Industry
Portfolio: AIG
Advance Intelligence Group has developed a relatively narrow enterprise fintech business into one of the region’s leading digital lending operations with the help of several VC investors
NZ Super CEO resigns
Matt Whineray, who has served as CEO of New Zealand Superannuation Fund (NZ Super) since mid-2018, will depart at the end of the year.
Japan's Marunouchi launches $1bn climate tech fund
Japan-based Marunouchi Innovation Partners (MIP), a private equity manager controlled by Mitsubishi Corporation, has hit a first close of USD 400m on a climate tech fund. The overall target is USD 1bn.
China's DCL raises $578m for renminbi fund
DCL Investments, one of the first local private equity firms to focus on distressed assets in China, has raised CNY 4bn (USD 578m) for its latest renminbi-denominated fund.
India-ASEAN GPs rethink Asia growth – AVCJ Forum
Developing Asia is set for a new chapter of greater opportunities and challenges in the wake of the pandemic-related investment boom, the AVCJ Southeast Asia Forum heard.
AVCJ daily bulletin returns May 2
AVCJ’s daily bulletin will not be published on May 1 due to a public holiday in Hong Kong.
India's 3one4 adds partner
India’s 3one4 Capital has promoted Nruthya Madappa, head of the VC firm’s growth and capital development team, from director to partner. It brings the total number of partners to four.
Advantage closes seventh Japan buyout fund on $971m
Advantage Partners has closed its seventh flagship Japan buyout fund with JPY 130bn (USD 971m) in commitments, beating a target of JPY 120bn.
VCs positive on SE Asia's fundamentals, strategic positioning - AVCJ Forum
Venture capital investors remain bullish about Southeast Asia's prospects despite a sharp decline in activity this year, noting that the region is strategically well placed amid the US-China tensions.
Japan's Globis closes Fund VII on $544m
Japanese venture capital firm Globis Capital Partners (GCP) has closed its seventh fund on JPY 72.7bn (USD 544m), nearly twice what it raised in the previous vintage.
Valuation stalemates stall SE Asia exits – M&A Forum
Private equity investors at the Mergermarket M&A Forum Southeast Asia sensed that something has to give in a deadlocked regional exit market, where the bid-ask divide could break in either direction.
Capria hits first close on emerging markets fund
Capria Ventures, a US-based impact investor with a significant India presence, has reached a first close of unspecified size on its latest emerging markets fund. The target is USD 100m.
Put a bow on it: India draws funds to GIFT City
India has created an onshore jurisdiction with offshore characteristics to lure country funds currently domiciled in Singapore and Mauritius. Does GIFT City have staying power?
Fund focus: Aquilius targets Asia's secondaries gap
Aquilius Investment Partners, a real estate secondaries investor, is tracking significant, opportunistic private equity deal flow in the current exit malaise. Diversification is the theme of the maiden fund
LP interview: Stafford Capital Partners
Founded in Australia, Stafford Capital Partners evolved into a global asset manager focused on timberland and infrastructure secondaries and PE co-investment. ESG is a rising client priority
Australia's Quadrant launches minority equity strategy
Quadrant Private Equity is looking to raise AUD 300m (USD 201m) for a growth fund that will take minority equity stakes in companies across Australia and New Zealand.
Korea plans $751m venture capital fund-of-funds
The Korean government has sought to counter a steep drop-off in venture capital investment by pledging significant policy support for the industry, including a KRW 1trn (USD 751m) fund-of-funds.
L'Oreal commits to DSG's latest India, Southeast Asia fund
DSG Consumer Partners, an early-stage consumer sector investor in India and Southeast Asia, has signed up French cosmetics giant L’Oreal as an LP in its fourth fund.
Matrix China pushes out final close on Fund VII
Matrix Partners China has sought a three-month extension to the deadline for closing its latest venture capital fund with a view to reaching the USD 1.6bn target.
Australia's Future Fund recruits ex-Carlyle dealmaker as PE head
Future Fund has recruited David Bluff, who stepped down last year as The Carlyle Group’s Australia and New Zealand buyout head, to lead its private equity investment programme.
Consumer specialist Tiantu closes $218m renminbi fund
Tiantu Capital, a China-based consumer-focused venture capital firm, has raised CNY1.5bn (USD 218m) for its latest renminbi-denominated fund.
Coller closes first deal for debut renminbi fund
Coller Capital has completed the first deal from its debut renminbi-denominated secondaries fund, participating in a CNY 315m (USD 46m) GP-led transaction involving healthcare assets held by Chinese VC firm Legend Capital.
Aquilius closes debut Asia secondaries fund on $400m
Singapore’s Aquilius Investment Partners, an Asia secondaries specialist set up in 2021 by former executives of Partners Group and The Blackstone Group, has closed its debut fund on USD 400m.
Jungle re-hires fundraiser Menka Sajnani as a partner
Menka Sajnani has re-joined Jungle Ventures as a partner responsible for investor relations, three years after departing the Southeast Asia and India-focused GP to head up Asia IR at B Capital Group.