Fundraising
KKR raises $1 billion for China
US-based private equity major Kohlberg Kravis Roberts (KKR) has reportedly raised $1 billion for its China Growth Fund. The firm launched the fund last year with a target of $800 million and a hard cap of $1 billion.
The fundraising success story
Baring Private Equity Asia ended a global slump on fundraising when it closed its fifth fund on $2.46 billion, 60% more than its predecessor, in less than six months. AVCJ speaks with the Managing Partner on the renewed institutional interest in Asian...
Everstone set to close $550m fund
Indian PE firm Everstone Capital Partners is set to close its second fund at its planned $550 million corpus despite an influx of investor interest that has led to the vehicle’s oversubscription, an investor close to the vehicle confirmed to AVCJ.
Kaizen a rising star in Indian PE
One year after AVCJ predicted that education-opportunities group Kaizen Management Advisors “seems poised to lead investment in this sector in India,” the firm has made strides to keep its title, enlisting the likes of India’s Housing Development...
Hopu’s Ong to raise $2b solo fund
Richard Ong, one of the founding partners of Hopu Investment Management Co., a successful China’s buyout firm, is said to be leaving the firm to set up his own fund, which plans to raise $2 billion, according to reports first published by the Wall Street...
HDFC takes stake, LP role in Kaizen
India’s Housing Development Finance Corp. (HDFC) has acquired a minority stake in education-opportunities group Kaizen Management Advisors Ltd., pledging an undisclosed amount of capital as an LP into Kaizen Private Equity’s new vehicle.
India focused Edelweiss Special Opportunities Fund closed at $230 million
Edelweiss Alternate Asset Advisors, the alternative asset arm of Edelweiss Capital in Switzerland, has closed the $230 million Edelweiss Special Opportunities Fund, according to local media reports. The fund will focus solely on India.
Oaktree Capital winds down global distressed fund
As global investor Oaktree Capital’s nearly $11 billion distressed opportunity fund enters its liquidation phase, a source close to the firm says Oaktree may not see another such vehicle of this size for a while, due to the changing landscape for distressed...
Fortress considers fund for PRC senior citizen housing
Alternative assets manager Fortress Investment Group is considering raising $1 billion for a vehicle that would focus on housing investments for China’s elderly citizens, according to the Financial Times.
Baring Private Equity Asia closes $2.4 billion fund
Hong Kong-based private equity firm Baring Private Equity Asia has closed its fifth fund at $2.46 billion - 60% larger than its previous fund that closed at $1.52 billion in February 2008.
Brazil – battling for emerging Asia dollars?
ASIA HAS ALWAYS SEEN THE LION’S SHARE of emerging markets-dedicated dollars. Latin America has always lagged.
Accel Partner India launches $400 million fund
Accel Partner, a Silicon Valley’-based venture firm, has set up a $400 million India-dedicated fund, with the aim of targeting opportunities in the domestic growth space, according to local media reports.
More than meets the eye
Early indications suggest that the next 12 months will be a bumper year for the private equity industry. It seems that every fund we talk to has a number of liquidity events in the making, while many notable names are looking to be back in the fundraising...
Alibaba may look to PE for logistics investment
Alibaba Group, China's e-commerce giant, plans to invest $4.5 billion to form a network of warehouses across the nation, possibly through a joint fund set up with a private equity firm.
Swiss-Asia Financial Services to launch energy-focused PE fund – report
Singapore-based asset manager Swiss-Asia Financial Services is said to be raising €500 million ($671.7 million) for a Chinese power plant-focused private equity fund.
State of the Union(s)
Korea and Japan may have fallen off the radar over the past two years, but their governments are working to keep funds flowing in and opportunities front and center for private equity firms
KFH launches Islamic fund
KFH Asset Management, a subsidiary of Kuwait Finance House, an Islamic bank based in Kuala Lumpur, will launch a $300 million fund by the end of 2012, according to Reuters. The fund plans to raise capital from Gulf investors, and will also seek money...
China's Gosen Securities plans to launch the first RMB fund
China's Guosen Securities Co Ltd., Shenzhen-based boutique investment bank, plans to raise a RMB300 million ($45.5 million) private equity fund in Hong Kong following the increase in demand for RMB investment vehicles in China.
KKR plans a $1.5 billion India-focused fund
PE major Kohlberg Kravis & Roberts (KKR) has reportedly begun the process of raising a $1.5 billion India-focused fund, with the firm’s founder Henry Kravis said to be in the country drumming up support for the vehicle.
Zephyr Peacock targets $150 million for third fund
New York-based Zephyr Management’s India-focused PE arm, Zephyr Peacock, is set to raise a $150 million fund – its third and largest – targeting global investors.
Blackstone caps Shanghai Jinfeng interest in RMB fund
The Blackstone Group may raise not more than RMB 300 million ($45.3 million) from Shanghai Jinfeng Investment Co., Ltd. for its RMB denominated fund.
Korea’s NPS joins up with local conglomerates to form PE fund
National Pension Service, South Korea’s largest investor, plans to form a private equity fund with local conglomerates, including SK Group, GS Group, and KT Corporation, to seek returns from private investments in global markets.
Japan’s SMBC forms new PE fund
Sumitomo Mitsui Banking Corporation (SMBC), one of the largest financial groups in Japan, has announced that it will be establishing a private equity investment management company alongside its affiliates Sumitomo Corporation, and The Sumitomo Trust &...
China Development Bank to launch fund of funds
Government-owned China Development Bank is set to take on the role of limited partner, launching China's first fund of funds worth a reported RMB60 billion ($9 billion).