Industry
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.
Australia VC: Policy power
Australia’s innovation agenda is intended to serve as the foundation stone of a technology-driven economy. Do the promises made to start-ups address areas where they want to see change?
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
TCL, Tsinghua Unigroup launch $1.5b China M&A fund
Chinese electronics manufacturer TCL Group has partnered with Tsinghua Unigroup, an investment arm of Tsinghua University, to launch an industry M&A fund with a target of RMB10 billion ($1.53 billion).
Asian GPs want training from fund administrators - survey
More than one third of Asia-based GPs would like fund administrators to provide additional training services, a demand that likely reflects growing concerns in the region about tax regulation, according to a survey.
Australia's Future Fund makes secondary sale to CPPIB - report
Australia’s Future Fund exited A$1 billion ($712 million) worth of fund positions from its private equity portfolio last year, with Canada Pension Plan Investment Board (CPPIB) picking up the assets.
Lightstone Ventures raises $50m Singapore fund
Lightstone Ventures has closed a $50 million fund aimed at investments in Singapore-based companies in the life-science sector.
China Perfect World launches PE fund to invest in Universal movies
China-based Perfect World Pictures has launched a private equity fund to invest in a slate of movies produced by US Universal Pictures.
Fairchild rejects China Resources, Hua Capital buyout offer
US-based Fairchild Semiconductor International has turned down a $2.6 billion take-private bid from China Resources Microelectronics and Hua Capital.
Adams Street promotes Doris Guo to partner
Adams Street Partners has promoted Doris Guo, a principal in charge of primary investments in Greater China, to partner.
GLP, CPPIB establish $877m Japan joint venture
The Japanese arm of Singapore-listed warehouse operator Global Logistics Properties (GLP) and Canada Pension Plan Investment Board (CPPIB) have established a joint venture that will invest an initial JPY100 billion ($877 million) in local logistics projects.
VIDEO: Doughty Hanson's Adam Black
When Adam Black joined Doughty Hanson & Co seven-and-a-half years ago as partner and head of sustainability, the firm received 5-6 questionnaires per year from LPs on environmental, social and governance (ESG) issues. That number has since quadrupled
Direct exposure: Family offices and co-investment
Wary of blind pools and keen to play a more active role in private equity, family offices are considering direct investment opportunities. Strategies and capabilities vary, as does the level of risk
Sequoia in India: Early-stage icon
At $920 million, Sequoia Capital latest India fund is the largest ever VC vehicle raised in the country. How will the technology sector accommodate this quantum of capital?
TPG's Sing Wang named CEO of China Minsheng Financial
Sing Wang, who until last year was co-chairman for Greater China at TPG Capital and head of TPG Growth in North Asia, has joined China Minsheng Financial Holding as CEO.
Ex-CLSA Capital Partners CEO joins TRG as partner
The Rohatyn Group (TRG) has hired Christopher Seaver, formerly CEO of CLSA Capital Partners, as a partner based in its Hong Kong office.
Profile: Black Soil's Chang Sun
Chang Sun swapped his life as head of North Asia at Warburg Pincus to become a farmer in China. He sees substantial financial and social opportunities in modernizing a highly inefficient agriculture sector
Korea's SEMA earmarks $125m for foreign PE funds
Korea Scientists & Engineers Mutual-aid Association (SEMA), which manages more than KRW3.6 trillion ($2.9 billion) in pension assets, plans to invest half of its KRW300 billion overseas allocation for 2016 in private equity.