Fundraising
Australian pension funds: Indecent disclosure?
The Australian government is expected to halt and wind back superannuation fund disclosure requirements that go beyond global norms. Industry participants are hopeful for the best, but mindful of the worst
Origo restructures China cleantech fund
Origo Partners has restructured its China cleantech fund - China Cleantech Partners (CCP) - taking full control of the vehicle and paving an exit for co-investor Ecofin Water & Power Opportunities (EWPO).
Morningside raises $412m across three China TMT funds
Morningside Technologies, an investment company set up by Hong Kong's Chan family - owners of property developer Hang Lung Group - has raised $412 million across three China technology-focused funds.
IFC commits $25m to Olympus' Asia environment fund
International Finance Corporation (IFC), the investment arm of the World Bank, plans to invest $25 million in Olympus Capital Asia’s latest pan-regional environment fund. The vehicle has a target size of $300 million.
GGV targets $500m for new Sino-US fund
GGV Capital, the US- and China-focused venture capital investor, is seeking $500 million for its fifth fund.
Artesian launches Australian crowdfunding platform
Early-stage venture capital firm Artesian Venture Partners has launched its equity-based crowdfunding platform – VentureCrowd – in Australia with over 200 registered investors and 36 start-ups.
Mayfield closes second India fund at $108m
Early-stage investor Mayfield has reached a final close of $108 million its second India-focused venture fund.
ClearVue Partners closes $262m China consumer fund
ClearVue Partners has closed its first fund, ClearVue Partners Fund I, at $262 million. It has exceeded the original target of $200 million.
Israeli crowdfunding platform launches in Australia
OurCrowd, an Israeli equity crowd-funding platform set up by serial entrepreneur Jon Medved, has established operations in Australia.
India's IFCI to set up $32m social venture fund
Industrial Finance Corporation of India (IFCI), the country’s oldest development finance institution, has received a government mandate to set up a venture capital fund that will support economically disadvantaged groups.
Partners Group raises $2b for PE direct investment program
Partners Group has raised EUR1.5 billion ($2 billion) for its largest-ever private equity direct investment program, adding impetus to a strategy that has so far seen two deals in Asia, both secondary acquisitions from other GPs.
JLL reaches final close on maiden India property fund
Segregated Funds Group (SFG), the private equity unit of Jones Lang LaSalle (JLL), has reached a INR1.6 billion ($27 million) final close on its maiden Indian real estate fund - short of its original INR3 billion target.
Piramal, CPPIB form $500m realty finance fund
India's Piramal Enterprises is to form a $500 million realty debt fund with CPPIB Credit Investments,, a subsidiary of the Canada Pension Plan Investment Board (CPPIB).
CITIC leads $41m China tech fund launch
A group of investors, including CITIC Capital and the Shenzhen municipal government have launched a RMB250 million ($41 million) venture fund to invest in technology companies.
Fund admin: In house or out?
Asian private equity is becoming institutionalized, with increasingly sophisticated and international LPs asking GPs to bulk up their back office capabilities. Third-party administrators sense an opportunity
WestBridge raises further $325m for India fund
WestBridge Capital has raised an additional $325 million from investors for its 2011 vintage WestBridge Crossover Fund, taking the corpus size to $850 million. The vehicle, which targets PIPE deals, is described as an evergreen fund without a specific...
Navis raises $1.3b for seventh Asia fund
Navis Capital Partners will complete fundraising for its seventh Asia vehicle next week with up to $1.3 billion in commitments from LPs. Work will then begin on a shariah-compliant parallel fund, which is expected to close in June, taking the final total...
CDH to close upsized Fund V at $2.55b
Speaking to AVCJ last year, Shangzhi Wu (pictured), chairman and managing partner of CDH Investments, addressed the issue of certain China managers’ fund sizes rising with each vintage. He put the phenomenon down to a combination of rising valuations,...
EQT’s new fund goes global
The acquisition of a 65% stake in Qinyuan Bakery in 2010 was EQT Partners’ debut food service sector investment in China. Yet the deal was familiar territory for the GP, which was able draw on previous portfolio investments in Europe, including Vaasan&Vassan,...
Auda raises $332 million for third global secondaries fund
Auda International has announced a final close on its third global secondaries fund at $332 million, exceeding the initial target of $300 million. Existing Auda investors accounted for more than 60% of the capital raised.
IDG spin-out Banyan Capital raises $206m for China fund
Banyan Capital, a China-focused VC group that spun out from IDG Capital Partners, has closed its debut fund at $206 million. High net worth individuals – primarily the founders and CEOs of companies the team backed while at IDG – contributed more...
VC firms back Irish start-ups in China
Led by the likes of Google, Facebook and LinkedIn, US tech companies have flocked to Ireland due to its EU access and business friendly policies, creating around 140,000 local jobs in the process. This has fostered spin-outs and serial entrepreneurs across...
India's National Innovation Council launches $792m fund
India's National Innovation Council (NIC) and the Ministry of Micro, Small and Medium Enterprises (MMSME) have together launched a new venture fund targeting INR50 billion ($792 million).
CDH to close China fund at $2.55b
CDH Investments will reach a final close on its fifth US dollar-denominated China fund at the end of next week, having raised the hard cap to $2.55 billion in order to accommodate investor demand.