Fundraising
Good Resources, Bank of China set up $5b global M&A fund
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kin-Ming Cheng, will set up a joint global MA& fund worth $5 billion in conjunction with Bank of China’s Hong Kong asset management unit.
IndEU to close debut India fund at $70m
IndEU Capital, a France-based private equity firm, will close its debut India-focused fund at $70 million before the end of the year.
India-focused ASK Capital names Evan Gallagher as CEO
India’s ASK Group has appointed Evan Gallagher, formerly of IDFC Alternatives, as CEO of Singapore-based ASK Capital Management.
High PE exposure drives Asia family office performance - study
Family offices in Asia Pacific produced the second-best performance globally in 2014, in part due to their relatively large private equity exposure, according to a new report.
Australian LPs and domestic VC: Toe in the water
Australian super funds are showing renewed interests in domestic venture capital, supporting firms that offer flexible structures with co-investment opportunities. Can this approach work for all GPs?
Fund focus: Venturra taps experience for SE Asia start-ups
Venturra Partners will draw on its founders' investment and entrepreneurial experience, plus a strategic connection to Lippo Group, as it helps Southeast Asian start-ups achieve scale
AngelList raises $400m from China’s CSC Group
Start-up funding platform AngelList has raised a $400 million early-stage focused fund from CSC Venture Capital, the US arm of private equity firm China Science & Merchants Investment Management Group, also known as CSC Group.
3Q analysis: Digital dreamers
Early- and growth-stage technology deals dominate the China investment charts; middle market fundraising enjoys a rebound; private equity investors turn to trade sales as the public markets flounder
Fund focus: Lighthouse bets on consumer sophistication
India-focused Lighthouse Funds is looking to capitalize on consumers' concern for practical needs and their desire to build better lives for their families
CMC Capital Partners to raise $1b China media fund
China’s CMC Capital Partners, a private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), is looking to raise $1 billion for a media-focused fund.
Northstar set for $800m close on Fund IV
Northstar Group is scheduled to reach a final close on its fourth fund – which targets Southeast Asia, with a particular focus on Indonesia – at approximately $800 million at the end of October.
Lippo sponsors Southeast Asia VC fund
Former Monk's Hill Ventures partner Stefan Jung has announced the launch of Venturra Capital, a new Southeast Asia-focused VC fund backed by the Lippo Group.
AGIC reaches $550m first close on China-Europe fund
Asia-Germany Industrial Promotion Capital (AGIC), a PE firm focused on China-Europe cross-border investments, has reached a first close of $550 million on its debut fund.
China’s CreditEase reaches first close on Israel fund
CreditEase, a leading Chinese peer-to-peer (P2P) microcredit lender, has reached a first close of $30 million on its debut Israel-focused fund.
2015 AVCJ Awards - voting has closed
Voting for the 2015 AVCJ Private Equity & Venture Capital Awards has closed. Many thanks for your participation.
Indonesia's Falcon House targets $300m for Fund II
Indonesian GP Falcon House Partners is targeting $300 million for its second fund and the International Finance Corporation (IFC) may once again come on board as an LP.
India’s Lighthouse reaches $138m final close on Fund II
Lighthouse Funds has reached a final close on its second Indian mid-market focused fund at $138 million, well above the $125 million target.
Q&A: OCBC's Daniel Kwan
The $392 million Lion-OCBC Capital Asia Fund I represents the first time OCBC has tapped third-party investors for a PE vehicle. Daniel Kwan, head of the mezzanine capital unit, explains the investment strategy
Fund focus: Vertex strengthens its global foothold
Vertex Venture Holdings will use its new $600 million allocation from Temasek Holdings to invest in Vertex family funds across the US, Israel and China
Anchor Equity closes second Korea fund at $850m
Anchor Equity Partners has raised $850 million for its second South Korea-focused fund, less than two years after closing Fund I at $500 million.
Vertex raises $600m for China, US, Israel investments
Vertex Ventures, the VC arm of Singapore's Temasek Holdings, has received $600 million from its parent to invest in start-ups in China, the US and Israel.
RRJ Capital closes Fund III at $4.5b
RRJ Capital has closed its third fund – which invests globally, with an emphasis on China and Southeast Asia – at $4.5 billion after approximately nine months in the market.
Singapore VC: Redressing the balance
Singapore wants local companies to set up VC funds as a means of cultivating start-ups in a wider variety of areas. Can the right balance be struck between innovation and corporate agendas?
LP interview: International Finance Corporation
The International Finance Corporation helps emerging managers in frontier markets get off the ground. However, the current priority is to back more established managers in more established markets