Fundraising
Delta Capital reaches $30m first close on Myanmar-focused fund
Delta Capital Myanmar, formerly known as PMM Partners, has reach a first close on its second Myanmar-focused fund at $30 million. The full target is $100 million.
Singapore's Tembusu teams up with Chinese entrepreneur Shengdong Pang
Singapore-based private equity firm Tembusu Partners has teamed up with Shengdong Pang, founder of Chinese start-ups 2345.com and 51.com, to build ties between nascent software companies in China and Southeast Asia.
Actis opens Hong Kong office to focus on IR, client services
Actis has opened an office in Hong Kong that will primarily be used for investor relations and client services activities in Asia, including Australia and New Zealand. The firm already has bases in Beijing and Mumbai.
LP interview: Alberta Teachers' Retirement Fund
When Alberta Teachers’ Retirement Fund developed a private equity program, it was able to learn from the experiences of others and focused on building deep relationships with a select group of managers
Fund focus: Falcon House shows its staying power
Falcon House Capital comfortably beat the target for its second Indonesia-focused fund, raising $400 million for deployment in middle-market consumer sector businesses
Fund focus: EMR mines value-add experience
EMR Capital has raised $860 million for its second fund, which will focus on control deals involving copper, gold, coking coal and potash - each of which is expected to see strong demand from China
Fund focus: Long Hill aspires to specialization
With the support of his former employer, New Enterprise Associates, Xiaodong Jiang has gone independent with Long Hill Capital. Early-stage healthcare and consumer services are now in his sights
Falcon House closes second Indonesia fund at $400m
Falcon House Partners has closed its second Indonesia-focused fund at the hard cap of $400 million, buoyed by continued optimism about the rise of domestic consumption and a favorable response to the Widodo administration’s policies.
China's CMC, Enlight back IMAX's VR fund
Two Chinese media players – sector specialist PE firm CMC Capital Partners and entertainment content provider Enlight Media – are among the first group of LPs in a virtual reality (VR) fund raised by IMAX Corporation and its Hong Kong-listed Chinese affiliate....
China's Redbud Capital launches $150m VC fund-of-funds
Redbud Capital, a VC fund-of-funds unit under Tsinghua Holdings, has launched a new vehicle worth RMB1 billion ($150 million) with several government-backed agencies to invest in China venture capital funds.
Taiwan's HTC launches $1.5b VR investment fund
HTC and the Shenzhen municipal government have agreed to set up a Chinese virtual reality (VR) research institute and a RMB10 billion ($1.5 billion) investment fund for the technology.
Family offices becoming more effective PE investors - AVCJ Forum
Family offices investing in Asia are improving their understanding of private equity and bringing increasingly sophisticated approaches to the asset class, industry professionals told the AVCJ Forum.
Australia's EMR closes latest mining fund at $860 million
Australian resources-focused PE investor EMR Capital has reached a final close of $860 million on its second mining fund, above the target of $750 million.
Long Hill reaches $125m final close on debut fund
Shanghai-based venture capital firm Long Hill Capital Management, a spin-out from New Enterprise Associates (NEA), has closed its debut fund at $125 million.
India's IL&FS closes latest fund at $60m
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing and Financial Services, has reached a final close of $60 million on its latest growth fund.
Two wins apiece for Quadrant, PAG, Affinity at AVCJ Awards
Quadrant Private Equity and PAG Asia Capital secured two wins apiece at the 2016 AVCJ Private Equity & Venture Capital Awards, with the former taking the firm of the year and mid-cap fundraise prizes, while the latter was recognized in the deal of the...
New Zealand's Movac reaches $74.5m first close on tech fund
New Zealand venture capital firm Movac has achieved a first close on its fourth technology-focused fund with NZ$105 million ($74.5 million) in commitments.
Asian private equity: The state we're in
Based on current progress, Asia is unlikely to match the last year's fundraising, investment and exit totals in 2016. But the fundamentals that underpin most PE opportunities in the region are still there
Asia's LP landscape
Asia is increasingly a target for private equity firms on the fundraising trail, but the region’s LP base can be difficult to penetrate, with huge variations in size, appetite and sophistication
Chinese LPs: Untapped potential
Still at an early stage of its development, China’s LP community has minimal exposure to offshore private equity. Institutions with big checkbooks aren’t necessarily the fastest movers
Q&A: Japan Post Bank's Tokihiko Shimizu
Japan Post Bank, which has $2 trillion in assets, launched its alternatives division earlier this year. Tokihiko Shimizu, head of private markets investment, discusses where and how the group is likely to invest
Transition time: Succession planning in private equity
Asian GPs face increased scrutiny on succession planning as LPs seek to distinguish franchises that are sustainable from those that are not. For some founders, sharing economics and power isn’t easy
Wattle Hill seeks $300m for Sino-Australian PE fund
Sydney-based private equity firm Wattle Hill RHC Funds has achieved a first close on its debut Sino-Australia cross-border fund with $200 million in commitments. The overall target is $300 million.
India's Centrum launches $75m PE fund
India-listed financial services company Centrum has launched a INR5 billion ($75.3 million) private equity fund to focus on domestic consumer-focused industries.