Fundraising
Indian LPs: Emerging or defunct?
Having a larger domestic LP base in India could create a more sustainable fundraising environment for GPs, but few industry participants expect institutions to be let off the leash in the near term
Nereus Capital raises $250m Indian clean energy fund
Nereus Capital, an alternative asset manager focused on renewable power generation and clean technologies, is raising a $250 million clean energy fund, of which $20 million will be contributed by the International Finance Corporation (IFC).
Helmsman Capital seeks $211m for third fund
Helmsman Capital is currently seeking A$200 million ($211 million) for its third vehicle, Helmsman Capital Fund III.
Templeton to roll out $300m emerging markets fund
Franklin Templeton is planning to raise $300 million for its fourth emerging markets private equity fund. The fund will provide growth capital to companies in global developing markets.
Axiom closes third Asia fund at $1.15b - update
Axiom Asia Private Capital, Singapore-headquartered independent fund-of-funds manager, has closed its third Asia fund at $1.15 billion.
Los Angeles pension fund invests $25m in Hony V
Los Angeles City Employees’ Retirement System (LACERS) committed up to $25 million to Hony Capital Fund V, which closed in January at $2.4 billion, $1 billion larger than its predecessor.
Indonesia investment: Uncharted territory
For all its attractions, Indonesia remains a difficult – and expensive – market for foreign private equity firms. Identifying value rests on building up local knowledge and expertise
TCT gets Chinese equity investment management license
Singapore-based Treasury China Trust (TCT), run by Treasury Holdings Group, Ireland’s largest property group, has received approval from the Chinese regulator to establish an equity investment management business in Shanghai.
Mekong Capital to launch $150m fund
Private equity firm Mekong Capital plans to launch a new fund with a target of $150 million to tap opportunities in Vietnam’s fast-growing consumer sector.
Secondaries: GPs for hire
Many first-time fund managers in Asia are expected to have trouble raising successor vehicles. Secondary investors sense the opportunity to tide over GPs by acquiring their existing portfolios
Australia’s Elcano Capital hits the fundraising trail
Australian venture firm Elcano Capital is seeking to raise capital from small investment funds to finance its planned investments into early stage companies.
Axiom raises $1b for third Asia fund-of-funds
Singapore-headquartered independent fund-of-funds manager Axiom Asia Private Capital has reportedly raised more than $1 billion for its third fund.
Mehta leaves CCB to establish PE firm
Mickey Mehta, the assistant general manager and head of corporate banking and structured finance at China Construction Bank's (CCB) Hong Kong unit, has left to start his own private equity firm.
IDG Capital Partners raises $571m RMB fund
IDG Capital Partners has reached a final close of RMB3.6 billion($571 million) for its Harmony Capital Fund, which will target innovative companies in Beijing technology hub Zhongguancun.
Sustainable Development Capital to raise $500m for Asia cleantech
Sustainable Development Capital (SDCL), a London- headquartered investment and advisory company, plans to tap $500 million to invest in green business in Asia within the next three years.
Shearwater's Stead becomes Australia head at Olympus Capital Asia
Gary Stead, co-founder and managing director of Shearwater Capital Group, has become Australia country head at Olympus Capital Asia. The move came largely as a result of the difficulties raising a new fund.
Australian venture capitalists face commercialization obstacles
Entrepreneurs are brimming with ideas but Australia’s venture capital firms don’t have the capital to convert innovation into products. Government support has so far been piecemeal
Australian fundraisers feel the strain
Are changes in superannuation laws the cause or the scapegoat? Either way, Australia’s fundraising landscape is undergoing substantial change. Local GPs must choose between going offshore or going out of business
An Australian-Asian story
Australia is the exception in Asian private equity: a market in which buyouts are routine, leveraged finance is readily available and entry and exit activity is relatively transparent. It is, one is tempted to say, Japan without the intrigue and inscrutability.
HAO Capital to roll out its third USD fund
HAO Capital, a China-focused growth capital investor, plans to launch its third US dollar-denominated fund this year and also exit two portfolio companies through A-share listings.
CITIC Capital rolls out new VC fund
CITIC Capital, partly-owned by Chinese Investment Corp. (CIC) and CITIC Group, has reached a first close of $60 million for its new venture capital fund. The vehicle represents the private equity firm's first foray into VC.
Korea’s LP problem
Both the GP and LP bases in South Korea are relatively narrow. Once fund managers have more to show for themselves in terms of track records, it will be easier to distinguish wheat from chaff
Operating partners: The social network
Operating partners now form the backbone of most private equity firms, in a variety of different guises. Samena Capital’s take on this concept recognizes the importance of relationships in Asia
Asia, Middle East LPs put up 30% of BC Partners’ buyout fund
Asian and Middle East investors contributed 30% of the capital for BC Partners’ latest European fund, which has closed at EUR6.5 billion ($8.6 billion) after 18 months in the market. LPs from these regions only accounted for 10% of the private equity...