Industry
Gaja targets mix of majority, minority India deals
One of the first two investments from Gaja Capital's recently closed third fund is a control transaction and Gopal Jain, the firm's managing partner, expects more of the same as the Indian economy matures.
India clarifies safe harbor rules for offshore funds
India's government has clarified the "safe harbor" provision in the country's tax code in a move expected to allow offshore funds doing business in the country to operate with less tax exposure.
Partners Group raises $2.8b for global secondaries program
Partners Group has closed its sixth dedicated private equity secondary program at the hard cap of EUR2.5 billion ($2.8 billion).
TPG targets India distress
TPG Capital is planning to invest up to $3 billion in India-based distressed assets over the next three years, according to Jim Coulter, the firm's co-founder and co-CEO.
PE investors to exit China's Happigo Home Shopping
Hony Capital, CITIC Private Equity and Sequoia Capital are set to exit Happigo Home Shopping, a Shenzhen-listed online and TV shopping subsidiary of Hunan TV.
Reputational due diligence: No stone unturned
Thorough reputational due diligence can find both potential deal-breakers and opportunities for improvement. Are PE firms taking it to the necessary depth in emerging markets like India?
Profile: Trifecta's Rahul Khanna
Rahul Khanna drew on his experiences in Silicon Valley to identify and then fill a gap in India’s VC landscape. The result was Trifecta Capital, the country’s first venture debt fund
CPPIB, Kotak form $525m India distressed asset vehicle
Canada Pension Plan Investment Board (CPPIB) will partner with Kotak Mahindra Group to invest up to $525 million in distressed assets in India.
Korea's POBA to double offshore PE allocation
South Korea’s Public Officials Benefit Association (POBA) plans to double its allocation to offshore private equity funds this year to $200 million.
JC Flowers, Ambit form India stressed asset JV
US-based private equity firm J.C. Flowers will form a joint venture with India's Ambit Holdings to buy stressed assets in India.
NewQuest reaches first close on Fund III, hires ex-CVC executive
Direct secondaries specialist NewQuest Capital Partners has reached a first close of just over $500 million on its third fund, beating the initial target for the entire vehicle.
Lightspeed closes latest funds at $1.2b
Lightspeed Venture Partners has closed its latest global fund at $715 million, and raised an additional $500 million for a follow-on vehicle.
Shanghai Chengtou commits to Hony's Fund VIII
Shanghai Chengtou Holding, a Shanghai-listed property developer which is also a portfolio company of Hony Capital, has committed RMB400 million ($62 million) to the GP’s latest China fund.
India's Paragon reaches $50m first close on maiden fund
Paragon Partners, an India-based mid-market private equity firm founded last year, has reached a first close of $50 million on its debut fund.
CDPQ establishes India office
Caisse de dépôt et placement du Québec (CDPQ) has founded its India office and committed to invest $150 million in renewable energy in the country.
GPs focus on operational value-add in slowing China - AVCJ Forum
China's economic slowdown can create better investment opportunities for long-term private equity investors who are value-oriented and operationally focused, as entrepreneurs are becoming more receptive to the asset class.
Spring Capital founder Vincent Chan joins Samena
Vincent Chan, founder of China-focused GP Spring Capital, has been appointed senior managing director and head of Asia at Samena Capital.
Q&A: L Capital Asia's Ravi Thakran
Following the announcement of L Capital's merger with Catterton, Ravi Thakran, managing partner and chairman of L Capital Asia, discusses the implications of the deal and shares his views on the investment climate
Fund focus: Asia LPs in Morgan Stanley infra push
Morgan Stanley raises $5.8 billion for global infrastructure investments as the asset class matures in Asia
Fund focus: Pfingsten stresses its Asia angle
US-based Pfingsten Partners raises $382 million for Asia manufacturing investments
Indian healthcare: Booster shots
Technological progress and changing consumer habits are bringing long-overdue change to India’s overworked healthcare system. Taking advantage will mean mastering the unique challenges of the market
Direct investment: Embracing the unorthodox
The effect of direct investment and co-investment by LPs is more profound than often realized, and has consequences for the future of fundraising
Kotak Mahindra Group raises $237m for Indian realty
India’s Kotak Mahindra Group has closed a commitment of INR16 billion ($237 million) from institutional investors for equity investments in realty projects.
500 Startups launches $10m Vietnam fund
US-based accelerator 500 Startups has launched its latest country-specific fund with a target of $10 million for investments in Vietnam.