GPs
Eight Roads builds out China team
Eight Roads Ventures has added three partners to its China team through promotion, bringing the total number in the country to 10.
Alibaba-backed eWTP pursues $1bn in VC fundraise
EWTP Arabia Capital, an investment arm of the Electronic World Trade Platform (eWTP) backed by Alibaba Group and Saudi Arabia’s Public Investment Fund, has raised nearly USD 1bn for an Asia-Middle East fund.
Value in adversity: Australia’s operational challenge
With Australia poised for a rarely-seen period of economic difficulty, the operational capabilities developed by domestic private equity firms will be put to the test
AVCJ Awards 2022: Fundraising of the Year – Venture Capital: Qiming Venture Partners
Qiming Venture Partners defied tough conditions to close its eighth US dollar-denominated fund on USD 2.5bn. Managing Partner Nisa Leung looks back on the process and examines the prospects for healthcare
Australia's Fortitude adds two partners
Australia-based Fortitude Investment Partners, formerly the growth capital investment business of listed alternatives manager Blue Sky, has promoted Bryan Brown and Sam O’Connor to partner.
Novo Tellus seeks $375m for third industrial tech fund
Novo Tellus Capital Partners, a Singapore-based private equity firm that invests in industrial technology assets across the Indo-Pacific region, has set a target of USD 375m for its third fund.
Inconfin closes India impact fund on $77m
Incofin Investment Management, a Belgium-headquartered impact investor, has reached a final close of USD 77m on a fund that will target financial inclusion and agri-food in India.
China's Oriza Rivertown raises $236m
Oriza Rivertown, the growth investment arm of Suzhou-based Oriza Holdings, has raised CNY1.6bn (USD 236m) across two funds, bringing its total asset under management to CNY 4.5bn.
Goldman raises $5.2b global growth fund
Goldman Sachs Asset Management (GSAM) has closed its debut global growth fund with USD 5.2bn in commitments. It claims this is one of the largest first-time growth vehicles ever raised globally.
Fund focus: ChrysCapital accumulates $1.4b India war chest
For ChrysCapital Partners, raising India’s largest private equity fund reflects the growth in the economy and in the investment opportunity, with bigger deals across more sectors on the agenda
Carlyle names Harvey Schwartz as CEO
The Carlyle Group has appointed Harvey M. Schwartz, formerly president and co-COO of Goldman Sachs, as its new CEO.
Southeast Asia's Openspace seeks $650m for latest vintage
Southeast Asia-focused Openspace Ventures is targeting USD 300m for its fourth venture capital fund and USD 350m for its second growth vehicle.
Q&A: Bertelsmann India Investments’ Pankaj Makkar
Pankaj Makkar has headed Bertelsmann India Investments since its inception in 2012. He reflects on a period of rapid market development with a new war chest that betrays confidence in more to come
Orchestra to launch debut Korea, Japan blind pool fund
Orchestra Private Equity, a Korea and Japan-focused manager that has to date operated on a deal-by-deal basis, plans to launch its first blind pool fund later this year.
China's Riverhead Capital closes $295m renminbi fund
China-based Riverhead Capital, the private equity arm of Sunshine Insurance Group, has closed a renminbi-denominated fund with CNY 2bn (USD 295m) in commitments.
B Capital raises $2.1bn for latest global VC funds
US and Singapore-headquartered VC firm B Capital has closed its third series of funds with USD 2.1bn in commitments. The mandate is global with a strong emphasis on Asia.
India's 360 One buys Mumbai Angels, launches two funds
Bain Capital-backed 360 One, which rebranded from IIFL Wealth & Asset Management last November, has acquired a 91% stake in Mumbai Angels as the seed investor launches two new funds.
Deal focus: Secondary investors support Capital Square, Basil merger
Capital Square Partners and Basil Technology Partners have joined forces, with HarbourVest Partners, NewQuest Capital Partners, and Committed Advisors backing a USD 700m fund comprising Asia IT services investments from both GPs
Asia PE investment declines 40% in 2022
Asia private equity investment reached USD 223.9bn in 2023, a sharp decline from the USD 376.4bn recorded a year earlier, but still the second-largest annual total on record, according to provisional data from AVCJ Research.
India's Lighthouse seeks $425m for Fund IV, gets NIIF commitment
Lighthouse Funds is targeting INR 35bn (USD 425m) for its fourth India fund and has signed up the country’s National Investment & Infrastructure Fund (NIIF) as an anchor LP.
Profile: Elevation Equity Partners’ Gordon Cho
Negotiating a spinout while troubled by health issues tested Gordon Cho’s faith and resilience. He feels stronger for the experience and is now looking to make his mark on Korea’s middle market
Labour shortages: Tales from north and south
Australia and Japan are facing extreme labour shortages. In the former, GPs can survive on policy support and emergency manoeuvres. In the latter, fundamental strategy shifts are a more immediate imperative
CVC hits USD 3.5bn first close on sixth Asia fund
CVC Capital Partners achieved a first close of USD 3.5bn on its sixth pan-Asian fund at the end of last year.
TR hits $350m first close on fifth Asia secondaries fund - update
TR Capital, an Asia-focused private equity secondaries investor, has reached a first close of USD 350m on its fifth fund, which has an overall target of USD 600m.