Matrix Partners India closed its third fund in speedy fashion despite ongoing woes about consistency in the country’s venture environment. Patience regarding comparisons with China has been critical
Korea comes to the fore as investment in China slows; venture capital and pan-regional players remain preeminent in Asia fundraising; IPO weakness reflects investor wariness
Japan’s Mitsui & Co has invested in Israel-based Magenta Venture Partners’ debut fund, which is targeting $100 million and to date backed entirely by Japanese corporates.
Lightspeed China Partners took just three months to raise $560 million for its fourth US dollar fund, which includes a $200 million sidecar for follow-on investments
Private equity investment in Asia slowed to $183.3 billion in 2018 – from $207.3 billion the previous year – as a decline in large-scale buyout activity offset a surge in late-stage rounds for technology companies.
The Los Angeles City Employees’ Retirement System (LACERS) has committed $25 million to Baring Private Equity Asia’s seventh pan-regional fund, the same amount it committed to the GP’s previous vehicle.
TPG Capital and CICC Capital, the private equity arm of China International Capital Corporation (CICC), have agreed to establish a joint platform that will make investments in US dollars and renminbi.
Indian private equity firm ChrysCapital has closed its eighth fund at $867 million. The vehicle was oversubscribed and the fundraising process took four months.
VC fundraising has been on a roll in Asia as managers raise larger sums to address fast-growing investment opportunities. GPs must consider what – and how much – makes them stand out from the crowd
China Everbright has reached a final close of $539 million on its cross-border investment fund, with the commitments coming from corporate investors, family offices, and fund-of-funds.
Asian institutional investors are looking to increase allocations to private markets in order to mitigate the risks of a potential economic downturn, a new survey has found.
Shenzhen Capital Group has reached a first close of RMB1.8 billion ($263 million) on its debut M&A fund. The vehicle has an overall target of RMB3.6 billion.
Malaysian government-backed private equity firm Ekuinas has set up its fourth fund with MYR1 billion ($242 million) and an option to increase the corpus to MYR1.5 billion.
Lightspeed China Partners has closed its latest US dollar-denominated fund at $560 million. It is the largest fund raised by the firm to date and brings assets under management to $1.5 billion.
Axiom Asia has closed its fifth regional fund-of-funds at $1.39 billion - beating the target of $1.01 billion - and also raised $210 million for its first dedicated co-investment vehicle.
Adams Street Partners has closed its latest global fund-of-funds with $824 million in commitments. It exceeds a target raise of $800 million.
With $1.4 billion in dry powder at its disposal, Japan Industrial Partners has the firepower to target a wider variety of corporate carve-out opportunities
Sequoia Capital China took just two weeks to close its latest VC fund. The firm accumulated $2.5 billion in total across multiple strategies
Communication and discipline helped Affinity Equity Partners complete a first and final close of $6 billion on its latest pan-Asian fund within four months
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
Bain Capital has reached a first and final close on its fourth Asia-focused private equity fund at the institutional hard cap of $4 billion. Employees of the firm and related parties will contribute a further $650 million.
AVCJ looks at how its 2018 predictions turned out and identifies some key themes for the year ahead
IndoSpace, a joint venture between Everstone Group and US-based Realterm Global that develops Indian industrial and logistics facilities, has closed its third fund at $580 million.
Creador has raised $50 million for its fourth Southeast Asia and India-focused private equity fund from the Asian Development Bank (ADB).