Industry
CDC commits $10m to South Asia impact investor
The DFID Impact Fund, a social impact investment vehicle managed by UK-based development finance institution CDC, has made its first investment in South Asia, committing $10 million to the Insitor Impact Asia Fund.
Sovereign funds increase alternatives allocations - survey
Global sovereign wealth funds have continued to cut their investments in bonds and increase their allocations to alternative asset classes, including private equity, infrastructure and real estate, according to a new survey.
Australia's Laguna Bay reaches $208m first close on agri fund
Australian agriculture fund manager Laguna Bay Pastoral Company has reached a first close of A$280 million ($208.5 million) on its second investment vehicle for institutional investors.
AVCJ daily bulletin returns June 10
AVCJ's daily bulletin will not be published on Thursday June 9 due to the public holiday in Hong Kong.
China's NSSF posts 15.2% investment return for 2015
China’s National Council for Social Security Fund (NSSF) generated an investment return of 15.19% last year, up from 11.69% in 2014.
Q&A: Maison Capital's Roger Wu
Roger Wu, a partner at Maison Capital – an early mover in China’s renminbi fund space – explains the firm’s systematic approach to identifying investment trends before of the competition, and valuations, heat up
Temasek issues bonds backed by PE fund interests
A unit of Singapore government-backed investment group Temasek has issued $504 million in bonds backed by 34 private equity funds.
New Zealand VC: Apprehensive eruption
After a dormant 2015 during which no funds were raised, New Zealand has seen a flurry of activity in the first half of this year. It is piquing enthusiasm – albeit cautiously – for a fledgling VC space
It's good to talk: PE's communication imperative
Asian private equity has in recent years discovered the benefits of greater media and public engagement
Navis eyes $183m Malaysia-focused fund
Navis Capital Partners is seeking to raise up to MYR750 million ($183 million) for its second Malaysia-dedicated fund.
PE-backed Jones the Grocer folds in Australia again
The Australian operation of Jones the Grocer, a gourmet food retailer backed by L Capital Asia, has entered voluntary administration for the second time in two years.
Brookfield closes $4b global fund
Brookfield Asset Management has reached a final close of $4 billion on its fourth global private equity fund.
Korea's NPS boosts overseas PE exposure
The National Pension Service of Korea (NPS) has pledged to more than double the Asian allocation of its KRW19.5 trillion ($16.4 billion) allotment for global private equity investment.
China buyouts: Small beginnings
China holds many potential buyout deals, but the challenge for GPs is making sure they can complete their goals for the companies
Australia's CapitalPitch launches $7m early-stage fund
Australia-based start-up networking platform CapitalPitch has launched a fund focused on early stage investments, with a target size of at least A$10 million ($7.3 million).
China announces new rules for GPs listing on New Third Board
China’s securities regulator said it would resume its approval of qualified private equity firms listing on the National Equities Exchange and Quotations (NEEQ), while imposing tighter listing requirements.
LP interview: Top Tier Capital Partners
Top Tier Capital Management sees continued interest from Asian LPs in the US venture capital market, but newcomers to the asset class must learn to understand its workings and be prepared for setbacks
China mezzanine: Hybrid solutions
Investors see more opportunities in the growth mezzanine space as China’s economy slows, but deal structuring is a challenge due to the need for onshore and offshore components
The communicators: Investor relations in Asia
GPs in Asia are devoting more resources to investor relations in response to increased reporting requirements and a challenging fundraising environment. But finding the right IR formula is not easy
PE investors see value in forward planning on operational improvement
Operational strategies should be defined in detail well before any financial commitment is made, according to industry participants at the Hong Kong Venture Capital & Private Equity Association's (HKVCA) China summit.
Korea to allow publicly-raised capital into private equity
Korea’s Financial Services Commission (FSC) has announced plans to allow capital raised through public market offerings to invest in domestic private equity and real assets vehicles.
Morgan Stanley marks down India's Flipkart again
Morgan Stanley Institutional Fund Trust has marked down its investment in Flipkart for the second quarter in a row, reducing its estimate of the Indian online retail giant by 15.5%.
Fund focus: WI Harper sticks to small scale
While other VC firms have seen significant jumps in fund size as they target the growth space, WI Harper's latest Asia-US vehicle will remain focused on early-stage deals with a cross-border angle
Asia leads first quarter global fintech investments
VC-backed companies in Asia led a worldwide surge of investments in financial technology companies in the first quarter of 2016, according to a new report from KPMG and CB Insights (CBI).