GPs
China's Yunqi promotes Yu Chen to partner
Chinese venture capital firm Yunqi Partners has promoted Yu Chen - who specializes in big data, cloud computing, autonomous driving, and robotics investments - to partner.
L Catterton recruits SE Asia, India leadership
Consumer-focused private equity firm L Catterton has recruited Yock Siong “Song” Tee and Anjana Sasidharan to leadership positions in Southeast Asia and India, respectively.
Fund focus: TR raises $350m for China-heavy secondaries strategy
Having closed its fourth fund at the hard cap of $350 million, Asia secondaries specialist TR Capital expects to go deep into China fund restructurings, taking out renminbi investors onshore and offshore
NZ Super to back Pioneer's fourth fund
Auckland-based private equity firm Pioneer Capital has received a cornerstone commitment of NZ$100 million ($72 million) for its fourth fund from New Zealand Superannuation Fund (NZ Super).
Lilly Asia Ventures raises $1.35b for healthcare funds
Lilly Asia Ventures (LAV) has raised $1.35 billion for its latest healthcare fund, having introduced a $450 million opportunity vehicle that sits alongside a core pool of $900 million.
AVCJ Awards 2020: Firm of the Year - Mid Cap: Advantage Partners
Richard Folsom, representative partner of Advantage Partners, looks back on a year dominated by succession planning, fundraising, and new investment opportunities
EQT loses Singapore-based partner Tak Wai Chung
EQT has seen more turnover in its senior Asia team with the departure of partner Tak Wai Chung. The move comes as the firm looks to expand and reposition its business in the region.
Fund focus: Japan's T Capital closes Fund VI at hard cap
Having completed its spin-out from Tokio Marine, T Capital Partners tapped overseas LPs for the first time for its sixth fund. They account for 40% of the JPY81 billion ($773 million) corpus
EQT launches in Japan as part of regional buildout
EQT has formally entered the Japan market – striking a partnership with Japan Industrial Partners (JIP) to aid its local penetration – as part of a broader plan to increase its Asia private equity exposure.
Profile: Sarmayacar's Rabeel Warraich
Rabeel Warraich swapped the stability of GIC for the untested waters of early-stage investment in Pakistan. With Sarmayacar about to close the country’s first VC fund, the gamble appears to be paying off
Prosus Ventures appoints head of Southeast Asia
Prosus Ventures, formerly a VC arm of South African conglomerate Naspers, has engaged Sachin Bhanot as its Singapore-based head of Southeast Asia.
GGV closes latest US dollar funds at $2.5b
GGV Capital has closed its latest set of US dollar-denominated funds with $2.52 billion in aggregate commitments. It represents the largest fundraising since the firm’s inception in 2000.
CVC recruits EQT's Asia mid-market head
Martin Mok has joined CVC Capital Partners as a Hong Kong-based senior managing director after spending nearly 20 years with EQT.
500 Startups appoints Asia regional director
500 Startups has appointed Ee Ling Lim, formerly the VC’s country lead for Singapore, as regional director for Asia Pacific.
Sinovation sharpens focus on healthcare-plus-AI
Healthcare, rather than “rocket science,” represents the biggest opportunity for artificial intelligence (AI) applications, according to Kai-Fu Lee, chairman and CEO of China’s Sinovation Ventures.
COVID-19 changing conduct as much as tech usage
Experiences vary across geographies as Asian GPs adapt to pandemic working conditions. Technology use is up, but the most lasting changes may be more cultural in nature.
Asia fund administration: Odd jobs
COVID-19 is the latest in a growing list of drivers causing private equity firms to outsource various operations. The trend is implacable but inherently flexible
AVCJ Awards 2020: Firm of the Year - Large Cap: Warburg Pincus
Whether it is building a logistics platform, backing a take-private or anchoring a growth round for a tech start-up, Warburg Pincus prioritizes local partnerships in Asia
Fund focus: Asian LPs amplify Mekong's ambitions
Travel restrictions forced Mekong Capital to look closer to home when raising its latest fund, but the manager was already building out a more Asia-centric LP base
Myanmar's Ascent appoints two managing partners
Myanmar-based private equity firm Ascent Capital Partners has strengthened its leadership with the naming of two new managing partners. It follows a final close for the firm’s debut fund.
KKR closes Asia infrastructure fund at $3.9b
KKR has reached a final close on its first Asia Pacific-dedicated infrastructure fund at the hard cap of $3.9 billion. It is being called the largest pan-regional infrastructure fund ever raised.
Vietnam's Mekong closes Fund IV at $246m
Vietnamese private equity firm Mekong Capital has closed its fourth flagship middle-market fund at $246 million, more than twice the size of its predecessor vehicle.
Blackstone adds ex-government advisor to its Japan ranks
The Blackstone Group has appointed Eiichi Hasegawa, who most recently served as an advisor to former Japanese Prime Minister Shinzo Abe, as a senior advisor in the country.
Zeitgeist: 2020 in quotes
What industry participants had to say on China IPOs, conducting due diligence on GPs, waiting for distress opportunities, working from home, co-underwriting deals, and sensible recruitment policies