Industry
India's Orios Venture raises $50m
Orios Venture Partners - a VC firm set up by Indian angel investor Rehan Yar Khan - has raised INR3 billion ($50 million) for its first fund.
Ex-Groupon HK CEO launches $10m seed fund
Former Groupon CEO for Hong Kong and Taiwan Danny Yeung raised a $10 million seed-stage investment fund following the launch of his new venture capital firm SXE Ventures.
Orchid hits $920m hard cap on sixth China fund
Orchid Asia has closed its sixth China growth capital fund, hitting the hard cap of $920 million after receiving more than $1.3 billion of interest from prospective LPs.
Australia infrastructure: Ideal owners
Australian pension funds are keen to invest in a raft of infrastructure privatizations, with some of the proceeds earmarked for new projects. But more can be done to get long-term capital into greenfield infrastructure
Warburg Pincus, Baosteel in $488m industrial gases deal
Warburg Pincus and a subsidiary of Chinese steel producer Shanghai Baosteel Group have agreed to buy industrial gas assets from Henan Jinkai Chemical Investment Holding for RMB3 billion ($488 million).
India infrastructure: Building confidence
Private equity is expected to play a significant role in India's infrastructure development, but regulatory constraints and disappointing returns are a turn-off for investors. Reform is required
China infrastructure: Fringe benefits
Plans to open up Chinese infrastructure projects to the private participation are encouraging but not life-changing for PE investors who are already accustomed to operating in and around the state apparatus
Q&A: Blackstone's Angelo Acconcia
The Blackstone Group has entered Southeast Asia's oil and gas space with an $800 million commitment to Tamarind Energy. Angelo Acconcia, managing director at Blackstone Energy Partners, explains the rationale
MVision CEO to move from London to Hong Kong
Mounir Guen, founder and CEO of placement agent MVision is relocating from London to Hong Kong in order to lead the firm’s expansion in Asia.
India economics: The Modi effect
The election of Narendra Modi has breathed new hope into India’s beleaguered economy, with private equity investors anticipating much-needed reforms. But the road to recovery is long and likely uneven
Evolution of the spin-out
Traditionally, private equity spin-outs have fallen somewhere along a scale that features autonomy at one end and greed (or, more kindly, a desire for talents to be appropriately rewarded) at the other, with innate entrepreneurism occupying the middle....
Asia trails the West on operational value-add - survey
Asian private equity firms lag behind their Western counterparts on operational value add, according to a new survey.
CBRE GMM reaches final close on Asia real estate fund
The investment arm of global real estate advisor CBRE has announced a final close on the Asia Alpha Plus III (AAP III) Fund of $236 million.
OMM's Collins joins Dechert, eyes new phase in Asia spin-outs
Dean Collins, formerly partner and head of the Asia fund formation practice at O’Melveny & Myers (OMM), has joined Dechert as managing partner of the firm’s newly-opened Singapore office.
China's CIC sees 9.3% gain on overseas investments in 2013
China Investment Corporation (CIC) saw a 9.3% return on its international portfolio in 2013 as strong stock market performance saw the sovereign fund’s exposure to public equities rise at the expense of other assets classes, including long-term investments...
India VC Reservoir reaches final close on maiden fund
Indian early-stage investor Reservoir Investment Managers has reached a final close on its maiden fund, Exfinity Technology Fund - Series I (ETF-I) at INR1.25 billion ($20 million).
Line backs Japan's Gumi, launches $100m developer fund
Messaging app start-up Line Corp. has agreed to acquire a less than 10% stake in Gumi, a VC-backed Japanese game developer. The exact size and value of the deal is still under negotiation.
South Korea's NPS commits $375m to Hamilton Lane co-invest fund
South Korea's National Pension Service (NPS) is committing KRW400 billion ($375 million) to Hamilton Lane's latest co-investment fund - Hamilton Lane Co-Investment Fund III.
China Life to buy $250m TPG stake - report
China Life - the world's third largest insurer - is to acquire a stake in TPG Capital for $250 million.
Northgate's Koh joins Singapore university endowment
Lye Thiam Koh has departed fund-of-funds Northgate Capital and taken up a new role as portfolio manager with the National University of Singapore’s (NUS) investment office.
Natixis Global forms private equity division
Natixis Global Asset Management (NGAM) - a unit of the French investment bank Natixis - has established a private equity division to offer its investors a single point of access to six of its affiliate GPs.
DRC Capital launches Fund III, holds $25m first close
Japanese mid-market buyout shop DRC Capital has launched its third buyout fund - Japanese Limited Partnership DRC III - quickly followed by an initial close of JPY2.5 billion ($25 million).
Cooley adds fund formation lawyer to Shanghai office
Pang Lee has joined law firm Cooley as a partner in its Shanghai office. He previously was counsel in the asset management group of Shearman & Sterling's Hong Kong office.
ADB, Orix, Robeco form $400m Asia climate-change fund
The Asian Development Bank (ADB), Japan's ORIX Corp. and Netherland-based Robeco Institutional Asset Management have together formed a private equity fund that will focus on investments in climate-friendly industries such as cleantech and renewable energy....