Industry
AVCJ daily bulletin returns June 19
AVCJ's daily bulletin will not be published on Monday June 18 due to the public holiday in Hong Kong
Everstone reorganizes fundraising teams
India and Southeast Asia-focused private equity firm Everstone Group has reorganized its global fundraising operation following the departure of managing director Atul Phull.
Japan demographics: New normal, new entries
Private equity investors see potential for growth in Japan’s demographic contractions. Countercyclical and tangential consolidation strategies are the preferred gambits in a churning macro environment
Q&A: Intel Capital's Takayuki Sasaki
Takayuki Sasaki, investment director for Japan at Intel Capital, discusses how the country fits into Intel’s overall strategy along with Japan’s burgeoning entrepreneurial culture and corporate VC investment
Japanese LPs: Stirring giants
Japan’s LP landscape is in a state of flux as several large-scale investors ramp up their alternatives programs. The industry must prepare itself, in terms of personnel, structures, and expectations
Blackstone closes debut Asia PE fund at $2.3b
The Blackstone Group has achieved a final close on its maiden Asia-focused private equity fund at a revised hard cap of $2.3 billion.
Carlyle loses India managing director
Devinjit Singh, a managing director for The Carlyle Group based in Mumbai, will leave the firm at the end of this month to pursue other interests.
India's Axilor launches $30m seed fund
Indian early-stage investor and accelerator Axilor Ventures has launched a INR2 billion ($30 million) fund aimed at seed investments in Indian start-ups.
VIDEO: Baidu Capital's Jenny Wu
Jenny Wu, a managing partner at Baidu Capital, discusses growth stage investment in artificial intelligence
Everstone managing director Atul Phull departs
Atul Phull, a managing director at Everstone Group primarily responsible for fundraising, has left the India-focused GP after seven years.
Japanese LPs: The long walk
PE firms have been trying to open up the Japanese LP market for years. Now that local institutions are showing a greater appetite for alternatives, it is unclear who will manage their investment programs
Fund focus: Anacacia eyes middle-market harvest
Anacacia Capital attracts a record amount from foreign LPs as its third Australia mid-market buyout fund closes at the hard cap of $225 million
Chinese pre-IPO GP Cornerstone files for US IPO
Cornerstone Capital, a China-based PE firm that focuses on pre-IPO investments, has filed for an IPO on NASDAQ.
Actis hires new Asia investor relations head
Actis has appointed Ellen Li, formerly of Janus Henderson Global Investors, as a managing director and head of its investor development group in Asia.
TPG buys stake in Asia secondaries specialist NewQuest
TPG Capital has agreed to take a minority stake in Asia-focused NewQuest Capital Partners, with a view to helping the secondaries specialist scale up its platform and address a wider variety of opportunities in an expanding yet underpenetrated market....
Key person clauses: Man overboard
The complexity of a private equity firm’s key person clauses – and the number of people they encompass – says much about its institutionalization. The transition is not always easy, for GPs or LPs
Talent shortages hinder Asian LPs' private equity returns
Asian LPs see a shortage of qualified professionals capable of executing investment programs as the biggest obstacle to improving their private equity returns.
LPs warn of impending downturn in Asia
Institutional investors are preparing for a downturn in Asia – and emphasizing the importance of disciplined deployment – as they see worrying “pro-cycle market behavior” in the private markets space globally.
Fund focus: Pivotal's urge to incubate
Nan Fung Group has established Pivotal Bioventure Partners China to build a concentrated portfolio of high-quality life science assets and nurture them from inception to exit
ICOs: Normalizing the future
The application of virtual tokens as investment instruments is modernizing the venture capital industry. Stakeholders are discovering a range of pitfalls and possibilities during the transition
Apis targets $400m for emerging markets growth fund
Apis Partners is targeting $400 million for its second middle-market growth fund focused on financial services and technology investments in emerging markets, with a $500 million hard cap.
VIDEO: China Creation Ventures' Wei Zhou
Wei Zhou, founder and managing partner of China Creation Ventures, discusses VC and technology trends
China VC: Selection issues
China's venture capital space is increasingly popular among LPs, overpopulated by GPs, and generally difficult to navigate
Warburg Pincus launches India BPM platform
Warburg Pincus has established an India-based platform for investment globally in business process management (BPM), an area of enterprise services focused on systems modelling and technical consulting.