Fundraising

Babson to form mezz team for Asia

Babson Capital Management, the US investment advisor claiming to manage some $100 billion of assets on behalf of global institutions, has announced the formation of a team to invest in mezzanine debt opportunities in Asia Pacific.

UK's PSource plans China infrastructure fund

PSource Capital, a London-based alternative fund management and consulting firm, plans to form a China-focused infrastructure fund with seed capital of several hundred million dollars, committed by an unidentified Chinese investor.

Yes Bank cleantech fund first closing

India's private-sector Yes Bank is reportedly within two to three months of a $80 million first close for its first private equity cleantech fund, according to a public statement by the bank's COO, Alok Rastogi.

Origo goes to Mongolia

Origo Partners, an AIM-listed China and India-focused private equity firm, has opened an office in Ulan Bator to support a dedicated fund, Origo Altai Partners, for investment in Mongolia.

Second 3i infra fund within 12 months: Ahuja

Speaking to media in India, Anil Ahuja, head of 3i Asia, has said that the leading London-headquartered private equity group will commence fundraising for its second Indian infrastructure fund within the next 12 months.

New Horizon closes Fund III

New Horizon Investment Advisors, the Beijing-headquartered growth capital GP set up in 2005 as a JV between Temasek Holdings and SBI Holdings, has closed its New Horizon Capital III fund at $750 million, a New Horizon director confirmed to AVCJ.

Hu move highlights Goldman's role
Hu move highlights Goldman's role

The news that Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is retiring from the star investment bank after only two years in his current role, reportedly with plans to launch his own private equity fund, underlines the...

Elevar closes new "poverty" fund

Seattle and Banglalore-based investment management company Elevar has announced the closing of a new "poverty-focused" growth capital fund at $70 million, and seeking to invest in microfinance institutions and other poverty-related platforms in India,...

CalSTRS appoints Wirth as PE head

The California State Teachers' Retirement System (CalSTRS) has announced the appointment of Margot Wirth, previously interim co-head of private equity with the $132.6 billion LP, as its new director of the $16.8 billion private equity portfolio.

  • LPs
Ramnath attracts CPP IB

Leading North American LP the Canada Pension Plan Investment Board has reportedly decided to commit $100 million to the new private equity firm, Multiple Alternate Asset Management, launched by former ICICI Venture MD and CEO Renukah Ramnath.

ADIA Review reveals views, not value
ADIA Review reveals views, not value

Leading Middle East SWF the Abu Dhabi Investment Authority (ADIA) has released its first ever Annual Review, of its operations for 2009, giving a clear view of its dispositions and its priorities as it takes a view on particular investment areas and asset...

Fundraising: Coming back slowly

AVCJ’s latest soundings from the industry indicate that fundraising, long cited as the third shoe waiting to drop [sic.] as investments and exits regionwide recover post the GFC, may not be reviving as robustly as some had hoped.

Wilshire fundraising hit as Ennis resigns

Fund-of-funds Wilshire Private Markets has reportedly delayed its latest fundraising following the resignation of Jeffrey Ennis, its CIO and the latest senior executive to quit the firm within a year.

Hu leaves Goldman for own fund

Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is reportedly following a recent trend by quitting the star investment bank after only two years in his current role to launch his own private equity fund.

PineBridge Pacific Century sale hits fresh delay

The completion of American International Group's sale of its $87.3 billion asset management business, including some $27.3 billion of private equity assets, to Richard Li-backed Pacific Century, reportedly may face further delays, as Hong Kong police...

The Great Arbitrage
The Great Arbitrage

In this week's Editor's Viewpoint, Brent Nicklas of Lexington Partners shares a key strategic insight with Paul Mackintosh, AVCJ Managing Editor.

Israel's Infinity launches six RMB funds

Infinity-I China Fund, the Tel Aviv-headquartered venture capital firm led by Infinity Group CEO Amir Gal-Or, has launched six RMB-denominated private equity funds in partnership with seven Chinese cities, including Beijing, Suzhou, Harbin, Shijiazhuang,...

China Merchants entity plans third fund in three years

CMS Capital (HK) Co., Ltd., a fully-owned subsidiary of China Merchants Securities operated under China Merchant Group, one of the largest conglomerates in China, plans to launch its third private equity fund in three years since its formation.

KIC to invest $100 million in IFC fund

Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, will inject $100 million into a private equity fund managed by IFC Asset Management Company, a wholly-owned subsidiary of the International Finance Corporation (IFC), the private...

Harbor Pacific makes maiden first close

Harbor Pacific Capital, a Silicon Valley-based VC firm focused on tech companies in the US and Asia, has raised $32.8 million for the first close of its maiden fund, Harbor Pacific Capital Partners I, LP.

Merrill's Boston joins CP Eaton to lead private equity

Loren Boston, formerly Managing Director and Global Head of Origination for Merrill Lynch’s Private Equity Funds Group, comments to AVCJ following the news that he has joined leading placement agent CP Eaton Partners as an MD and member of the management...