Fundraising
LP interview: Escala Partners
Escala Partners is one of a cluster of Australia-based wealth management platforms attracting more attention from private equity fundraisers. Getting on its approved list requires push as well as pull
Singapore's Qualgro seeks $150m for Fund III
Qualgro Partners, a Singapore-headquartered venture capital firm, is looking to raise USD 150m for its third fund.
Energy transition: An emerging speciality
Kerogen Capital is trying to plot a more nuanced course into energy transition than building renewables. It is one of a growing number of nascent specialists in the space.
Deal focus: PrimeMovers buys Malaysia machinist in debut deal
PrimeMovers, which spun out from Platinum Equity last year, and UK-based Lingotto Investment Management have jointly acquired Malaysian precision manufacturing company EngTek
Fund focus: Foreign LPs creep into Japan VC
Japan’s Dimension has closed its first fund since spinning out from Dream Incubator, more than doubling its prior vintage and tracking increased interest among regional institutional investors
Australia's Giant Leap closes second impact fund with $30m
Australian impact VC investor Giant Leap has closed its second fund with about AUD 45m (USD 30m) in commitments. The firm raised AUD 15m for Fund I in 2016.
BII backs Southeast Asia energy transition fund
British International Investment (BII), a UK development finance institution (DFI), has committed USD 15m to a Southeast Asia-focused energy transition infrastructure fund managed by Switzerland-based Susi Partners.
Exacta seeks $350m for SE Asia fund, wins ADB support
Singapore’s Exacta Capital Partners, a PE firm affiliated with Mizuho Asia Partners, has received USD 25m from Asian Development Bank (ADB) for its latest fund. The target is USD 350m.
Japan Post Bank sees sharp increase in PE exposure
Japan Post Bank’s (JPB) private equity funds exposure increased 75% to JPY 5.6trn (USD 40.4bn) in the most recent financial year, which it said was largely driven by a change in accounting standards.
Qiming hits $930m final close on latest renminbi fund
Qiming Venture Partners has closed its seventh renminbi-denominated fund on CNY 6.5bn (USD 930m), marking what it claims is China's largest local currency fundraise of 2023 to date
East Ventures closes follow-on fund at $250m
East Ventures has announced a first and final close of USD 250m on its latest follow-on fund, bringing capital raised in the past 12 months to USD 835m.
Fund focus: Patience pays for off for Movac
New Zealand VC firm Movac has exceeded expectations with its latest vintage, trading individuals and families for institutions, some of which are entering the asset class for the first time
Japan’s Dimension closes second VC fund on $75m
Dimension, a spinout of Japan’s Dream Incubator, has closed its second VC fund with JPY 10.1bn (USD 75m) in commitments.
New Zealand's Movac raises $125m for Fund VI
New Zealand-based Movac has closed its sixth technology fund on NZD 202m (USD 125m) despite what Mark Vivian, a general partner at the venture capital firm, described as “the most challenging fundraising conditions I've experienced since the GFC [global...
Global LPs steer clear of China - Mergermarket Forum
Geopolitical uncertainty is making global institutional investors increasingly risk-off on Asian private equity – and on China in particular – at a time when overallocation issues are already restraining the pace of commitments to the asset class.
Japan's Genesia closes Fund III on USD 110m
Japan’s Genesia Ventures, a seed-stage tech investor with a presence in Indonesia and Vietnam, has closed its third fund on USD 110m.
Stride hits first close on third India venture debt fund
India-based venture debt provider Stride Ventures has reached a first close of USD 100m on its third fund, which has an overall target of USD 200m.
Japan's SMBC, Incubate set up USD 200m Asia VC fund
Sumitomo Mitsui Banking Corporation (SMBC) has established a USD 200m growth and late-stage pan-Asian VC fund in partnership with Japan’s Incubate Fund, which will co-manage the vehicle.
Fund focus: Chiratae eyes global growth
Chiratae Ventures has raised a growth-stage fund to participate in later-stage rounds for Indian portfolio companies that are becoming ever larger and ever more international in their outlook
Fund focus: Integra focuses on the fintech layer
One of few sector specialists in market populated by Indonesia-focused generalists, Integra Partners has fashioned a differentiated investment narrative. LPs committed $90m to the cause
Japan VC: Global appetites
The relatively recent advent of sizeable VC funds and high-profile start-ups in Japan has exposed long-simmering ambitions to be more international. This could be a breakout moment
3one4 raises $200m for early-stage India fund
Indian venture capital firm 3one4 Capital has closed its fourth early-stage fund – and sixth overall – on target at USD 200m. The fundraising process took two-and-a-half months.
Integra closes second Southeast Asia VC fund on $90m
Singapore-based early-stage venture capital firm Integra Partners confirmed it has closed its second fund on USD 90m.
India's Multiples reaches $640m first close on Fund IV
Multiples Alternate Asset Management has reached a first close of USD 640m on its fourth India-focused fund as it bids to become one of the relatively few local managers to raise USD 1bn.