GPs
Carlyle closes Asia fund at $6.55b
The Carlyle Group has closed its fifth Asia buyout fund at $6.55 billion, exceeding its predecessor by more than 65%.
China cross-border GP AGIC opens London office
AGIC Capital, a private equity firm focused on China-Europe cross-border investments, has opened an office in London to access new investment opportunities and grow its investor base.
Growth mezzanine: Paying their dues
Growth capital situations can provide a healthy source of deals for established mezzanine investors, but high barriers to entry will pose challenges for newcomers
Abraaj files for restructuring
The Abraaj Group – which has been under pressure since governance concerns emerged in February – has appointed provisional liquidators to work on a restructuring of the firm after a second creditor filed a petition seeking to recover unpaid debts.
TR gets 3.4x return on Flipkart, opens India office
TR Capital secured a 3.4x net return on its investment in Indian e-commerce giant Flipkart, having sold its stake in conjunction with Walmart’s acquisition of the business. The secondaries specialist announced the exit to coincide with the opening of...
Everstone reorganizes fundraising teams
India and Southeast Asia-focused private equity firm Everstone Group has reorganized its global fundraising operation following the departure of managing director Atul Phull.
Japan demographics: New normal, new entries
Private equity investors see potential for growth in Japan’s demographic contractions. Countercyclical and tangential consolidation strategies are the preferred gambits in a churning macro environment
Q&A: Intel Capital's Takayuki Sasaki
Takayuki Sasaki, investment director for Japan at Intel Capital, discusses how the country fits into Intel’s overall strategy along with Japan’s burgeoning entrepreneurial culture and corporate VC investment
Carlyle loses India managing director
Devinjit Singh, a managing director for The Carlyle Group based in Mumbai, will leave the firm at the end of this month to pursue other interests.
VIDEO: Baidu Capital's Jenny Wu
Jenny Wu, a managing partner at Baidu Capital, discusses growth stage investment in artificial intelligence
Everstone managing director Atul Phull departs
Atul Phull, a managing director at Everstone Group primarily responsible for fundraising, has left the India-focused GP after seven years.
Fund focus: Anacacia eyes middle-market harvest
Anacacia Capital attracts a record amount from foreign LPs as its third Australia mid-market buyout fund closes at the hard cap of $225 million
Chinese pre-IPO GP Cornerstone files for US IPO
Cornerstone Capital, a China-based PE firm that focuses on pre-IPO investments, has filed for an IPO on NASDAQ.
TPG buys stake in Asia secondaries specialist NewQuest
TPG Capital has agreed to take a minority stake in Asia-focused NewQuest Capital Partners, with a view to helping the secondaries specialist scale up its platform and address a wider variety of opportunities in an expanding yet underpenetrated market....
Key person clauses: Man overboard
The complexity of a private equity firm’s key person clauses – and the number of people they encompass – says much about its institutionalization. The transition is not always easy, for GPs or LPs
Apis targets $400m for emerging markets growth fund
Apis Partners is targeting $400 million for its second middle-market growth fund focused on financial services and technology investments in emerging markets, with a $500 million hard cap.
VIDEO: China Creation Ventures' Wei Zhou
Wei Zhou, founder and managing partner of China Creation Ventures, discusses VC and technology trends
Warburg Pincus launches India BPM platform
Warburg Pincus has established an India-based platform for investment globally in business process management (BPM), an area of enterprise services focused on systems modelling and technical consulting.
Fund focus: AlphaX tracks evolving China VC story
Having raised $270 million for his debut fund at AlphaX Partners, former Highland Capital Partners executive Chuan Thor is keen to tap emerging trends in consumer internet and enterprise services
China's Genesis targets $600m for second fund
Genesis Capital, a Chinese venture capital firm established by Richard Peng, formerly head of M&A at Tencent Holdings, is targeting $600 million for its second fund.
VIDEO: Shoreline Capital's Tony Liu
Tony Liu, COO of Shoreline Capital, discusses investment opportunities in China's non-performing loan (NPL) space.
China VC player Banyan changes name to Gaorong
Chinese venture capital firm Banyan Capital has changed its English name to Gaorong Capital. The aim is to achieve more consistent brand recognition because Gaorong is how the group’s Chinese name is pronounced.
Primavera reaches $1.5b first close on China fund
Primavera Capital Group has completed a first close of approximately $1.5 billion on its third China fund. The overall target is $2.8 billion.
Fund focus: Tapping the Alibaba talent seam
Vision Plus Capital looks to tap the entrepreneurial talent developing in Alibaba Group's ecosystem for its second US dollar and renminbi-denominated funds