Industry
2015 AVCJ Awards supplement available for download
The supplement featuring winners of the 2015 AVCJ Private Equity & Venture Capital Awards that appeared with the December 8 issue of the magazine is now available for download.
AVCJ Awards 2015: Fundraising of the Year - Mid Cap: Ascendent Capital Partners
As corporate China adjusts to a slower growth environment, Ascendent Capital Partners’ strategy of providing advice alongside capital resonated with LPs
AVCJ Awards 2015: Fundraising of the Year - Venture Capital: Banyan Capital
Set up in 2013, Banyan Capital got busy quickly in China’s early-stage space and is now managing its second US dollar fund, which closed at $362 million
AVCJ Awards 2015: Fundraising - Large Cap & PE Professional of the Year: Jean Eric Salata
Jean Eric Salata, CEO and founding partner of Baring Private Equity Asia, on why fund and deal sizes are getting bigger
India: Out of the shadows
Anecdotal evidence from AVCJ Forums and research data are in agreement - India's private equity industry is returning to form
Australian government unveils incentives for start-ups
The Australian government has introduced a range of measures to boost local innovation and entrepreneurship.
Nexus announces $450m final close on fourth India fund
Nexus Venture Partners has closed its latest fund, Nexus Ventures IV, at $450 million, bringing its total capital under management to over $1 billion.
CPPIB, Temasek join $7b pre-IPO round for China's PSBC
Canada Pension Plan Investment Board (CPPIB) and Temasek Holdings have participated in a RMB45.1 billion ($7.5 billion) pre-IPO funding round for The Postal Savings Bank of China (PSBC)
IFC commits $25m to SBCVC's fifth China fund
The International Financial Corporation (IFC), the private investment arm of the World Bank, plans to invest $25 million in the latest fund raised by SBCVC, previously known as SoftBank China Venture Capital.
Thai Union abandons acquisition of Lion Capital's Bumble Bee
Thai Union Frozen Products’ $1.5 billion acquisition of Bumble Bee Seafoods from Lion Capital has been abandoned after the US Department of Justice informed the companies that it was concerned the deal would harm competition.
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.