Industry
Everstone to co-manage $710m India green infra fund
Everstone Capital has been chosen by the governments of India and the UK as a co-manager of the Green Growth Equity Fund (GGEF), a PE vehicle set up to invest in sustainable infrastructure projects in India with a target of GBP500 million ($710 million).
Indonesia PE: The long game
Indonesia is an attractive market for private equity investors thanks to its strong macro fundamentals, but sourcing large-cap deals remains a protracted process as family owners look for partners they can trust
BBVA backs China Sinovation Ventures’ fourth fund
Spanish bank BBVA has committed $50 million to Chinese VC firm Sinovation Ventures’ latest US-dollar denominated fund.
Australia’s QIC receives $427m super fund mandate
The global private capital division of Australia’s QIC has received a A$550 million ($427 million) private equity mandate from domestic superannuation fund Rest.
Sequoia seeks up to $3.1b for China, India
Sequoia Capital plans to raise up to $3.1 billion for deployment in China and India across seed, venture and growth strategies.
China’s Qiming raises $1.39b across three VC funds
Qiming Venture Partners has closed two China-focused VC funds – including its sixth US dollar-denominated vehicle and fifth renminbi-denominated vehicle – and a newly-established US healthcare fund, with $1.39 billion in aggregate commitments.
Australia's Archer abandons plans for new fund
Archer Capital, one of Australia’s largest private equity players, has abandoned plans to raise a sixth fund, with founding partner and CEO Peter Wiggs (pictured) set to retire from the firm.
PAG targets $4.5b for third Asian fund
PAG Asia Capital is looking to raise $4.5 billion for its third pan-regional fund, reflecting the trend among Asia’s top-tier managers to push for ever larger pools of capital.
Fund focus: SeaLink’s patience pays off
Four years after its founders left their previous jobs with KKR in India, SeaLink Capital Partners has closed its debut fund. Now the GP is on the look-out for opportunities in the middle market
1Q analysis: The inevitable slow start
Traditional buyouts slip into the shade, allowing education and technology to shine; China IPOs and secondary buyouts stay strong in a weak exit market; fundraising suffers an early-year blip
LP interview: Hermes GPE
Hermes GPE has fine-tuned its co-investment strategy since establishing a presence in Asia. Iesan Tsai, the group’s regional head, will work with portfolio GPs or fund-less sponsors in pursuit of the right deal
Panasonic invests $100m in US-Japan VC fund
Panasonic has committed $100 million as the sole LP in a fund managed by US-based Conductive Ventures that will focus on helping technology start-ups access Japanese markets.
Japan's KDDI, Global Brain launch third VC fund
Japan’s KDDI Corporation and Global Brain have established their third VC fund with a view to investing JPY20 billion ($187 million) over the next five years.
Private equity AGMs: In the spotlight
The quality of a private equity firm’s AGM says a lot about the quality of the firm itself. LPs make their assessments based on informal conversations and observations as much as what happens on stage
PE-backed Chinese car trading platform Souche buys rival
Souche, a Chinese online car trading platform that has received investment from Alibaba Group as well as from several PE players, has acquired industry peer Cheyipai.
Saama closes fourth India VC fund at $100m
Saama Capital has closed its fourth India VC fund at the hard cap of $100 million, just over a year after closing its third vehicle at $57 million.
New Zealand's Farm Venture launches $109m agri fund
Farm Venture, a farm property investment and operations management business based in New Zealand, has launched an agribusiness fund that aims to raise NZ$150 million ($109 million).
Singapore's Pavilion commits $50m to education fund
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has agreed to invest $50 million in an education fund that will support various country-specific preschool acquisition programs.
Australia’s Blackbird raises $173m for third fund
Australian venture capital firm Blackbird Ventures has reached a first close of A$225 million ($173 million) on its third fund - including a commitment from Future Fund, the country's sovereign wealth fund.
Ryan Shelswell to replace Chris Heine as ICG's Asia head
Ryan Shelswell has been named head of Asia Pacific at Intermediate Capital Group (ICG), succeeding Chris Heine, who will retire from the company.
Macquarie closes Asia infra fund at $3.3b
Australia’s Macquarie Infrastructure and Real Assets (MIRA) has achieved a final close for its second Asia-focused infrastructure fund at the hard cap of $3.3 billion.
AVCJ daily bulletin returns April 6
AVCJ's daily bulletin will not be published on April 5 due to a public holiday in Hong Kong for the Ching Ming Festival.
CDPQ to invest in India's Fundamentum
Caisse de dépôt et placement du Québec (CDPQ) will commit $20 million in a fund managed by India-focused VC firm The Fundamentum Partnership.
Impact investment: A new breed
Global GPs have the potential to draw fresh sources of capital to Asia's impact investment funds
