GPs
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
Carlyle hires two Southeast Asia dealmakers
The Carlyle Group has hired Robby Winarta as a managing director for Indonesia and Long Hoang as a director for Vietnam.
China's AlphaX raises $270m venture capital fund
AlphaX Partners, a Chinese venture capital firm established by Chuan Thor (pictured), formerly of Highland Capital China, has closed its first US dollar and renminbi-denominated fund with around $270m in commitments.
Legend hits $156m first close on renminbi healthcare fund
Legend Capital has reached a first close of RMB1 billion ($156 million) on its second dedicated healthcare fund. A US dollar-denominated vehicle – also the VC firm’s second for the sector – is scheduled for launch in the third quarter.
Vietnam GPs: Five's company
Vietnam’s incumbent domestic private equity firms have all been in operation for more than a decade. Do LPs have enough confidence in the market to support the launch of additional managers?
Vision Plus raises $500m for China VC funds
Vision Plus Capital Partners, a Chinese venture capital firm set up by one of the co-founders of Alibaba Group, has raised $500 million for its second US dollar and renminbi-denominated funds.
Q&A: IDG Ventures Vietnam's Henry Nguyen
Start-ups are attracting more attention in Vietnam as technology-oriented business models take root and local success stories emerge. Henry Nguyen of IDG Ventures Vietnam maps out the landscape
Japan's Advantage closes debut Asia fund at $380m
Japanese GP Advantage Partners has closed its first Asia-focused fund with total commitments of $380 million. Investments have already been made in China, Malaysia, and Taiwan.
Vietnam consumer: Trading up
Vietnam’s consumer economy is attracting a wider range of investors as deal sizes inflate and new openings emerge in a winding value chain. Private equity is positioned to exploit several vantage points
Permira postpones Asia fundraise
Permira has put plans for a debut Asia fund on hold as it prioritizes managing existing portfolio companies in the region. The firm was talking to investors about raising $1.5 billion.
GLP establishes $1.6 billion China logistics fund
GLP, a private equity-owned warehouse operator based in Singapore, has launched a RMB10 billion ($1.6 billion) PE fund that will invest in the China logistics ecosystem. It is the second Chinese fund set up by the company this year.
Australia's BGH closes debut fund at $2b hard cap
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray (pictured), formerly co-head of TPG Capital in Asia, has closed its debut fund at the hard cap of around A$2.6 billion ($2 billion).
Fund focus: Dymon scales up for Fund II
Having raised $450 million for its second fund, Dymon Asia Private Equity will continue targeting middle-market companies in Southeast Asia that are looking for expertise as well as capital
Indonesia VC: Levels of comfort
For all the fervor about technology opportunities in Indonesia, independent local VC firms are thin on the ground. Traditional LPs want to see more evidence of performance before getting involved