Fundraising
Singapore's 1982 hits $12.5m first close on seed fund
Singapore’s 1982 Ventures has reached a $12.5 million first close on its debut seed fund, which will focus on financial technology in Southeast Asia. The target is $15 million.
Hong Kong's Brinc raises $130m for blockchain programs
Hong Kong accelerator Brinc has raised $130 million for blockchain-related accelerator programs and a global expansion with support from Animoca Brands, a local segment leader backed by several VCs.
2022 preview: China fundraising
Investors held fire on commitments to China managers amid uncertainty over regulatory reforms. Industry participants hope the government will provide clarity, but the fear LPs won’t hurry back
Japan's Global Brain launches two VC funds, expands global remit
Japan’s Global Brain has launched its eighth flagship VC fund, seeking JPY40 billion ($352 million) for a more international-facing mandate. It has also launched a follow-on fund targeting JPY10 billion.
2021 in review: Boom time
Cheap debt and a desire for assets that deliver technology-driven growth have propelled Asia private equity investment to new highs and supported a resurgence in exits. But fundraising still fails to convince
Circulate hits second close on climate tech fund
Circulate Capital, a Singapore-based GP dedicated to reducing plastics pollution, has reached a second close of $25 million on its second fund.
Fund focus: Lightspeed bets on green-tech
Green-tech is the latest big idea being championed by Lightspeed China Partners. It has inspired a change in the firm’s name and it will underpin deployment of the new $920 million fund
Fund focus: AC Ventures hits its stride early
AC Ventures rallies global investors for an Indonesia-heavy Southeast Asia thesis, more than doubling its expected corpus as pandemic disruption changes everything but the plan
Goldman invests $96m in Australia disability housing player
Goldman Sachs Asset Management has committed A$137 million ($96 million) to Synergis, an Australian investment platform focused on providing housing for people with disabilities.
Lightspeed China closes US dollar fund at $920m
Lightspeed China Partners has closed its latest US dollar-denominated fund at $920 million. It is the largest fund raised by the firm and brings assets under management to $3 billion.
Indonesia's AC Ventures closes debut fund at $205 million
AC Ventures, an early-stage investor created through the merger of Indonesia’s Agaeti Ventures and Convergence Ventures, has closed its debut fund at $205 million. The target was $80 million.
Fund focus: A91 basks in India afterglow
Having increased its Fund II hard cap to $550 million in response to investor demand, the Indian manager is ready to address an Indian market that is increasingly digital, VC-exposed, and expensive
Legend hits first close on healthcare fund, launches TMT vehicle
Legend Capital has reached a first close of $177 million on its third US dollar-denominated China healthcare fund. It is one of five vehicles the GP has in the market, including its recently launched ninth flagship technology, media, and telecom (TMT)...
Blume hits $105m first close on fourth India VC fund
Indian venture capital investor Blume Ventures has achieved a first close of $105 million on its fourth fund, exceeding the full amount raised in the previous vintage.
Australia's Five V raises $398m for Fund IV
Five V Capital, a growth-oriented investor in Australia and New Zealand, has achieved a first and final close on its fourth fund with more than A$550 million ($398 million) in commitments.
Investors emphasize GP-LP alignment - AVCJ Forum
Eroding the alignment of interest between GP and LP – by tweaking the partnership structure, a manager overstretching to pursue multiple strategies, or conflicts emerging over secondaries – could harm returns at a time when valuations are already cause...
Singapore's Leo Capital targets $125m for third VC fund
Singapore-based early-stage venture capital firm Leo Capital has launched its third fund focused on India and Southeast Asia with a target of $125 million.
Australia's Allegro hits overall target with Fund IV first close
Allegro Funds, an Australia-based turnaround specialist, has reached a first close of A$600 million ($449 million) on its fourth fund, hitting the overall target for the vehicle.
Kejora, Sunway launch $25m Malaysia VC fund
Indonesia-based Kejora Capital and Malaysian conglomerate Sunway Group have established a $25 million VC fund focused on early-stage start-ups in Malaysia.
China's Bits x Bites closes second food tech fund at $100m
Bits x Bites, a Chinese VC firm focused on agriculture and food technology such as alternative protein, has closed its second fund at $100 million, beating a target of $70 million.
CBC, APG launch China healthcare infra fund
Specialist healthcare investor CBC Group has teamed up with APG Asset Management to launch a $1.5 billion fund dedicated to the development of healthcare infrastructure in China.
Baring, Quadrant claim firm of the year prizes at AVCJ Awards
Baring Private Equity Asia (BPEA) and Quadrant Private Equity won the firm of the year prizes at the 2021 AVCJ Private Equity & Venture Capital Awards, as KKR and NewQuest Capital Partners secured two victories apiece, and Weijian Shan received the AVCJ...
Japan's Olympus launches VC unit, $50m fund
Japan’s Olympus Corporation has launched a medical technology-focused venture capital unit, Olympus Innovation Ventures, with an initial commitment of $50 million for its debut fund.
India's A91 reaches $550m final close on Fund II
A91 Partners has closed its second India-focused fund with $550 million in commitments, nearly two-and-a-half years after raising $351 million for its debut vehicle.