Funds
Stellaris reaches $50m first close on India VC fund
Stellaris Venture Partners, a Indian venture capital firm that spun out from Helion Venture Partners, has reached a first close of $50 million on its debut fund. The full target is $100 million.
IFC considers $20m commitment to IDG India fund
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $20 million in IDG Ventures’ third India-focused fund.
Indonesia's BCA launches fintech investment unit
Indonesia’s Bank Central Asia (BCA) has launched a venture capital investment arm that will focus on financial technology.
IDG Capital: Jack of all trades
IDG Capital has agreed to buy its parent, International Data Group's investment unit. It is the latest in a string of bold moves as IDG Capital looks to broaden its business - but how broad is too broad?
China Everbright reaches second close on global fund
China Everbright has reached a second close of $294 million on its cross-border investment fund.
India's Endiya closes debut fund at $26m
Indian early-stage VC firm Endiya has reached a final close of INR1.75 billion ($25.7 million) on its debut fund.
European investors commit $25m to Indian VC Aavishkaar
India-based impact investment firm Aavishkaar-Intellecap Group has raised $25 million from Triodos Investment Management and the Shell Foundation.
NYSTRS commits $100m to MBK's fourth North Asia fund
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to MBK Partners’ fourth North Asia buyout fund, which closed at $4.1 billion in December 2016.
Fund focus: TukTuks answers call for Thai exposure
Domestic high net worth individuals and corporates are the major contributors as 500 Startups closes its debut Thailand venture capital fund above target at $15.4 million
LP interview: The Dietrich Foundation
The Dietrich Foundation has an unusually large allocation to PE and VC, and to China venture capital in particular. CIO Edward J. Grefenstette discusses the considerations that underpin this exposure
China launches $15b internet investment fund
China’s Ministry of Finance and the Cyberspace Administration of China (CAC) - the country's internet oversight agency - have launched an internet-related investment fund with a target of RMB100 billion ($15 billion).
Tokio Marine secures $363m second close on Japan fund
Tokio Marine Capital has reached a second close of JPY41.7 billion ($363 million) on its latest Japan mid-market fund. The full target is JPY50 billion.
IDFC to expand platform investments in Fund IV
IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group, plans to continue its strategy of building platforms with its fourth fund.
Saama in $57m final close on India VC fund
Saama Capital has closed its third India venture capital fund at $57 million, above the target of $50 million.
China fundraising: Venture rising?
With the pace of fundraising picking up in China's venture capital industry, offshore LPs face challenges keeping up with the latest developments
India's IVFA rebrands as True North
India Value Fund Advisors (IVFA) has changed its name to True North (Managers) and formalized its sector specialist strategy.
Fund focus: INSEAD alumni pay it forward
INSEADAlum Ventures, a seed-stage investor focused exclusively on INSEAD alumni, has raised its debut fund from a group of graduates keen to give back to the school where they got their start
VIDEO: Ilfryn Carstairs, Värde Partners
Ilfryn Carstairs, co-CIO of Värde Partners, discusses distress and structured credit opportunities globally and in Asia
India's OIJIF reaches $220m first close on second fund
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the State General Reserve Fund of Oman (SGRF) and the State Bank of India (SBI), has reached a first close of $220 million on its latest fund.
Ex-TPG Asia head Ben Gray targets $1.5b Australia fund
Ben Gray, the Australia-based former co-head of TPG Capital’s Asia operations, is looking to raise A$2 billion ($1.5 billion) for an Australia and New Zealand-focused fund.
Australia's AMP closes global infrastructure fund at $2.4b
Australia’s AMP Capital has reached a final close of $2.4 billion on its second global infrastructure fund, exceeding the target of $2 billion.
Carlyle promotes SE Asia buyout head Sunil Kaul to partner
The Carlyle Group has promoted Sunil Kaul (pictured), who leads buyout operations in Southeast Asia, from managing director to partner. His is one of 62 senior promotions announced by the firm, of which 15 are Asia-based professionals.
TPG targets up to $4.5b for seventh Asia fund
TPG Capital is seeking between $4 billion and $4.5 billion for its seventh pan-Asian fund, having closed the previous vehicle at $3.3 billion in 2014 after a challenging two-year-plus process.
Profile: SMC Capital's Hamilton Tang
Hamilton Tang learned about Chinese business the hard way, setting up a cinema joint venture in the 1990s. Now he offers funding and expertise to domestic entrepreneurs as managing partner of SMC Capital