conglomerate CITIC Group has launched a RMB6 billion ($873 million) buyout fund that focuses on China's education sector.
Ex-CHAMP Ventures, Quadrant executives raise $211m fund
Three former CHAMP Ventures executives have teamed up with George Penklis, a co-founder of Quadrant Private Equity, to raise a A$275 million ($211 million) Australia and New Zealand middle-market fund.
Fund focus: VIG steps up for Fund III
South Korea VIG Partners closed its third fund at the hard cap of $600 million, having won over LPs with its past history and future prospects in buying and building middle-market consumer businesses
Fund focus: Asian LPs back AGIC's cross-border proposal
AGIC Capital is targeting up to three more deals in 2017 as its debut Asia-Europe fund closes at $1 billion, having received strong support from Asian LPs
Fund focus: CITIC rides the Japan wave
CITIC Capital raises $268 million for third Japan fund, benefiting from an upturn in investor sentiment that should prove to be a boon for Japanese GPs in general
Blume Ventures forms alliance with Draper Venture Network
Draper Venture Network (DVN), a global alliance of VC investors formed by US-based Tim Draper (pictured), has chosen early-stage GP Blume Ventures as its member for India.
Q&A: True North's Vishal Nevatia
India Value Fund Advisors (IVFA) recently changed its name to True North and restructured its investment team along sector lines. Vishal Nevatia, the firm’s managing partner, explains why
VIG reaches $600m final close on third Korea fund
VIG Partners has closed its third Korea-focused fund at $600 million, with support from new and existing investors including Korea’s National Pension Service (NPS).
New Zealand's Direct Capital closes Fund V at $270m
New Zealand-based private equity investor Direct Capital has closed its fifth buyout and growth fund at NZ$375 million ($270 million).
Bain targets $750m for Asia special situations fund
Bain Capital Credit is targeting $750 million for an Asia-focused special situations fund to pursue direct lending, mezzanine debt and distressed asset opportunities across the region.
Unigestion acquires European rival Akina
Switzerland-based wealth management firm and PE fund-of-funds Unigestion has acquired the Europe-focused private equity business of its rival Akina Partners.
VIDEO: Xiaolin Zhang, Shoreline Capital
Xiaolin Zhang, co-founder and managing partner of Shoreline Capital, discusses non-performing loan (NPL) investment opportunities in China
Longreach achieves first close on North Asia buyout fund
The Longreach Group is understood to have reached a first close of approximately $200 million on its third North Asia-focused mid-market buyout fund, which has a particular focus on Japan. The full target is $650 million.
Q&A: STIC Investments' Hans Jung
STIC Investments has raised $530 million for a fund that will target restructuring opportunities involving Korean conglomerates. Executive Managing Partner Hans Jung explains the strategy
Renminbi fundraising: Policy power
The launch of several huge government-backed funds has skewed renminbi-denominated fundraising in China. What does their arrival mean for valuations and for the nascent independent LP community?
CITIC Capital closes third Japan fund at $268m
CITIC Capital Partners has achieved a final close on its third Japan buyout fund at the hard cap of JPY30 billion ($268 million). Three investments have already been made from the vehicle across retail and healthcare.
HK's Delphinium in $16m first close on female-focused fund
Delphinium Capital Partners, a Hong Kong-based GP formed by Harmony Asset Management executive Vivian Yan, has reached a first close of $16 million on its debut fund, which focuses on Asian female-led companies.