Fundraising
Noah launches China real estate fund
China's rapid economic expansion over the past decade has created a large pool of millionaires but onshore investment options remain limited. Those keen to avoid negative real interest on bank deposits, have traditionally put their money into stocks (at...
Maui Capital appeals to the masses
Between now and the end of May, around 900 New Zealand investors are expected to sign up as LPs in Maui Capital’s new fund. With commitments ranging from NZ$100,000 ($81,000) to NZ$20 million, they are only expected to account for around two thirds...
Washington State Investment Board re-ups in FountainVest
Washington State Investment Board has committed $150 million to FountainVest China Growth Capital Fund II. FountainVest Partners, set up by former Temasek Holdings executives in 2007, raised $950 million for its first vehicle four years ago and is targeting...
CDB Capital raises $1.4b for fund-of-funds
CDB Capital, the fund management arm of China Development Bank, has reached a second close of RMB9 billion ($1.4 billion) for its new private equity fund-of-funds.
TPG approaches first close of $1.5b on Asia fund
TPG is nearing a first close of its latest Asian buyout fund on $1.5 billion, bringing the private equity giant one step closer to its goal of raising at least $4 billion for the region.
Kedaara to hold $200m first close - report
Kedaara Capital, the private equity fund manager established last year by former Temasek India head Manish Kejriwal, is nearing a first close of its maiden fund on $200 million.
Sumitomo Mitsui halves target for Japan fund – report
Sumitomo Mitsui Trust has cut the target for its latest private equity fund by half. It follows a similar move by Unison Capital and is seen as symptomatic of the difficult investment environment in Japan.
Australia’s Hyperion to enter the private equity space
Australian hedge fund manager Hyperion Asset Management plans to enter the private equity space with the launch of A$200 million ($208 million) fund. It will seek minority positions in businesses with an EBITDA of around A$5 million, which rank second...
Hinduja unveils $500m infra vehicle - report
The Hinduja Group, the diversified conglomerate founded in Mumbai by the Hinduja family, reportedly plans to establish a $500-million fund that will invest in Indian infrastructure projects.
Maui Capital raises one third of capital for new fund
New Zealand’s Maui Capital has so far received commitments of NZ$92 million ($75.5 million) from institutional investors for its latest fund, which has a target of NZ$250 million. The vehicle is the same size as its predecessor, the 2008 vintage Maui...
Playing the Asia expectations game
The institutional LPs that attend AVCJ events are a mixed bunch. A few maintain a presence in Asia and are clued up as to the up-and-coming markets and managers, key investment opportunities and general fundraising climate. Another group comprises frequent...
Noah eyes $2.8b China real estate fund
Noah Holdings, the Shanghai-headquartered third-party financial advisory company, is seeking to launch a real estate fund worth as much as RMB18 billion ($2.85 billion). It will target cash-strapped developers who are seeking new sources of funding.
Carlyle targets $762m in IPO
The Carlyle Group is seeking to raise as much as $762.5 million through its initial public offering. This would value the company at up to $7.6 billion, less than half the current market capitalization of The Blackstone Group and more than $2 billion...
Anacacia Capital sets $156m target for second fund
Australia’s Anacacia Capital is seeking to raise up to A$150 million ($156 million) for its second fund, more than twice the size of its debut vehicle. Jeremy Samuel, the private equity firm’s founder and managing director, nevertheless described...
Mount Kellett raises $4b for second special situations fund
Mount Kellett Capital Management, the private equity firm started by former Goldman Sachs executive Mark McGoldrick, has closed its second fund at $4 billion. The vehicle, which targets special situation and opportunistic investments, is $1 billion larger...
Shanghai to allow PE funds to raise RMB for overseas investment
Shanghai is planning to launch a pilot program that would allow both international and domestic private equity managers to raise renminbi from Chinese companies and individuals for outbound investments.
Silver Lake to reduce fees for fund IV
Tech-focused private equity firm Silver Lake is planning to cut the fees it will charge big-ticket LPs as it attempts to raise as much as $10 billion for its next buyout vehicle.
Blackstone closes second global mezzanine fund at $4b
The Blackstone Group has raised $4 billion for its second global mezzanine fund, making the vehicle twice the size of its predecessor. The fund has already deployed or committed $780 million to four companies, including Japan’s Sony Corp, which required...
Helion remains committed to early-stage deals
Helion Venture Partners has restricted its third fund to $255m despite oversubscriptions. It will continue to focus on early-stage investments in the technology and consumer space
Looking forward, looking back
The first quarter of 2012 will soon be over. The Asian private equity industry seems to be humming along at a steady pace, although there hasn’t been anything particularly dramatic so far. Deal-making has been efficient and routine rather than startling,...
India VC player Helion closes third fund at $255m
Helion Venture Partners has closed its third fund at just over $255 million, over $45 million more than for its previous vehicle, which closed in March 2008. The successful fundraise, which attracted commitments from pension funds, endowments, foundations,...
Helmsman Capital seeks $211m for third fund - update
Helmsman Capital is currently seeking A$200 million ($211 million) for its third vehicle, Helmsman Capital Fund III.
Greenpark, IFC target emerging markets secondaries
Greenpark Capital's tie-up with International Finance Corp. (IFC) to create a $500 million emerging markets secondaries fund (EMSF) makes a lot of sense. The former has plenty of experience in secondary investments but a limited emerging markets presence;...
Axiom closes third fund in just four months
Regional fund-of-funds player Axiom Asia says that strong investor demand for fund three, despite a difficult fundraising environment, is an endorsement of the firm’s consistent approach