Industry
G.S.K. Velu launches India VC fund
G.S.K. Velu, a former promoter of medical diagnostic chain Metropolis Healthcare, has launched a $100 million venture capital fund.
Australian LPs consider diversified approaches to PE - AVCJ Forum
Australian LPs are increasingly interested in non-traditional structures in private equity as they find that fund investment programs no longer offer the flexibility, fee burden and scale of deployment to meet their needs.
Relationships key to raising capital from family offices - AVCJ Forum
Relationship-building should underpin fundraising efforts targeting family offices, with an emphasis on understanding individual needs and motivations, industry participants told the AVCJ Australia & New Zealand Forum.
Australian LPs make for sophisticated co-investors - AVCJ Forum
Australian superannuation funds are more sophisticated co-investors than their US counterparts, but the ability of LPs across the industry to participate in these deals remains limited.
Pfingsten closes Fund V at $382m
Pfingsten Partners, a US-based GP with a presence in China and India that reflects its manufacturing-focused remit, has closed its fifth middle-market fund at $382 million, exceeding the target of $350 million.
INCJ leads $35m investment in Singapore's Astroscale
Singapore-based satellite services and space technology company Astroscale has secured up to $35 million in funding from VC investors including Innovation Network Corporation of Japan (INCJ) and Jafco.
Cybernaut China hires ex-IBM executive, launches M&A fund
China-focused PE firm Cybernaut has hired Matt Wang, formerly a vice president at IBM, as president and announced the launch of a RMB60 billion ($9 billion) M&A fund.
CPPIB ups stake in India's Kotak Mahindra Bank
Canada Pension Plan Investment Board (CPPIB) has invested INR11.5 billion ($170 million) in India's Kotak Mahindra Bank, picking up a stake held by Japan's Sumitomo Mitsui Banking Corporation.
KKR appoints Scott Bookmyer as Australia head
Scott Bookmyer, COO of KKR’s Asian operation, has been given the additional role of head of Australia. He will relocate from Hong Kong to Sydney and start work in July.
China and CFIUS: Regulatory risks
With Chinese outbound M&A at record levels, prospective buyers of assets in the US must be careful in assessing the possibility of regulators obstructing their deals
China PE regulation: Operation good guys
The rapid growth of online finance technology has turned China into a hotbed for illegal fundraising, with local PE fund managers drawn into the mess. Can new regulation restore investor confidence?
India budget promotes start-ups, boosts public investment
India's newest Union Budget will provide incentives to the country's entrepreneurs and a mixed bag of measures for the investment industry.
CalPERS sells $127m stake in India's Axis Bank
California Public Employees' Retirement System (CalPERS) has sold a stake in India’s Axis Bank worth about INR8.7 billion ($127 million) to Genesis Indian Investment Company.
Blue Sky-backed Alcidion lists in Australia
Blue Sky Alternative Investments-backed healthcare technology company Alcidion has listed in Australia with a A$2 million ($1.4 million) IPO priced at A$0.03 a share.
Telstra backs Monk's Hill Southeast Asia fund
Australia’s Telstra Ventures has made an LP commitment to Singapore-based Monk's Hill Ventures' debut Southeast Asia fund - which is targeting S$100 million ($80 million) - as part of an ongoing pivot to Asian venture capital.
Markus Ableitinger joins placement agent Pyramid
Markus Ableitinger, formerly an Asia-based managing director with Capital Dynamics, has joined placement agent Pyramid Private Equity Partners as an associate partner. He will continue to focus on Asia.
SAIF seeks $800m for China fund
SAIF Partners is targeting $800 million for its fifth Greater China fund, which will make growth investments in the technology, healthcare and cleantech sectors.
Ex-Khosla partner raises $200m for cross-border tech fund
Andrew Chung, formerly a partner at US-based Khosla Ventures, has launched his own VC firm - 1955 Capital - and reached a first close of $200 million on a cross-border technology fund.
Tsinghua Unigroup abandons plan to invest in Western Digital
China’s Tsinghua Unigroup has scrapped its plan to invest in US-based disk drive manufacturer Western Digital after the US regulators decided to investigate the deal.
IDG targets $200m for third India fund
IDG Ventures has launched its third India-focused fund, with a target of $200 million.
Japan's Mitsui Fudosan launches VC fund with Global Brain
31 Ventures, a venture capital firm sponsored by Japanese property developer Mitsui Fudosan, has launched a JPY5 billion ($44 million) fund with Global Brain Corporation that will invest in start-ups globally.
Asian pension funds to boost alternatives exposure - survey
Pension funds in Asia Pacific expect to increase their allocations to alternative assets over the next three years as part of efforts to boost returns and cover their liabilities, according to a new survey.
Lower middle market fundraising: Early adopters
While Australia’s lower middle market still offers opportunities for conventional GPs, some managers see growing potential in alternate fund models. Skepticism is strong among their peers
Australian PE: Under the spotlight
The rapid descent of Dick Smith Electronics from a $500 million valuation to bankruptcy has led to sharp criticism of private equity. Once again, the industry must explain why it isn’t the bad guy