GPs
Korea: A good time to be different?
Macroeconomic uncertainty and liquidity risk are pushing Korean private equity firms to think beyond buyouts, double down on operational capabilities, and consider all their exit options
Baring Asia hits final close on eighth pan-regional fund
Baring Private Equity Asia (BPEA), which agreed to merge with EQT earlier this year, has closed its eighth pan-regional fund with commitments of USD 11.2bn.
ICI signals growing climate agenda in Asia PE
Initative Climat International (ICI), a private equity community dedicated to stemming global warming, has launched an Asia Pacific chapter, signalling a growing regional commitment to climate issues.
Q&A: Unitus Ventures’ Surya Mantha
Indian returns-focused impact investor Unitus Ventures is sharpening its thesis around jobs as it celebrates its 10-year anniversary. Surya Mantha, a managing partner at the firm, traces the evolution
China's Welkin Capital targets London IPO
China-focused Welkin Capital is looking to raise up to USD 300m through an IPO for a London-listed investment entity seeded with assets from its debut private equity fund, which closed in 2017.
Japan’s D Capital nears target for debut PE fund
Japan’s D Capital, a private equity firm specialising in digital transformation that spun out from Unison Capital last year, has raised JPY 26bn (USD 188m) for its debut fund against a target of JPY 30bn.
Japan middle market: Crowded field
The expansion of Japan’s middle-market private equity scene has not kept pace with the rise in global investor interest. Spiking competition is inducing GP formation, but impediments are myriad
GP profile: CMC Capital Partners
China-focused CMC Capital Partners’ remit has expanded from media to consumer and technology, but the firm believes its knowledge and discipline as a specialist investor have never been more relevant
Fund focus: Fundamentum finds its niche
As one of few Series B and C specialists operating in India, The Fundamentum Partnership expects to have plenty to choose from over the next two years as the glut of early-stage start-ups thins out
GrowX team seeks $100m for spinout India VC fund
The team behind Indian angel investor GrowX Ventures has launched a separate fund targeting USD 100m under the name Merak Ventures.
AIGF closes second ASEAN fund on $127m
AIGF Advisors, a private equity firm sponsored by Japan’s Mitsubishi Corporation, has closed its second ASEAN-focused fund with JPY 17.3bn (USD 127m) in commitments.
LPs emphasize differentiation in China venture capital
LPs want to back Chinese venture capital firms that are differentiated from their peers, although there remains an element of discomfort with efforts to achieve this through increasingly popular China-plus strategies.
Carlyle forms Australia, New Zealand private credit joint venture
The Carlyle Group has broadened its Asia private credit coverage through the establishment of a joint venture with Australia-based credit investor and corporate advisory firm Amicaa.
Investors call on Hong Kong to prioritise talent retention, innovation
Hong Kong must deploy a series of initiatives around talent retention and the fostering of innovation if it is to remain competitive as a financial hub within Asia, the Hong Kong Venture Capital & Private Equity Association’s (HKVCA) China forum heard.
Fundamentum raises $227m for India growth-stage tech fund
The Fundamentum Partnership, an India-based growth-stage technology investment firm established by Infosys co-founder Nandan Nilekani and Helion Venture Partners co-founder Sanjeev Aggarwal, has closed its second fund on USD 227m.
Winreal hits $150m first close on China tech fund
Winreal Investment, a China-based venture capital firm established by a former chief engineer at domestic telecom equipment provider ZTE Corporation, has reached a first close of CNY 1.3bn (USD 150m) on its latest renminbi-denominated fund.
AVCJ Awards 2022 - nominations have closed
Nominations for the 2022 AVCJ Private Equity & Venture Capital Awards have now closed. Many thanks to all those who participated.
Partners Group appoints Japan private equity head
Partners Group has initiated full-scale coverage of Japan’s private equity market with the recruitment of Tatsuya Ochi to lead local operations for the asset class.
Q&A: Brookfield Asset Management’s Daniel Cheng
Brookfield Asset Management recently raised USD 15bn for a fund dedicated to global energy transition. Daniel Cheng, a managing director with the firm in Shanghai, maps out likely deployment
China investigates Sino IC Capital executives
Several executives at Sino IC Capital, which manages China's largest semiconductor-focused investment fund, are under investigation for suspected serious legal violations.
Sequoia launches China accelerator
Sequoia Capital China has launched an accelerator programme under the Yue brand, which will provide systematic training and resources for entrepreneurs at the angel and Series A stages.
US private debt player Waterfall launches in Hong Kong
Waterfall Asset Management, a US alternatives manager primarily active in the private debt space, has established an Asia presence with the opening of an office in Hong Kong.
Tech sector troubles hit Vision Fund performance
Valuation corrections across the technology sector globally continue to undermine the Vision Fund series, resulting in parent company SoftBank Group posting its second consecutive quarterly loss and founder Masayoshi Son professing shame at hyping up...