Fundraising
JAIC spin out WM Partners reaches first close on maiden secondaries fund
WM Partners, a venture capital secondaries fund launched last year by former JAIC CEO Moriyoshi Matsumoto, has reached a first close on its JPY5.25 billion ($50.1 million) first fund.
Blackstone passes $3b mark on Asia real estate fund
The Blackstone Group has received more than $3 billion in capital commitments for its first Asia real estate fund, which is targeting $4 billion.
Has Asian PE lost its mojo?
Rewind 14 months to the 2012 AVCJ Forum and LPs were lukewarm on Asia. Several institutional investors participating in panels said it was difficult to justify committing more than 10% of their private equity allocation to the region until risk factors...
Eastern Link raises $330m RMB fund
Eastern Link Capital, a China-focused private equity firm set up by ex-IDG Capital Partners and GF Securities professionals, has closed its second renminbi-denominated fund at RMB2 billion ($330 million).
Global PE fundraising reaches $431b in 2013 – Preqin
Private equity firms raised $431 billion globally in 2013, up 13% on 2012 levels, largely thanks to robust activity in North America and Europe. It is the highest amount in any year since the global financial crisis.
Fortress to raise $1.9b for Japan's first infra fund - report
Fortress Investment Group is said to be targeting JPY200 billion ($1.9 billion) for a new Japan-focused infrastructure fund.
Sprott, Woori win Korean mandate for $750m global resources fund
South Korea’s National Pension Service (NPS) will lead a consortium of institutional investors in putting up half the capital for a $750 million private equity fund to be managed by Canadian asset manager Sprott and Woori Asset Management. The 10-year...
CalPERS to cut 269 private equity managers
The California Public Employees' Retirement System (CalPERS) is looking to cut its number of GP relationships to less than a third of the current 389.
CVC reaches $2b first close on fourth Asia fund - report
CVC Capital Partners has reportedly had a $2 billion first close on its fourth Asian fund which is targeting a final close of $3.5 billion.
Secondaries specialist NewQuest reaches $215m first close on Fund II
NewQuest Capital Partners has reached a first close of $215 million on its second fund, which focuses on direct secondary opportunities in Asia. A final close of around $300 million – the hard cap is $330 million – is expected in the first half of...
Navis races to $860m first close on seventh Asia fund
Navis Capital Partners has reached a first close of $860 million on its seventh Asian fund after less than three months in the market.
PSERS, Louisiana Teachers commit to CVC's fourth Asia fund
CVC Capital Partners has received $175 million in commitments to its fourth Asia Pacific fund from Pennsylvania Public School Employees’ Retirement System (PSERS) and Teachers’ Retirement Systems of Louisiana (TRSL).
Sailing Capital, Shanghai New Culture Media launch $165m fund
Sailing Capital has teamed up with Shanghai New Culture Media, a Shenzhen-listed media enterprise, to launch a RMB1 billion ($165 million) culture fund.
South Korea’s Vogo raises $350m for Fund II
Vogo Investment has raised $350 million for its second South Korea-focused fund. A final close is expected early in 2014 once final negotiations on terms with a few LPs, including domestic heavyweight the National Pension Service, are completed.
2013: The year in numbers
A snapshot of the year's stand-out fundraising, investment and exit activity
Crystal ball: Predictions for 2014
From fundraising and secondaries to deal flow and exit strategies, private equity professionals from across the region give their perspective on the year to come
2013 in review: Mixed fortunes
Bifurcation in the fundraising market as LPs play it safe with managers they know; South Korea and India emerge as buyout bright spots; positive signs for IPOs after a difficult 12 months
Actis raises $1.15b for global energy fund
Actis has closed its third global energy fund - Actis Energy 3 - at $1.15 million, exceeding its original $750 million target by 50%.
Tokio Marine to launch $294m mezz fund
Tokio Marine & Nichido Fire Insurance is to launch a new mezzanine fund with a target of JPY 30 billion ($294 million).
Korea to broaden retail exposure to domestic private equity
South Korean regulators will make it easier for domestic retail investors to participate in private equity as part of a series of reforms designed to boost the country’s capital markets.
EIG raises $6b for global energy fund
EIG Global Energy Partners has reached a final close of $6 billion for its Energy Fund XVI after just 10 months in the market. The fund had a target of $4.25 billion.
Asia Awards: PE Professional of the Year - Michael Kim
MBK Partners closed its North Asia-focused fund in September and also completed four of Asia’s largest buyouts of 2013. Michael B. Kim, the firm’s founding partner, looks back on a busy 12 months
Asia Awards: Firm of the Year - KKR
KKR closed its second pan-Asia fund at $6 billion and announced investments of $1.8 billion and distributions of $1.2 billion for the year to September. Capstone, the firm’s operating unit, was a factor in each area
Sailing Capital launches cross-border RMB buyout fund
China’s Sailing Capital and its subsidiary Shanghai Sailing Industrial Capital have launched a RMB5 billion ($821 million) buyout fund, in a bid to facilitate cross-border transactions.