Fundraising
Fund focus: AirTree goes full service
AirTree Ventures raised $188 million for its third fund on the back of a hiring spree that has doubled headcount and added operational capabilities as the firm looks to nurture a new generation of Australian unicorns
Fund focus: J.P. Gan bucks VC fundraising trend
Having spent 12 years at Qiming Venture Partners, J.P. Gan has raised $352 million for his debut fund at Ince Capital Partners. More early-stage consumer internet deals will follow
Aspirant scales up for third Japan buyout fund
Aspirant Group, a Japanese middle-market buyout firm, has closed its third fund at the hard cap of JPY50 billion ($463 million). It is nearly twice the size of the GP’s previous vehicle.
Jungle closes Southeast Asia VC fund at $240m
Singapore-based Jungle Ventures has closed its third early-stage Southeast Asia VC fund at $240 million, more than doubling the previous vintage.
KKR plans Asia tech fund
KKR plans to raise a growth-stage technology fund focused on Asia, expanding a strategy that is already operational in North America, Europe, and Israel.
China-US PE: Reverse princeling
When a US presidential candidate’s son with Chinese private equity connections stirs up accusations of impropriety, the questionable merits of princeling funds appear more muddled than ever
Advantage seeks $690m for sixth Japan buyout fund
Advantage Partners is looking to raise around JPY75 billion ($690 million) for its sixth Japan-focused middle-market buyout fund, up from JPY60 billion in the previous vintage.
Japan succession planning: The generation game
By selling a stake in the GP, Advantage Partners has broken new ground in Japanese private equity. The move is designed to facilitate ownership transition, accumulate balance sheet capital
Australia's AirTree closes third fund at $188m
Australia’s AirTree Ventures has closed its third fund at A$275 million ($188 million) with substantial contributions from local superannuation funds.
Ex-Qiming managing partner raises $352m for debut China fund
Ince Capital Partners, a Chinese consumer internet-focused venture capital firm established by former Qiming Venture Partners executive J.P. Gan, has closed its debut fund at the hard cap of $351.9 million.
Merck launches China seed fund
Germany-based life sciences and healthcare technology giant Merck has launched a RMB100 million ($14.1 million) seed fund targeting Chinese start-ups.
LP interview: AustralianSuper
Internalizing management is a priority for AustralianSuper across all asset classes. In private equity, this means forging relationships with a concentrated pool of managers and pursuing co-investment
China's MSA receives VC fund commitment from Al Waha
China-based MSA Capital, also known as MagicStone Alternative Investments, has confirmed that Middle Eastern investor Al Waha has made an LP commitment to its second venture capital fund.
HarbourVest boosts Australia, New Zealand IR coverage
HarbourVest Partners has appointed Warwick Mancini as a principal with responsibility for investor relations in Australia and New Zealand.
Permira closes seventh global PE fund at $12b
Permira has reached a final close on its seventh global private equity buyout fund at the hard cap of EUR11 billion ($12.1 billion).
LGT closes fourth Asia fund-of-funds at $1b
LGT Capital Partners has closed its fourth Asia Pacific fund-of-funds at the hard cap of $1 billion. It had initially targeted a final close in October 2020.
Advantage sells GP stake to Japanese strategic
Japanese mid-market private equity firm Advantage Partners has agreed to sell a minority stake in its fund management entity to domestic financial services company Tokyo Century Corporation.
India's Inventus closes third VC fund at $52m
India and US-focused Inventus Capital Partners has closed its third fund at INR3.6 billion ($52 million). It is the early-stage investor's first vehicle dedicated solely to India.
MoFo adds fund formation partner in Hong Kong
Morrison & Foerster (MoFo) has bolstered its Asia fund formation capabilities with the appointment of Nicholas Sheets as a partner based in its Hong Kong office.
Fund focus: Hahn eyes more big buyouts
With $3.2 billion in dry powder, Hahn & Company is looking for larger deals in a Korean market that already punches above its weight in private equity terms
Cortina targets $100m for Australia cross-border fund
Cortina Capital, a private equity firm that invests in Australian health and wellness brands with export potential in China and other Asian markets, is looking to raise $100 million for its debut fund, AVCJ understands.
Korea's Hahn & Co raises $3.2b for Fund III, co-invest sidecar
Hahn & Company has closed its third Korea-focused buyout fund with $3.2 billion in commitments – the largest vehicle ever raised by an independent manager for investment solely in the country.
Mekong targets $250m for fifth Vietnam fund
Mekong Capital has launched its fifth private equity fund focused on the Vietnam middle market. A hard cap has been set at $250 million.
HarbourVest spins out part of Norwest's India portfolio
HarbourVest Partners has spun out part of the Norwest Venture Partners India portfolio into a new fund to be managed by Avataar Venture Partners.