Fundraising

SBI plans to raise $533 million for VC funds

SBI Holdings, the Japanese financial services firm, plans to raise some JPY49 billion ($533 million) by issuing new shares to finance expansion of the venture capital business it has formed in partnership with regional players in China and other emerging...

CLSA RMB fund JV aims to start investing 3Q10

Hong Kong-headquartered brokerage firm CLSA's China asset management joint venture aims to close on RMB10 billion ($1.5 billion) for its new energy and new materials-focused fund, according to Shi Derong, chairman of state-owned Shanghai Guosheng Group...

Shan quits TPG for own fund

Weijian Shan, hitherto Managing Partner with TPG Capital in Hong Kong and a leading regional investor for the firm, has now stepped down from his post in an apparently friendly departure, looking to form a new fund of his own.

TSMC invests Walden fund

Taiwan Semiconductor Manufacturing Co (TSMC), one of Taiwan's largest listed chipmakers, has invested $5 million in a new Shanghai Walden Semiconductor Venture Capital Investment Enterprise fund, which targets chip design start-ups in the PRC semiconductor...

China Everbright sells Everbright ALAM stake to Ashmore

China Everbright Ltd. has sold up to a 39% stake in Everbright ALAM, its investment manager specializing in China real estate currently co-owned with RQSI Ltd., to Ashmore Investment Management, a specialist emerging markets asset manager.

Sarona supports SEAF India fund, MicroVest

Sarona Asset Management Inc., a Canadian boutique investment firm, has committed capital to SEAF India Agribusiness International Fund, the agricultural fund of the Small Enterprise Assistance Funds group, and MicroVest II, a fund supporting microfinance...

Uni-President launches RMB fund

Uni-President Enterprises Corp., the Taiwanese foodstuffs conglomerate, is forming an RMB private equity fund to invest in China's foods and consumer space, seeking RMB1-3 billion ($146-440 million), according to PRC reports.

CICC targets $300m fundraising

China International Capital Corp. (CICC), the country’s biggest investment bank, targets to raise a $300 million private equity fund this September, seeking to achieve an annual IRR of 25% from domestic private equity opportunities.

S3 Investment launches Redwood Fund for China

OTC-quoted S3 Investment Company, a US investment banking and financial advisory firm seeking to tap the PRC market, has announced the launch of its Redwood Asia Fund, a growth capital private equity fund targeting opportunities in China and Mongolia.

HK's Quam teams with Abu Dhabi in new fund

Abu Dhabi’s state-owned Invest AD, formally known as Abu Dhabi Investment Company, and Hong Kong-based financial group Quam Ltd. are seeking $50 million for a joint fund named The Quam Middle East fund.

Barclays Capital arm backs Oz Hydra Energy

Barclays Natural Resource Investments, a division and co-investment partner of Barclays Capital, is backing the formation of Hydra Energy, a petrochemicals start-up seeking undeveloped or late-life oil and gas assets in Australia.

CX closes on $515 million

CX Partners, the Indian private equity firm headed by former CVC International India head Ajay Relan, has closed its debut fund at $515 million.

GE, CNOOC plan JV fund

PRC petrochemicals giant China National Offshore Oil Corp. (CNOOC) and General Electric Co. are in discussion to create a 50:50 JV private equity fund in the RMB3 billion ($440 million) range, according to PRC press reports.

Goodman and CPPIB launch joint fund

Goodman Group, Australia's largest industrial property trust, and the Canada Pension Plan Investment Board (CPPIB) announced the formation of a joint Australia-focused fund with with a target gross asset value of around A$400 million ($350 million).

Ashmore aims to raise $750 million for new energy fund

Ashmore Investment Management, the London-based emerging markets specialist, and PTC India, formerly known as the Power Trading Corporation of India, reportedly plan to launch a joint new energy-focused, close-ended fund that aims to raise $750 million...

SAIF eyes June close, major RMB fund

SAIF Partners is close to the long-anticipated $1 billion close of its SAIF Partners IV fund, expecting a result by end June, and is planning its biggest RMB fund to date as a follow-on, according to reports.