GPs
Fundraising and co-investment: Friends with benefits
Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the needs of large investors. It points to an increasingly customized and complicated GP-LP relationship
Reorient sells stake in Korean GP EQ Partners
Korean Investment Holdings has agreed to buy the entire shares in Seoul-based private equity firm EQ Partners from Hong Kong-listed financial services Reorient Group for $6.6 million in cash.
GGV seeks $1.1b for VC investments in China, US
GGV Capital is planning to raise up to $1.1 billion across three vehicles – a core venture fund, a top-up vehicle and an early-stage fund – that will target start-up and growth-stage technology deals in China and the US.
Carlyle appoints SE Asia head, fires Indonesia deal-maker
The Carlyle Group has promoted Sunil Kaul to head of its Southeast Asia buyout operations following the sacking of Indonesia-focused Rajiv Louis, who was sanctioned for insider-trading activities while working at UBS.
IndEU to close debut India fund at $70m
IndEU Capital, a France-based private equity firm, will close its debut India-focused fund at $70 million before the end of the year.
Nippon Life to raise stake in India's Reliance Capital
Japanese life insurance firm Nippon Life will pay INR12 billion ($184 million) to increase its stake in Indian asset manager Reliance Capital Asset Management (RCAM).
Everstone pays $54m for controlling stake in India's SJS - update
Everstone Capital has reportedly bought a 51% stake in India-based industrial graphics maker SJS Enterprises for INR3.5 billion ($54 million).
Fund focus: Lighthouse bets on consumer sophistication
India-focused Lighthouse Funds is looking to capitalize on consumers' concern for practical needs and their desire to build better lives for their families
India's Elgi Equipments gets $6.5m from Nalanda
Singapore-based Nalanda Capital has bought an approximately 2% stake in compressed-air equipment manufacturer Elgi Equipments for INR420 million ($6.5 million).
Northstar set for $800m close on Fund IV
Northstar Group is scheduled to reach a final close on its fourth fund – which targets Southeast Asia, with a particular focus on Indonesia – at approximately $800 million at the end of October.
Lippo sponsors Southeast Asia VC fund
Former Monk's Hill Ventures partner Stefan Jung has announced the launch of Venturra Capital, a new Southeast Asia-focused VC fund backed by the Lippo Group.
Indonesia's Falcon House targets $300m for Fund II
Indonesian GP Falcon House Partners is targeting $300 million for its second fund and the International Finance Corporation (IFC) may once again come on board as an LP.
India's Lighthouse reaches $138m final close on Fund II
Lighthouse Funds has reached a final close on its second Indian mid-market focused fund at $138 million, well above the $125 million target.
Philippines private equity: Please be patient
Investors are flocking to the Philippines, but PE firms should invest time in building relationships with family-owned businesses and the government must deliver reforms if the country is to fulfil its potential
Anchor Equity closes second Korea fund at $850m
Anchor Equity Partners has raised $850 million for its second South Korea-focused fund, less than two years after closing Fund I at $500 million.
ChinaEquity Group to list on New Third Board
ChinaEquity Group, a Beijing-based private equity firm, has won regulatory approval to list its renminbi investment business on China’s National Equities Exchange and Quotations (NEEQ), also known as the New Third Board.
RRJ Capital closes Fund III at $4.5b
RRJ Capital has closed its third fund – which invests globally, with an emphasis on China and Southeast Asia – at $4.5 billion after approximately nine months in the market.
Asia PE recruitment: Building blocks
As private equity continues to evolve in Asia, GPs want to recruit people with a wider array of talents – but industry participants are split on what skills these new hires should focus upon, and where to find them
Qualcomm launches $150m India venture fund
Qualcomm Ventures, the VC arm of US semiconductor producer Qualcomm, has formed a $150 million fund to invest in Indian mobile and internet start-ups.
The long game: Merchant banking-style PE
Ascendent Capital Partners’ China strategy involves advising companies first and raising the prospect of investment second, perhaps with a sizeable gap in between. Does this signal change in the middle market?
Secondaries specialist NewQuest to seek $500m for Fund III
NewQuest Capital Partners, which targets secondary direct transactions across Asia, wants to raise $500 million for its third pan-regional fund.
India's Trifecta reaches $30m first close on venture debt fund
Trifecta Capital, the venture debt firm set up by former Canaan Partners Managing Director Rahul Khanna, has reached a first close of INR2 billion ($30 million) on its debut fund.
Australia's PEP closes Fund V at A$2.1b
Pacific Equity Partners (PEP) has closed its fifth Australia and New Zealand-focused fund at the hard cap of A$2.1 billion ($1.5 billion). The vehicle came in oversubscribed as LP interest grew following a string of exits by the GP over the past 18 months....
Asian GPs improving on ESG awareness - AVCJ Forum
The impetus for environment, social and governance (ESG) issues achieving greater prominence in PE comes from Europe, but Asian GPs are not necessarily so far behind their counterparts in developed markets.