Fundraising
China Everbright, IDG launch $3b M&A fund
China Everbright (CEL) and IDG Capital Partners have launched a joint M&A investment fund of at least RMB20 billion ($3 billion) in size that will support the growth of companies in China and overseas.
Secondaries: Waiting for the shoe to drop
Asian secondaries players are counting on an explosion in demand for alternative liquidity solutions over the next few years, but cutting deals in this niche market requires a nimble approach
LP interview: Pantheon
Pantheon believes the growing experience of GPs in Southeast Asia comes at just the right time to take advantage of the region’s booming consumption opportunities
Lightspeed China closes Fund III at $260m
Lightspeed China Partners has reached a final close of $260 million on its third venture fund, substantially above the vehicle's $240 million target.
Waterbridge in first close on early-stage India fund - report
Waterbridge Ventures, an India-based VC firm founded by angel investor Manish Kheterpal, has reached a first close of $5 million on its fund targeting early and seed-stage investments.
Japanese LPs gradually turning to private equity - AVCJ Forum
Japanese institutional investors are increasingly interested and active in private equity, but engagement with the asset class is hampered by culture, limited human resources, and the lengthy time horizons involved, LPs told the AVCJ Japan forum.
Fund focus: Rising tide floats Golden Gate fund
Golden Gate Ventures has raised a new $60 million fund for investments in Southeast Asia's burgeoning mobile internet sector
Micro VC: Small is beautiful
Asia's micro VC segment is gaining appeal as diversity among fund managers grows
NewQuest closes Fund III at $540m
Direct secondaries specialist NewQuest Capital Partners has reached a final close of its third fund at the hard cap of $540 million, increasing it from the original hard cap of $520 million in order to accommodate investor demand.
Shenzhen Hepalink commits $60m to TPG biotech fund
Chinese drug maker Shenzhen Hepalink Pharmaceutical has agreed to commit $60 million to TPG Capital’s latest biotech fund.
IFC to support Abraaj's $200m Pakistan fund
The International Finance Corporation (IFC) has proposed investing up to $20 million in a Pakistan-focused fund being raised by The Abraaj Group. The vehicle has an overall target of $200 million.
China search giant Baidu launches $303m media fund
Baidu, China's leading internet search provider, has set up a RMB2 billion ($303 million) fund that will support the production of at least 30 movies over the next two years.
India's Lok Capital reaches $40m first close on third fund
Indian venture capital firm Lok Capital has reached a first close of $40.5 million for its third fund, which is targeting a $100 million total corpus within 12-18 months.
Japan fundraising: Stronger sentiment
A host of Japanese GPs are either in the market with new funds or preparing to enter it. Industry participants are optimistic that the process will be smoother than last time around
Hamilton Lane closes $210m global credit fund
Hamilton Lane has raised $210 million for a credit-focused strategic opportunities fund, exceeding the initial target of $150 million.
Golden Gate closes $60m SE Asia VC fund
Singapore-based Golden Gate Ventures has closed its second early-stage venture fund focused on Southeast Asia at $60 million.
Japanese LPs: Glacier effect
There is growing interest among Japanese institutional investors for exposure to alternatives. However, this doesn’t mean commitments will come quickly, or go to private equity first
Singapore's CapitaLand launches VC unit
Singapore real estate developer CapitaLand has set up a dedicated VC unit – known as C31 Ventures – to support global tech start-ups. This comes after the company received funding under the early stage venture fund program (ESVF) to make investments within...
China's Chenhui Capital, Lancy Group launch Sino-Korean fund
Chinese GP Chenhui Venture Partners have teamed up with one of its LP – Shenzhen-listed company Lancy Group – to create a Sino-South Korea PE fund that will invest in consumer and technology companies.
CDC commits $10m to South Asia impact investor
The DFID Impact Fund, a social impact investment vehicle managed by UK-based development finance institution CDC, has made its first investment in South Asia, committing $10 million to the Insitor Impact Asia Fund.
Sovereign funds increase alternatives allocations - survey
Global sovereign wealth funds have continued to cut their investments in bonds and increase their allocations to alternative asset classes, including private equity, infrastructure and real estate, according to a new survey.
Australia's Laguna Bay reaches $208m first close on agri fund
Australian agriculture fund manager Laguna Bay Pastoral Company has reached a first close of A$280 million ($208.5 million) on its second investment vehicle for institutional investors.
New Zealand VC: Apprehensive eruption
After a dormant 2015 during which no funds were raised, New Zealand has seen a flurry of activity in the first half of this year. It is piquing enthusiasm – albeit cautiously – for a fledgling VC space
Navis eyes $183m Malaysia-focused fund
Navis Capital Partners is seeking to raise up to MYR750 million ($183 million) for its second Malaysia-dedicated fund.