Industry
Governance standards: A matter of integrity
Traditionally the overlooked, underappreciated or misrepresented facet of ESG, governance is gaining prominence in emerging markets private equity as investors reassess risk exposure
China education: Passing the test?
Capital has poured into China’s online education sector in recent years, but with losses mounting and valuations called into question, investors are finding that not all business models are created equal
Endiya reaches $40m first close of second India VC fund
Endiya Partners, an early-stage VC investor based in India, has achieved a first close of $40 million for its second fund. The target is $70 million.
PE-backed ESR closes Japan logistics fund at $1.8b
ESR, a pan-Asian logistics and fund management platform that was seeded by Warburg Pincus, has closed its latest Japan-focused fund at JPY200 billion ($1.8 billion).
Archipelago closes debut fund at $75m
Southeast Asia-focused private equity firm Archipelago Capital Partners has closed its debut fund at $75 million, and plans to raise a successor vehicle in 2020.
Everstone hires former Wipro co-head for IT investments
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
CPPIB increases co-investments, fund check sizes in Asia
Canada Pension Plan Investment Board (CPPIB) closed a record nine direct private equity deals in Asia during the 2019 financial year, while writing down one of its largest existing co-investments in the region.
EMR launches third fund with $1.3b target
Australian resources-focused private equity firm EMR Capital has launched its third fund with a target of $1.3 billion.
Vietnam PE: Proving ground
Global investors are demonstrating a more consistent sense of confidence in Vietnam as record levels of IPO and private equity activity suggest the country has largely dispelled a reputation for volatility
Impact investment faces tricky path to standardization
Impact investing has reached a “fundamental inflection point” in terms of the availability of investment opportunities and interest from LPs, but the institutionalization process is not straightforward.
Vertex raises $230m for India, Southeast Asia fund
Vertex Venture Holdings (VVH), the VC arm of Singapore’s Temasek Holdings, has reached the initial $230 million target for its fourth Southeast Asia and India fund in a single closing.
Carlyle's Rubenstein champions emerging markets
The bloom has faded from the rose in emerging markets in recent years, which means it is an opportune time to invest in these geographies, according to David Rubenstein (pictured), co-founder and co-executive chairman of The Carlyle Group.
Vietnam outbound expansion: Brands apart
A booming domestic market and lack of success stories will likely keep outbound expansion a low priority for Vietnam’s investors and entrepreneurs until a suitable market niche can be found
L Catterton's Asia team to spin-out, raise growth fund
The bulk of the L Capital Asia team that merged with Catterton in 2016 to form L Catterton, a global consumer-focused private equity firm, is spinning out to raise a $750 million Asia growth fund.
InnoVen raises $200m from Temasek, UOB
InnoVen Capital, a venture debt firm active in India, China, and Southeast Asia, has raised $200 million from its primary shareholders Temasek Holdings and United Overseas Bank (UOB).
TR targets $300m for fourth fund
Hong Kong-based secondaries specialist TR Capital is seeking to raise $300 million for its fourth private equity fund.
Q&A: MassMutual Ventures' Ryan Collins
Ryan Collins, a managing director with MassMutual Ventures, discusses being a financial rather than a strategic investor, the rise of VC in Southeast Asia, and giving entrepreneurs straight answers
Vietnam banking: Where credit is due
Vietnam’s economic future is tied to an attractive but immature and constrained banking sector. Investors are prodding the edges of a precarious opportunity set
Kejora closes growth fund at over $100m
Indonesian venture capital firm Kejora Ventures has closed its latest fund, a growth vehicle that will invest in technology businesses in Southeast Asia, with more than $100 million in commitments.
CDC anchors Global Environment Fund spin-out
UK development finance institution CDC Group has anchored a $130 million first close for a fund managed by a South Asian spin-out of US-based Global Environmental Fund Capital Advisors.
Japan's Gree rebrands as Strive, launches $137m fund
Japan’s Gree Ventures has rebranded as Strive and launched its third fund with a view to raising JPY15 billion ($137 million) for internet company investments across Japan, Southeast Asia, and India.
Asia's middle market: Lost in space
Growing fund sizes in certain Asian markets are redefining what constitutes a middle-market GP. Are these managers evolving alongside the opportunity set or careering dangerously outside of their sweet spot?
VIG hits $530m first close on fourth Korean fund
VIG Partners has reached a first close of $530 million on its fourth Korea-focused fund, with international investors accounting for more than 60% of commitments received so far.
AVCJ daily bulletin returns May 14
AVCJ's daily bulletin will not be published on May 13 due to a public holiday in Hong Kong.
