Industry
China's Tiantu in $63m first close on debut US dollar fund
Chinese GP Tiantu Capital has reached a first close of $63 million on its debut US dollar-denominated fund. A final close of $100 million is targeted for before the end of the year.
Korea's KIC more than doubles PE exposure in 2013
Korea Investment Corporation’s (KIC) private equity investments more than doubled in size to $2.6 billion over the course of 2013 as total assets increased 27% year-on-year to reach $72 billion.
Kirkland & Ellis boosts Asia private funds practice
Kirkland & Ellis has added two partners to its Asia private funds practice, with the promotions of Damian Jacobs and Jonathan Tadd. The firm now has four partners working on fund formation in the region.
Canaan's Khanna to launch India venture debt fund
Canaan Partners Managing Director Rahul Khanna is to launch a INR3 billion ($49 million) debt fund aimed at supporting early-stage and established technology ventures in India.
Profile: Advantage Partners' Richard Folsom
For the past 30 years Advantage Partners co-founder Richard Folsom has enjoyed a front-row seat on the inner workings Japan's corporate world - here he shares his insights.
Sinarmas supports Ardent Capital's Southeast Asia expansion
Southeast Asia-focused e-commerce investor Ardent Capital has received $12.5 million in funding led by Indonesian conglomerate Sinarmas. Existing backers also participated.
Altos Ventures reaches $60m close on South Korea fund
Silicon Valley-based venture capital firm Altos Ventures has reached a final close on its debut South Korea-focused fund at a hard cap of $60 million after eight months in the market.
China's JD Capital offers student credit loans
China JD Capital, also known as Jiuding Capital, has set up a new fund to provide individual loans for Chinese university students.
China Haier VC, SAIF launch smart home industry fund
Qingdao Haier Venture Capital (Haier VC), a corporate VC arm of Chinese white goods maker Qingdao Haier, has teamed up with SAIF Partners to form a RMB320 million ($32 million) smart home-focused VC fund.
Korea's SMBA to form VC fund with DFJ, Walden
Draper Fisher Jurvetson (DFJ) and Walden International have agreed to set up a $150 million venture capital fund with South Korea’s Small and Medium Business Administration (SMBA).
CalPERS names new CIO
California Public Employees' Retirement System (CalPERS) has announced Ted Eliopoulos as its new chief investment officer. He currently occupies the role in an interim capacity, having previously served as senior investment officer for real assets.
KKR agrees $164.2m financing package for India's GMR Infra
KKR has agreed to invest INR10 billion ($164 million) in ailing Indian infrastructure conglomerate GMR Holdings (GMR), the parent of GMR Infrastructure (GIL), via a structured credit facility.
Hong Kong Jockey Club boosts alternatives investments
The Hong Kong Jockey Club has substantially increased its investments in alternative assets as part of efforts to diversify its holdings and achieve stronger returns.
Q&A: United Overseas Bank's Wee Yap Yeo
United Overseas Bank (UOB) has teamed up with Orix Corp. to launch a $200 million Southeast Asia mezzanine fund. Wee Yap Yeo, head of mezzanine capital at UOB, explains the strategy
LeapFrog jumps to $400m fundraise
“Emerging consumers across Africa and Asia are working to achieve prosperity and security for their families and businesses, but most have yet to reach the middle class. There is an immense demand for transformative financial tools,” says Andrew Kuper,...
Crowdfunding: Herd dynamics
More start-ups are tapping crowdfunding platforms for capital. How well prepared are Asian markets to accommodate the phenomenon and what does its emergence mean for venture capital investors?
China short-selling: Short shrift?
“The chairman just threatened to have me killed.” Delivered in a panicked voice, the statement brought proceedings to a standstill. As it happened, the meeting had been convened to share the news of my imminent departure with staff. But my bombshell merely...
Tianhe denies fraud allegations, MSPEA offers full support
Tianhe Chemicals has issued a point-by-point rebuttal of allegations that it made false statements in its IPO prospectus, with second-largest investor Morgan Stanley Private Equity Asia (MSPEA) declaring its full support.
Q&A: Employee Provident Fund's Datuk Shahril Ridza Ridzuan
Malaysia's Employees Provident Fund (EPF) is a relatively new but increasingly significant part of the global PE landscape. Datuk Shahril Ridza Ridzuan, the fund's CEO, outlines the strategy
Q&A: Ekuinas' Dato' Abdul Rahman Ahmad
Part of Ekuinas' mandate is to foster the development of a domestic private equity industry in Malaysia. Dato' Abdul Rahman Ahmad, CEO of the government-supported fund, explains its approach
LPs suffer by chasing growth – AVCJ Forum
Investors in private equity funds are often preoccupied by analysis of potential growth trends and neglect close due diligence of a GP’s ability to generate value over a sustained period of time, industry participants told the AVCJ Korea Forum.
Nomura forms PE joint venture in Shenzhen
Japan’s Nomura Asset Management has set up a joint venture with Shenzhen Hua Xia Ren He Capital Management to conduct private equity fund business in China.
Secondaries: Deal flow spike
Secondary deal flow has reached record breaking levels in 2014. Regulatory reform and economic recovery have helped, but that is not the whole story - the maturing market is arguably more important
Asia fundraising: Big beasts
And just like that, it was done. This week The Carlyle Group closed its fourth Asian fund, drawing a line under a three-year process that has seen nearly all of the largest global and Asia-based private equity firms raise their first regional vehicles...