Funds
Ex-Sailing Capital partner Michael Weiss joins China's Sanpower
Michael Weiss, formerly a partner and managing director at Chinese cross-border PE firm Sailing Capital, has joined Chinese conglomerate Sanpower Group as vice president in the investment department.
Ex-Unitas CIO Eugene Suh joins CVC as Asia COO
Eugene Suh, formerly CIO at Unitas Capital, has joined CVC Capital Partners as partner and Asia chief operating officer.
Deal focus: InnoVen targets India-Southeast Asia angle
Having gained traction with its venture debt proposition in India, Innoven Capital is now following those same portfolio companies as they expand into Southeast Asia
Taiwan regulation: Forward views, sideways moves
The Taiwan government is attempting to reconcile its conservative tendencies with a need for innovation as the local venture capital industry marks mixed progress in filling an early-stage vacuum
VC value-add: Operational gambit
As competition for VC deals intensifies in Asia and capital becomes commoditized, GPs are stressing their value-add credentials. Should we believe the hype?
Baidu launches $200m VC fund to invest in AR, VR
Chinese search engine Baidu has launched a $200 million venture fund that will focus on next-generation technologies, such as augmented reality (AR) and virtual reality (VR).
Australia VC: Interesting times
AirTree Ventures' successful fundraise underlines the growth interest in Australian venture capital, but the superannuation funds have yet to prove themselves to be a consistent source of capital
Australia's AirTree raises $188m VC fund
AirTree Ventures claims to have raised Australia's largest-ever venture capital fund, having closed its latest vehicle at A$250 million ($188 million)
ABF's China cane sugar business sold to PE-backed consortium
Associated British Foods (ABF), a UK-based food processing and retailing company, has agreed to sell its cane sugar business in southern China to a PE-backed consortium led by Shenzhen-listed Nanning Sugar Industry for RMB1.68 billion ($252 million)....
China's Sinovation Ventures raises $674m across two funds
Chinese early-stage VC firm Sinovation Ventures, formerly Innovation Works, has closed its third US dollar-denominated fund and second renminbi fund, with more than $674 million in aggregate commitments.
Innovation Works launches fund with China's Zall Group
China-based early-stage investor Innovation Works, which was founded by former Google China head Kai-Fu Lee, has teamed up with Hong Kong-listed real estate developer Zall Group to launch a private equity fund.
CDPQ, KIA back ICICI-Tata power projects platform
Canadian pension plan Caisse de depot et placement du Quebec (CDPQ) and Kuwait Investment Authority (KIA) have backed a platform launched by India’s ICICI Venture and Tata Power that will invest in domestic power projects.
China logistics software start-up raises $25m Series B round
OTMS, a China-based logistics software developer, has raised a $25 million Series B round led by Weixing Chen, founder of local ride-hailing app operator Kuaidi Dache.
Deal focus: Allegro to revamp Pizza Hut's recipe
Allegro Funds plans new store expansion for Pizza Hut Australia, but first the GP and its management team partners will make operational improvements to the existing business
Korean LPs back Lindeman's $273m China fund
Lindeman Asia Investment, a South Korea and China-focused PE firm that concentrates on small and medium-sized enterprises, has launched a KRW300 billion ($273 million) fund with backing from domestic LPs.
Ex-JP Morgan China president joins local VC firm
Brett Krause, former president of J.P. Morgan Chase China, has joined PurpleSky Capital as managing partner with a view to helping the local early-stage VC firm launch a debut US dollar-denominated fund.
Allegro acquires Pizza Hut Australia
Allegro Funds has acquired Pizza Hut Australia from US owner Yum Brands alongside a local management team comprising former McDonald’s executives.
China local supermarket O2O player raises $195m
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has raised a RMB1.3 billion ($195 million) Series B round from a group of renminbi fund managers including Fortune Capital.
Q&A: Aberdeen Asset Management's Andrew McCaffery
Andrew McCaffery, head of alternatives at Aberdeen Asset Management, discusses the long-term impact of investors becoming more aggressive in their pursuit of returns, almost regardless of the risk
China online used car marketplace Renrenche raises $150m
Renrenche, a Chinese peer-to-peer second-hand car trading platform, has raised $150 million in the initial tranche of its ongoing Series D round of funding.
Apax in $102m partial exit from India's Cholamandalam
Apax Partners has made a partial exit from Indian non-banking finance company (NBFC) Cholamandalam Investment & Finance, generating proceeds of $102 million.
Australian government launches $15m cleantech fund
The renewable energy division of Australia’s Department of Industry, Innovation & Science has launched a A$20 million ($15.3 million) seed fund that will focus on domestic clean energy start-ups.
Temasek, GDP, Mistletoe in fresh round for Singapore's Garena
Singapore-headquartered mobile internet and gaming platform Garena has raised a fresh round of funding from a unit of Temasek Holdings, Indonesia's Global Digital Prima (GDP) Venture, and Japanese impact investor Mistletoe.
Singapore's Venturecraft launches $37m tech fund
Venturecraft, a Singapore-based VC investor and accelerator, has launched a new S$50 million ($37 million) investment fund aimed at early and growth stage medical technology (medtech) and internet start-ups in Asia.