Industry
PE investors abandon Australia childcare merger
Outside school care providers Camp Australia and Junior Adventures Group (JAG), which are owned by Bain Capital Private Equity and Advent Partners, respectively, have abandoned plans to merge.
Due diligence: Go your own way
While GPs in Western markets increasingly rely on outside consultants for portfolio management services, Asian investors are skeptical about its usefulness. Will horror stories eventually elicit change?
MBK hires Deutsche executive to co-lead credit strategy
North Asia-focused buyout player MBK Partners has hired Stephen Le, formerly of Deutsche Bank, to co-head a newly-launched fund that will make credit and special situations investments.
Hony backs Hong Kong VC fund
China-focused PE firm Hony Capital has agreed to back the debut fund being raised by newly-established Hong Kong VC firm Beyond Ventures. The vehicle has a target of HK$1.2 billion ($154 million).
Ex-TPG Asia head Ben Gray launches debut fund
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray (pictured), formerly co-head of TPG Capital in Asia, has launched its debut fund with a target of A$2 billion ($1.6 billion).
China-backed Canyon Bridge agrees UK semiconductor deal
Canyon Bridge Capital Partners – a private equity firm backed by Chinese LPs that was recently blocked from buying US-based Lattice Semiconductor – has agreed to acquire Imagination Technologies, a chipmaker headquartered in the UK.
Hostplus commits $50m in Artesian's China VC fund
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.
India's Yatra raises $15m from InnoVen
Yatra Online, an Indian travel services provider listed on NASDAQ, has raised INR1 billion ($15.4 million) in debt funding from InnoVen Capital.
East Ventures launches $30m Southeast Asia VC fund
East Ventures has launched a $30 million Southeast Asia fund that will make seed to Series A investments in technology start-ups, with an emphasis on Indonesia.
Korea LPs: Credit junkies
Korean institutional investors favor private debt over other alternatives asset classes because of its long tenor and stable cash flows. Multi-credit strategies are likely to launch as more capital is allocated overseas
CITIC Private Equity recruits ex-CalPERS PE head
Réal Desrochers, formerly head of private equity at the California Public Employees’ Retirement System (CalPERS), has joined Beijing-based CITIC Private Equity (CITIC PE) as a managing director.
Drum Tower launches China VC fund
China-based Drum Tower Ventures has launched its first fund, with a view to raising $50 million for early-stage investments globally.
Succession planning: Ending an era
Succession planning is quickly becoming a strategic priority across Asia Pacific. In Australia, GPs are looking into a number of different ways to make it work
Madison India raises $230m fund
Madison India Capital has reached a final close of $230 million on its latest fund, Madison India Opportunities IV.
PE and AI: The machinists
After decades of tantalizing but patchy progress, artificial intelligence is finally seen as ready for mass commercialization. Investors must now weigh an unmissable opportunity with a world of uncertainty
Fund focus: Asia Alternatives in speedy fundraise
Asia Alternatives has secured $1.8 billion for its latest fund-of-funds in less than five months on the market
Australia's PEP considers infrastructure fund
Pacific Equity Partners (PEP), currently Australia’s largest domestic buyout player, plans to raise an infrastructure fund with a view to applying operational knowhow from private equity to investments in a different asset class.
Japan's Mizuho launches $250m ASEAN fund
Japan’s Mizuho Bank has launched a private equity fund focused on middle-market companies in the ASEAN region with a target corpus of $250 million.
Fosun revises bid for KKR-backed Gland Pharma
Shanghai Fosun Pharmaceutical has altered the terms of its acquisition of a majority stake in India-based Gland Pharma – a deal that will facilitate an exit for KKR – as part of a long-running battle to win regulatory approval.
Asus launches $50m cross-border VC fund
Taiwan-based hardware giant Asus has launched a $50 million VC fund aimed at helping US start-ups expand in Asia.
Trump blocks sale of Lattice Semiconductor to Chinese GP
US President Donald Trump has vetoed the sale of US-based chip maker Lattice Semiconductor to Canyon Bridge Capital Partners, a private equity firm backed by Chinese LPs, citing national security concerns.
Kedaara closes second India fund at $750m
Kedaara Capital has closed its second India-focused fund at the hard cap of $750 million after approximately six months in the market.
Singapore's Insignia closes first fund at $25m
Insignia Ventures Partners, a Singapore-based VC firm founded by former Sequoia Capital India venture partner Yinglan Tan, has raised $25 million for its debut fund.
Asia Alternatives closes $1.8b fund-of-funds
Asia Alternatives has reached a final close of $1.8 billion across its fifth private equity fund-of-funds and a number of related vehicles.