Industry
China launches $4.8b Silk Road ecology fund
China has launched its first private equity fund that aims to improve the ecological environment in neighboring countries and regions.
VIDEO: Shearman & Sterling's Lorna Chen
Chinese GPs that made their names with renminbi-denominated funds and then sought to launch US dollar vehicles are finding it harder than they expected to win over international LPs, according to Lorna Chen, a partner with law firm Shearman & Sterling...
Mainland Chinese investors barred from owning Taiwan start-ups
Chinese groups are free to make venture capital investments in Taiwan but they will not be able to gain control over local start-ups, according to Taiwan’s Ministry of Economic Affairs (MOEA).
Taiwan's Bureau of Labor Funds issues real estate, infrastructure mandates
The Bureau of Labor Funds (BLF), Taiwan’s largest pension fund system, will allocate a total of $2.4 billion to 12 global alternatives managers - four in real estate and eight in infrastructure.
Australian LPs sacrificing higher returns due to fee concerns - AVCJ Forum
Australians are missing out on higher returns on their retirement savings as a result of superannuation funds’ preoccupation with the fees charged by private equity managers and their reluctance to participate in the asset class, industry participants...
Singapore's GIC boosts stake in Merlin Entertainments
GIC Private has nearly doubled its stake in London-based Merlin Entertainments, operator of Madame Tussaud’s and Legoland, to 5.2%.
JD, Beijing Water to launch $320m environment fund
China-focused private equity firm JD Capital has partnered with Beijing Water Business Doctor to launch a RMB2 billion ($320 million) environment fund.
PE-owned AWAS to sell aircraft to Macquarie
AWAS Aviation Capital, which is owned by Terra Firma Capital Partners and Canada Pension Plan Investment Board (CPPIB), will sell an operating lease portfolio of 90 aircraft to Australia's Macquarie Group.
KIC, Kingdom Holdings to partner on PE investments
Korea Investment Corporation (KIC) and Kingdom Holding Company (KHC), an investment company controlled by Saudi billionaire Prince Alwaleed bin Talal, have agreed to collaborate on private equity investment opportunities.
IMJ's Koichi Saito launches new VC fund
Koichi Saito, a former partner at Japanese venture capital firm IMJ Investment Partners, has launched his own VC outfit - KK Fund.
TPG reaches $6.5b first close on latest global fund
TPG Capital has reached a first close of $6.5 billion on its latest global fund. The vehicle, which was formally launched last October, has a target of $8 billion and a hard cap of $10 billion.
Taiwan's MediaTek launches $300m corporate VC fund
MediaTek, a leading Taiwanese fabless chipmaker, has launched a $300 million venture fund that will invest in global start-ups.
LP interview: Arizona PSPRS
Over five years spent investing in Asian private equity, Arizona Public Safety Personnel Retirement System (Arizona PSPRS) has gradually moved from a pan-regional to a country-focused approach.
Baring scales up for Fund VI
By the time Baring Private Equity Asia reached a first close on its sixth pan-regional fund it was clear that LP demand would not easily be met. Only four months earlier the fund was launched with a $3 billion target, but by October logged commitments...
CIMB, Mitsubishi in $130m first close on SE Asia-focused fund
Malaysian financial services provider CIMB Group and Japan's Mitsubishi Corporation have announced a first close of $130 million on their ASEAN Industrial Growth Fund (AIGF).
Shunwei goes local with RMB fund
It is a classic China dilemma: over the past three years, Shunwei Capital Partners has been forced to pass up on a string of a good deals because the companies wanted renminbi-denominated funding and the venture capital firm only had US dollar funds....
Hong Kong's Future Fund advised to target alternatives
Hong Kong’s Future Fund, a vehicle intended invest budget surpluses to cover future liabilities arising from an ageing population and slower economic growth, has been advised to target long-term, less liquid assets such as private equity.
Alibaba to launch $316m non-profit fund for Taiwan start-ups
Chinese e-commerce giant Alibaba Group has earmarked NT$100 billion ($316 million) for a not-for-profit fund that will be used to boost entrepreneurship among young people in Taiwan.
OTPP commits funding to Singapore mobile platform Garena
Ontario Teachers’ Pension Plan (OTPP) has led a new round of funding for Singapore-headquartered mobile internet and gaming platform Garena. Existing shareholders also participated.
India budget gives PE funds tax pass-through status
Private equity funds are to be given tax pass-through status as part of reforms outlined in India's first full budget since Prime Minister Narendra Modi swept to power in May last year.
China's N5 Capital launches $200m debut VC fund
N5 Capital, a Beijing-based venture capital firm, has launched its debut US dollar-denominated fund.
LACERA invests $75m in GGV's top-up fund
Los Angeles County Employees Retirement Association (LACERA) has committed up to $75 million to a new fund launched by Sino-US venture capital firm GGV Capital.
US-based 500 Startups unveils $15m South Korea fund
US-based accelerator 500 Startups has launched another $15 million Asian satellite fund in Korea - called 500 Kimchi - a little over a week after it announced a similar vehicle in Thailand.
Japan's Nippon Venture, ATR set up $42m specialist tech fund
Nippon Venture Capital (NVC) and the Advanced Telecommunications Research Institute International in Kyoto have set-up a JPY5 billion ($42 million) fund for niche technology investments.