Industry
LP interview: North East Private Equity Asia
Seven years ago, Sam Robinson was invited to build a European family office’s Asia private equity portfolio from the ground up. He favoured familiar faces in the small to mid-cap space
BPEA EQT hits first close on mid-market fund, seals debut deal
BPEA EQT – which was formed through the merger of Baring Private Equity Asia and EQT – achieved a first close on its pan-regional mid-cap fund at the end of last year and the vehicle recently completed its debut investment in a Malaysia-headquartered...
Silicon Valley Bank's China JV reassures stakeholders
SPD Silicon Valley Bank, the China-based joint venture of SVB Financial Group, has offered assurances about the robustness of its operations following the closure of SVB Financial-owned US lender Silicon Valley Bank (SVB), while listed Chinese clients...
Australian GPs look to retain spirit of entrepreneurship - AVCJ Forum
The combination of personalities and skillsets that characterised the first generation of Australian private equity is unlikely to be repeated, but GPs are still looking for ways to capture elements of entrepreneurialism even as the industry becomes more...
BlackRock hires Campbell Lutyens' Asia head
BlackRock has recruited George Maltezos, formerly head of Asia Pacific at placement agent Campbell Lutyens, to lead alternatives distribution in the region.
Adams Street establishes Australia presence
Adams Street Partners has opened an office in Sydney, which will be led by Shaun Thomas, an investor relations principal who joined the firm last November.
AI-dedicated GP targets South, Southeast Asia
A group of artificial intelligence (AI) investors in Africa have launched a new Singapore-based private equity firm, AI Capital, that will invest across South and Southeast Asia, as well as Africa.
Australian LPs get tough on unlisted valuations - AVCJ Forum
Australian LPs are facing more scrutiny as to how they value unlisted assets, prompting several superannuation funds to establish independent valuation teams that operate separately from private equity investment professionals.
Permira closes $17.6b global buyout fund
Permira has closed its latest flagship global buyout fund with EUR 16.7bn (USD 17.6bn) in commitments, a 50% increase on the previous vintage.
Japan's Keio Innovation targets $109m for Fund III
Keio Innovation, a VC arm of Keio University, is aiming to raise JPY 15bn (USD 109.2m) for its third fund, more than its first two vintages combined.
Xiaomi hits $1.3b second close on semiconductor fund
Xiaomi Private Equity Fund Management, a unit of Chinese smart phone maker Xiaomi, has achieved a second close of CNY 9bn (USD 1.29bn) on a semiconductor fund targeting CNY 10bn.
Hong Kong: Action on innovation
Efforts to turn Hong Kong into a technology ecosystem are still at an early stage. Investors and start-up founders believe many of the ingredients are there, but the recipe can be flawed or ignored
AVCJ Awards 2022: Special Achievement – Kok Peng Teh
Kok Peng Teh spent most of his career at GIC, helping build out what has become one of the world’s largest private equity programmes and nurturing the careers of numerous industry participants
Hong Kong PE stalwart John Levack dies aged 64
John Levack, who spent over two decades with Electra Partners Asia and was a long-serving board member at the Hong Kong Venture Capital & Private Equity Association (HKVCA), has died aged 64.
Q&A: Aware Super's Damien Webb
Damien Webb, deputy CIO and head of international at Australia’s Aware Super, on opening offices overseas, internalising asset management, and opportunities at the nexus of PE and infrastructure
B Capital closes US-Asia healthcare fund on $500m
US and Asia-focused VC firm B Capital has closed its first dedicated sector fund, collecting USD 500m for investments in healthcare.
Investcorp opens Japan office
Investcorp has opened a Tokyo office to serve as a staging post for direct private equity and real estate investments Japan.
Goodwin adds investment funds partner in Singapore
Goodwin Proctor has recruited Matthew Nortcliff as a partner in its investment funds practice in Singapore, adding headcount to an office that opened towards the end of last year.
India's Nexus Venture closes Fund VII on $700m
Nexus Venture Partners has reached a final close on its seventh India venture capital fund with USD 700m in commitments, taking the firm’s total assets under management past the USD 2bn mark.
GP profile: Yunqi Partners
It took seven years for Yunqi Partners' 2B investment thesis to be proven with the emergence of a swath of unicorns. The Chinese VC firm expects much more from the space – at rational valuations
Asia co-investment: Gun-shy LPs?
Overallocation, risk aversion, and troubleshooting existing deals have prompted some LPs to pull back from co-investment in Asia. Others are willing to step in, but the market is selective
Q&A: Blackbird Ventures' Rick Baker
Rick Baker, co-founder of Australia’s Blackbird Ventures, on pricing adjustments in the tech space, fundraising and secondaries, valuing unicorns, and the rise of ChatGPT
Singapore's Grayscale hits first close on debut VC fund
Grayscale Ventures, a Singapore-based VC firm set up last month by South Asia-focused investors at Japan’s Strive, has achieved a first close of about USD 10m on its debut fund.
Regulator raises the qualification bar for Chinese GPs
China has introduced minimum paid-up capital requirements for local private equity firms that could force smaller, less sophisticated players out of the market.