GPs
AVCJ Awards 2016: Firm of the Year & Fundraising of the Year - Mid Cap: Quadrant Private Equity
Australia-based Quadrant Private Equity has made a habit of six-week fundraises. The capital continues to target middle-market consolidation plays
Primavera closes second China fund at $1.9b
Primavera Capital Group has reached a final close on its second US dollar-denominated China-focused fund at $1.93 billion, exceeding the target of $1.5 billion.
JD.com spin-out launches $500m China VC fund
GenBridge Capital, a venture capital firm whose founders include two members of Chinese online retailer JD.com’s M&A team, is seeking to raise $500 million for its debut China fund.
Five trends for 2017
AVCJ looks at how its 2016 predictions turned out and identifies some key themes for the year ahead
Fairfax India to raise $500m through public, private offerings
Fairfax India Holdings will raise $150 million though a public share sale and an additional $350 million though a private placement.
To pastures new: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2016
Warburg Pincus closes China fund at $2b hard cap
Warburg Pincus has closed its dedicated China fund – which will invest alongside the firm’s $13.4 billion global flagship vehicle in China deals – at the hard cap of $2 billion after about six months in the market.
Creador closes Fund III at $415m
Creador has reached a final close of $415 million on its third Southeast Asia and India-focused fund, short of the original $450 million target.
The crystal ball: Predictions for 2017
From LPs looking for realizations from GPs as well as paper gains, to the factors contributing to more buyout opportunities in China, industry participants give their perspectives on the year to come
Q&A: Värde's George Hicks
George Hicks, CEO and CIO of global credit investor Värde, on looking beyond big default cycles, taking advantage of bank retrenchment opportunities, and the importance of building strong local teams
Three GPs chosen to manage Australia biomedical fund
OneVentures, Brandon Capital and BioScience Managers have been selected to manage the Australian government’s A$500 million ($375 million) Biomedical Translation Fund (BTF).
Baring PE Asia MD Bala Naidu departs firm
Bala Naidu, an India-based managing director at Baring Private Equity Asia, has left the GP to start his own PE firm.
India GPs must back up value-add claims with returns - AVCJ Forum
Indian GPs are keen to highlight their proprietary deal-sourcing capabilities and operational credentials, but these claims are only meaningful if they have a demonstrative impact on performance, LPs told the AVCJ India Forum.
MBK closes fourth North Asia fund at $4.1b
MBK Partners has reached a first and final close on its fourth North Asia-focused buyout fund at $4.1 billion, a significant step up from the $2.7 billion it raised for Fund III.
Hong Kong PE: Institutional outpost
Hong Kong's regulatory approach can cause headaches for GPs, but the territory offers investors a number of advantages as well
China VC: Early birds
With concerns that China's venture capital boom is heading for a bust, investors are increasingly targeting early-stage strategies. Renminbi funds are also coming more into the reckoning
Q&A: CDIB Capital's Lionel de Saint-Exupery
Lionel de Saint-Exupery, president and CEO of CDIB Capital, on leveraging resources and expertise - inside and outside China - to capitalize on the country's growth opportunity
General Atlantic promotes two Asia PE professionals
General Atlantic has promoted Mumbai-based Shantanu Rastogi and Hong Kong-based Erin Chang.
Demonetization only a short-term negative for India PE - AVCJ Forum
India’s demonetization policy, which has seen the most commonly used banknotes removed from circulation as part of efforts to combat counterfeiting and black money, will hurt private equity in the short term, but the longer-term outlook for the industry...
India's Amicus reaches $90m first close on debut fund
Amicus Capital Partners, an India-focused PE firm founded last year by former executives from the Carlyle Group and India Value Fund Advisors (IVFA), has reached a first close of $90 million on its debut fund.
Sydney Angels launches $15 million VC fund
Sydney Angels, a syndicate of high-net-worth individuals that invests in Australian start-ups, has launched its second fund with a view to raising up to A$20 million ($15 million).
Jungle Ventures reaches $100m final close on SE Asia fund
Singapore-based Jungle Ventures has reached a final close of $100 million on its second fund, which will target Southeast Asian technology start-ups.
Accel closes fifth India VC fund at $450m
Accel Partners has closed its fifth India-focused venture capital fund at $450 million, less than two years after raising $305 million for the fourth vehicle.
India exits: Diamonds in the rough
Exit opportunities are available for savvy investors in India, and market professionals say prospects are good in the long term. But GPs are likely to continue to find the near future difficult