Industry
CIC, Temasek, Hopu back Shenzhen innovation fund
China Investment Corporation (CIC), Silk Road Fund, state-owned property developer Shum Yip Group and Singapore's Temasek Holdings have launched a technology investment fund in partnership with SoftBank-owned ARM Holdings and Hopu Investments.
AVCJ daily bulletin returns February 1
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 1.
Hong Kong Monetary Authority to boost long-term investments
The Hong Kong Monetary Authority (HKMA) plans to increase investments from the its long-term growth portfolio (LTGP) – the majority of which is deployed in private equity – in response to a “high complex and unpredictable” global political and economic...
China Everbright reaches second close on global fund
China Everbright has reached a second close of $294 million on its cross-border investment fund.
India's Endiya closes debut fund at $26m
Indian early-stage VC firm Endiya has reached a final close of INR1.75 billion ($25.7 million) on its debut fund.
European investors commit $25m to Indian VC Aavishkaar
India-based impact investment firm Aavishkaar-Intellecap Group has raised $25 million from Triodos Investment Management and the Shell Foundation.
NYSTRS commits $100m to MBK's fourth North Asia fund
New York State Teachers’ Retirement System (NYSTRS) has disclosed a commitment of $100 million to MBK Partners’ fourth North Asia buyout fund, which closed at $4.1 billion in December 2016.
VIDEO: Jun Tsusaka, NSSK
Jun Tsusaka, managing partner, CIO and founding member at NSSK, discusses Japan's middle market
Fund focus: TukTuks answers call for Thai exposure
Domestic high net worth individuals and corporates are the major contributors as 500 Startups closes its debut Thailand venture capital fund above target at $15.4 million
Japan succession deals: The long game
Succession planning opportunities are growing in Japan’s middle market as a generation of founders bend to the will of time and commercial pressure. For GPs seeking buyouts, it is all about who you know
LP interview: The Dietrich Foundation
The Dietrich Foundation has an unusually large allocation to PE and VC, and to China venture capital in particular. CIO Edward J. Grefenstette discusses the considerations that underpin this exposure
China launches $15b internet investment fund
China’s Ministry of Finance and the Cyberspace Administration of China (CAC) - the country's internet oversight agency - have launched an internet-related investment fund with a target of RMB100 billion ($15 billion).
Skadden hires Asia fund formation partner from Ropes
Skadden has appointed Geoffrey Chan, formerly head of the Asia private investment funds practice at Ropes & Gray, as partner and head of its Asia Pacific investment management practice.
Tokio Marine secures $363m second close on Japan fund
Tokio Marine Capital has reached a second close of JPY41.7 billion ($363 million) on its latest Japan mid-market fund. The full target is JPY50 billion.
IDFC to expand platform investments in Fund IV
IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group, plans to continue its strategy of building platforms with its fourth fund.
Saama in $57m final close on India VC fund
Saama Capital has closed its third India venture capital fund at $57 million, above the target of $50 million.
500 Startups closes Thailand fund at $15.4m
500 Startups has reached a final close of $15.4 million on its Thailand-focused early-stage fund. It had originally targeted $10 million.
China fundraising: Venture rising?
With the pace of fundraising picking up in China's venture capital industry, offshore LPs face challenges keeping up with the latest developments
LPs see limitations as well as opportunities in Asia co-investment
Co-investment opportunities are increasing in Asia, with LPs pushing for direct exposure to deals and GPs more willing and able to bring them in, but they do not appeal to all institutional investors.
Fosun agrees strategic partnership with India's Iron Pillar
Chinese conglomerate Fosun International has entered a strategic partnership with Iron Pillar, an India-based VC firm focused on mid-stage technology companies, to make co-investments in India.
LPs must address staffing constraints as Asian opportunities multiply
Global LPs targeting increasingly complex opportunity sets in Asia must streamline their activity and employ a range of techniques to reconcile shortages in investment team resources, panelists told the Hong Kong Venture Capital & Private Equity Association's...
India's IVFA rebrands as True North
India Value Fund Advisors (IVFA) has changed its name to True North (Managers) and formalized its sector specialist strategy.
Fund focus: INSEAD alumni pay it forward
INSEADAlum Ventures, a seed-stage investor focused exclusively on INSEAD alumni, has raised its debut fund from a group of graduates keen to give back to the school where they got their start
India's OIJIF reaches $220m first close on second fund
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the State General Reserve Fund of Oman (SGRF) and the State Bank of India (SBI), has reached a first close of $220 million on its latest fund.