Industry
Piramal, Bain form distressed asset partnership
Indian conglomerate Piramal Enterprises has partnered with Bain Capital Credit to invest in distressed assets and restructuring situations in India.
Korea exits: Seller central
Foreign buyers and restless chaebols could help deliver more exit opportunities for private equity firms in Korea – provided it is the right asset, at the right price, at the right time
Korea VC: Leaps of faith
Korean e-commerce start-ups have seen breakthroughs in fundraising over the last few years, but investors are already concerned about the future of the industry
KKR seeks up to $7b for third Asian fund
KKR will target between $6 billion and $7 billion for its third pan-regional fund, taking a relatively small step up from the previous vehicle, which closed at $6 billion in mid-2013.
Indian recruiters launch $10m VC fund
Indian recruitment companies Kelly Services India and Temp Holdings have launched a INR670 million ($10 million) venture capital fund focused on human resources-focused start-ups.
Blue Sky founder Mark Sowerby to step back
Mark Sowerby, founder and managing director of Australia-based Blue Sky Alternative Investments, will retire from the firm.
Bridgeport takes full ownership of fellow Australia GP Hawkesbridge
Bridgeport Capital has taken full ownership of Hawkesbridge Private Equity and will integrate the latter’s portfolio into its own. This follows a management buyout of Hawkesbridge’s property unit at the end of last year.
New Zealand's Oriens Capital raises $21.8m
New Zealand private equity firm Oriens Capital has received commitments for its debut fund in excess of the vehicle’s first-close target of NZ$30 million ($21.8 million).
China state asset manager launches $30b VC fund
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
China Everbright reaches first close for global fund
China Everbright has reached a first close of $264 million on a new global investment fund.
Indian government, NBFC launch $15m venture fund
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
Profile: Blackbird Ventures' Rick Baker
Blackbird Ventures’ Rick Baker sees his unplanned career path as essential to helping build the strengths needed to help revive Australia’s venture capital scene
Chinese consortium further scales back Opera deal to $575m
A PE-backed Chinese consortium has agreed to scale back its ongoing acquisition of the web browser business of Norway’s Opera Software to a value of $575 million. It follows a renegotiation earlier this year that agreed a $600 million deal as an alternative...
Venture philanthropy: Change agenda
Well-established in developed and some developing markets, venture philanthropy is still only taking hold in much of Asia. PE firms are figuring out whether they should participate and in what way
China's K2VC closes $150m growth-stage RMB fund
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
Quadrant raises $754m for Australia mid-market fund
Australian GP Quadrant Private Equity has closed its eighth fund - and fifth as a fully independent entity - at A$980 million ($754 million). As with the previous fundraise in early 2014, the process was completed in approximately one month.
IFC commits $45m to two China funds
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $45 million between two Chinese PE funds.
Outbound fund-of-funds: China's white space
Is channeling capital from Chinese high net worth individuals into offshore private equity the next big opportunity for fund-of-funds providers?
Fund focus: Reinventure seeks disruptive fintech
Leveraging its synergies with Westpac, Reinventure Group will invest in start-ups through which the bank can access innovations that complement its business model or integrate technology solutions directly into its systems
CDPQ buys 20% stake in Plenary's Australia business
Caisse de dépôt et placement du Québec (CDPQ) has agreed to acquire a 20% stake in Plenary Group Holdings, which controls the Australian operations of the global specialist infrastructure investor Plenary Group.
EVP, Microequities launch $15.4m Australian VC fund
Equity Venture Partners (EVP) and Microequities Asset Management have launched a A$20 million ($15.4 million) venture capital fund to focus on Australian technology start-ups.
Q&A: CalSTRS' Christopher Ailman
Christopher Ailman, CIO of the California State Teachers’ Retirement System (CalSTRS), explains how his organization’s approach to ESG has evolved and what this means for portfolio managers
Australia's Westpac invests $38m in Reinventure
Australia's Westpac Banking Corp. has committed A$50 million ($38 million) to the second fund of Reinventure Group.
Korean brokerage wins license to launch PE arm
South Korean brokerage NH Investment & Securities has been awarded a license to launch a private equity investment unit.