Industry
Realism on exits essential in Southeast Asia – AVCJ Forum
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Fund focus: A91 scouts overlooked VC opportunities
A91 Partners closes its debut fund at $351 million with a plan to explore the untapped depths of the Indian business sector. Consumer, financial services, healthcare, and technology are top of mind
Profile: Traveloka’s Hendrik Susanto
Hendrik Susanto left a career in private equity and venture capital to head Traveloka’s inorganic growth strategy. The new role harnesses investment expertise to build a longer-lasting company
Investors challenged by governance in SE Asia – AVCJ Forum
Implementing institutional-class governance practices at portfolio companies remains a significant hurdle for Southeast Asia-focused buyout firms, industry participants told the AVCJ Singapore Forum.
Fund focus: Genesis targets China's tech inflection points
With $850 million in dry powder to deploy from its second US dollar-denominate fund, China’s Genesis Capital is targeting Series C and D rounds for start-ups on the cusp of greatness
Portfolio company boards: Gurus wanted
Filling board seats for portfolio companies is more art than science in both private equity and venture capital. Investors must approach the challenge with flexible playbooks
Asia-based Ilfryn Carstairs to become co-CEO of Värde
Ilfryn Carstairs (pictured), Singapore-based CIO of global alternative investor Värde Partners, has been named CEO. He will share the role with George Hicks, the incumbent and co-founder of the firm.
China's Centurium names Michael Chen as partner
China’s Centurium Capital has appointed Michael Chen (pictured), formerly an investor with Warburg Pincus, as a partner and managing director.
Southeast Asia PE: Integration angst
Slow progress in the effort to improve Southeast Asia’s multilateral economic cooperation reveals deep rooted challenges for investors, including cultural and regulatory barriers
Plum Ventures raises $77m for China angel fund
Chinese early-stage investor Plum Ventures has closed its fifth angel fund with RMB532.5 million ($77.4 million) in commitments, taking its total assets under management to RMB3 billion.
Culture is key to a sustainable spin-out - AVCJ Forum
Making a private equity spin-out work is as much about cultivating a transparent culture within the team as identifying an underserved market segment, industry participants told the AVCJ USA Forum.
Q&A: Jupiter Impact Partners' Melissa Kang
Melissa Kang helped raise Morgan Stanley’s first global impact fund before striking out on her own with Jupiter Impact Partners. She explains why Southeast Asia should prove fertile ground for the strategy
Temasek trims investment pace as performance stutters
Annual divestments by Singapore’s Temasek Holdings exceeded investments for only the second time in a decade against a backdrop of challenging market conditions and weaker returns.
Southeast Asia buyouts: Flexibility first
Southeast Asia has yet to deliver a consistent stream of large-cap buyout deals. Private equity investors must be creative, flexible and patient in trying to crack the market
Southeast Asia exits: Greener pastures
Southeast Asia’s internal growth and rising appeal among global investors in recent years have fed expectations that PE and VC exits will follow. The logic is sturdy but detailed projections are elusive
Southeast Asia's Provident Capital seeks $250m for Fund II
Provident Capital, a Southeast Asia-focused private equity firm that is primarily active in Indonesia, is looking to raise $250 million for its second fund.
2Q analysis: Mixed fortunes
Second quarter analysis: Spin-outs reflect challenges for China fundraising; weak buyout activity continues to hold back Asia PE investment; Korea heads the exit charts as China falls back
India's A91 closes debut fund at $351m
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, has closed its debut fund at $351 million.
TVS reaches $160m second close on India growth fund
TVS Capital Funds, a PE firm sponsored by the TVS Group and Shriram Group, has reached a second close of INR11 billion ($160 million) on its third India growth vehicle.
Southeast Asia VC: Waiting for the breakout
Fundraising has accelerated in Southeast Asia’s venture capital space in recent years, but the ecosystem remains fragile. Expansion will be difficult until GPs can prove the viability of the market to LPs
New Zealand opens $200m VC scheme to private managers
New Zealand has opened a NZ$300 million ($199 million) government-backed venture capital scheme to applications from domestic and international private fund managers.
Fund manager due diligence: Culture club
Truly understanding a GP involves digging beneath the track record and presentations into the human dynamics that can make - or break - a team
LionRock teams up with Li Ning for China sports fund
LionRock Capital, an Asian PE firm that counts Italian football club Inter Milan among its previous investments, has launched a sports-focused fund with retailer Li Ning participating as an anchor LP.
China VC and US regulation: Defensive positions
Chinese venture capital firms and strategic investors have found their path to US tech start-ups barred by new regulations. It is possible to find a way around, but it requires compromise
