Industry
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.
Korea's NPS appoints new CIO
The National Pension Service of Korea (NPS) has named Myun-Wook Kang, formerly CEO of Meritz Asset Management, as its new chief investment officer.
Taiwan regulator allows VC firms to list domestically
Taiwan’s Financial Supervisory Commission (FSC) has issued guidelines for Taiwan-based venture capital firms to pursue onshore IPOs.
IMJ targets $53m for Japan venture fund
Singapore-based IMJ Investment Partners has raised JPY2 billion ($17.7 million) for a venture capital fund that will back start-ups in Japan. The full target is JPY6 billion.
China tightens domestic private fund supervision
The Asset Management Association of China (AMAC), a self-regulatory organization for the PE industry set up by the securities watchdog, has tightened rules on domestic fund managers’ registration, with a view to cracking down on financial scams.
Australian senate committee to investigate Dick Smith demise
An Australian parliamentary committee will launch an inquiry into the collapse of listed domestic retailers following the demise of Dick Smith Electronics, which was previously owned by Anchorage Capital Partners.
Black Soil's Chang Sun postpones China agri fundraise
Chang Sun, the former Asia managing director at Warburg Pincus who co-founded Chinese agriculture start-up Black Soil, has delayed plans to raise a $1 billion PE fund and will instead focus on individual deals.
AVCJ daily bulletin returns February 11
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 11.
Prologis ups commitment to China logistics venture
Prologis, a global real estate investment trust (REIT), has announced an increase of $882 million in the equity commitment to the Prologis China Logistics Venture.
Japan Post Bank prepares for PE investment
Japan Post Bank plans to start making commitments to private equity funds in the first half of this year, according to Katsunori Sago, the bank’s vice president in charge of asset management.