GPs
Profile: WestSummit Capital’s Raymond Yang
Raymond Yang’s rich entrepreneurial experience in China and the US led to the formation of WestSummit Capital. He continues to draw on this knowledge as technology ecosystems evolve
Fund focus: Openspace begins growth story
Openspace Ventures has raised USD 200m for a fund that will primarily do follow-on rounds for existing portfolio companies. There is plenty of activity, but uncertainty lurks in the background
Lightspeed India promotes three to partner
Lightspeed India Partners has promoted Shuvi Shrivastava, Pinn Lawjindakul, and Rahul Taneja to partners with responsibility for early-stage investments.
GIC spinout seeks $750m for SE Asia growth deals
Growtheum Capital Partners, a private equity firm established by the former head of GIC’s direct private equity investment group in Southeast Asia, has achieved a first close of approximately USD 400m on its debut fund.
Australia's Mercury targets $595m for Fund IV
Australian mid-market private equity firm Mercury Capital is targeting AUD 800m (USD 595m) for its fourth fund.
Openspace closes SE Asia growth fund on $200m - update
Southeast Asia-focused Openspace Ventures closed its debut growth fund on target at USD 200m in the first quarter of 2022 and has already committed nearly half the corpus.
Burda's Asia head recruited by Eurazeo
Albert Shyy, formerly head of Asia at Burda Principal Investments (BPI), the investment arm of European technology and media company Hubert Burda Media, has joined Eurazeo in Singapore.
Creaegis targets $500m India fund
Creaegis, an India-based private equity firm established by Prakash Parthasarathy, formerly founding CIO and managing partner of PremjiInvest, is looking to raise USD 500m for its debut fund.
Hong Kong-based Martin Mok moves on from CVC
Martin Mok, a senior managing director with CVC Capital Partners in Hong Kong, has left the firm just over a year after his arrival from EQT.
Arkam secures $106m for debut India fund
Arkam Ventures, an Indian VC firm established by Rahul Chandra, formerly of Helion Venture Partners, has closed its debut fund on USD 106m.
Sequoia targets USD 7.1bn for latest China vintage
Sequoia Capital has defied a difficult China fundraising environment to set a target of USD 7.1bn for its latest set of funds, which include an expansion vehicle in addition to the existing growth strategy.
1Q analysis: Monetising managers
Baring Asia and PAG underline the value of their management entities; exits slump amid uncertainty; BGH Capital, renminbi GPs shore up fundraising; investment fails to extend the late 2021 flourish
Fund focus: ASEAN finds new inroads to global tech
SeaX Ventures is ramping up its “corporate venture capital-as-a-service” with a significantly upsized second fund and sharpened strategy around deep tech demand in Southeast Asia
Elevation raises $670m for latest India VC fund
India-focused Elevation Capital has closed its latest early-stage fund on USD 670m on the back of a 100% increase in the firm’s pace of deployment in the past 12 months.
China’s XVC raises $274m for third US dollar fund
Beijing-based venture capital firm XVC has raised USD 274m for its third US dollar-denominated vehicle. It brings overall assets under management to USD 1.2bn.
SeaX wins Thai corporate support for $60m second fund
SeaX Ventures – or Southeast Asia Exponential Ventures – has closed its second early-stage fund on USD 60m, surpassing the USD 50m target.
Southeast Asia's Dymon seeks $550m for Fund III
Dymon Asia Private Equity (DAPE) has set a target of USD 550m for its third fund, which will make investments in mid-market companies in Southeast Asia.
Aavishkaar hits $130m first close on latest India impact fund
Aavishkaar Capital has reached a first close of INR 10bn (USD 130m) on its latest India impact fund. It is reportedly targeting a final close of USD 200m.
India's True North to target local LPs for Fund VII
India-based middle-market private equity firm True North will make a concerted effort to market to domestic LPs for the first time on launching its seventh fund in the second quarter.
East Ventures names new managing partner
Indonesia’s East Ventures has promoted Wai Kit Koh, one of the founders of Temasek Holdings’ Pavilion Capital, to managing partner.
Permanent capital: A bridge too far?
GPs are increasingly looking for ways to hold assets beyond the traditional fund timeline, but perpetual and long-dated capital largely remain the preserve of global firms and smaller specialists
CVC seeks $6b for latest Asia fund
CVC Capital Partners will launch its sixth Asia fund in April with a target of at least USD 6bn, stepping up from USD 4.5bn in the previous vintage.
HealthQuad raises $162m for India healthcare VC fund
HealthQuad, an India-focused healthcare VC investor backed by Quadria Capital, has closed its second fund on USD 162m, more than twice the original target.
Asia PE firms must get smart, integrated on due diligence - Bain & Co
GPs must take a more comprehensive and integrated approach to due diligence in Asia if they are to find ways of driving operational improvement in companies and justify lofty entry valuations amid mounting economic uncertainty, according to Bain & Company.