Fundraising
China's Meituan-Dianping launches $436m consumer fund
Meituan-Dianping, a China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has launched a RMB3 billion ($436 million) fund that will make early-stage consumer sector investments.
ChrysCapital raises $600m for seventh India fund
ChrysCapital has closed its seventh India fund with more than $600 million, beating its target.
The hybrids: GPs seek to work with Australian family offices
Australia’s lower middle market is rich in investment opportunities but underpenetrated by private equity. Local family offices are increasingly keen on participating, although in their own way
CDC, Manipal launch $80m emerging markets healthcare fund
UK-based development finance institution (DFI) CDC Group has partnered with India’s Manipal Education & Medical Group for an $80 million fund targeting healthcare investments in emerging markets.
China's CITIC Group launches $873m education fund
An investment unit of Chinese conglomerate CITIC Group has launched a RMB6 billion ($873 million) buyout fund that focuses on China's education sector.
Ex-CHAMP Ventures, Quadrant executives raise $211m fund
Three former CHAMP Ventures executives have teamed up with George Penklis, a co-founder of Quadrant Private Equity, to raise a A$275 million ($211 million) Australia and New Zealand middle-market fund.
Fund focus: VIG steps up for Fund III
South Korea VIG Partners closed its third fund at the hard cap of $600 million, having won over LPs with its past history and future prospects in buying and building middle-market consumer businesses
Singapore's CapBridge launches $100m VC fund
Singapore-based investor CapBridge Investment Trust (CIT) is targeting $100 million for a growth-stage VC fund that aims to improve access to established start-ups for institutional investors.
Fund focus: Asian LPs back AGIC's cross-border proposal
AGIC Capital is targeting up to three more deals in 2017 as its debut Asia-Europe fund closes at $1 billion, having received strong support from Asian LPs
Fund focus: CITIC rides the Japan wave
CITIC Capital raises $268 million for third Japan fund, benefiting from an upturn in investor sentiment that should prove to be a boon for Japanese GPs in general
Azerbaijan fund commits $100m to e-Shang Redwood's Japan vehicle
Azerbaijan’s state oil fund (SOFAZ) has agreed to invest $100 million in a Japan-focused logistics vehicle being raised by e-Shang Redwood (ESR), a pan-Asian logistics services company that has a string of private equity backers.
VIG reaches $600m final close on third Korea fund
VIG Partners has closed its third Korea-focused fund at $600 million, with support from new and existing investors including Korea’s National Pension Service (NPS).
New Zealand's Direct Capital closes Fund V at $270m
New Zealand-based private equity investor Direct Capital has closed its fifth buyout and growth fund at NZ$375 million ($270 million).
Bain targets $750m for Asia special situations fund
Bain Capital Credit is targeting $750 million for an Asia-focused special situations fund to pursue direct lending, mezzanine debt and distressed asset opportunities across the region.
AGIC closes Asia-Europe fund at $1b
AGIC Capital, which invests in European high-end manufacturing companies with expansion potential in Asia, has closed its debut fund on target at $1 billion.
India's Sathguru launches $100m agritech fund
India-based Sathguru Management Consultants has launched a $100 million fund to invest in start-ups focused on innovation in the food and agriculture sector.
Longreach achieves first close on North Asia buyout fund
The Longreach Group is understood to have reached a first close of approximately $200 million on its third North Asia-focused mid-market buyout fund, which has a particular focus on Japan. The full target is $650 million.
CITIC Capital closes third Japan fund at $268m
CITIC Capital Partners has achieved a final close on its third Japan buyout fund at the hard cap of JPY30 billion ($268 million). Three investments have already been made from the vehicle across retail and healthcare.
HK's Delphinium in $16m first close on female-focused fund
Delphinium Capital Partners, a Hong Kong-based GP formed by Harmony Asset Management executive Vivian Yan, has reached a first close of $16 million on its debut fund, which focuses on Asian female-led companies.
Stellaris reaches $50m first close on India VC fund
Stellaris Venture Partners, a Indian venture capital firm that spun out from Helion Venture Partners, has reached a first close of $50 million on its debut fund. The full target is $100 million.
Ride-hailing app Grab launches $100m Indonesia VC fund
Southeast Asian ride-hailing app operator Grab has created a $100 million fund to invest in Indonesian start-ups as part of its expansion plan in the country.
IFC considers $20m commitment to IDG India fund
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $20 million in IDG Ventures’ third India-focused fund.
CIC, Temasek, Hopu back Shenzhen innovation fund
China Investment Corporation (CIC), Silk Road Fund, state-owned property developer Shum Yip Group and Singapore's Temasek Holdings have launched a technology investment fund in partnership with SoftBank-owned ARM Holdings and Hopu Investments.
China Everbright reaches second close on global fund
China Everbright has reached a second close of $294 million on its cross-border investment fund.