Industry
Australian regulator questions Platinum's OfficeMax acquisition
Platinum Equity’s acquisition of OfficeMax in Australia and New Zealand – which came shortly after the GP agreed to buy the regional operations of Staples – has been flagged by Australian regulators due to concerns that it could lessen competition in...
China Life, Baidu launch $1b tech PE fund
China Life Insurance Group and internet search giant Baidu have agreed to form a RMB7 billion ($1 billion) private equity fund to invest in technology companies.
SparkLabs launches $50m Korea, SE Asia venture fund
SparkLabs Global Ventures has launched a $50 million venture capital fund that will make Series A and B investments in Korean and Southeast Asian start-ups.
AVCJ Awards 2017 - nominations have closed
Nominations for the 2017 AVCJ Private Equity & Venture Capital Awards have now closed. Many thanks for your participation.
Australia's Alium raises $79m venture fund
Australia-based Alium Capital has received A$100 million ($79 million) in commitments for its debut venture capital fund, meeting the targeted corpus.
Macquarie receives $300m for Asia infra fund
Australia’s Macquarie Infrastructure and Real Assets (MIRA) has launched a new Asia infrastructure fund with a $300 million cornerstone LP commitment from Canada’s Alberta Investment Management Corporation (AIMCo).
Gobi reaches $50m first close on Southeast Asia fund
Gobi Partners, a Shanghai-based venture capital investor focused on China and Southeast Asia, has reached a first close of $50 million on its latest Southeast Asia fund.
Fundraising: The LP angle
On a recent US trip North American LPs shared their views of the institutional funding zeitgeist
Carlyle merges India growth, buyout teams
The Carlyle Group has merged its growth and buyout teams for India in order to streamline operations in the country.
NZVIF expands seed-stage mandate
The New Zealand Venture Investment Fund (NZVIF), a government-sponsored fund-of-funds, has doubled the investment cap of its seed-stage vehicle to NZ$1.5 million ($1.1 million) per company.
IFC proposes $5m commitment to Wavemaker Southeast Asia fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $5 million to Wavemaker Partners’ Southeast Asia-focused venture capital fund.
Data centers: The information edge
Asia’s booming online economies have created unprecedented demand for data center services, but private equity investors still must determine the best way to approach the industry
Lilly Asia closes healthcare fund at $450m hard cap
China-focused Lilly Asia Ventures (LAV) has closed its fourth healthcare-focused fund at the hard cap of $450 million.
Australian regulator queries PE-backed childcare merger
Australia’s competition regulator has expressed concerns about the merger of outside school care providers Camp Australia and Junior Adventures Group (JAG), both of which are private equity-owned.
Australia's LaunchVic terminates partnership with 500 Startups
LaunchVic, a start-up investment fund backed by the government of Victoria, has ended its planned partnership with 500 Startups in the wake of a sexual harassment scandal at the Silicon Valley-based accelerator.
Profile: Tsing Capital's Don Ye
Don Ye, founder and managing partner for Tsing Capital, is sometimes called the ‘elder statesman’ of cleantech investment in China. Formative years in the US helped him clarify an actionable world view
India's goods and services tax: A fair fight
While India’s new goods and services tax regime has caused temporary dislocation, private equity players are confident that their portfolio companies are set for long-term success
General Atlantic hires ex-ambassador to boost SE Asia coverage
General Atlantic has named its second Asia-based special advisor in a month with the appointment of John A. Prasetio (pictured) to help develop business opportunities in Southeast Asia, with a particular focus on Indonesia.
InnoVen co-founders launch India venture debt fund
Ajay Hattangdi (pictured) and Vinod Murali, co-founders of venture debt firm InnoVen Capital, have established their own India venture debt business and are looking to raise a $155 million fund, including a $30 million greenshoe option.
NYSTRS to invest $100m in ADV's second Asia fund
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to ADV Partners’ second Asian special situations fund. The PE firm closed its debut vehicle at $545 million in 2015.
Q&A: Permira's Alex Emery
Alex Emery, head of Asia at Permira, on global funds versus regional funds, escalations in dry powder and deal size, and how to lay the ground for when the current bull run inevitably comes to an end
Hong Kong tax: Still no certainty
The Financial Services Development Council has criticized Hong Kong's tax exemption for offshore PE funds - and with good reason. It remains to be seen if regulators have the will to respond the group's proposals
Blue Lake reaches $120m first close on China VC fund
Blue Lake Capital, a China-focused VC firm led by two former GGV Capital and Sequoia Capital executives, has reached a first close of more than $120 million on its second early-stage fund. The full target is $200 million.
Jafco buys back $577m in shares from investors
Japanese venture capital firm Jafco has agreed to buy back JPY63.8 billion ($577.4 million) worth of shares from its major shareholders, including Nomura Holdings.