Industry
Indonesia to tighten rules for foreign venture capital
Indonesia's financial regulators will introduce tighter rules for foreign venture capital investors doing business in the country.
Taiwan's Fair Trade Commission approves CNS sale
Taiwan’s Fair Trade Commission has approved the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications.
CPPIB, Goodman re-up in China logistics partnership
Canada Pension Plan Investment Board (CPPIB) and Goodman Group have committed another $1.25 billion to their China logistics joint venture. The JV will also buy nine projects from Goodman with an end build-out value of more than $650 million.
Blume Ventures in $30m first close on second India fund
Blume Ventures has reached a first close of more than $30 million on its second India early-stage fund. The vehicle has a full target of $60 million.
Bain closes third Asian fund at hard cap
Bain Capital has closed its third Asian fund at the hard cap of $3 billion plus a GP commitment of at least $250 million. The fundraising process has taken approximately seven months.
AVCJ daily bulletin returns January 4
AVCJ's daily bulletin is taking a short break for the festive holiday season.
ChrysCapital seeks $600m for seventh India fund
ChrysCapital is targeting $600 million for its seventh India fund, as a number of domestic GPs look to capitalize on a renewed investor interest in the country and a strengthening economic outlook.
CX Partners' Ajay Relan to step back
Ajay Relan, co-founder of India-focused private equity firm CX Partners, is taking a step back with Jayanta Basu assuming responsibility for daily operations as managing partner.
Fosun forges partnership with China’s Modern Sky
Shanghai Joy Network, a media and entertainment investment group owned by Fosun's chairman and founder Guo Guangchang, has committed RMB130 million ($20 million) in Series B funding to Modern Sky Entertainment, a concert and festival event organizer in...
Actor Hugh Jackman invests in L Capital-owned RM Williams
Australian actor Hugh Jackman has invested in bootmaker R.M. Williams, alongside majority shareholder L Capital Asia.
Fund focus: Plugging the innovation gap
First State Super teams up with local VC player H2 Ventures to back Australia financial technology start-ups
2015 in review: Capital in abundance
Ample liquidity and a tech boom drive up investment activity; venture takes center stage in a relatively quiet fundraising environment; exits do not disappoint, but fail to match the highs of 2014.
Five trends for 2016
What do the next 12 months have in store? AVCJ has some ideas, but first here is a review of the predictions made for 2015…
The debate: Are LPs even LPs any more?
A group of top-level LPs of varying sizes came together at this year’s AVCJ Forum to discuss what they want from co-investment, how they prefer to participate, and ensuring alignment of interest with GPs
The crystal ball: Predictions for 2016
From Australia to China and buyouts to venture, industry participants give their perspectives on the year to come for fundraising, investments, and exits
New faces, old faces: Asia PE people moves
A selection of the transfers, promotions, arrivals and departures in the private equity community in 2015
Anand Prasanna leaves Morgan Creek
Anand Prasanna, a director with Morgan Creek Capital Management in Shanghai, has left the firm to pursue entrepreneurial opportunities in India.
WuXi Healthcare closes second Sino-US VC fund at $290m
WuXi Healthcare Ventures, a corporate venture arm owned by China-based WuXi PharmaTech, has closed its second early-stage healthcare fund at $290 million, exceeding the target of $200 million.
Blackstone raises $18b for latest global fund
The Blackstone Group has reached a final close on its latest global private equity fund at $18 billion, with demand said to be well in excess of the $17.5 billion hard cap.
Northstar leads $1b financing deal for Indonesia's Salim Group
Northstar Group has led a $1 billion investment in Salim Group, one of Indonesia’s largest conglomerates, through a structured transaction. TPG Capital and Gateway Management also participated.
LeapFrog gets $200m as OPIC commits to emerging markets GPs
The Overseas Private Investment Corporation (OPIC) has committed $200 million to LeapFrog Investments as part of a $1 billion financing drive for development-oriented funds in emerging markets.
Hunan TV & Broadcast backs Qihoo360 take-private project fund
Hunan TV & Broadcast Intermediary, a Shenzhen-listed TV producer, will invest up to RMB300 million ($46.7 million) in a project fund raised to support the take-private of Chinese internet security firm Qihoo 360 Technology.
Australia’s Blue Sky targets $144m VC fundraise
Blue Sky Venture Capital, a division of Australia-based Blue Sky Alternative Investments, will raise a A$200 million ($144 million) fund focused on later-stage local start-ups.
AVCJ Awards 2015: AVCJ Special Achievement: Ta-Lin Hsu
As founder and chairman of H&Q Asia Pacific, Ta-Lin Hsu has played a key role in the development of private equity in Asia. He continues to look for ways to spread innovation