Industry
Everbright ReinFore closes debut China fund at $355m
Everbright ReinFore, a China-focused PE firm that spun out from an offshore asset management arm of China Everbright Group, has reached a final close on its debut fund at approximately $355 million across two vehicles.
Monk's Hill closes Southeast Asia VC fund
Singapore-based Monk's Hill Ventures has closed its first Southeast Asia-focused fund above its target of $80 million, according to Managing Director Peng T. Ong.
Bain rebrands Sankaty and Brookside, shuffles leadership
Bain Capital has rebranded its credit investment and public equities divisions – Sankaty Advisors and Brookside Capital – under the Bain Capital name and announced changes to its senior leadership.
Australia's MLC loses private equity head
Natalie Meyenn has stepped down as head of private equity at MLC, the wealth management arm of the National Australia Bank (NAB).
Unicorn raises $210m for China VC fund-of-funds
Unicorn Capital Partners, a China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners alumnus Tommy Yip, has closed its debut fund at about $210 million.
Indonesia foreign investment: Negative no more
Changes to Indonesia’s “negative list” are expected to open up the country to more foreign investment, but private equity players will have to remember to tread cautiously
Indonesia VC regulation: One step at a time
Indonesia’s government is serious about supporting VC investment, but regulatory inconsistency continues to slow development of the industry. Participants say engagement with major players is essential
The hothouse: Southeast Asia VC
Investors need to familiarize themselves with Southeast Asia's venture capital market so as not to miss out on a fast-developing opportunity
China Everbright boosts exposure to Haiyin’s cross-border fund
China Everbright has committed an additional $15 million to Haiyin Capital’s latest VC fund, also claiming co-investment rights in the fund's US portfolio companies.
Blackstone changes up Asia leadership
The Blackstone Group has appointed Chris Heady as chairman for the Asia Pacific region. He will retain his existing responsibilities as head of real estate in the region.
EIG hires KKR's Rex Chung as co-head of Asia
EIG Global Energy Partners has hired Rex Chung, formerly of KKR, as managing director and co-head of Asia. He will be based in Hong Kong.
KKR closes $3.3b global special situations fund
KKR has reached a final close of $3.3 billion for its second global KKR Special Situations Fund (KSSF), which will target investments in distressed or event-driven situations.
US-based EVC launches $50m India fund
Entrepreneurship & Venture Capital (EVC) has launched a $50 million fund to focus on early-stage technology investments in India.
CITIC Capital targets $1.5b for China fund
CITIC Capital Partners is targeting $1.5 billion for its latest China-focused private equity fund, having combined the teams that previously pursued separate China and international strategies.
AVCJ daily bulletin returns April 5
AVCJ's daily bulletin will not be published on April 4 due to a public holiday in Hong Kong for the Ching Ming Festival.
China's Suning targets $7.7b for stand-alone investment arm
Chinese electronics retailer Suning Commerce Group will create an investment division with a view to reaching RMB50 billion ($7.7 billion) in assets under management. It is part of a strategic transformation through which the company is looking to establish...
India broadens e-commerce FDI rules
India's government has introduced new regulations to allow 100% foreign direct investment (FDI) in online marketplaces and limit discount offerings by e-commerce companies.
Warburg Pincus seeks $2b for China fund
Warburg Pincus is seeking to raise $2 billion for a new China-dedicated fund, which will make investments in the country alongside its latest $13.4 billion global fund.
APG, Piramal commit $132m to India's Essel Green Energy
Dutch pension fund manager APG Asset Management has committed $132 million, alongside Piramal Enterprises, to Essel Green Energy, the solar power platform of India's Essel Group.
KKR to exit Alliance Tire to Japan's Yokohama
Japanese tire manufacturer Yokohama Rubber has agreed to acquire India's KKR-backed Alliance Tire Group for $1.2 billion.
Cherubic launches $120m fund for US, China
Early-stage venture capital firm Cherubic Ventures is targeting $120 million for its latest fund aimed at investments in the US and China.
Gobi, Mavcap launch $14.5m ASEAN seed fund
Gobi Partners and Malaysia Venture Capital Management (Mavcap) have launched a MYR60 million ($14.5 million) fund that will make seed-stage investments across Southeast Asia.
AVCJ daily bulletin returns March 29
AVCJ's daily bulletin will take a short break for the Easter holiday. Publication will resume on March 29.
Australia's CHAMP Ventures postpones fundraise
CHAMP Ventures has postponed the launch of its eighth fund by six months. The Australian GP was expected to return to market in the first half of this year, having closed its previous vehicle in 2012.