Industry
Reliance PE becomes Fairwinds, targets $300m fund
Reliance Equity Advisors, which spun out from its parent Reliance ADAG in July, has re-branded as Fairwinds Private Equity and launched a new $300 million fund.
Neuberger Berman Japan, Korea PE commitments top $1b
Japanese and South Korean investors now account for more than $1 billion of the committed capital managed by Neuberger Berman’s private equity division.
Ex-Avenue, CLSA executives seek $200m for Asia healthcare fund
Three executives from Avenue Capital, CLSA Capital Partners and VC firm Dinova Capital have teamed up to launch a $200 million mid-cap fund that will make healthcare investments in Asia.
3Q analysis: The IPO genie
Real and paper windfall for PE investors in Alibaba spurs exit environment; the latest round of fundraising for pan-regional mega vehicles draws to a close; growth capital dominates the investment numbers
China online finance: Money to the masses
The rise of peer-to-peer lending businesses in China is good for small companies that can't get bank financing and VC firms looking to ride the next wave. But concerns remain over regulation and reliability
India's Lightbox reaches $100m close on Fund II
Indian venture capital firm Lightbox Management has reached a INR6.1 billion ($100 million) close on its second fund.
Former Carlyle, TPG executives plan $500m India fund
Rajeev Gupta, formerly of The Carlyle Group, and Amol Jain, previously of TPG Capital, are launching a new PE fund that will focus on mid-market buyout opportunities in India.
DCM raises $170m China top-up fund, wins SFERS backing
The San Francisco Employees' Retirement System (SFERS) has committed $25 million to a China-focused venture capital fund being raised by DCM that will make follow-on investments in later-stage portfolio companies.
Baring Asia reaches $3.2b first close on Fund VI
Baring Private Equity Asia has reached a $3.2 billion first close on its sixth pan-regional fund, exceeding its original target of $3 billion for the entire vehicle.
Hahn & Co in $900m first close on second Korea fund
South Korean GP Hahn & Co – which was founded by Scott Hahn, formerly CIO of Morgan Stanley Private Equity Asia (MSPEA) – has reached a first close of approximately $900 million on its second fund.
Voting for the 2014 AVCJ Awards has now closed
Voting for the 2013 AVCJ Private Equity & Venture Capital Awards has now closed. Thank you for taking the opportunity to pay tribute to the leading fundraises, investments, exits, individuals and firms of the past 12 months.
Gaja reaches $130m first close on second India fund
Indian mid-market GP Gaja Capital has reached a $130 million first close on its second fund - Gaja Capital Fund II.
Bertelsmann Asia launches angel fund in China
Bertelsmann Asia Investments (BAI), the Beijing-based investment arm of German media giant Bertelsmann, has launched a new angel fund to focus on seed-stage investments in China.
IDFC closes second India infrastructure fund at $900m
IDFC Alternatives has reached a final close on its second Indian core infrastructure fund of $900 million. LPs have also pledged significant additional capital for co-investment opportunities.
MSPEA-backed Tianhe drops on resumption of trading
Morgan Stanley Private Equity Asia (MSPEA) portfolio company Tianhe Chemicals saw its stock drop 43% on resumption of trading in Hong Kong following allegations of fraud. Tianhe issued a lengthy rebuttal of the allegations, while simultaneously announcing...
Avenue Capital bolsters Asia team ahead of planned fundraise
Avenue Capital Group has hired two executives from PAG – Anil Gorthy and Dan Galanter – to lead its Asia business, with a new regional fund planned for the coming year.
Family ties: Asian family offices as LPs
As wealth in Asia has grown, so has the number of family offices. As these investors become more institutionalized, what can they do for private equity and what can private equity do for them?
NZ regulator targets Archer consortium over aborted Abano deal
A consortium of investors including Archer Capital is subject to a civil action launched by New Zealand’s Financial Markets Authority (FMA) over an unsuccessful bid for Abano Healthcare Group.
IFC set to invest as Everstone targets $650m for Fund III
The International Finance Corporation (IFC) has proposed investing up to $50 million in India-focused GP Everstone Capital’s third fund, which has a target size of $650 million.
LP interview: Malaysia's KWAP
Malaysian pension fund KWAP is adding North America and European exposure to its Asia-heavy private equity portfolio. It is ramping up commitments from a relatively low base
China QFLP funds: Back from the brink?
Moves by Japan’s Nomura Asset Management and Singaporean lender OCBC to enter Chinese private equity through the Qualified Foreign Limited Partnership program are unlikely to spark a broader revival
China downside protection: Parachute play
All PE investors want downside protection in China, but they prefer to use it as leverage in amicable negotiations rather than pursue full enforcement. Knowing the entrepreneur and the business is crucial
Top-up time: VC opportunity funds
Northern Light Venture Capital would like to have participated in the recent $50 million Series D round of funding for Daojia, but it could not. The Series C round last September wasn’t possible either. As it stands, the VC firm has recorded a handsome...
JD Capital reaches $200m final close on second US dollar fund
Chinese GP JD Capital, formerly known as Jiuding Capital, has achieved its target of a $200 million final close on its second US dollar-denominated fund.