Industry
CITIC Capital appoints healthcare specialist
CITIC Capital Partners has appointed Haipeng Zhang as a senior managing director, with the intent of focusing on healthcare investments.
Korea middle market: Behind the curtain
Korea’s middle market continues to blossom thanks to succession issues, restructuring and ambitions to expand overseas. But deals are struck in strict confidence – and GPs say that is how it should remain
Fundraising: Cracking the Korean LP
Korea’s LP community has been compared to an iceberg: the tip is very visible but getting to the lump of uncommitted capital that lurks beneath surface can be far more difficult. GPs on the fundraising trail must ask themselves whether it is worth the...
Korea buyouts: Who's selling?
Thanks to a steady stream of large cap deals, Korea accounts for a growing share of Asia buyout activity. But can this trend be sustained?
Korean conglomerates: Governance gridlock
The shareholder spat between Samsung and Elliott Management put Korea’s corporate governance shortfalls under the spotlight, but industry participants don’t expect to see the chaebol brought into line
Tsinghua Holdings, Shengjing launch overseas VC fund-of-funds
Shengjing Group, a Chinese investment advisor, has partnered with Tsinghua Holdings to launch a $300 million fund-of-funds to invest in venture capital overseas.
Shanghai Pharma establishes $469m healthcare fund
Chinese drug maker Shanghai Pharmaceuticals Group has partnered with Shanghai Real Power Capital to launch a healthcare-focused fund with a target of RMB3 billion ($469 million).
India's StartupXSeed launches $4.5m venture fund
Indian seed-stage venture investment firm StartupXSeed has launched a VC fund, with an initial corpus of INR300 million ($4.5 million), to invest in Indian technology start-ups.
OCBC closes debut SME-focused PE fund at $392m
Singapore's OCBC Bank has closed its debut small and medium-sized enterprise-focused fund at S$550 million ($392 million).
JD Capital plans reverse merger with Shanghai-listed firm
China’s JD Capital, formerly Jiuding Capital, is seeking to list on Shanghai’s main board through a reverse merger with publicly-traded property developer Jiangxi Zhong Jiang Real Estate.
Denham, Nexif form SE Asia power investment platform
Denham Capital has partnered with Singapore-based power management company Nexif to form an investment platform that will commit more than $200 million to energy projects in Southeast Asia.
Nominations open for the 15th AVCJ Awards
Following a significant change in format last year, the 2015 - and 15th - AVCJ Private Equity & Venture Capital Awards features just one new prize. The venture capital deal of the year category has been split in two: early stage technology and late stage...
CGN PE, Morrison & Co in first close on China renewables fund
JIDA Capital Partners, an investment arm of New Zealand’s HRL Morrison & Co, and Shenzhen-based CGN Private Equity have reached a first close of RMB1.87 billion ($292 million) on their China-focused renewable energy fund.
India's One97 to split e-commerce, payments businesses - report
Indian mobile services One97 Communications will spin off its electronic payment service Paytm into a separate entity under One97's co-founder Shekhar Sharma.
Taiwan plans $609m M&A fund
Taiwan's National Development Council (NDC) will launch a NT$20 billion ($609 million) fund to assist domestic companies with mergers and acquisitions.
IFC to back Jungle Venture's second fund
International Finance Corporation (IFC) will invest up to $10 million in Singapore-based Jungle Ventures' second venture capital fund.
Softbank's Nikesh Arora commits $482 million to the firm
Softbank President and COO Nikesh Arora has invested JPY60 billion ($482 million) in the firm in a personal stock market transaction.
Fund focus: Lightspeed gets traction in India
In 2010, Lightspeed Venture Partners concluded that it could more effectively tap China’s burgeoning technology space with a dedicated country fund. A China vehicle was duly launched and reached a final close in 2013 at $168 million.
India's IIFL to raise $153 million VC fund
IIFL Wealth Management, the Indian financial services firm backed by Fairfax Holdings and the Carlyle Group, will raise a seed venture fund of up to INR10 billion ($153 million).
PE-backed La Chapelle, Legend Capital launch PE fund
Hong Kong-listed Shanghai La Chapelle Fashion, a ladies' apparel maker backed by a string of PE investors, has partnered with Legend Capital to set up a PE fund worth RMB153 million ($24 million).
China distress: After the boom
China’s slowing growth has created a wave of corporate defaults, and these bad debts should be put up for sale. Not all foreign investors are ready to jump in, though, conscious of the difficulties in extracting value
The race to stay relevant
The last couple of weeks have been relatively slow as the industry shakes off the summer doldrums. We are now beginning to see more activity on the deal-making front, as well as a few interesting fund launches such as Chang Sun’s new China agribusiness...
Goldman Sachs invests $150m in India's Piramal Realty
Goldman Sachs has invested $150 million in the Piramal Group's real estate development arm, Piramal Realty, less than a month after Warburg Pincus committed INR18 billion ($284 million) to the company.
Religare reaches final close of $78m on first debt fund
Religare Credit Advisors has announced a final close of the domestic vehicle of its first debt fund, Religare Credit Opportunities Fund, at INR5.1 billion ($78 million).