GPs
500 Startups closes $140m global fund, rebrands
500 Startups has closed its largest-ever global fund at $140 million, while simultaneously rebranding as 500 Global and expanding its strategy to include later-stage deals.
Profile: Vision Knight Capital's David Wei
Drawing on his experiences as a top executive at Alibaba Group, David Wei fashioned Vision Knight Capital into a China-focused private equity firm that aims to be both consultant and capital provider
Fund focus: AGIC sticks to cross-border growth thesis
Having found its sweet spot bridging the middle markets of Asia and Europe, AGIC Capital plans to stay there – although Fund II will move earlier to capture technology hardware post-commercialization
Virtual reporting: Lost in translation
GP-LP reporting in the age of remote portfolio assessments and stilted video catchups leaves much to be desired. Both sides are trying to bridge the divide, but no best-practice approach has emerged
Australia private wealth: Choosing channels
The swelling bank balances of Australia’s high net worth individuals and family offices are an attractive target for private equity. Access is becoming increasingly formalized across the spectrum
China's Future Capital closes debut growth fund
Chinese early-stage tech investor Future Capital has broadened its scope with the closing of its first growth fund at $108 million.
Baring Asia tilts towards growth
Baring Private Equity Asia expects 10% of its eighth pan-regional fund to be deployed in growth-stage investments, underlining how Asia’s traditional large-cap buyout funds are increasing their focus on minority deals in high-growth sectors like technology....
Kyobo Life arbitration favors GPs, but resolution still elusive
A private equity consortium's right to enforce a put option against the chairman of Korea's Kyobo Life Insurance has been upheld following arbitration, though the ruling stopped short of endorsing a price for the transaction.
CLSA raises $500m for second Asia private debt fund
CLSA Capital Partners has closed its second Asia-focused private debt fund – and a parallel co-investment vehicle – with $500 million in commitments.
Intudo raises $115m for third Indonesia fund
Intudo Ventures has closed its third VC fund focused exclusively on Indonesia at $115 million after less than three months in the market.
Q&A: C Ventures' Ben Cheng
Ben Cheng, a managing partner of C Ventures, mixes lifestyle trends and corporate VC as he helps Adrian Cheng, scion of Hong Kong’s New World Development, usher the family empire into a digital future
China's Baidu Ventures closes $400m fund
Baidu Ventures (BV), a venture capital firm established by Chinese internet giant Baidu, has raised $400 million for its third US dollar-denominated fund.
Japan's Coral Capital raises $127m for latest VC fund
Japan’s Coral Capital has confirmed a first and final close of JPY14 billion ($127.4 million) for its third venture capital fund. The vehicle is more than twice the size of its predecessor.
Elliott backs Olympus Capital Asia continuation fund
Elliott Management is supporting a $450 million restructuring of Olympus Capital Asia’s third fund, which involves taking out a profit participation loan held by Canada Pension Plan Investment Board (CPPIB) as well as buying standard positions from other...
AGIC raises $1.2b for second Europe-Asia fund
AGIC Capital, a private equity firm that focuses on cross-border investments along the China-Europe axis, has closed its second fund with $1.2 billion in commitments.
CVC hires Affinity's ex-Australia head
CVC Capital Partners is returning to the Australia market with the recruitment of Brett Sutton, formerly of Affinity Equity Partners, as country chair.
Secondaries: Straight outta Asia
The growing secondaries opportunity in Asia is attracting more global capital, but managers with strategies dedicated to the region are few. This is changing, albeit gradually
GP profile: China Renaissance
China Renaissance’s technology-focused investment business has grown from nothing to $9.5 billion in seven years. The firm wants to remain a boutique operator rather than embrace all stages and strategies
India's Prime Venture reaches $75m first close on Fund IV
Prime Venture Partners has reached a first close of $75 million on its fourth India-focused VC fund. The overall target is $100 million.
India's 3one4 names new partner
Indian venture capital firm 3one4 Capital has elevated Anurag Ramdasan to partner level, alongside a rush of more junior promotions.
Blockchain: Going mainstream
The most disruptive technology in financial services is also the most esoteric and misunderstood. As a long, speculative uptake phase unfolds, investors are coming to terms with the future
Inspiration Capital hits first close on debut China fund
Inspiration Capital Partners, a China-focused private equity firm established by investment professionals from Vivo Capital and Goldman Sachs, has reached a first close of approximately $65 million on its debut US dollar-denominated fund.
Singapore's Antler opens Korea office
Antler is extending an aggressive expansion with the opening of a Korean office. The Singapore-based incubator and VC investor has set up 11 overseas bases since its inception in 2017.
DSG recruits ex-Singha executive as Southeast Asia head
DSG Consumer Partners, which focuses on early-stage consumer investments in India and Southeast Asia, has appointed Sameer Mehta as an investment director and head of Southeast Asia.