Fundraising
G.S.K. Velu launches India VC fund
G.S.K. Velu, a former promoter of medical diagnostic chain Metropolis Healthcare, has launched a $100 million venture capital fund.
Australian LPs consider diversified approaches to PE - AVCJ Forum
Australian LPs are increasingly interested in non-traditional structures in private equity as they find that fund investment programs no longer offer the flexibility, fee burden and scale of deployment to meet their needs.
Relationships key to raising capital from family offices - AVCJ Forum
Relationship-building should underpin fundraising efforts targeting family offices, with an emphasis on understanding individual needs and motivations, industry participants told the AVCJ Australia & New Zealand Forum.
Pfingsten closes Fund V at $382m
Pfingsten Partners, a US-based GP with a presence in China and India that reflects its manufacturing-focused remit, has closed its fifth middle-market fund at $382 million, exceeding the target of $350 million.
Cybernaut China hires ex-IBM executive, launches M&A fund
China-focused PE firm Cybernaut has hired Matt Wang, formerly a vice president at IBM, as president and announced the launch of a RMB60 billion ($9 billion) M&A fund.
China PE regulation: Operation good guys
The rapid growth of online finance technology has turned China into a hotbed for illegal fundraising, with local PE fund managers drawn into the mess. Can new regulation restore investor confidence?
Telstra backs Monk's Hill Southeast Asia fund
Australia’s Telstra Ventures has made an LP commitment to Singapore-based Monk's Hill Ventures' debut Southeast Asia fund - which is targeting S$100 million ($80 million) - as part of an ongoing pivot to Asian venture capital.
Markus Ableitinger joins placement agent Pyramid
Markus Ableitinger, formerly an Asia-based managing director with Capital Dynamics, has joined placement agent Pyramid Private Equity Partners as an associate partner. He will continue to focus on Asia.
SAIF seeks $800m for China fund
SAIF Partners is targeting $800 million for its fifth Greater China fund, which will make growth investments in the technology, healthcare and cleantech sectors.
Ex-Khosla partner raises $200m for cross-border tech fund
Andrew Chung, formerly a partner at US-based Khosla Ventures, has launched his own VC firm - 1955 Capital - and reached a first close of $200 million on a cross-border technology fund.
IDG targets $200m for third India fund
IDG Ventures has launched its third India-focused fund, with a target of $200 million.
Japan's Mitsui Fudosan launches VC fund with Global Brain
31 Ventures, a venture capital firm sponsored by Japanese property developer Mitsui Fudosan, has launched a JPY5 billion ($44 million) fund with Global Brain Corporation that will invest in start-ups globally.
Asian pension funds to boost alternatives exposure - survey
Pension funds in Asia Pacific expect to increase their allocations to alternative assets over the next three years as part of efforts to boost returns and cover their liabilities, according to a new survey.
Australia VC: Policy power
Australia’s innovation agenda is intended to serve as the foundation stone of a technology-driven economy. Do the promises made to start-ups address areas where they want to see change?
Lower middle market fundraising: Early adopters
While Australia’s lower middle market still offers opportunities for conventional GPs, some managers see growing potential in alternate fund models. Skepticism is strong among their peers
TCL, Tsinghua Unigroup launch $1.5b China M&A fund
Chinese electronics manufacturer TCL Group has partnered with Tsinghua Unigroup, an investment arm of Tsinghua University, to launch an industry M&A fund with a target of RMB10 billion ($1.53 billion).
Asian GPs want training from fund administrators - survey
More than one third of Asia-based GPs would like fund administrators to provide additional training services, a demand that likely reflects growing concerns in the region about tax regulation, according to a survey.
Lightstone Ventures raises $50m Singapore fund
Lightstone Ventures has closed a $50 million fund aimed at investments in Singapore-based companies in the life-science sector.
China Perfect World launches PE fund to invest in Universal movies
China-based Perfect World Pictures has launched a private equity fund to invest in a slate of movies produced by US Universal Pictures.
GLP, CPPIB establish $877m Japan joint venture
The Japanese arm of Singapore-listed warehouse operator Global Logistics Properties (GLP) and Canada Pension Plan Investment Board (CPPIB) have established a joint venture that will invest an initial JPY100 billion ($877 million) in local logistics projects.
Direct exposure: Family offices and co-investment
Wary of blind pools and keen to play a more active role in private equity, family offices are considering direct investment opportunities. Strategies and capabilities vary, as does the level of risk
Sequoia in India: Early-stage icon
At $920 million, Sequoia Capital latest India fund is the largest ever VC vehicle raised in the country. How will the technology sector accommodate this quantum of capital?
Korea's SEMA earmarks $125m for foreign PE funds
Korea Scientists & Engineers Mutual-aid Association (SEMA), which manages more than KRW3.6 trillion ($2.9 billion) in pension assets, plans to invest half of its KRW300 billion overseas allocation for 2016 in private equity.
IMJ targets $53m for Japan venture fund
Singapore-based IMJ Investment Partners has raised JPY2 billion ($17.7 million) for a venture capital fund that will back start-ups in Japan. The full target is JPY6 billion.