GPs
India's Multiples targets up to $1b for Fund IV
Multiples Alternate Asset Management is looking to raise up to USD 1bn for its fourth India-focused fund, with the International Finance Corporation (IFC) proposing a USD 60m commitment.
Singapore's Wavemaker names new general partner
Singapore-based Wavemaker Partners has appointed Andy Hwang, an angel investor and start-up mentor transitioning into venture capital, as a general partner.
ESG: The case for convergence
With ISSB pursuing pre-eminence in sustainability-related financial disclosures and TCFD emerging as a preferred climate framework, investors and investees will have to get more serious about reporting
Q&A: AC Ventures' Adrian Li
Adrian Li, founder and managing partner of Indonesia-focused AC Ventures, on Chinese incursions into Southeast Asia, localisation versus scale, the prospect of a protracted downturn, and being an Ironman
One size does not fit all in Asia value creation – AVCJ Forum
Replacing portfolio company CEOs is not part of buyout firms’ value creation playbook in emerging markets, the AVCJ Private Equity & Venture Forum heard.
Japan PE sees digitalisation as national imperative – AVCJ Forum
Digital transformation is an urgent social issue as much as an operational one, Japan-focused investors told the AVCJ Private Equity & Venture Forum.
China's Sinovation reaches $250m mark on fifth VC fund
China-focused Sinovation Ventures reached a USD 200m first close on its fifth flagship US dollar-denominated fund in April and is currently around the USD 250m mark against a target of USD 500m.
Apollo's Rowan tips alternatives allocations to top 50% - AVCJ Forum
Marc Rowan, CEO of Apollo Global Management, told the AVCJ Private Equity & Venture Forum that he expects most investors to have an alternatives allocation of at least 50% within five years.
China investors plan to step up activity – AVCJ Forum
Investors told the AVCJ Private Equity & Venture Forum that they are looking to accelerate their pace of investment in China next year despite economic and regulatory challenges.
Tread more cautiously in PE-infra overlap – AVCJ Forum
Investors are increasingly challenged to reconcile a vanishing divide between some infrastructure and PE strategies, the AVCJ Private Equity & Venture Forum heard.
Investors see 2022 as a 'turning point' in GP-LP relations - AVCJ Forum
The private equity industry has undergone a profound shift as under-allocations have become over-allocations, fundraising and deployment have slowed, and the dynamic between GP and LPs has changed, the AVCJ Private Equity & Venture Forum heard.
Uncertainty prompts deal financing discipline – AVCJ Forum
Large-cap buyout investors told the AVCJ Private Equity & Venture Forum they are hesitating to underwrite higher returns as debt terms tighten in cloudier market conditions.
China's CCV raises $150m opportunity fund
China Creation Ventures (CCV) has raised USD 150m for an opportunity fund that will participate in follow-on rounds and back spin-outs from established companies.
Panacea closes second healthcare fund on $276m
Panacea Venture, a healthcare-focused investment firm established by James Huang, formerly a partner at KPCB China, has closed its second fund with approximately USD 276m in commitments.
TPG's Coulter calls for patience, perspective amid 'great reset' - AVCJ Forum
James Coulter, executive chairman and founding partner of TPG, told the AVCJ Private Equity & Venture Forum that the current “great reset” represents one of the most interesting periods in his career, although he advised investors to look beyond immediate...
Team diversity impacts fundraising prospects - AVCJ Forum
Asia-based managers are slower to implement diversity, equity, and inclusion (DEI) policies than their peers in other markets, but LPs told the AVCJ Diversity & Inclusion Forum that action on this issue is increasingly important to fundraising.
TPG reaches $3.4b first close on Asia fund
TPG has reached a first close of USD 3.4bn on its eighth flagship Asia fund, which launched earlier this year with a target of USD 6bn.
China to Singapore: A VC invasion
Chinese venture capital firms are establishing and expanding operations in Singapore in response to challenges at home and to address the Southeast Asian market. Do they have staying power?
Quona closes third financial inclusion fund on $332m
Quona Capital, which invests under a financial inclusion strategy across emerging markets, has closed its third fund on USD 332m, beating a target of USD 250m.
Hong Kong vs Singapore: No zero-sum game
Pandemic-related restrictions have dented confidence in Hong Kong as a private equity hub, while Singapore is on a roll. But gains for one don’t necessarily translate into losses for the other
Q&A: BlackRock's Michael Dennis
Michael Dennis, managing director and head of alternatives strategy and capital markets for Asia Pacific at BlackRock, on co-investment, customisation, and what Asian investors want from alternatives
India's 8i Ventures hits first close on Fund II
8i Ventures, an India-based early-stage venture capital firm, has achieved a first close of approximately USD 25m on its second fund. The overall target is USD 50m.
L Catterton hits first close on debut renminbi fund
L Catterton, a global private equity firm dedicated to consumer-focused investments, has reached a first close on its debut renminbi-denominated fund. The overall target is CNY 2bn (USD 275m).
China's Inspiration Capital closes Fund II on $82m
Inspiration Capital, a spinout from Qiming Venture Partners, has raised CNY 600m (USD 82m) for its second renminbi-denominated fund focused on cleantech and advanced manufacturing investments in China.