Industry
Fund focus: Carlyle tackles growth transformation
The Carlyle Group expects to find more than enough opportunities in Asia's ongoing economic growth for the $6.55 billion corpus of its latest Asia buyout fund
Japan VC: Acorns to oaks
Japan Post Investment Corporation seeks to fill the late-stage investment gap in Japan's venture capital market that local VC investors lack the capacity to address
Warranty and indemnity insurance: The information barrier
Warranty and indemnity insurance is growing in popularity in Asia, particularly in emerging markets. A lack of understanding is the biggest impediment to its widespread adoption
VIDEO: Morrison & Foerster's Serena Tan
Serena Tan, a partner at Morrison & Foerster, discusses trends in private equity fundraising in China
Profile: OneVentures' Michelle Deaker
OneVentures co-founder Michelle Deaker leveraged a background of IT innovation to introduce a much-needed dose of entrepreneurialism into the early days of Australia’s venture capital industry
Temasek and CFOs: PE to the people
It has taken Temasek Holdings four secondary transactions over 12 years to create a product that allows retail investors to participate in its private equity portfolio. Will others follow suit?
World Innovation Lab raises $521m for US-Japan fund
World Innovation Lab (WiL) has raised $521 million for a US-Japan venture capital fund.
Ropes & Gray adds fund formation counsel in Hong Kong
Ropes & Gray has appointed Chune Loong Lum as a counsel with its private investment funds practice in Hong Kong. He is rejoining the firm after an approximately one-year stint with Skadden.
China launches $4.6b technology-focused guidance fund
The Beijing government has launched a RMB30 billion ($4.6 billion) innovation-focused fund-of-funds that will not only make investments locally but also commit capital overseas with a view to bringing technologies to China.
AIIB approves $100m commitment to Indian sovereign fund
The Asian Infrastructure Investment Bank (AIIB) has approved a $100 million investment in the National Investment and Infrastructure Fund (NIIF), an Indian government-backed vehicle intended to mobilize investment in infrastructure.
Matrix raises $750m for fifth China VC fund
Matrix Partners China has raised $750 million for its fifth venture capital fund to invest in the technology, cleantech, education, energy, healthcare and financial services sectors in China.
Campbell Lutyens opens Singapore office
Placement agent and secondary transaction advisor Campbell Lutyens has opened a new office in Singapore to support an ongoing Asian expansion agenda.
Hong Kong biotech IPOs: Capital injection
The move to allow zero-revenue biotech companies to list in Hong Kong has spurred investor interest in healthcare. But valuations are high and success in this capital-intensive space is by no means guaranteed
Carlyle closes Asia fund at $6.55b
The Carlyle Group has closed its fifth Asia buyout fund at $6.55 billion, exceeding its predecessor by more than 65%.
China cross-border GP AGIC opens London office
AGIC Capital, a private equity firm focused on China-Europe cross-border investments, has opened an office in London to access new investment opportunities and grow its investor base.
NZ Super names Whineray as new CEO
New Zealand Superannuation (NZ Super) has appointed its CIO Matt Whineray as CEO following a global search process.
Japanese LPs emphasize portfolio diversification - AVCJ Forum
Diversification – by vintage, geography, and strategy – is the priority for Japan’s largest institutional investors as they develop their private equity programs, but they accept that portfolio-building can be challenging.
Delta Capital closes Myanmar fund at $70m
Delta Capital Myanmar, formerly known as PMM Partners, has achieved a final close of about $70 million for its second private equity fund. The GP was targeting $100 million.
LP interview: Cbus' Kristian Fok
Recognizing that strong cash inflows were working against a solely outsourced manager strategy in the alternatives space, Australia’s Cbus picked its key asset classes and devised a direct solution
Centurium reaches $1b first close on China fund
Centurium Capital, the private equity firm established by ex-Warburg Pincus China head David Li, has reached a first close on its debut fund of nearly $1 billion.
Growth mezzanine: Paying their dues
Growth capital situations can provide a healthy source of deals for established mezzanine investors, but high barriers to entry will pose challenges for newcomers
Japanese LPs value site visits with infrastructure managers
Japanese corporate pension funds are looking to increase their allocations to infrastructure, but they value the opportunity to visit managers before committing capital.
Abraaj files for restructuring
The Abraaj Group – which has been under pressure since governance concerns emerged in February – has appointed provisional liquidators to work on a restructuring of the firm after a second creditor filed a petition seeking to recover unpaid debts.
TR gets 3.4x return on Flipkart, opens India office
TR Capital secured a 3.4x net return on its investment in Indian e-commerce giant Flipkart, having sold its stake in conjunction with Walmart’s acquisition of the business. The secondaries specialist announced the exit to coincide with the opening of...