GPs
Karthik Prabhakar to leave India's Chiratae Ventures
Karthik Prabhakar, who joined Chiratae Ventures – then IDG Ventures India – as a senior analyst in 2011 and rose to the level of managing director and head of global fundraising, has announced his departure from the firm.
KKR's Greater China head transitions to advisor role
Paul Yang, KKR’s Greater China head, is moving to an advisory role as the private equity firm looks to appoint a replacement based full-time in mainland China.
Fund focus: Re-ups underpin FountainVest's Fund IV close
Despite headwinds that have afflicted all China-focused managers, FountainVest Partners closed its fourth fund just above target on USD 2.9bn. One-third of the corpus has already been deployed
India's Fundamental VC launches debut fund
Fundamental VC, an early-stage investor set up by two Indian angel investors and start-up ecosystem professionals, has launched its debut fund with a target of USD 130m.
PAG's Hong Kong IPO on hold amid weak market
Asia-focused private equity firm PAG has put its Hong Kong IPO on hold, three sources familiar with the situation told Mergermarket, AVCJ’s sister title.
GPs must adapt to raise capital from HNWIs - AVCJ Forum
Australia’s high net worth individuals (HNWIs) are becoming a more important source of capital for mid-market private equity firms as superannuation funds face minimum cheque size constraints, but tapping this fundraising channel requires understanding...
Matrix seeks $450m for fourth India fund
Matrix Partners has launched its fourth India venture capital fund with a target of USD 450m.
L Catterton seals $360m Asia strip sale
A Hamilton Lane-led consortium has agreed to support a USD 360m continuation fund comprising structured minority interests in investments held by consumer sector specialist L Catterton’s third Asian fund.
China's ZWC hits first close on debut renminbi fund
Chinese venture capital firm ZWC Partners has reached the first close of CNY 1bn (USD 149m) on its debut renminbi-denominated fund. The overall target is CNY 1.5bn.
Fund focus: LPs endorse Potentia’s software thesis
Potentia Capital took just four months to close its second fund on USD 438m, emphasizing the growing appeal of B2B technology opportunities in Australia and New Zealand
Hillhouse reaches first close on China carbon neutrality fund
Hillhouse Capital has reached the first close on its debut renminbi-denominated carbon neutrality fund, which has an overall target of around CNY 4bn (USD 597m).
GP profile: Future Capital
Chinese venture capital firm Future Capital bases its investments on strong networks and research as well as a fondness for founders who are not afraid to confound accepted wisdom
Monad targets up to $150m for second China software fund
Monad Ventures, a China-based VC firm specialising in early-stage enterprise software investments, is looking to raise up to USD 150m for its second US dollar-denominated fund.
Silicon Valley-based Scale Asia Ventures raises $30m fund
Scale Asia Ventures (SAV), a Silicon Valley-based investor that aims to bridge the US and Asia start-up ecosystems, has raised USD 30m for its latest early-stage fund.
New Zealand deep-tech VC Pacific Channel seeks co-investors
Pacific Channel, which claims to be the largest deep-tech specialist in New Zealand’s venture capital industry, is seeking co-investors to support maturing portfolio companies that require additional capital.
Korea's Hahn & Co targets $3.25b for Fund IV
Hahn & Company has set a target of USD 3.25bn for its fourth Korea-focused fund, which will include a co-investment sidecar of unspecified size.
Bain raises $2b for Asia special situations fund
Bain Capital has closed its second Asia special situations fund with more than USD 2bn in commitments. The firm described it as the largest vehicle in the region dedicated to the likes of direct lending, mezzanine debt, and distressed asset opportunities.
DCP hits $2.5b first close on second China fund
DCP Capital has already completed five investments from its second China fund, having completed a first close of USD 2.5bn in January.
India's Anicut Capital hits first close on VC fund
Indian early-stage investor Anicut Capital has achieved a first close of INR 1.1bn (USD 14.2m) on its latest VC fund, which is targeting INR 5bn. It coincides with the nomination of a new partner.
Q&A: Jungle Ventures’ Amit Anand
Singapore’s Jungle Ventures has closed its fourth early-stage tech fund on USD 600m, shattering an initial target of USD 350m. Amit Anand, a founding partner at the firm, unpacks the achievement
Cathay achieves $241m first close on renminbi fund
Cathay Capital Private Equity has reached a first close of CNY 1.6bn (USD 241m) on its second renminbi-denominated growth fund.
Affirma targets Korea private debt, secondaries
Affirma Capital is expanding its Korean coverage with the launch of dedicated private debt and secondaries businesses following a relaxation in local regulations.
Japan VC: Late-stage crossroads
Japan’s late-stage technology start-ups are finally beginning to attract meaningful attention from global investors. They should not pop open the champagne
Profile: Silverhorn’s Bert Kwan
During a career that has seen both highs and lows, Bert Kwan has demonstrated an ability to back growth opportunities in Asia’s emerging markets. He is planning on more of the same at Silverhorn