Fundraising
Monument joins forces with secondaries advisor Mozaic
Placement agent Monument Group has merged with Mozaic Capital Advisors, a US-based boutique advisory firm focused on secondary transactions, following an eight-year strategic partnership.
Australia's Adamantem hits first close on environment fund
Australian middle market GP Adamantem Capital has reached a first close of AUD 150m (USD 100m) on its debut environmental opportunities fund (EOF) and made a first investment from the vehicle in food packaging business PAC Trading.
Q&A: Soul Capital’s Herry Han
Lightspeed China spinout Soul Capital is pursuing an early-stage dual-currency strategy in China. Herry Han, the firm’s founding partner and CEO, explains how and why he’s staying relevant
Deal focus: LeapFrog taps Asian appetite for impact
A multi-fund commitment from Hong Kong’s AIA Group to LeapFrog Investments underscores growing interest in impact strategies among Asian LPs as they hone social mandates
Illuminate Financial closes $235m VC fund, targets Asia
Illuminate Financial, a UK-headquartered GP with a base in Singapore, has closed its third fintech VC fund on USD 235m amidst plans to expand activity in the region.
Southeast Asia's Go-Ventures rebrands, raises $240m
Go-Ventures, an early to growth-stage investor established by Southeast Asian super app GoTo, has rebranded as Argor Capital Management and raised USD 240m for its second generation of funds.
China fundraising: Zombie apocalypse?
A pullback by US investors is exacerbating difficult fundraising conditions in China. Most managers are either delaying their return to the market or pulling every lever to secure commitments
Japan's Global Brain, Fukoku Life set up $35m VC fund
Japanese VC firm Global Brain has teamed up with Fukoku Mutual Life Insurance to set up a JPY 5bn (USD 35m) fund.
TA closes latest global fund at $16.5b hard cap
TA Associates, a global growth-oriented investor with an Asia portfolio that is relatively heavy on India and Australia, has closed its 15th fund at the hard cap of USD 16.5bn after seven months in the market.
Philippines VC firm Kaya raises $12m across two funds
Philippines-based VC investor and venture studio Kaya Founders has achieved a first close of USD 12m across two early-stage funds. The target - for both vehicles - is USD 25m.
China's Oceanpine to go heavy on green-tech in Fund III
China-focused Oceanpine Capital plans to deploy over half of its third US dollar-denominated fund – which it is currently preparing to launch with a target of USD 600m – in green-tech investments.
India's Lok seeks $200m for Fund IV, gets AIIB support
Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure Investment Bank (AIIB) for its fourth private equity fund. The target is USD 200m.
LPs eye secondaries to meet liquidity, rebalancing needs - Coller
Generating liquidity and rebalancing portfolios are the overwhelming priorities for LPs looking to sell in the secondaries market in the next two years, according to Coller Capital’s latest private equity barometer survey.
Ex-Eaton Asia head targets asset management, GP stakes
Chris Lerner, formerly of Eaton Partners and MSA Capital, has established an asset management operation that will ultimately raise an Asian fund-of-funds and teamed up with US-based Bonaccord Capital Partners to expand its GP stakes business into the...
KKR secures partnership with Japan Post Insurance
Japan Post Insurance (JPI) has launched a strategic partnership with KKR and the private equity firm’s insurance subsidiary Global Atlantic Financial Group. The deal will give JPI access to a broader range of investments and support its diversification...
Monolith closes debut China VC fund on $264m
Sequoia Capital China spinout Monolith Management has closed its debut venture capital fund at USD 264m, surpassing the hard cap of USD 250m.
Hong Kong's AIA commits $200m to LeapFrog
Hong Kong-listed insurance company AIA Group has agreed to commit USD 200m to various funds managed by LeapFrog Investments, a UK-based impact investor with an extensive Asia footprint.
Quadrant scales up Australia growth equity fund to $397m
Australia’s Quadrant Private Equity upsized the debut fund under its new growth-stage strategy to AUD 600m (USD 397m), having originally targeted AUD 300m.
Baidu launches $145m China AI fund
China-based technology giant Baidu has launched an artificial intelligence (AI) fund of CNY 1bn (USD 145m) that will focus on generative AI companies.
Kazakhstan investor backs TVM SE Asia healthcare fund
Qazaqstan Investment Corporation (QIC), a private equity fund-of-funds set up by the Kazakhstan government, has invested in a Southeast Asia fund managed by TVM Capital Healthcare.
HSBC commits $3bn to Greater China venture debt fund
HSBC has earmarked USD 3bn for a Hong Kong and mainland China start-up lending programme. It marks the bank’s first foray into venture debt in Asia.
HighLight updates final close timeline for China healthcare fund
HighLight Capital, a Chinese life sciences investor, has pushed out the final close on its fourth US dollar-denominated fund to the third quarter amid challenging fundraising conditions for the industry.
Primavera closes fourth China fund on $4bn
China-based private equity firm Primavera Capital Group closed its fourth US dollar-denominated fund in February on target at USD 4bn.
Asia private credit: Muffled momentum
The conservative virtues of private credit relative to private equity have come into fashion in a risk-off world. But global participation in the Asian side of the story will be limited