Fundraising
Counting on cleantech
Private equity dollars have flooded into China’s renewable energy sector, but should investors hedge their bets?
Japan’s SBI, Abu Dhabi-based Invest AD launch Turkey-focused PE fund
Japanese financial conglomerate SBI Holdings and Abu Dhabi state-owned Invest AD will invest $100 million in a new private equity vehicle targeting companies in Turkey.
Private equity goes primetime in China
Stunning exits, robust investments and record fundraising is transforming China into private equity’s biggest opportunity
Rising pressures in Chinese private equity
IN THE PAST FEW YEARS, PRIVATE equity and venture capital firms have already established the industry as a credible source of financing for Chinese companies in need of capital. With the recent IPOs of Chinese entities, in particularly NASDAQ (that have...
Archer Capital to launch fifth fund this year
Australian private equity leader, Archer Capital, is reportedly planning to raise A$ 1.2 billion ($1.27 billion) for a new fund towards the end of this year, according to Reuters.
Qiming closes Fund III at $450 Million
Qiming Venture Partners has announced that it has closed its Qiming Ventures Fund III vehicle at $450 million. The close will bring Qiming's assets under management exceed $1 billion dollars from its debut in 2006.
CITIC PE closes debut USD fund on $990m
CITIC PRIVATE EQUITY FUNDS Management (CITIC PE) has closed its debut US Dollar fund, CPEChina Fund, L.P., on $990 million of committed capital. The closing comes at a time when interest in China-focused funds, especially those denominated in RMB, are...
Khosla Ventures gets $15 million from Wipro chairman
Silicon Valley-based VC firm Khosla Ventures (KV) has received $15 million of funding from Azim Premji, the Chairman of Indian technology company Wipro, according to India’s Economic Times.
Australian government boosts renewable energy focus
The Australian government has upped its backing of the country’s renewable energy category via A$100m ($106 million) investment into the Renewable Energy Venture Capital Fund (REVCF), allocated from the federal budget.
Itochu Technology Ventures launches third, $66.7m fund
Itochu Technology Ventures, the tech-focused venture arm of Japanese trading conglomerate Itochu, has announced the first close of its third fund with a capital commitment of JPY5.4 billion ($66.7 million), equivalent to the fund’s final-target size.
mCapital goes on the hunt for distressed assets
MCAPITAL, THE NEWLY LAUNCHED FIRM led by former Merrill Lynch executive Mark Devonshire, has completed the $74 million first close of its mCapital European & Asian Special Situations Fund, coming more than two years after its fundraising process began.
CITIC PE raises $990m second fund
China-focused CITIC Private Equity Funds Management (CITIC PE), has closed its second fund, the CPEChina Fund, L.P., with $990 million of committed capital.
Ex-Merrill Lynch exec Mark Devonshire receives $74m for distressed fund
mCapital, a special situations fund manager with operations in Europe and Asia, has raised EUR50 million ($74 million) of seed capital from LPs Advanced Capital and IMQubator.
Matrix Partners closes second China and India funds
Global venture capital firm Matrix Partners China and India have both closed their second funds, the Matrix Partners China II and Matrix Partners India II, with investment corpuses of $350 million and $300 million for the China and India vehicles, respectively.
Announcing the AVCJ Private Equity & Venture Capital Awards China
2003 was probably one of the gloomiest years in recent memory for people in Asia. It was in that year that we launched our first annual AVCJ Private Equity & Venture Capital Awards at the suggestion of Walden’s Lip Bu Tan, who rightly proposed injecting...
Asia Pacific fund terms to fore in tough times
The latest Asia Pacific Private Equity Fund Terms Survey from independent fund of funds group Squadron Capital highlights a few shortcomings in regional funds’ adherence to the Institutional Limited Partners Association (ILPA) principles, increasingly...
Cargill to raise Asian food fund says report
Cargill’s private equity arm, Black River Asset Management, is planning to raise a $400 million fund focused on the food in Asia, reports Reuters. According to the article, the proposed fund, called Black River Capital Partners (Food) Fund, has already...
COFCO, PE-backed fund to launch in China
COFCO, touted as the largest oils and food importer and exporter in China, announced that it last month formed its COFCO Agricultural Industry Fund Management Co., a PE manager targeting PRC agriculture investments. Its initial fund has a corpus of between...
Blackstone reports first close for its RMB fund
The Blackstone Group has recorded a first close its maiden RMB fund named the Shanghai Blackstone Equity Investment Partnership. In a press release, Blackstone has confirmed that the fund, which has set target size of RMB 5 billion ($765 million), has...
SBI Holdings launch Korean government-backed PE firm
Japanese financial group SBI Holdings has announced that its private equity entity in South Korea, has been appointed as one of the fund managers to operate a new KRW 10 billion ($92 million) Japan/Korea parts and material fund, to be operated in conjunction...
$30m Mongolian PE fund makes debut
Silk Road Management, a Mongolia and Central Asia-focused investment firm, has raised $30 million for its debut fund called the Mongolia Human Capital Fund. The final close exceeded Silk Road’s original target as of $25 million.
Longreach makes long-awaited first close
Hong Kong-based general partner The Longreach Group has completed the $125 million first close of its Japan-focused Longreach Capital Partners 2, L.P., coming as Japan’s business environment undergoes a transitional period.
MSPE Asia’s Scott Hahn takes on Korea
In the latest in a string of recent spin offs by PE professionals in the region, former CIO and Managing Director at Morgan Stanley Private Equity Asia, Scott Hahn, is said to be raising $500 million for a fund that will solely focus on South Korean investments.
Tata Capital makes first close
Tata Capital has completed the first close of its newest India-focused private equity vehicle, the Tata Opportunities Fund LP, raising $450 million.