Industry
Wooseok Jun to lead ICG Asia Pacific
Wooseok Jun, currently managing director and head of South Korea at Intermediate Capital Group (ICG), has been named head of Asia Pacific for the firm. He replaces Chris Heine, who retired at the end of 2018.
Macquarie's Luboff to head KKR Asia infrastructure business
KKR has named David Luboff, a former senior managing director of Macquarie Infrastructure and Real Assets (MIRA), to head its Asia infrastructure investment operations.
Fund focus: From Standard Chartered to Affirma
Standard Chartered's private equity team - now known as Affirma Capital - has finally secured its independence through a spin-out backed Intermediate Capital Group
AVCJ Awards 2018: AVCJ Special Achievement: Daniel Carroll
Having been one of the early movers in Asian private equity with H&Q Asia Pacific, Dan Carroll played a key role in the development of TPG Capital’s business in the region
East Ventures appoints new partner
East Ventures has appointed Melisa Irene (pictured) as a partner. It is the firm’s first nomination of a woman to that position.
China's K2VC severs ties with spin-out over IP breach
Chinese early-stage investor China Renaissance K2 Ventures (K2VC) has publicly attacked Next Capital - a spin-out from the venture capital firm - for allegedly stealing confidential information.
EQT promotes Brian Chang to partner in Singapore
EQT has confirmed the promotion of Singapore-based Brian Chang to partner. He will be responsible for mid-market activity in Asia.
ChrysCapital raises $867m for eighth India fund
Indian private equity firm ChrysCapital has closed its eighth fund at $867 million. The vehicle was oversubscribed and the fundraising process took four months.
Venture capital: The battle to be different
VC fundraising has been on a roll in Asia as managers raise larger sums to address fast-growing investment opportunities. GPs must consider what – and how much – makes them stand out from the crowd
AVCJ Awards 2018: PE & VC Professional of the Year: Sanjiv Kaul
Sanjiv Kaul, who left a career with pharma giant Ranbaxy to become an investor at ChrysCapital Partners, discusses the evolution of operational capabilities in Indian private equity
China Everbright closes global fund at $539m
China Everbright has reached a final close of $539 million on its cross-border investment fund, with the commitments coming from corporate investors, family offices, and fund-of-funds.
Investors turn to private markets amidst downturn fears - survey
Asian institutional investors are looking to increase allocations to private markets in order to mitigate the risks of a potential economic downturn, a new survey has found.
Rohatyn's Korea team spins out
The Rohatyn Group’s (TRG) Korea team has spun out to form a new private equity firm called Elevation Equity Partners.
TA promotes India head Dhiraj Poddar
Dhiraj Poddar, a director for TA Associates who heads the GP’s India operations, has been promoted to managing director.
Shenzhen Capital hits first close on debut M&A fund
Shenzhen Capital Group has reached a first close of RMB1.8 billion ($263 million) on its debut M&A fund. The vehicle has an overall target of RMB3.6 billion.
Malaysia's Ekuinas launches fourth fund at $242m
Malaysian government-backed private equity firm Ekuinas has set up its fourth fund with MYR1 billion ($242 million) and an option to increase the corpus to MYR1.5 billion.
Singapore's Fullerton Fund Management creates PE team
Fullerton Fund Management (FFM), an Asia-focused multi-strategy investment firm controlled by Temasek Holdings, has appointed Huck Khim Tan to lead a newly established dedicated private equity team.
Lightspeed China closes US dollar fund at $560m
Lightspeed China Partners has closed its latest US dollar-denominated fund at $560 million. It is the largest fund raised by the firm to date and brings assets under management to $1.5 billion.
Axiom Asia completes $1.6b fundraise
Axiom Asia has closed its fifth regional fund-of-funds at $1.39 billion - beating the target of $1.01 billion - and also raised $210 million for its first dedicated co-investment vehicle.
Adams Street raises $824m for global fund-of-funds
Adams Street Partners has closed its latest global fund-of-funds with $824 million in commitments. It exceeds a target raise of $800 million.
AVCJ Awards 2018: Fundraising of the Year - Mid Cap: Japan Industrial Partners
With $1.4 billion in dry powder at its disposal, Japan Industrial Partners has the firepower to target a wider variety of corporate carve-out opportunities
AVCJ Awards 2018: Fundraising of the Year - Venture Capital: Sequoia Capital China
Sequoia Capital China took just two weeks to close its latest VC fund. The firm accumulated $2.5 billion in total across multiple strategies
AVCJ daily bulletin returns January 2
AVCJ's daily bulletin is taking a short break for the festive holiday season.
AVCJ Awards 2018: Fundraising of the Year - Large Cap: Affinity Equity Partners
Communication and discipline helped Affinity Equity Partners complete a first and final close of $6 billion on its latest pan-Asian fund within four months