Fundraising
Which way for Asian private equity?
The release of CalPERS's latest fund performance results comes at an interesting time.
ICICI Investment Management makes first close for Emerging India Fund at $50 million
ICICI Investment Management has raised $50 million for the first close of its Emerging India Fund, its mid-market, growth capital-focused vehicle with a $100 million corpus.
3i plans RMB fund under Queen's blueprint
UK private equity major 3i Group is planning to launch a renminbi-denominated fund as part of an overall two-year plan, announced 3i CEO Michael Queen, coming alongside the second Indian infrastructure fund expected since March this year.
Tokio Marine plans mid-cap buyout fund for Japan
Tokio Marine Holdings, one of Japan's leading insurance companies, is targeting to raise a JPY50 billion ($590 million) buyout fund, its fourth, through its Tokio Marine Capital unit, to invest in mid-cap Japanese companies.
Achuthan forms Achuthan & Co. for India, Southeast Asia investment
Hari Achuthan, previously a director with the private equity group at Credit Suisse Asset Management, is forming a private equity firm, Achuthan & Co., to invest in India and Southeast Asia.
India's Highstreet nearing first close on India Infra Fund
Highstreet Capital, a new Indian private equity firm, is nearing a $50-70 million first close on its first fund, the India Infrastructure Fund, with sponsors and anchor investors the Bhartia family, promoters of Jubilant Organosys and Life Insurance Corp.
HSBC PE Asia spins out to management
HSBC has followed through on its plan, first discussed internally in June this year, to spin out its private equity divisions, at least in Asia, with the sale by HSBC Holdings of 80.1% of HSBC Private Equity (Asia) Ltd. to Foci Holdings, an SPV backed...
Banks far down the spinout trail?
HSBC Private Equity Asia's spinout comes as no surprise.
HSBC sells HSBC Private Equity Asia unit to management
HSBC Holdings has announced the sale of 80.1% of HSBC Private Equity (Asia) Ltd. to the management team of HSBC Private Equity, for a price tag of around $18.8 million, executing a spinout plan first reported in June.
Franklin Templeton Real Estate plans new Asia-focused realty fund of funds
Franklin Templeton Real Estate Advisors, an affiliate of US fund manager Franklin Templeton, plans to launch a new Asia-focused property fund of funds, targeting to raise about $300 million from institutional investors, primarily in Europe and Australia.
China Investment Corporation, China Exim Bank launch $1 billion infra fund
China's sovereign wealth fund the China Investment Corporation (CIC) is to partner in a $1 billion regional infrastructure and energy fund, alongside Export-Import Bank of China (China Exim Bank), in the wake of increasing demand for secure energy supplies...
Ant Capital, CCBI support COFCO's $1 billion agri fund plan
China's largest grains and oilseed importer and exporter, China National Cereals, Oils and Foodstuffs Corporation (COFCO) Ltd. plans to form an agriculture-focused private equity fund, with target size of $1 billion, in partnership with CCB International...
Acumen India director Sahni quits for healthcare with Global Impact
Varun Sahni, formerly India Director with US-headquartered international social venture fund Acumen, is now launching his own private equity vehicle, Global Impact Investors (GII), targeting to raise $100 million, with a focus on services in emerging...
SBI and Abu Dhabi to form Africa-focused fund
SBI Holdings Inc., a Japanese financial conglomerate with private equity and venture capital arms, and Invest AD, a subsidiary of the Abu Dhabi Investment Council, announced the formation of a new Africa-focused fund management company, with target regions...
VantagePoint launches Bohai VC fund
VantagePoint Venture Partners has become the latest fund to launch out of China's bustling Bohai Rim development zone, with the announcement of the Tianjin VantagePoint Hi-tech China FIVCE Fund, targeting RMB680 million ($100 million) for investment in...
Chengdu govenment forms RMB10 billion infra fund
Chengdu Longquanyi District Government, CDB Finance Co., Ltd. and China Development Bank's Sichuan Branch have signed a framework agreement to support a regional fund named CDB Sichuan (Longquanyi) Urban-Rural Coordinated Development Fund.
Chengde Deyuan Hunan High-Tech Venture fund launched for Hunan
Changde Deyuan Hunan High-Tech Venture Capital Co., Ltd. has launched a RMB160 million ($23.6 million) RMB VC fund in partnership with Changde Municipal People's Government, Hunan Deyuan Investment and Beijing Huahui Hengye Investment.
India to set up $11 billion energy infrastructure investment fund
The Indian government is on track to launch an INR500 billion ($11 billion) infrastructure fund to finance opportunities in the burgeoning domestic power industry.
FLAG planted in Hong Kong
Stamford, Conn.-headquartered fund of funds FLAG Capital Management is opening a new office in Hong Kong - its first presence outside the US - to cover the Asia Pacific region.
Jinqiao launches first Inner Mongolian fund
Jinqiao Venture Capital Fund, a Chinese VC firm, has committed RMB60 million ($8.8 million) to a vehicle which is the first private equity fund in Inner Mongolia, targeting to raise up to RMB200 billion ($29.4 million).
Everstone focusing on corporates, not warehouses
Indian PE firm Everstone Capital is not on track to raise a new real estate fund focusing specifically on warehouses and logistics, industry sources say, contrary to earlier media reports.
Navis makes final close on $1.2 billion fund
Navis Capital Partners has announced the official close of its $1.2 billion Navis Asia Fund VI, a vehicle that surpassed Navis’s original $1 billion target fund size and further outpaced its preceding Navis V fund, which raised $1 billion in 2007.
Japan's DBJ and banks to form $1.18bn turnaround fund
The Development Bank of Japan is slated to launch a JPY100 billion ($1.18 billion) fund, specializing in local corporate restructuring and turnaround, in partnership with the Bank of Tokyo Mitsubishi UFJ and Sumitomo Mitsui Banking Corp., at the end of...
Spring Capital debuts $250 million fund
Hong Kong-headquartered Spring Capital Asia has closed its $250 million maiden fund, a vehicle to be focused on early-growth investments in low- to mid-market companies.