Industry
Biocon to list IVFA-backed India CRO unit
Indian biopharmaceutical firm Biocon has filed for an IPO for its research arm Syngene International, which is backed by India Value Fund Advisors (IVFA).
Korea's NPS ups alternatives exposure to 9.9%
The National Pension Service of Korea (NPS) increased its alternatives allocation from 9.4% to 9.9% over the course of 2014 as total assets grew by 10.3% to reach KRW470 trillion ($435 billion).
VIDEO: LEK Consulting's Ken Chen
Consumer and healthcare are increasingly prominent among the China deals that LEK Consulting is working on as the economy transitions from an investment-led to a consumer-led model, according to Ken Chen, a direct and partner with the firm
Australia's CHAMP PE hires ex-CVC executive
Australian GP CHAMP Private Equity has hired Graham Brooke, a former executive with CVC Capital Partners, as a managing director based in Sydney.
China's Cybernaut partners with Russian firm for $200m fund
China's Cybernaut Capital has agreed to form a $200 million venture fund, a start-up incubator and a robotics development center with Russia's government-backed Skolkovo Foundation.
Bamboo Finance reaches $31m first close on financial inclusion fund
Impact private equity investor Bamboo Finance has reached a $31 million first close on its second financial inclusion-focused fund with commitments from Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM.
TA adds director to Hong Kong office
Global private equity firm TA Associates has hired Daisy Cai, formerly an executive director at Goldman Sachs, as a director in its Hong Kong office.
Ironbridge-owned Eclipx gains on Australia debut after $195m IPO
Australian vehicle financing and management service Eclipx, which is owned by Ironbridge Capital Partners and GIC Private, saw its stock jump 21% on debut following a A$253 million ($153 million) IPO.
LPs remain loyal to Asia Alternatives
New York State Common Retirement Fund (NYSCRF) made its first direct China commitment in 2011, investing $100 million in Hony Capital’s fifth fund. Over the preceding years, the LP fashioned a more targeted Asia strategy, complementing its participation...
Leveraged finance: Coming to America?
It has become increasingly costly for private equity firms to access borrower-friendly US financing for leveraged buyouts in Asia. The US markets are fickle and volatile, but Asian banks are also stepping up
Two sides of a stock market boom
April is barely 20 days old and the capital generated through share placements and sell-downs by PE investors is already at its third-highest quarterly level in two years. That’s what happens when public markets go into overdrive.
Hony backs Hong Kong consortium bidding for TV channel
Chinese GP Hony Capital has joined a consortium led by David Chiu, chairman of Hong Kong-listed property developer Far East Consortium International, that is applying for a domestic free-to-air television license.
Everstone hires two new managing directors
India and Southeast Asia-focused Everstone Capital has appointed Roshini Bakshi and Rajev Shukla, formerly of Disney and Unilever, respectively, as managing directors on its operations team.
Lexington raises largest ever secondaries fund
Lexington Partners reached a final close on its eighth global secondaries fund at the hard cap of $10.1 billion. It is the largest dedicated secondaries vehicle ever raised.
I Squared closes debut global infra fund at $3b
I Squared Capital, a private equity firm set up by former Morgan Stanley managers, has closed its first global infrastructure fund at $3 billion.
Brandon raises $154m for Australia life sciences fund
Australian life sciences-focused VC firm Brandon Capital has reached a A$200 million ($154 million) final close on its latest vehicle - the Medical Research Commercialisation Fund 3 (MRCF 3).
India's IDFC targets $400m private equity fundraise
IDFC Alternatives is preparing to launch its latest private equity fund soon, which will have a target of $400 million.
Asian LPs back Israel-based Viola's $250m fund
At least six Asian investors are LPs in the latest fund being raised by Israel-based technology growth capital and buyout firm Viola Private Equity, which reached its targeted amount of $250 million.
Japan's Dentsu launches $42m corporate venture fund
Japanese advertising agency Dentsu has established a new corporate venture capital arm, Dentsu Ventures, and launched a new fund with a corpus of JPY5 billion ($42 million).
NEA closes giant $2.8b global VC fund
New Enterprise Associates (NEA) has reached a final close on its 15th global flagship fund at $2.8 billion, and raised an additional $350 for a new co-investment vehicle - NEA 15 Opportunity Fund.
China's Legend Holdings files for Hong Kong IPO
Legend Holdings, sponsor of China-focused GPs Hony Capital and Legend Capital, has filed for a Hong Kong IPO. The firm is reportedly seeking to raise as much as $3 billion.
India's Grofers raises $35m Series B from Tiger, Sequoia
India-based online grocery marketplace Grofers has raised a Series B round of funding worth $35 million from Tiger Global and Sequoia Capital.
Accel, Recruit Holdings back Australia's 99designs
Australia-founded online design marketplace 99designs has raised $10 million in a Series B round led by Recruit Strategic Partners, with existing investor Accel Partners also participating.
PE consortium closes in on Korea's Ticket Monster - report
A group of private equity investors including KKR is set to buy Korean e-commerce mobile app Ticket Monster from US-based Groupon in a deal that could value the company as highly as $800 million.