Funds
Fund focus: EMR mines value-add experience
EMR Capital has raised $860 million for its second fund, which will focus on control deals involving copper, gold, coking coal and potash - each of which is expected to see strong demand from China
Fund focus: Long Hill aspires to specialization
With the support of his former employer, New Enterprise Associates, Xiaodong Jiang has gone independent with Long Hill Capital. Early-stage healthcare and consumer services are now in his sights
Falcon House closes second Indonesia fund at $400m
Falcon House Partners has closed its second Indonesia-focused fund at the hard cap of $400 million, buoyed by continued optimism about the rise of domestic consumption and a favorable response to the Widodo administration’s policies.
China’s Redbud Capital launches $150m VC fund-of-funds
Redbud Capital, a VC fund-of-funds unit under Tsinghua Holdings, has launched a new vehicle worth RMB1 billion ($150 million) with several government-backed agencies to invest in China venture capital funds.
Australia's EMR closes latest mining fund at $860 million
Australian resources-focused PE investor EMR Capital has reached a final close of $860 million on its second mining fund, above the target of $750 million.
PE firms well placed for China cross-border deals - AVCJ Forum
Interest in cross-border transactions among Chinese strategic players is increasing, and PE firms have a number of crucial advantages in these situations, industry players told the AVCJ Forum in Hong Kong.
China VCs tell start-ups to focus on sustainability - AVCJ Forum
China VC investors are reminding portfolio companies to pursue profitability rather than sky-high paper valuations as the market continues to rationalize following an explosion of activity in recent years.
Long Hill reaches $125m final close on debut fund
Shanghai-based venture capital firm Long Hill Capital Management, a spin-out from New Enterprise Associates (NEA), has closed its debut fund at $125 million.
India's IL&FS closes latest fund at $60m
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing and Financial Services, has reached a final close of $60 million on its latest growth fund.
New Zealand's Movac reaches $74.5m first close on tech fund
New Zealand venture capital firm Movac has achieved a first close on its fourth technology-focused fund with NZ$105 million ($74.5 million) in commitments.
Ex-Shoreline executives reform as ShoreVest, target China NPLs
ShoreVest Capital Partners is bidding on its first Chinese non-performing loan (NPL) portfolios since the core team members departed Shoreline Capital.
Singapore to ease regulations on start-ups as part of fintech push
Singapore is promising to provide venture capital firms with streamlined approval processes and tailored incentives as part of efforts to develop the fundraising landscape for local start-ups.
Japan's Future Venture Capital expands into US
Tokyo-listed VC firm Future Venture Capital (FVC) has entered the US market, establishing a presence in Fort Collins, Colorado.
Chinese LPs: Untapped potential
Still at an early stage of its development, China’s LP community has minimal exposure to offshore private equity. Institutions with big checkbooks aren’t necessarily the fastest movers
India's Centrum launches $75m PE fund
India-listed financial services company Centrum has launched a INR5 billion ($75.3 million) private equity fund to focus on domestic consumer-focused industries.
HarbourVest closes global secondaries fund at $4.8b
HarbourVest Partners has reached a final close of $4.8 billion on its latest global secondaries fund, beating the target of $3.6 billion.
KKR launches third Asian fund
KKR has launched its third pan-Asian fund, which has a target of up to $7 billion. The private placement memorandum was issued last week, according to a source familiar with the situation.
IFC proposes backing Jungle's SE Asia seed fund
The International Financial Corporation (IFC), the investment arm of the World Bank, has proposed a $2 million investment in Jungle Ventures' Southeast Asia-focused seed fund.
Singapore's Jubilee Capital in $30m first close on tech fund
Jubilee Capital, a newly formed venture investment firm based in Singapore, has reached a first close of $30 million on an early-stage technology fund targeting $100 million.
Fund focus: Blume gets early-stage boost
Blume Ventures plans a narrower approach with its second technology-focused fund
Q&A: Shoreline Capital's Xiaolin Zhang
Xiaolin Zhang, co-founder and managing partner at China-focused distress specialist Shoreline Capital, discusses the NPL opportunity and what private equity firms must do to address it
Indonesia's Convergence Ventures closes $30m tech fund
Convergence Ventures, an early-stage VC firm based in Indonesia, has reached a final close of $30 million on its debut fund.
Blockchain: Ethereal frontiers
As blockchain segments mature in Asia, private equity and venture capital investors will benefit from a range of new entry points. Pitfalls related to the technology’s obscure nature, however, will persist
Australia's Future Fund emphasizes VC, growth equity
Private equity – and in particular venture capital and growth equity – is “more important now than it has ever been” to Future Fund’s overall portfolio, the Australian sovereign wealth fund said in its annual report.