Fundraising
More than 50 Chinese PE firms suspected of illegal fundraising
More than 50 Chinese private equity firms are suspected of illegal fundraising activity, according to the head of a taskforce charged with tracking down offenders. A total of RMB16 billion ($2.6 billion) and more than 100,000 people are thought to be...
Espirito Santo, Dabur's Burmans plan to launch PE fund
The investment bank arm of Portuguese financial group Espirito Santo plans to a launch a private equity fund in partnership with the Burman family - the promoters of Indian healthcare and food company Dabur Group - to invest in medium and small-cap companies.
INCJ commits $100m to Global Brain Fund V
The government-backed Innovation Network Corporation of Japan (INCJ) will commit up to JPY10 billion ($98.7 million) to Global Brain No.5 Investment Limited Partnership, the latest vehicle launched by IT-focused VC Global Brain Corporation (GBC).
India fundraising: Uphill battle
Investor sentiment on India is weak, with LPs wary of re-upping with PE firms that have yet to prove their ability to return capital. But as underperformers drop away, life could be all the sweeter for the survivors
CBC, Sichuan Changhong to launch $41m internet fund
China Broadband Capital Partners (CBC) and Sichuan Changhong Electric, a Chinese electric goods maker, plan to launch a RMB250 million ($41 million) venture fund to invest in the cloud computing, big data, smart phone and internet industries.
ICG, Nomura set up Japan mezzanine fund
Intermediate Capital Group (ICG), a global mezzanine specialist, and Japanese investment bank Nomura Holdings have together launched a joint venture to manage a Japan-focused mezzanine fund. Each will the contribute JPY10 billion ($98 million).
Japanese pension funds must diversify - panel
Japan's public pension funds - which collectively manage more than JPY200 trillion ($2 trillion) in assets - should diversify into alternative assets, including private equity, and have greater independence to do so, according to an expert panel.
Exhilway closes $200m mines and minerals fund, targets Indonesia
Exhilway Global, a US-based hedge fund and emerging markets private equity manager, has closed its maiden mines and minerals PE fund at $200 million. The vehicle will acquire and operate mines in alliance with local companies in Indonesia, as well as...
The expanding LP universe
Big LPs make all the headlines, whether it is a large commitment to a GP or participation in a mega deal. It is therefore easy to overlook the fact that the institutional investor community is a multi-faceted and expanding creature. This is particularly...
RRJ to launch $1b real estate fund - report
RRJ Capital, the Hong Kong-based private equity firm set up by former Hopu Investment Management executive Richard Ong, is said to be launching a $1 billion real estate fund targeting investments in China.
PAG real estate arm raises $1.5b Asia fund
Secured Capital, the Japan-based real estate investment arm of PAG, has reached a $1.5 billion final close on its fifth fund - Secured Capital Real Estate Partners V - exceeding its $1 billion target.
Haitong Capital, Orient International launch RMB buyout fund
Haitong Capital, a PE arm of Haitong Securities, and Shanghai-based logistics company Orient International Enterprise have launched a renminbi-denominated buyout fund with a target of RMB3 billion ($493 million).
Investors adapt to adversity – AVCJ Forum
Flexibility and changing strategy are key to finding the best opportunities in the current adverse environment, investors told the AVCJ Forum in Hong Kong.
GLP launches $3b China logistics fund
Global Logistic Properties (GLP), a Singapore-listed warehouse developer largely owned by GIC Private, has launched a $3 billion China-focused logistics infrastructure fund, capturing the opportunities in China domestic consumption and the shortage of...
LPs look beyond the fee debate in Asia - AVCJ Forum
LPs value nurturing relations with quality fund managers more highly than driving down management fees as demand for capital continues to outstrip supply.
Dattels, Gray to lead TPG in Asia, Peel steps back
Tim Dattels, a senior partner at TPG Capital, is moving back to Asia to lead the firm’s regional private equity operations in conjunction with Ben Gray. He is replacing Stephen Peel who is withdrawing from day-to-day management.
Kedaara bucks India fundraising trend
It hasn't been a stellar year for India PE fundraising. Driven by a combination of disillusionment over past underperformance and uncertainty about the prospects for the domestic economy, until last week LPs had committed just $1.9 billion to domestic...
Armstrong’s cleantech breakthrough
When it took its maiden Southeast Asia Clean Energy Fund on the road mid 2011, Armstrong Asset Management was sailing into unchartered waters. While there have been other renewable energy funds active in the region, many have benefited from either a broader...
Industry ponders the future of fund-of-funds - AVCJ forum
Fund-of-funds still have a significant role to play in Asia despite predictions of their demise in changing LP landscape, industry participants argued at the AVCJ Forum in Hong Kong.
LPs say Asian GPs lack long-term investment model - AVCJ Forum
Global institutional investors are becoming more cautious in allocating capital to Asian private equity funds, citing the region's weakening economic performance and concerns that GPs’ short-term investment horizons are not beneficial to the broader...
Indian GPs see opportunity amidst chaos - AVCJ Forum
Indian GPs expect the current vintage of country funds to enjoy a favorable investment climate as valuations moderate and competition for deals eases, even though they acknowledge that LP sentiment in many cases remains weak.
GPs upbeat on changing LP base - AVCJ Forum
While some LPs may have retreated from the asset class in recent years, private equity firms are increasingly identifying new sources capital as other investors - either from Asia or looking to tap Asia - remain eager to allocate.
Armstrong reaches $164m final close on SE Asia cleantech fund
Armstrong Asset Management has reached a final close of $164 million on its Southeast Asia Clean Energy Fund. With additional commitments coming from French development finance institution (DFI) Proparco and Geneva-based Unigestion, the fund was able...
Kedaara closes debut India fund at $540m, rupee vehicle to follow
Kedaara Capital, a private equity firm led by former Temasek India head Manish Kejriwal, has reached a final close on its debut fund at $540 million. A rupee-denominated fund, which will co-invest alongside the US dollar fund on a pro rata basis, is in...