Fundraising
Partners Group looks to grow Australia investment team
Martin Scott, head of Australia at Partners Group, is taking on an expanded, investment-focused role as the firm looks to put more capital to work in Australia and New Zealand.
Alteria hits $125m first close on India venture debt fund
India-based venture debt investor Alteria Capital has announced a first close of INR 10bn (USD 125m) on its third fund, noting there is plenty of room for growth in a local VC ecosystem where debt accounts for less than 5% of all investments, compared...
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Avataar hits first close on second India growth-stage tech fund
Avataar Venture Partners, an India-based investor in growth-stage B2B technology and software-as-a-service (SaaS) companies, has reached a first close of USD 130m on its second fund. The overall target is USD 350m.
Asia PE investment sees significant drop-off in third quarter
PE investment in Asia reached USD 36.8bn in the third quarter of 2022, its lowest level since activity seized up in the early stages of COVID-19, with notable declines in India and Southeast Asia.
India's Fireside Ventures closes Fund III on $225m
Fireside Ventures, a consumer brands-focused Indian VC firm established by Kanwaljit Singh, co-founder of Helion Venture Partners, has closed its third fund on INR 18.3bn (USD 225m).
China's BA Capital raises $349m for latest renminbi fund
Black Ant Capital, also known as BA Capital, has closed its third renminbi-denominated fund on CNY 2.5bn (USD 349m), with commitments from independent fund-of-funds, government guidance funds, insurers, and corporates.
GP selection: Discriminating customers
Sizeable LPs are hardening their criteria for fund commitments in reaction to a tougher investing environment. But going with fewer, deeper relationships is an uphill climb
3Q analysis: Lean times
A flicker in India fails to disguise a miserable quarter for exits; a handful of fast fundraises snap Asia out of its slump; investment gravitates towards developed markets and manufacturing
Fund focus: Dymon Asia completes quickfire fundraise
Careful – and protracted – cultivation of prospective LPs and relatively strong performance for Southeast Asia helped Dymon Asia Private Equity secure USD 650m for its third fund
Dymon Asia closes Fund III at $650m hard cap
Dymon Asia Private Equity (DAPE) has closed its third Southeast Asia middle market private equity fund at a hard cap of USD 650m, beating a target of USD 550m.
FidelisWorld seeks up to $300m for second Asia fund
FidelisWorld, a private equity firm that invests in digitally-enabled businesses driven by consumer demand in India, is looking to raise USD 250m-USD 300m for its second fund.
India's SphitiCap targets $500m for debut VC fund
SphitiCap, a recently established early-stage VC firm in India, has announced the launch of its debut fund targeting USD 500m.
Hillhouse launches China incubation unit
Hillhouse Capital has introduced an incubation strategy that is intended to support China-based start-ups from incubation through the seed stage.
Japanese LPs: Expectation vs reality
Japan’s LP community is an alluring target for global private equity managers, even as currency depreciation and a cultural aversion to risk remain obstacles in the short and long term
Q&A: Mayer Brown's Soumitro Mukerji
Soumitro Mukerji, a partner in the banking and finance practice at Mayer Brown in Singapore, explores potential drivers of increased fund finance activity in Asian private equity
India's Motilal Oswal closes latest fund at $552m
The private equity arm of India’s Motilal Oswal Financial Services has closed its fourth flagship growth fund with INR 45bn (USD 552m) in commitments.
Japan's D Capital hits third close on debut fund
D Capital, a recently established Japanese middle-market private equity firm, has achieved a third close of JPY 27bn (USD 186.4m) on its debut fund. The target is JPY 30bn.
Elev8 targets $200m for India growth-stage fund
Elev8 Venture Partners, a newly established Indian growth-stage investor, has launched its debut fund with a target of USD 200m.
LP interview: Partners Capital
Nearly a decade after establishing a foothold in Asia, Partners Capital has acquired a string of local clients and devised a distinct, middle market-oriented approach to deploying capital in the region
Fund focus: Tower goes large with debut fund
Tower Capital Asia is repositioning itself as a large, globally connected PE firm as it transitions from deal-by-deal investing to a fund structure. Deep roots in Singapore remain the nucleus of the strategy
Gobi raises $10m for Asia seed fund
Gobi Partners has closed a USD 10m Malaysia-focused seed fund with contributions from Allianz Malaysia, Malaysia Venture Capital Management (Mavcap) and Sunway Group.
Tower Capital closes maiden SE Asia PE fund on $379m
Singapore’s Tower Capital Asia, which has historically invested on a deal-by-deal basis, has closed its debut blind pool private equity fund for Southeast Asia on USD 379m.
C Ventures rebrands, hits first close on new fund
C Ventures, a VC firm set up by Adrian Cheng, scion of Hong Kong’s New World Development, has rebranded as C Capital – reflecting steps to diversify into a multi-strategy asset manager – and reached a first close on its latest fund.