Fundraising
KKR says China Growth Fund on course for $1 billion hard cap
Kohlberg Kravis Roberts & Co. (KKR) has announced a $700 million first close on its KKR China Growth Fund to date, and is on track to close at its $1 billion hard cap, the firm revealed in the course of its latest 3Q10 earnings call.
China winning out?
China may be leading the way - for global recovery and for Asian PE - but is it all blue skies?
Asian funds: arithmetic or geometry?
With Asia growing in size, scale and industry importance, what do the funds of the future look like?
New Robeco cleantech f-o-f seeks emerging Asia propositions
Dutch asset management firm Robeco Group has said that it is seeking to target opportunities in China and India, plus other Asian markets, for its Robeco SAM Clean Tech Private Equity III fund of funds, which continues to aim at a $500 million closing...
BlackBerry Partners fund plans to raise $150 million to invest BRIC mobile opportunities
BlackBerry Partners Fund, a VC firm backed by Research In Motion Ltd., Thomson Reuters, Royal Bank of Canada and other major investors, reportedly plans to raise at least $150 million for a new vehicle to make investments in mobile-phone software companies...
Capital Dynamics hires former AIC CEO Kobayashi as MD to head new Tokyo office
Capital Dynamics, the Switzerland-based alternative investment group, has appointed Kazushige Kobayashi, previously president and CEO of Japan's Alternative Investment Capital (AIC), engaged in funds-of-funds, as an MD to head its new Tokyo office.
China waste energy company's global new energy fund raises $100 million
A global new energy fund established by a group of investors including Chen Zefeng, chairman of PRC waste management and waste power company ZhongDe Waste Technology AG, has succeeded in raising $100 million, according to Wang Jiuhua, executive director...
European Union agrees private equity/hedge fund legislation
The European Parliament and European Union member states have finally agreed upon new EU regulations for private equity firms and hedge funds operating inside the EU.
Japan's Mizuho Bank to form SME-focused fund by year end
Mizuho Bank, Japan’s third largest lender, will form an SME-focused private equity fund by the end of this year with a initial size of around JPY10 billion ($122 million).
Japan's SBI to form joint RMB/USD funds with China's Fudan University
Japanese financial conglomerate SBI Holdings is to launch two venture capital funds in cooperation with Fudan University in Shanghai, China.
Korea Advanced Materials Fund raises $36 million from venture investors
Korea Advanced Materials Fund has received $35.9 million from international chemicals group Solvay, Korea Venture Investment Corp (KVIC) and AJU IB Investment, a Korean VC company formerly known as Kibo Technology.
ICICI Venture's infra fund to be buoyed by overseas investors
ICICI Venture has turned to overseas LPs to finance up to $750 million of its $1 billion infrastructure fund, according to reports, which is slated to go toward India’s roads, ports and airports once deployed.
New York Pacific Capital launches Suzhou RMB fund
New York Pacific Capital, the New York- and Beijing-based China-focused US merchant banking player, has announced a new RMB fund targeting RMB 300 million ($45.1 million), with investments to be focused on the greater Suzhou region of eastern China.
Shanghai QFLP program for non-Chinese RMB LPs approved
The pilot Qualified Foreign Limited Partners (QFLP) guidelines floated in Shanghai to allow international LPs to invest into Shanghai-incorporated RMB-denominated private equity funds have been approved by China’s central financial regulators, according...
Nautiyal-backed Redwoods Capital plans $50 million India real estate fund
Indian asset management firm Redwoods Capital, founded by the former head of BNP Paribas India’s real estate business Anuj Nautiyal, is set to raise a domestic real estate fund with a preliminary target of $50 million.
Harjit Bhatia forms Asia Growth Capital Advisors with ex Credit Suisse India, Southeast Asia team
Asian private equity veteran Harjit Bhatia has recently reemerged as Chairman and CEO of Asia Growth Capital Advisors, a private equity firm he founded along with his ex-partners at Credit Suisse Private Equity Asia.
Placement agents in a new place?
Asia Pacific placement post the GFC
Brightrust PE Japan plans to debut fund of funds
Brightrust PE Japan Co., a Tokyo-based private equity firm, is planning to raise as much as JPY20 billion ($241.8 million) for its debut fund of funds, which will focus on investing in buyout opportunities with a special interest in the small-to-mid-cap...
Singapore's National Research Foundation plans startup fund
The National Research Foundation (NRI) of Singapore is to put S$50 million ($38.1 million) into a startup funding scheme to attract experienced entrepreneurial talent to the city-state and support locally-established startup companies, according to NRF...
Japan's no. 1 ad giant Dentsu to launch digital fund
Dentsu Inc., Japan's largest advertising agency, and its affiliate, Dentsu Digital Holding Inc., are launching a JPY10 billion ($120 million) fund, the Dentsu Digital Fund, to be managed by the newly-formed Dentsu Digital Investment Business Limited Partnership.
Speed bumps ahead for Asian private equity returns
Buyer beware: Not all that investors touch turns to gold
KPCB raises RMB600 million so far for China fund
Silicon Valley VC firm Kleiner Perkins Caufield & Byers (KPCB) is raising an RMB-denominated fund to invest in Chinese companies, and has already raised RMB600 million ($89.4 million), according to reports.
Ex Morgan Stanley team's GreenOak Real Estate raises fund for Japanese assets
GreenOak Real Estate, a private equity property firm founded by ex-Morgan Stanley real estate executives, is seeking $800 million for a new fund to buy property and loans in Japan, according to reports.
Aetos to raise $1 billion real estate fund for Japanese, Chinese targets
New York-headquartered private equity firm Aetos Capital is reportedly set to raise $1 billion for a real estate fund - its fourth - targeting property assets in Japan and China.