Fundraising
Allegro targets $188m for Australasia distress fund
Allegro Funds is raising a A$200 million ($188 million) vehicle that will make turnaround investments in distressed Australian and New Zealand companies.
CRCI reaches $180m first close on Fund III
China Renaissance Capital Investment (CRCI) has reached a first close of approximately $180 million on its third growth capital fund. The timing of the close was determined by the GP needing to finalize its first investment out of the new vehicle.
Ancora closes Indonesia fund at $128m
Indonesia-focused GP Ancora Capital has made a final close on its second fund at $128 million. The vehicle is currently 40% deployed, having made three investments since its launch in early 2011.
Henry Kravis on Asia
KKR co-founder Henry Kravis recently briefed a group of reporters on his firm's investment strategy in Asia, offering glimpses of a business that is rooted in private equity yet stretches well beyond it.
India’s IDFC makes $644m first close on second infra fund
IDFC Alternatives has reached a $644 million first close on its second core infrastructure fund after just eight months in the market, making it one of the largest Indian fundraises in recent times. India Infrastructure Fund II (IIF2) has a full target...
MOPE raises $155m India growth fund
Motilal Oswal Private Equity (MOP) opted for more of the same when raising its second growth capital vehicle - India Business Excellence Fund (IBEF) II - remaining focused on domestic consumption, financial services, healthcare, manufacturing and infrastructure...
Oaktree raises $700m for emerging markets distress fund - report
Oaktree Capital Management has reportedly raised more than $700 million for its first emerging markets distressed debt fund.
Japan Private Equity holds $30m first close on Fund IV
Japan Private Equity (JPE) has held a JPY3 billion ($30 million) first close on its fourth buyout fund, JPE Private Equity No.4.
Australia’s Ironbridge offers LPs secondary exit route
Ironbridge Capital has launched a hybrid structure for its latest fundraising, with investors in the Australian GP’s first two funds being given the opportunity to exit their positions or roll over into a new vehicle that will continue to manage the...
India’s Tata Capital to launch $300m Africa fund
Tata Capital plans to launch an Africa private equity fund with initial capital of about $300 million. It will focus on consumer goods, agriculture and agri-processing.
ADB to become GP
The Asian Development Bank (ADB) is to turn GP to enhance its investment capability, with a fund targeting climate change and renewable energy to launch next year.
Orion Partners to launch $250m Japan care homes fund
Hong Kong-headquartered Orion Partners, formerly known as Ajia Partners, is looking to raise as much as JPY25 billion ($250 million) for its third Japan care homes investment fund.
LeapFrog in $204m first close on emerging markets microfinance fund
Specialist microfinance investor LeapFrog Investments has reached a first close of $204 million for its second fund after just eight months in the market. The vehicle, which has a full target of $400 million, will back companies in South Asia, Southeast...
Australia's Wolseley targets $279m for Fund III
Wolseley Private Equity is targeting A$300 million ($279 million) for its third fund, which will invest in small to mid-size privately-owned businesses in Australia and New Zealand. The GP expects to see considerable opportunities in this space as founders...
Japan's Dogan closes Kyushu SME fund at $34m
Japanese GP Dogan Advisors has reached a JPY3.3 billion ($34 million) close on its latest regional fund, Kyushu BOLERO (Buyout for local enterprise and reform organization) Fund 2.
Taiwan's CID Group raises $100m for Greater China fund
Taiwanese private equity firm CID Group closed its fourth fund - which focuses on Greater China investments - at $100 million, with half the corpus coming from the GP itself.
CalSTRS alters allocation to favor inflation sensitive, illiquid assets
The California State Teachers’ Retirement System (CalSTRS) will recalibrate the long-term allocation targets of its $170 billion investment portfolio, placing greater emphasis on inflation-sensitive and illiquid assets at the expense of equities and...
Secondaries: Bifurcation point
More LP interests in Asian funds are coming onto the secondary market, but the region remains the industry’s future rather than its present. Which investors will be around to witness it coming to bloom?
Litigation funds: The justice league
Litigation financiers are increasingly looking for opportunities in Asia, many making their investments out of private equity-style funds. But do they bring the same returns?
China Fortune Link to set up RMB VC fund in Qinghai province
China Fortune Link Fund Management has rolled out a RMB100 million ($16.3 million) venture capital fund to invest in Qinghai, a province located in China's far northwest.
Australia's BlueChilli targets $10m for angel fund
Australian venture firm BlueChilli is looking to raise a $10 million angel fund for early-stage tech investments.
Lombard closes fourth Asia fund at $350m hard cap
Lombard Investments has closed its fourth Asia fund at the hard cap for institutional commitments of $350 million after 18 months in the market. It will make growth-oriented investments in companies formed and operated in Southeast Asia.
Motilal Oswal PE taps overseas, domestic LPs for $155m fund
Motilal Oswal Private Equity (MOPE) has closed its India Business Excellence Fund II (IBEF-II) at $155 million (INR10 billion).
Hamilton Lane closes third secondaries fund at $900m hard cap
Hamilton Lane has held a final close of $900 million on its Hamilton Lane Secondary Fund III, surpassing the original target of $650 million.