Industry
HarbourVest opens Korea office
HarbourVest Partners has opened an office in Seoul. It will be led by Minjun Chung, who is already responsible for investment opportunities and client relations in South Korea.
Adams Street names Yar-Ping Soo Asia investment team head
Yar-Ping Soo, a partner with Adams Street Partners, has been appointed head of the firm’s Asian investment team, succeeding Piau-Voon Wang, who will become a senior advisor.
Experienced GPs make India more attractive - AVCJ Forum
The growth in experience of Indian GPs over the last several years is making the country a more attractive destination for capital, global LPs told the AVCJ India Forum.
India's ICICI Venture appoints new CEO
India-based ICICI Venture has appointed Prashant Purker as managing director and CEO. He replaces Vishakha Mulye, who recently moved to parent group ICICI Bank as executive director.
VC top-up funds: Extra ordinance
A growing number of Chinese VC firms are raising top-up funds so they can continue supporting portfolio companies through ever larger growth rounds. Has the fundraising landscape changed forever?
Southeast Asia fundraising: Growing pains
Beyond Navis Capital and Northstar Group, there are few Southeast Asia-focused GPs of meaningful scale. The lack of integration between markets in the region remains an issue
India PE primed for a pay-off - AVCJ Forum
While India's private equity industry has been slow to deliver rewards to LPs, the groundwork has been laid for investors to see returns in the near future, industry participants told the AVCJ India Forum.
India's Next Orbit seeks $750m for VC fund
India-based Next Orbit Ventures (NOV) is targeting $750 million for its second fund, which will target the electronics systems design and management.
Indian government plans $1b renewables fund
The Indian government wants to raise a $1 billion private equity fund focused on renewable energy, according to Piyush Goyal, minister responsible for power, coal and renewable energy.
China Communications, NSSF set up infrastructure fund
China Communications Construction Company (CCCC) and the National Council for Social Security Fund (NSSF) have established a RMB15 billion ($2.3 billion) infrastructure fund.
Ping An, Adamas launch $500m China SME-focused fund
Adamas Asset Management and Ping An Trust have launched a joint venture fund with a target of $500 million to invest in growth-focused Chinese small and medium enterprises (SMEs).
RRJ, Value Partners invest in Logan Property
RRJ Capital, Hong Kong-based asset management firm Value Partners, and other investors have committed HKD1.5 billion ($197 million) to Logan Property Holdings, a real estate development business controlled by Chinese billionaire Kei Ho Pang.
Northstar closes PE fund at $810m, VC fund at $89m
Northstar Group has reached a final close of $810 million on its fourth fund, which targets Southeast Asia, with a particular focus on Indonesia. Meanwhile, the firm’s VC unit, NSI Ventures, has closed its debut fund at $89 million.
AVCJ journalists win awards
Asian Venture Capital Journal was honored at the 2015 State Street Institutional Press Awards, Asia Pacific, winning three categories outright and receiving highly commended citations in three more.
Japan Post Bank to launch private equity division
Japan Post Bank, a unit of the recently-privatized Japan Post Holdings, will create a division to explore private equity investment opportunities.
Q&A: IDFC Alternatives' MK Sinha
M.K. Sinha, CEO of IDFC Alternatives, explains how the firm has been focusing on private equity exits, gradual accumulation of assets in infrastructure, and opportunistic openings in real estate
India carve-outs: A larger slice
Corporate carve-outs are on the rise in India as companies divest due to financial pressure or strategic rationale. To get these deals, PE firms must demonstrate operational capability and corporate sensitivity
Warburg Pincus closes latest global fund at $12b hard cap
Warburg Pincus has closed its latest global fund, which will seek investments in companies at all stages of development, at the hard cap of $12 billion.
Alibaba picks Gobi, CDIB to run HK, Taiwan entrepreneur funds
Alibaba Group has officially launched its entrepreneur funds - worth a collective $450 million - in Hong Kong and Taiwan, picking Gobi Partners and China Development Industrial Bank (CDIB) to manage the vehicles in those respective markets.
Offshore service providers see regulation driving up costs - survey
The law firms, corporate service providers and accountants responsible for the offshore structures that underpin most private equity funds and transactions expect costs to rise as tighter regulations take hold.
India's NSR promotes Arvind Malhan to partner
Indian growth-stage private equity firm New Silk Route (NSR) has promoted Arvind Malhan to partner.
Ameba Capital closes second China VC fund at $157m
Ameba Capital, an early-stage VC firm co-founded by former executives from Alibaba Group and Kingsoft, has closed its second renminbi-denominated fund at RMB1 billion ($157 million).
Taiwan's CDIB Capital launches cross-strait VC fund
CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), is raising a later-stage venture fund to focus on cross-strait expansion.
CHAMP's Ferris to lead Innovation Australia
Bill Ferris, co-chairman and co-founding partner of CHAMP Private Equity, has been appointed chairman of Innovation Australia, an independent, government-established body with a mandate that includes supporting start-ups and venture capital.