Fundraising
Partners Group raises $1b for Asia Pacific, emerging markets
Partners Group has raised $1 billion for its 2011 vintage Asia Pacific and emerging markets private equity programs. In addition to Asia Pacific, the programs target investments in Latin America, Eastern Europe and Africa.
KKR raises $6b for Asia fund - report
KKR is said to have reached the $6 billion target for its second pan-Asia fund. It is the largest vehicle ever raised in the region, topping the $4.25 billion raised by TPG Capital for its fifth Asia fund in 2007.
Anchorage approaches $263m close on Fund II – report
Anchorage Capital Partners will reportedly reach a final close on its latest fund at A$250 million ($263 million) as early as next month. The Australian private equity firm began fundraising in November.
2012: That was the year that was
The broad trends and particular highlights of private equity fundraising, investment and exit activity in Asia
Predictions for 2013
Growth capital, buyouts, public and private exits, secondaries and new frontiers – private equity professionals from Asia and beyond predict the future
Korean PE fundraising to surpass $7b in 2012
The aggregate amount of private equity funds raised in South Korea this year is set to surpass KRW8 trillion ($7 billion), a record high for the country.
Illinois Teachers commits up to $125m to MBK’s third fund
Illinois Teachers' Retirement System has committed up to $125 million to MBK Partners III. The pension plan previously committed $25 million to the North Asia-focused private equity firm’s second vehicle in 2008.
Partners Group raises $2.6b for global secondaries fund
Partners Group has closed its latest secondary fund at the hard cap of EUR2 billion ($2.6 billion) and expects to deploy a higher proportion of the corpus in Asia than for previous vehicles as the region’s private equity market matures. The vehicle...
Piramal’s IndiaVenture Adviors to raise $185m fund
IndiaVenture Advisors, the PE arm of Indian pharmaceuticals company Piramal Enterprises, plans to raise a fund of up to INR10 billion ($185 million) that will target healthcare and education.
US, India-focused Naya reaches first close on VC fund
Naya Ventures, a US-based VC firm that also invests in India, has reached a first close of $50 million on a fund targeting the mobile and cloud markets. Its approach involves providing capital and industry expertise to early-stage companies with a view...
Blackstone to launch Asia real estate fund
The Blackstone Group is launching an Asia real estate fund to capitalize on what Tony James, the firm’s president, described as a “golden moment” to engage in property market investment.
Asia Awards: Firm of the Year – Bain Capital
In the past 12 months, Bain Capital has raised its second Asia fund, closed sizeable deals in Japan and India, and completed a strong China exit. Jonathan Zhu, a managing director at the PE firm, looks back and forward
Asia Awards: Fundraising of the Year – PAG
Given the challenging fundraising environment, GPs – especially first-time fund managers – should expect the marketing process to be at best protracted and at worst impossible. The notion doesn’t apply to this year’s winner of the Fundraising...
Cleantech: Moving beyond subsidies
With its reputation for lackluster returns and dependence of government support, investors have shied away from cleantech, but GPs are bullish about its ability to stand on its own feet
Indiareit completes property exits, targets new fund
Indiareit Fund Advisors, the real estate PE arm of Piramal Enterprises, has raised INR4.4 billion ($80 million) on exiting three of its investments and is now preparing to raise another offshore fund worth up to $350 million.
Hamilton Lane targets $400m FOF, 15% for emerging markets
Hamilton Lane is targeting $400 million for its latest fund-of-funds vehicle, with 15% of the capital earmarked for emerging markets. According to a document sent to prospective investors, Fund VIII promises a fairly even distribution between US and European...
IFC invests $25m in Quadria Capital’s healthcare fund
International Finance Corporation (IFC), the private investment arm of the World Bank, is planning to invest $25 million into Quadria Capital’s $300 million private equity fund. The vehicle focuses primarily on healthcare sector assets across South...
Maine PERS commits $30m to Affinity’s fourth Asia fund
Affinity Equity Partners has secured a $30 million commitment for its fourth pan-Asia fund from the Maine Public Employees’ Retirement Systems (Maine PERS). It was one of four investments, each of the $30 million that the $11 billion pension plan announced...
MBK reaches first close of $1.25b on Fund III
MBK Partners has reached a first close of $1.25 billion on its third buyout fund, industry sources have told AVCJ. The vehicle launched in September and has a full target of $2.25 billion. MBK declined to comment.
India exits: Sticking point
India’s private equity industry is caught in a bind: LPs are wary of committing capital to GPs without evidence of exits, but weak capital markets – and in some cases an unwillingness to sell – are limiting liquidity
HarbourVest raises more than $3b for secondaries fund
HarbourVest Partners has exceeded the $3 billion target for its latest global secondary fund after about one year in the market. According to regulatory filings, Dover Street VIII has accumulated LP commitments of about $3.1 billion, slightly larger than...
Shanghai Private Equity Association to launch fund-of-funds
Shanghai Private Equity Association will partner with CITIC Securities and Bank of Shanghai to establish a RMB3 billion ($482 million) fund-of-funds.
Muddy Waters founder may launch hedge fund
The founder of short-seller research firm Muddy Waters, which claims responsibility for exposing financial irregularities among US-listed Chinese companies, is considering launching a hedge fund.
China Life to support Suzhou infrastructure fund
China Life has partnered with the government of Suzhou to roll out a RMB10 billion ($1.6 billion) infrastructure fund. It said to be the first private equity infrastructure fund launched by a domestic insurer.