Fundraising
Franklin Templeton, Asia Alternatives to launch fund-of-funds
Franklin Templeton Investment and Asia Alternatives have agreed to form a joint venture that will provide bespoke global private equity fund-of-funds solutions.
GLP, GIC to establish $2b China logistics fund
GLP, a private equity-owned warehouse operator based in Singapore, has teamed up with GIC Private to establish a $2 billion logistics fund focused on China.
CITIC Capital hits $1.3b first close on new China fund
CITIC Capital has reached a first close of $1.3 billion on its latest US dollar-denominated China fund, which has an overall target of $2 billion.
Korean LPs prepare for a downturn - AVCJ Forum
Korean institutional investors are reviewing their alternatives allocations – and focusing new commitments on more liquid strategies such as credit – in anticipation of a correction in global markets.
Temasek commits $400m to India's NIIF
Temasek Holdings has agreed to invest up to $400 million in India’s National Investment Infrastructure Fund (NIIF).
SPACs: Beneficiaries of the bull run
Special purpose acquisition companies, or SPACs, are staging a modest comeback in Asia on the back of a resurgence in the US. These structures offer considerable upside, but they aren’t for everyone
I Squared raises $7b for global infrastructure fund
I Squared Capital, an infrastructure-focused private equity firm, has closed its second global fund at the hard cap of $7 billion.
Australia's NAB commits $36m to VC fund
National Australia Bank (NAB), has committed an additional A$50 million ($36 million) to its venture capital unit for investments in financial technology companies through 2020.
LP interview: Asian Infrastructure Investment Bank
Asian Infrastructure Investment Bank has moved fast to forge a name for itself as a champion of often ignored developing markets. As private sector activity ramps up, long-term plans are coming into focus
Myanmar's Anthem reaches first close on SME fund
Myanmar private equity firm Anthem Asia has reached a first close of $34.5 million on its debut fund, which will invest locally in small to medium-sized enterprises (SME).
Aditya Birla, Värde launch India distressed asset JV
Aditya Birla Capital (ABCL), the financial services arm of the Aditya Birla Group, and Värde Partners will launch a joint venture to pursue investments in stressed and distressed assets in India.
New Zealand's Genesis launches $20m PE fund
New Zealand’s Genesis Private Equity has launched its second fund focused on local small to medium-sized companies with a target of NZ$30 million ($20 million).
Sequoia raises $2.5b for China funds
Sequoia Capital has closed its latest China funds with $2.5 billion in commitments across growth, venture, and seed strategies.
Korea macro: Tempered tiger
Korea’s economic momentum has simmered down as demographic, political and industrial evolutions suggest a structural decline. Investors are monitoring the transition with a conditional sense of optimism
Korean project funds: Lines of sight
The prevalence of project funds in Korea is routinely linked to local institutional investors’ innate discomfort with blind pool vehicles. But is this dynamic holding back middle market managers?
Crescent raises $586m for sixth Australia, New Zealand fund
Crescent Capital Partners has closed its sixth Australia and New Zealand mid-market fund at A$800 million ($586 million) after less than three months in the market.
AVCJ Awards 2018 - Nominations have now closed
Nominations for the 2018 AVCJ Private Equity & Venture Capital Awards have now closed. The public voting stage of the process will begin around October 10.
CDC Group backs India's Pi Ventures
CDC Group has committed $6 million to a fund managed by Pi Ventures, an Indian firm focused on artificial intelligence (AI) and internet-of-things (IoT).
Sequoia India closes sixth fund at $695m
Sequoia Capital India has closed its sixth fund at $695 million, surpassing a target range of $625-675 million.
Singapore's Qualgro reaches $60m first close on second fund
Qualgro, a Southeast Asia and Australasia-focused VC firm that spun out from Singapore asset manager Gordian Capital, has secured a first close of $60 million on its second fund.
Los Angeles Fire & Police Pensions backs Baring Asia fund
Los Angeles Fire & Police Pensions (LAFPP) has committed $25 million to Baring Private Equity Asia’s seventh pan-regional fund. It invested the same amount in the firm’s previous two vehicles.
Singapore’s Tin Men targets $100m for debut fund
Tin Men Capital, a Southeast Asia-focused VC firm founded earlier this year, is targeting $100 million for its debut fund. The GP has committed $6.9 million to Overdrive IOT and Globaltix, marking its first two investments.
Matrix raises $300m for third India fund
Matrix Partners has raised $300 million for its third India-focused venture capital fund, which will back companies in sectors including consumer and enterprise technology and financial technology.
Japan's Line launches $10m token fund in Korea
Japan’s Line Corporation has set up a $10 million fund via a Korean subsidiary that will make token investments in early-stage blockchain start-ups.