Fundraising
Industry Q&A: Glenn Hubbard
AVCJ spoke to Glenn Hubbard, Dean of the Columbia Business School and former Chairman of the Council of Economic Advisers to George W. Bush, about current US attitudes toward private equity investment in Asia.
China stakes its claim
PRC dominates as fundraising and IPOs boom in 1H2010
A schizophrenic industry?
The latest AVCJ Research figures on private equity activity in 2010 show an industry that is powering ahead in precisely the weakest areas for private equity in the West.
CCB backs PRC’s first aviation fund
In partnership with China Aviation Industry Corp., China Construction Bank (CCB) has formally established the country’s first ever aviation-focused industry fund, the AVIC Fund of China.
Milestone Religare on track for $200 million raise
Milestone Religare Investment Advisors, the private equity JV between local fund house Milestone Capital and financial services group Religare Enterprises, is on track to launch its $200 million India Build-Out Fund II, with discussions already commenced...
NZ Super fuels SMEs via Waterman
Private equity firm Waterman Capital, which is raising a new NZ$75 million ($53 million) fund to invest in Kiwi small businesses with a NAV of between NZ$10-50 million ($7-35 million), has been buoyed by New Zealand Superannuation Fund’s plans to inject...
Former CVCI MD Srinivasan seeks $400 million for India fund
Former MD of Citigroup Venture Capital International’s (CVCI) India operations, PR Srinivasan – who departed the company earlier this year - is set to raise between $350 million and $400 million for a domestic market-focused fund.
Infinity launches RMB fund for Chengdu
Tel Aviv-headquartered Infinity I-China Fund has launched the latest in its series of RMB-denominated fund partnerships with PRC cities, an RMB200 million ($29.5 million) vehicle floated with the city of Chengdu in Sichuan.
Secondaries show Asia’s maturity?
Secondary fund transaction volumes are one indicator of the scale and maturity of a region’s private equity industry.
Private equity dodges US regulatory bullets?
A couple of much-anticipated US regulatory developments for private equity that were definitely calculated to affect the industry in Asia Pacific, and indeed, worldwide, appear to either have closed, or be on the point of closing, with relatively positive...
Iwakaze Capital seeks $200 million for second fund
Iwakaze Capital, a Japanese SME-focused buyout firm, is looking to raise $200 million for its second fund, following its maiden fund, which closed at $23 million.
CITIC Capital aims for $340 million for second Japan fund
CITIC Capital Partners, investment arm of CITIC Group, China's largest financial conglomerate, is aiming to raise as much as JPY30 billion ($340 million) for its second fund, CITIC Capital Japan Partners II, focusing on the Japan market.
Blackstone gets RMB fund backing from Shanghai Ace
The Blackstone Group will receive RMB300 million ($44.1 million) for its renminbi-denominated fund, The Blackstone Zhonghua Development Investment Fund, from listed Shanghai Ace Co., a Shanghai-based investment firm.
Japan's SBI and US Jeffries will form two joint funds
SBI Holding Inc., the Tokyo-based financial group, has reached a final agreement with Jefferies Group Inc, a global securities and investment banking group headquartered in the US, to form two new investment funds: the Jefferies-SBI USA Fund and SBI-Jefferies...
Shanghai Financial fund makes largest PRC close at $1.62 billion
Shanghai Financial Industry Investment Fund, the financial services-focused private equity vehicle backed by China International Capital Corp. and Shanghai International Group, has held a first close of RMB11 billion ($1.62 billion), mostly from PRC SOEs...
Japan's New Horizon expects $560 million for second fund
New Horizon Capital, a Tokyo-based private equity firm, plans to raise up to JPY50 billion ($560 million) for its second fund, also saying that it expects a first closing in 3Q10 of around JPY12 billion ($135 million).
China's Rong Qin aims to raise $736 million
Beijing-based PE fund Rong Qin aims to launch a new fundraising initiative to bolster its capital by RMB5 billion ($736 million) over the next two years, adding to the RMB3 billion ($441.4 million) it currently manages.
Cleantech Q&A: Capital Dynamics
David Scaysbrook, founder of Novera Energy, and now MD of the new Clean Energy and Infrastructure team at $21 billion asset management firm Capital Dynamics, talks about the group’s new direct investment focus on the cleantech space.
Telopea launches from Oz for regional PE, real estate, advisory
Telopea Capital Partners has opened in Sydney, Beijing and Hong Kong, seeking to make direct private equity and real estate investments with a new fund, as well as offering advisory services across the region.
Avigo closes third fund at $240 million
Delhi-based Avigo Capital Partners has closed its Avigo SME Fund III at $240 million, to be committed to investments into mid-market firms, according to reports.
LP t&c issues as power balance shifts
The debate over the impact of the GFC on the balance of power between GPs and LPs has focused much on whether any power shift is real, or just cosmetic.
Australia's Allegro announces Fund II
Allegro Private Equity, the Sydney-based ANZ independent mid-market investor, has announced the launch of its Allegro Fund II, seeking to raise A$200 million ($176 million) or above.
Japan, a Catch-22?
While Japan's estimated GDP growth sits at just 2.6%, China is forecasted to hit 9.6% growth in 2010.
Ripplewood MDs form new buyout firm in NY
MDs Tony Lee and Scott Spielvogel have left Ripplewood Holdings, the New York-headquartered buyout firm noted for its pioneering Asian investments, to start a New York fund management business called One Rock.