Chinese growth capital private equity firm Maison Capital has closed its first US dollar-denominated fund at $200 million.
Investcorp, a Bahrain-listed asset manager, has made its first foray into China by committing $150 million to China Everbright’s New Economy Fund. There is an additional co-investment right of up to $100 million.
Hillhouse Capital has closed its latest fund – which will make healthcare, consumer, technology, and services investments globally, but with a focus on Asia – with commitments of $10.6 billion.
A two-year renminbi fundraising boom in China has ended abruptly due to a combination of controversy, regulatory intervention, and dwindling investor sentiment. But the market may benefit in the long term
Social Impact Partners (SIP), a Hong Kong-based venture philanthropy organization supported by several private equity firms, has closed its second fund with $2 million in commitments.
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, has committed $150 million to Quadria Capital II, the latest fund of healthcare-focused PE firm Quadria Capital.
Golden Gate Ventures has closed its third Southeast Asia-focused fund at $100 million. Like its predecessors, the oversubscribed fund will invest in start-ups using technology to disrupt traditional business models in the consumer sector.
Japan’s Pension Fund Association for Local Government Officials (Chikyoren), which has more than $200 billion in assets, has awarded a domestic private equity mandate to Alternative Investment Capital (AIC).
Lightbox Ventures has raised $178 million for its third India-focused VC fund, which is targeting a final close of $200 million by the end of the year.
GP-led restructurings are going mainstream, including complex transactions that combine primary and secondary commitments. As deal demand grows, so do concerns about risk
Franklin Templeton Investment and Asia Alternatives have agreed to form a joint venture that will provide bespoke global private equity fund-of-funds solutions.
GLP, a private equity-owned warehouse operated based in Singapore, has teamed up with GIC Private to establish a $2 billion logistics fund focused on China.
CITIC Capital has reached a first close of $1.3 billion on its latest US dollar-denominated China fund, which has an overall target of $2 billion.
Korean institutional investors are reviewing their alternatives allocations – and focusing new commitments on more liquid strategies such as credit – in anticipation of a correction in global markets.
Temasek Holdings has agreed to invest up to $400 million in India’s National Investment Infrastructure Fund (NIIF).
Special purpose acquisition companies, or SPACs, are staging a modest comeback in Asia on the back of a resurgence in the US. These structures offer considerable upside, but they aren’t for everyone
I Squared Capital, an infrastructure-focused private equity firm, has closed its second global fund at the hard cap of $7 billion.
National Australia Bank (NAB), has committed an additional A$50 million ($36 million) to its venture capital unit for investments in financial technology companies through 2020.
Asian Infrastructure Investment Bank has moved fast to forge a name for itself as a champion of often ignored developing markets. As private sector activity ramps up, long-term plans are coming into focus
Myanmar private equity firm Anthem Asia has reached a first close of $34.5 million on its debut fund, which will invest locally in small to medium-sized enterprises (SME).
Aditya Birla Capital (ABCL), the financial services arm of the Aditya Birla Group, and Värde Partners will launch a joint venture to pursue investments in stressed and distressed assets in India.
New Zealand’s Genesis Private Equity has launched its second fund focused on local small to medium-sized companies with a target of NZ$30 million ($20 million).
Sequoia Capital has closed its latest China funds with $2.5 billion in commitments across growth, venture, and seed strategies.
Korea’s economic momentum has simmered down as demographic, political and industrial evolutions suggest a structural decline. Investors are monitoring the transition with a conditional sense of optimism