Industry
Japan Industrial Partners set for $1.4b fundraise
Corporate carve-out specialist Japan Industrial Partners (JIP) has closed the offshore portion of its latest fund and is poised to raise JPY102.3 billion ($996 million) in total once commitments from onshore investors are finalized. There will also be...
AVCJ daily bulletin returns April 3
AVCJ's daily bulletin will take a short break for the Easter holiday. Publication will resume on April 3.
Japan benchmarking: Body of evidence
The Japan Private Equity Association is pushing its members towards a performance benchmarking system in the hope that it will help persuade more foreign LPs to back local managers
Fund focus: CIC fund sees upside in trade chaos
A China-Europe cross-border VC fund backed by CIC plans to back technology companies positioned to benefit from new trade dynamics
SeaLink closes debut India fund at $315 million
Indian middle-market PE firm SeaLink Capital Partners has closed its first fund at $315 million, beating its $250 million target.
Cathay launches $239m China smart energy fund
Cathay Capital Private Equity has launched a fund with a targeted corpus of RMB1.5 billion ($239 million) for investment in emerging technologies and business models in the Chinese energy sector.
Bain, Piramal target $1b for India distress fund
Bain Capital Credit and Piramal Enterprises have set a target of $1 billion for their joint venture focused on Indian distressed assets.
Victory Park, IFC launch emerging markets fintech fund
The International Finance Corporation (IFC) has committed $25 million to a fund that it will co-manage with US-based Victory Park Capital. The fund will improve access to debt capital for financial technology companies in emerging markets, including Asia....
Partners Group launches impact investment strategy
Partners Group has launched a dedicated impact investment strategy designed to achieve attractive risk-adjusted financial returns alongside measurable, positive social and environmental impact.
China unicorn total surpasses 160
China had 164 unicorns worth a collective $628.4 billion at the end of last year, a government report stated, as the prospect of A-share listings by domestic internet companies was once again raised.
PAG sells GP stake to Blackstone fund
The Blackstone Group’s Strategic Capital Holdings Fund has acquired a minority interest in Asia-focused alternative investment firm PAG for an undisclosed sum.
Ex-Warburg Pincus China head targets $1b fund
David Li, the former head of China at Warburg Pincus, has established his own private equity firm – known as Centurium Capital – and is seeking to raise $1 billion for a debut China fund.
India's Lighthouse reaches $150m first close on Fund III
Lighthouse Funds has reached a first close of $150 million on its third India-focused growth capital fund.
Hitachi backs Japan-US cross-border GP
Hitachi has agreed to invest an undisclosed sum in a Japan-US cross-border venture capital fund managed by Geodesic Capital that will focus on social problem solving through technology.
Asia risk: Bullish on the brink
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Sinar Mas, East Ventures, Yahoo Japan form SE Asia fund
Indonesian conglomerate Sinar Mas Group, Singapore’s East Ventures and Yahoo Japan have teamed up to launch a $150 million venture capital fund targeting technology-enabled companies in Southeast Asia.
VIDEO: The Carlyle Group's Daniel D'Aniello
Daniel D'Aniello, co-founder and chairman emeritus of The Carlyle Group, discusses the evolution of private equity
Hong Kong pledges to foster local start-up ecosystem
Hong Kong plans to increase funding to two local incubation programs – Cyberport and Hong Kong Science & Technology Park (HKSTP) – in the expectation they will play a leading role in the drive to turn the territory into an innovation hub.
Fund focus: Redpoint restates its local credentials
Redpoint China Ventures has raised $110 million for its debut renminbi-denominated fund, which is expected to offer greater flexibility in backing start-ups in the early stages
China tightens controls on LP participation in offshore funds
China's National Development and Reform Commission (NDRC) has implemented rules that effectively add another layer of approval for LP commitments by domestic investors to offshore private equity funds.
India's Fireside closes first fund at $52m
Fireside Ventures, an Indian VC firm set up by Helion Venture Partners co-founder Kanwaljit Singh (pictured), has closed its debut fund at INR3.4 billion ($52 million).
Singapore, Australia VCs team up for $125m fund
Singapore-based VC firm Hatcher and Australian accelerator BlueChilli will jointly invest a $125 million exchange-traded fund that will back 240 start-ups globally over the next three years.
Secondaries: Holding patterns
Advisory firms focused on private equity secondaries are confident that Asia will fulfill its potential as an expansion market for their services. They will not be able to effectively seize the opportunity remotely
Impact agenda: Attracting institutional capital
Global PE firms are launching impact funds tailored to appeal to institutional investors that have so far largely ignored the space. There will be growing pains, but the benefits should be wide-ranging