Fundraising
UK-based Social Finance to raise $2b for India impact investing
Social Finance, a globally focused impact investor based in the UK, plans to raise $2 billion for investments in India across two vehicles focused on education and local micro, small and medium-sized enterprises (MSMEs).
Morningside secures $1b for China venture fund
Morningside Venture Capital, a China-focused early-stage VC firm, has raised approximately $1 billion for its latest US dollar-denominated fund. It represents a considerable step up in size from the GP’s previous vehicle, which closed at $660 million...
Shaw Kwei closes fourth Asian fund at $812m
Shaw Kwei & Partners, a middle-market private equity firm that primarily focuses on the industrial, manufacturing and services sectors in Asia, has closed its fourth fund at $812 million.
Gobi, Core Capital launch $10m Philippines VC fund
Gobi Partners, a VC firm focused on early-stage Chinese and Southeast Asia companies, has made its first foray to the Philippines through the launch of a $10 million fund. It is partnering with Core Capital, a recently-established VC player based in Manila.
India's Iron Pillar closes debut fund at $90m
Indian venture capital firm Iron Pillar Capital Management has closed its maiden fund with aggregate capital commitments of just over $90 million.
India's Blume reaches $40m first close on early-stage fund
Indian venture capital firm Blume Ventures has reached a first close of $40 million on Blume Ventures Fund III, its third early-stage fund.
Avenue Capital raises $450m for Asia special situations fund
Avenue Capital Group has rebooted its Asia franchise by raising a $450 million fund that will target special situations opportunities across the region.
Adams Street closes global early stage fund at $426m
Adams Street Partners has reached a final close of $426 million on Adams Street Venture Innovation Fund II, its global early-stage fund-of-funds.
Fund focus: Maison in dollar fund breakthrough
China’s Maison Capital raises its first US dollar-denominated fund with a view to expanding its mandate while staying focused on a thriving domestic consumer market
Caldera seeks $200m for Southeast Asia fund
Caldera Pacific, a Southeast Asia-focused private equity firm that has spent the past four years working on a deal-by-deal basis, is looking to raise $200 million for its debut fund.
PE exposure helps Asian family offices outperform peers - survey
Asian family offices outperformed their counterparts globally in 2017 thanks to their relatively high exposure to private equity and emerging market public equities, according to a survey.
TPG, SoftBank Ventures Korea team up for $300m China fund
TPG Capital and SoftBank Ventures Korea are launching a $300 million China fund that will invest in start-ups focusing on technology, media, and the internet.
Asia fundraising: The $10b club
Hillhouse Capital has broken the record for Asia private equity fundraising by collecting $10.6 billion for its most recent vehicle. But how will the firm put all this money to work?
India's Pi Ventures closes early-stage fund at $31m
Pi Ventures, an Indian early-stage investor focused on artificial intelligence (AI) and machine learning, has closed its debut fund at INR2.25 billion ($30.9 million).
China’s Maison secures $200m for US dollar fund
Chinese growth capital private equity firm Maison Capital has closed its first US dollar-denominated fund at $200 million.
Investcorp makes China debut, backs Everbright fund
Investcorp, a Bahrain-listed asset manager, has made its first foray into China by committing $150 million to China Everbright’s New Economy Fund. There is an additional co-investment right of up to $100 million.
Hillhouse completes $10.6b fundraise
Hillhouse Capital has closed its latest fund – which will make healthcare, consumer, technology, and services investments globally, but with a focus on Asia – with commitments of $10.6 billion.
Renminbi fundraising: Winter has come
A two-year renminbi fundraising boom in China has ended abruptly due to a combination of controversy, regulatory intervention, and dwindling investor sentiment. But the market may benefit in the long term
Hong Kong's Social Impact Partners closes second fund
Social Impact Partners (SIP), a Hong Kong-based venture philanthropy organization supported by several private equity firms, has closed its second fund with $2 million in commitments.
OPIC commits $150m to Quadria healthcare fund
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, has committed $150 million to Quadria Capital II, the latest fund of healthcare-focused PE firm Quadria Capital.
Golden Gate closes SE Asia VC fund at $100m
Golden Gate Ventures has closed its third Southeast Asia-focused fund at $100 million. Like its predecessors, the oversubscribed fund will invest in start-ups using technology to disrupt traditional business models in the consumer sector.
AIC wins domestic PE mandate from Chikyoren
Japan’s Pension Fund Association for Local Government Officials (Chikyoren) has awarded a domestic private equity mandate to Alternative Investment Capital (AIC).
India's Lightbox Ventures seeks $200m for Fund III
Lightbox Ventures has raised $178 million for its third India-focused VC fund, which is targeting a final close of $200 million by the end of the year.
Secondary staples: Structural dynamics
GP-led restructurings are going mainstream, including complex transactions that combine primary and secondary commitments. As deal demand grows, so do concerns about risk