Industry
Australia's Quadrant closes mid-market fund at $863m
Quadrant Private Equity has closed its latest mid-market Australia and New Zealand fund at A$1.15 billion ($863 million). As with the firm’s previous two fundraises, the process took approximately one month.
CPPIB invests $248m in Hong Kong logistics program
Canada Pension Plan Investment Board (CPPIB) has invested HK$1.9 billion ($248 million) in a Hong Kong-based warehousing joint venture with logistics operator Goodman Group.
Indian firms must prove their worth to LPs – AVCJ Forum
LPs still find India an attractive market for investments, but fund managers must actively pursue them and make the case for their strategies.
Fund focus: Eight Roads fund targets Japan tech
Eight Roads Ventures has $223 million to deploy in Japan, with robotics, inbound tourism and healthcare all high on its agenda
2017 AVCJ Awards supplement available for download
The supplement featuring winners of the 2017 AVCJ Private Equity & Venture Capital Awards that appeared with the December 5 issue of the magazine is now available for download.
Q&A: HQ Capital's Georg Wunderlin & David Pierce
Georg Wunderlin, CEO of HQ Capital, and David Pierce (pictured), the firm’s Asia head, discuss investor appetite for private equity, the popularity of separately managed accounts, and consolidation within the industry
ESG: Quantifiable benefits
Finding ways to implement environment, social and governance (ESG) policies and track performance with greater consistency has become a priority for some – but by no means all – Asian GPs
Taiwan's local PE industry requires careful cultivation - AVCJ Forum
Investors are encouraged by initiatives Taiwan’s government has launched to develop the local private equity market, but they told the AVCJ Taiwan Forum that areas such as team-building and deal availability to build a sustainable industry.
Indian entrepreneurs drawn to corporate VC – AVCJ Forum
Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
NZ Super appoints head of external investments
New Zealand Superannuation Fund has named Del Hart as head of external investments and partnerships.
India platform building requires GP commitment – AVCJ Forum
Indian GPs are increasingly attracted to platform-building strategies for adding value to their portfolio companies, but PE investors attempting this approach must be prepared to commit enough time and resources to see it through.
Consolidation remains key to India VC – AVCJ Forum
Indian venture capital investors see consolidation plays as central to adding value to their portfolio companies and achieving exits, though the specifics of the strategy will vary by industry.
Adams Street opens South Korea office
Adams Street Partners has established an office in Seoul in an effort to expand access to clients and investment opportunities in the region.
China Renaissance in $604m first close on renminbi fund
China Renaissance has reached a first close of RMB4 billion ($604 million) on the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm. A final close of up to RMB6 billion is expected in early 2018.
Ex-SCPE China head Wei Zhu to join Accenture
Wei Zhu, formerly Standard Chartered Private Equity’s (SCPE) co-head of global private equity, has joined Accenture as its chairman for Greater China.
Chinese GP accused of misusing SF Express project fund
Longstand Capital, a Chinese PE fund manager, has accused industry counterpart Beijing Dabai Huicai Investment Management of taking capital intended for investment in SF Express, China’s largest express delivery services provider, and putting it into...
China's CDH seeks $2.5b for sixth US dollar fund
CDH Investments is targeting $2.5 billion for its sixth US dollar-denominated China fund, in line with the $2.55 billion the firm raised for its previous flagship vehicle in 2014.
China investors launch $77m cross-border AI fund
Chinese start-up accelerator Comb+ and the Beijing Institute of Collaborate Innovation have jointly launched a fund targeting EUR65 million ($77 million) that will invest artificial intelligence (AI) companies expanding into China.
KKR makes seven senior-level promotions in Asia - update
Diane Raposio, who leads KKR’s fundraising activities in Asia, and Jaka Prasetya, the firm’s Indonesia head, have both been promoted to partner level.
India NBFCs: The next level
India’s NBFCs remain an attractive entry to an underserved finance market, but the growing maturity of the segment means returns may be more modest going forward
Eight Roads launches $223m Japan fund
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has launched its second dedicated Japan fund with a corpus of JPY25 billion ($223 million). The firm’s parent committed all of the capital.
Indian regulator reviews SoftBank's Flipkart investment
SoftBank Group’s investment in Indian e-commerce giant Flipkart, which is expected to facilitate an exit for several existing investors, is being reviewed by the country's competition regulator.
Australia's Anchorage closes special situations fund at $266m
Anchorage Capital Partners has closed its third fund, which will make special situations and turnaround investments in Australia, New Zealand and Southeast Asia, at A$350 million ($266 million).
Japan's Nomura to launch private equity unit
Nomura is reviving its private equity business with a view to participating in the founder succession and corporate divestment opportunities that are attracting a lot of interest in Japan.