GPs
PENM Partners reaches $120m first close on Vietnam fund
Vietnam-focused GP PENM Partners has reached a first close of $120 million on its fourth fund. The vehicle has a full target of approximately $180 million.
US LPs and Asian GPs: Survival of the fittest
With US LPs refocusing their Asia exposure – reducing the number of commitments if not the aggregate size – smaller funds may be feeling the pinch. But this could benefit the long-term health of the market
Japan pension funds have out-dated view on PE risk - AVCJ Forum
Japan's pension fund industry needs to reevaluate its perception of private equity as a risky alternative asset, domestic LPs told the AVCJ Japan Forum.
A team sport: PE and personalities
Private equity is a people business - this is an oft-repeated phrase at AVCJ events and certainly one that continues to be relevant.
KKR commits $70m to China education player Tarena
KKR has invested $70 million in Tarena International, a provider of professional education and training in China, forming a new partnership with a PE backer as existing investors trim their holdings.
IFC invests $35m in Indian energy-focused NBFC
The International Finance Corporation (IFC) has committed $35 million to infrastructure finance firm PTC India Financial Services (PFS).
Legend Holdings targets $1.96b Hong Kong IPO
Legend Holdings, sponsor of China-focused GPs Hony Capital and Legend Capital, has set a pricing range for its Hong Kong IPO that would see the company raise as much as HK$15.2 billion ($1.96 billion).
LPs assume control of Exhilway's emerging markets fund
LPs have assumed control of Exhilway Global Opportunities Fund - a vehicle set up by US-based hedge fund and emerging markets private equity GP Exhilway Global - apparently following difficulty sourcing deals.
US-China incubator raises $5m for second seed fund
InnoSpring, a technology incubator platform focused on US and China-based companies, has raised $5 million for its second fund aimed at seed-stage investments.
Multiples to up stake in India's PVR Cinemas
Multiples Alternative Asset Management has agreed to invest INR3.5 billion ($54.6 million) in Indian cinema chain PVR Cinema, raising its stake in the company to 19.6%.
Warburg Pincus in partial exit from China Biologic
Warburg Pincus has raised $241.5 million by reducing its stake in US-listed biopharmaceutical developer China Biologic Products.
TPG joins $129m investment in Singapore's PropertyGuru
Singapore online property portal PropertyGuru has raised S$175 million ($129 million) from TPG Capital, Australia's Square Peg Capital, and Indonesian media company Emtek Group.
China social e-commerce start-up raises $10m from GGV
Chinese e-commerce discovery site Red has raised more than $10 million in Series B funding from GGV Capital.
Australian former mining boss to launch resources fund
Hugh Morgan, the former chief executive of Australia's Western Mining Corporation, is looking to launch a new resources-focused fund.
Saratoga's Uno steps back from business, eyes politics
Sandiaga Uno, one of the founding partners at Indonesia-focused GP Saratoga Capital, is scaling back his formal corporate roles with a view to launching a career in politics.
Chinese insurers: GP or LP?
China’s insurance companies are allowed to have more exposure to private equity than ever before. This includes the right to set up their own GPs, but not all market players will plot such a course immediately
US listing costs tipped to create more China take-private opportunities
A new wave of take-private deals could be on the way as Chinese companies, frustrated with the cost of remaining listed in the US, consider uprooting and returning to their home country.
Warburg Pincus makes partial exit from China Auto Rental
Warburg Pincus has completed a partial exit from China Auto Rental (CAR), raising HK$3.1 billion ($401 million) and reducing its stake in the company to 11%.
Everstone hires head of capital markets, exits
India and Southeast Asia-focused Everstone Capital has named Bhavna Thakur as its head of capital markets and exits.
Portfolio: Navis Capital and Thailand's Golden Foods Siam
Navis Capital Partners wanted to let the management of Golden Foods Siam off the leash. Six years in, initiatives are taking wing and the company has established itself as Thailand's third-largest chicken producer
China operating partners: Control candidates
As the nature of private equity in China has evolved, so have firms' needs in terms of operational talent. The challenge is finding - and then retaining - the right person for the job
Deal focus: Go Scale out to dominate global LED
Go Scale Capital, a China-based investment fund sponsored by GSR Ventures and Oak Investment Partners, wants to build the world's largest LED company. It has now announced two notable deals in the space, most recently the sale of a majority stake in its...
Deal focus: Corporate services consolidation play
Each of the world's four largest corporate service providers, which assist with the formation and administration of companies, trusts and funds, has a private equity backer. They are supplying the firepower for a round of consolidation that could see...
Future Consumer to exit salon chain, acquire MNS Foods
Indian venture capital firm Future Consumer Enterprise (FCEL) will exit its salon subsidiary Star & Sitara, and to acquire a controlling stake in confectioner MNS Foods.