Fundraising
Princeling funds: Who's your daddy?
Another month, another princeling fund. Okay, so they're not that prolific but there is a familiarity to PE platforms built upon the shoulders of Chinese leaders' offspring in terms of the nature of their emergence.
Blackstone targets $4b for Asian real estate fund - report
The Blackstone Group is said to be targeting $4 billion for its Asian real estate fund, making it the largest real-estate fund ever devoted to the region.
Capital Dynamics to launch $154m Japan-focused fund-of-funds
Switzerland-headquartered asset manager Capital Dynamics plans to launch a JPY15 billion ($154 million) Japan-focused fund-of-funds. A source familiar with the matter said Japanese corporate pension funds will be among the investors in the new vehicle,...
Noah's Gopher in $80m first close on China secondaries fund
Gopher Asset Management, the private equity arm of NASDAQ-listed Noah holdings, has reached a first close of RMB500 million ($80 million) on its debut China secondaries fund.
Formation 8 raises $448m, eyes US-Asia VC opportunities
Formation 8, a start-up venture capital firm that targets US businesses with the potential to expand into Asia, has raised $448 million for its debut fund. Headquartered in Silicon Valley, the firm has eight operating professionals based out of offices...
University of Michigan commits to Morgan Stanley Private Equity Asia IV
The University of Michigan has committed $25 million to Morgan Stanley Private Equity Asia’s (MSPEA) fourth pan-regional fund. The vehicle, which reached a first close of $750 million towards the end of last year after less than six months in the market,...
Son of ex-China politburo member raises PE fund
The son of He Guoqiang, until last year the member of China's politburo standing committee responsible for policing corruption in government, has established a private equity firm called Nepoch Capital.
India’s Zephyr Peacock reaches second close on Fund III
India-focused GP Zephyr Peacock has reached a second close of $70 million on its third fund. The vehicle, which launched in November 2011, has a final target of $150 million. A first close of $50 million came one year ago.
Carlyle passes $1b mark on fourth Asia buyout fund
The Carlyle Group has raised more than $1 billion for its fourth Asia buyout fund, having reached a first close of $700 million last December, according to sources familiar with the situation. The private equity firm is targeting a final close of $3.5...
India’s Satin Creditcare raises new VC funding, Lok Capital exits
Satin Creditcare Network, a New Delhi-based microfinance institution (MFI) has raised INR410 million ($7.49 million) from three venture capital firms’ three funds. The transaction facilitates the exit of Lok Capital, an early investor in the company.
Malaysia plans $500m global halal fund
Malaysia-based specialist private equity firm Azka Capital will manage a MYR1.55 billion ($503 million) fund focused on global opportunities in the halal industry. It is expected to acquire companies in the food and agri-business sector and reorient them...
Indiareit makes two investments, plans new fund
Indiareit Fund Advisors, the real estate PE arm backed by Indian entrepreneur Ajay Piramal, has invested INR2 billion ($37 million) in real estate projects and is reportedly set to launch a $300 million offshore fund next month.
Australia’s Anchorage closes Fund II at $260m hard cap
Australia-based special situations and turnaround specialist Anchorage Capital Partners has reached a first and final close on its second fund at the hard cap of A$250 million ($260 million). The vehicle, which came in oversubscribed, spent less than...
New Mexico State Investment Council commits to Affinity Fund IV
New Mexico State Investment Council (NMSIC) has agreed to invest up to $75 million in Affinity Equity Partners’ fourth pan-Asia fund. The vehicle reached a first close of $1.5 billion in early March and has a hard cap of $3.5 billion.
IFC may anchor Thailand-focused Lakeshore fund
The International Finance Corporation (IFC) is considering a commitment of up to $20 million to Lakeshore Capital Fund I, a Thailand-focused GP that is seeking to raise $100 million.
Three Australian VC firms receive IIF backing
Venture capital funds run by M.H. Carngie & Co, GBS Venture Partners and Innovation Capital will receive A$100 million ($105 million) from the Australian government through the Innovation Investment Fund (IIF) scheme. This capital will be matched dollar-for-dollar...
Brick eagle to invest $50m in India real estate
Hong Kong-headquartered Brick Eagle Capital Advisory is planning to invest around $50 million in Indian real estate.
Australia VC: New faces
A new generation of VC firms is emerging in Australia, despite little appetite for the asset class from domestic LPs. Success hinges on leveraging Silicon Valley networks and targeting particular market niches
Indonesia webinar: Turning hype into returns
Indonesia has emerged as the next big thing in Asian PE, but there are concerns about rising valuations and whether the market is deep enough to meet expectations. Industry participants share their views
Qianhai funds win approval to raise RMB in Hong Kong - report
Chinese regulators have reportedly given the green light for private equity firms operating in Shenzhen's Qianhai region to raise renminbi offshore to invest in mainland.
Canaan Partners to invest $100m in Indian tech
Silicon Valley venture capital investor Canaan Partners is to invest $100 million in India over the next four years from its $600 million ninth fund.
China distress-focused GP Shoreline raises $303m for Fund II
Shoreline Capital, a China-focused special situations investor, has closed its second fund at $303 million. It comes after distress-focused investors in Asia raised a cumulative $2.4 billion in 2012, the highest level seen in six years.
New Jersey commits $500m to Blackstone’s debut Asia real estate fund
New Jersey Division of Investment plans to commit $500 million to The Blackstone Group’s debut Asia real estate fund. The vehicle’s existence was confirmed last December when Tony James, Blackstone’s president, told a conference that it was a “golden...
Singapore's Golden Gate Ventures eyes Series A fund
Singapore-based Golden Gate Ventures is planning to raise a second fund focusing on Series A investments in Southeast Asian tech companies. A source with knowledge of the matter said the fund would launch within 12 months, targeting around $40 million.