Fundraising
IL&FS looks to raise $900m across three funds
IL&FS Investment Managers (IIML) is looking to raise up to $900 million across three funds, but the fundraising process is expected to take longer than usual as a result of tighter risk assessment among investors globally.
Clearwater raises $200m, targets $900m for Asia fund
Clearwater Capital Partners has so far raised $200 million for its fourth Asia ex-Japan fund, which will target special situations investments in public and private debt and equity. The company is aiming for a final close of around $900 million, a source...
US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding...
PE investment outpaces IPO fundraising by 60% in last six years - report
Private equity and venture capital investment in India reached nearly $50 billion in the last six years compared to $31 billion raised through IPOs during the period, according to a report published by Grant Thornton and the Indian Private Equity and...
Hudson plans China's largest RMB cleantech fund
US buyout firm Hudson Clean Energy Partners, which has $1 billion in assets under management, is planning to raise its first renminbi-denominated fund. It is being touted as the largest cleantech investment vehicle in China despite the fund’s target...
Sarona commits $3.5m to Aureos' Southeast Asian fund
The Sarona Frontier Markets Fund I has committed $3.5 million to the Aureos South-East Asia Fund II, a $250 million vehicle targeting Southeast Asia’s small-to-mid-cap businesses.
Aditya Birla nears second fund close
The PE division of Indian financial services group Aditya Birla Group, Aditya Birla Capital Advisors, has reached a first close on its second private equity vehicle, Sunrise Fund, at INR2.2 billion ($48 million).
WestBridge looks to exit portfolio companies of yesteryear
WestBridge Capital – which was re-launched by its original founders in February - is looking to exit portfolio companies in which it invested prior to merging with Sequoia. According to India’s Business Standard, this includes stakes in Indecomm Global,...
Innovation Works closes China internet fund at $180m
Innovation Works, the tech incubator started by Google’s former China head Kai-fu Lee, has closed its debut fund at $180 million. The vehicle, which specifically targets Chinese internet companies, was oversubscribed, the company said.
China Life to launch PE vehicle
China Life has become the first Chinese insurance company to be granted a license by domestic regulators to raise private equity and real estate funds. Under rules published by the China Securities Regulatory Commission (CSRC) last September, insurers...
Hahn & Company closes first fund
Hahn & Company, the South Korea-focused private equity firm founded by Scott Hahn, formerly Morgan Stanley Private Equity (MSPE) Asia’s (MSPEA) chief investment officer, has recorded a final close on its first fund, reaching the hard cap of $750 million....
India’s SREI targets $1b infrastructure fund
SREI Infrastructure Finance plans to raise a $1 billion private equity fund to invest in areas such as roads, power and ports.
Property developer Banyan Tree seeks more PE funding
Singapore-based luxury-resort developer Banyan Tree Holdings is looking to raise more funds from private equity as it pushes ahead with plans to build high-end homes in second- and third-tier cities in China.
CNOOC anchors PE fund targeting Asian energy assets
China National Offshore Oil Corp. (CNOOC) has formed a strategic partnership with Kerogen Capital, which is raising a $1.5 billion private equity fund that will target energy investments in Asia.
China, India lead global emerging markets for PE activity
India and China accounted for 54% of private equity transactions completed in emerging countries in the first half of 2011, according to a report by the Emerging Market Private Equity Association.
Infinity establishes RMB and USD funds in Chongqing
Infinity Group, an Israel-based privat equity firm created by China Development Bank and Israeli conglomerate IDB Group, has announced the establishment of the Chongqing arm in cooperation with the government of Chongqing's Banan district.
Lexington eyes bumper deal flow
Brent Nicklas founded Lexington Partners in 1994 and currently serves as managing partner, overseeing private equity secondary and co-investment funds. He discusses global opportunities for secondary investors
Nexus Venture Partners prepares for $250m third fund
Nexus Venture Partners will reportedly launch the fundraising process for a $250 million fund early next year. It will be the private equity firm's third vehicle.
Tasman Capital targets $209m fund
Sydney-based Tasman Capital is said to be targeting A$200 million ($209 million) for its latest fund, with a hard cap set at A$300 million. It has selected Geneva-based alternative assets marketing firm MCAM Group as a placement agent.
India's TVS raises $110m for growth fund
TVS Capital Funds, an India-based private equity firm, is reportedly planning to raise up to INR5billion ($110.3 million) for an add-on fund.
Saigon Asset Management to launch $300m Indochina energy fund
Saigon Asset Management plans to raise $300 million for an energy fund targeting thermal and hydro power projects in Vietnam, Cambodia and Laos. The company believes the energy sectors in these countries are open to foreign investment and plans to participate...
AXA Private Equity raises $3b for secondary fund
AXA Private Equity has raised $3 billion for its latest secondary fund. It is targeting a final close of $3.5 billion for AXA Secondary Fund V, having set the hard cap at $4 billion, the Wall Street Journal reported, citing a person familiar with the...
Former Infosys CFO to launch India PE fund
T.V. Mohandas Pai, the former CFO of Infosys, is reportedly planning to raise a private equity fund worth $100 million and is already closing in on his first investment.
Former Actis partner in latest India fund spinout
Subba Rao Telidevara, formerly a partner at Actis, has launched an independent fund worth $250 million targeting buyouts, PIPE deals and growth capital investments. The fund, known as LotusPool Capital, is expected to make its first close in 8-12 months,...