Fundraising
Shanghai Minfu forms PRC/Taiwan/Japan billion fund
Shanghai Minfu Equity Investment Management Co., a JV founded by Shanghai International Group Asset Management, a Shanghai city government-related financial institution, Uni-President Group, Taiwan’s largest food manufacturing and logistics company,...
Frontline Strategy to launch $150 million fund, its third
PE firm Frontline Strategy is to launch its $150 million Clove Route Fund – its third mid-market vehicle – focused on $10-15 million growth capital investments across sectors in India.
TPG announces Chongqing RMB fund
Following yesterday's announcement by TPG Capital of the formal launch of a Shanghai-domiciled RMB fund, the firm has now announced a similarly sized RMB5 billion ($735.5 million) RMB vehicle in Chongqing, in partnership with the Chongqing Municipal...
SIDBI to close third fund at $214 million
Mumbai-based SIDBI Venture Capital is set to close its INR1,000 crore ($214 million) VC fund, its third, which comes in at twice as large as its predecessor, according to local reports.
Gaw Capital raises $373 million for third Asia real estate fund
Gaw Capital, the Hong Kong-based private equity real estate investor, has successfully raised $373.5 million for its third real estate fund, Gateway Capital Real Estate Fund III.
New Shenzhen PE rules to support local funds growth
With Shanghai and Beijing already moving to establish their local private equity fund formation rules, Shenzhen in southern China is now launching its own regulatory platform to foster local incorporation of so-called "equity investment funds".
TPG's first RMB fund targets RMB5 billion
US private equity giant TPG Capital has established its maiden RMB-denominated fund, TPG China Partners I, in agreement with the government of Pudong New Area in Shanghai Municipality, with a target size of RMB5 billion ($735.5 million).
NZ government boosts VC fund commitment
The New Zealand government has pledged an additional NZ$40 million ($28.3 million) to the New Zealand Venture Investment Fund, strengthening its commitment to the vehicle in which it has already invested NZ$160 million ($113.13 million).
China Mining United Fund seeks further capital
The China Mining United Fund, which operates an RMB-denominated fund to invest in mining-related businesses, is slated to raise RMB3-5 billion ($442-736 million) for gold, iron ore and other metals projects.
Kendall Court raises $150 million for new mezzanine fund
Kendall Court Partners has raised $150 million for a Southeast Asia-focused mezzanine fund, its second such fund, coming as sentiment toward mezzanine improves with the ending of the GFC.
Azure Capital to raise $107 million for real estate fund
Azure Capital Advisors is reportedly hunting for INR500 crore ($107.1 million) for its India Realty Fund-1 focused on INR35-40 crore ($7.5-8.5 million) size investments into urban real estate projects in Southern and Western India.
Microfinance firm Basix seeks $64 million from PE investors
India-focused Microfinance player Basix is reportedly set to approach private equity investors in an effort to raise as much as IND300 crore ($64 million) later this year, the largest target it has set out of its three previous rounds of financing.
China's Keytone Ventures seeks $300 million for second fund
Joe Zhou's much-watched VC firm Keytone Ventures is reportedly looking to raise $300 million for its second fund, coming one year after it raised $200 million for its debut fund.
Maneesh Pharmaceuticals nears deal with PE firms
Mumbai-based Maneesh Pharmaceuticals is finalizing talks with private equity firms in an effort to raise INR100 crore ($21.7 million) to INR125 crore ($27.1 million), according to reports.
IFC invests Attero Recycling as part of $8.3 million financing round
The World Bank’s International Finance Corporation (IFC) has participated in an $8.3 million round of funding for Indian e-waste recycling corporation Attero Recycling.
Japan's INCJ launching new VC funds
Innovation Network Corporation of Japan (INCJ), the government-owned fund, plans to launch intellectual property venture funds with special focuses including biotech, slating the end of this year.
Sonoma Management seeks $100 million for second fund
Pune-based Sonoma Management Partners (SMP) is to embark on a $100 million fundraising for its second vehicle, the India Buyout Fund II, dedicated to small-to-mid cap buyout targets in India’s technology sector.
China's Fujian province forms Taiwan-linked fund
Huifu Industrial Investment Fund Management Co., Ltd., the first cross-Straits industrial investment fund to be established in China, has been launched in Fuzhou with a target size of between RMB2-5billion ($295-738 million) in its first phase.
Mizuho, Tata Capital form India-focused fund
Japanese brokerage Mizuho Securities will foray into India’s private equity industry in partnership with Tata Capital, a unit of diversified Indian conglomerate Tata Group, forming a joint fund with an expected size of $400-500 million.
Everstone Capital makes $250 million first close of second fund
Indian PE firm Everstone Capital has raised $250 million in the first close of its Indivision India Partners II, its second private equity fund, marking the approximate half-way point towards its $550 million target before the end of the year, according...
CDH IV final close at $1.46 billion
CDH Fund IV, the China-focused private equity fund regarded by many as a bell-wether for capital-raising exercises for the PRC, has closed at $1.46 billion, according to information given to AVCJ.
SPECIAL ANNOUNCEMENT: Shanghai International Private Equity Forum
AVCJ has joined the Shanghai Private Equity Association, CEIBS Lujiazui International Finance Research Center, Shanghai Huangpu District Peoples Government, and the Institute of Finance and Banking of the Chinese Academy of Social Sciences as a co-organizer...
Singapore's MDA and Gobi Partners to launch $74 million fund
China-based VC firm Gobi Partners has signed a deal with Singapore’s Media Development Authority (MDA) to launch a S$100 million ($74 million) Singapore-based fund aimed at encouraging domestic digital media companies set up shop in the Mainland market.
Japan's SBI boosts PE investments in Brazil
SBI Holdings, Inc., the Japanese financial group operating in various segments, including private equity and venture capital, said that it has agreed with Jardim Botânico Investimentos (JBI), a Brazilian asset management company, to jointly form a fund...