Industry
Co-investment: Toe in the water
Is co-investment worth it? Absolutely, provided the LP in question has sufficient willingness, experience and resources to conduct due diligence on a deal before the window of opportunity closes.
Japan regulation: Taxing tactics
Investors are concerned about the potential repercussions for the economy – and their portfolio companies – of Japan’s staged consumer tax hike. Could it really derail the country’s fragile recovery?
Siguler Guff closes third BRIC fund
Siguler Guff faced two particular challenges when raising its third BRIC opportunities fund: one foreseen and well prepared for; the other more out of leftfield.
Cathay forges Sino-French ties
It is 50 years since France became one of the first European countries to officially recognize the People’s Republic of China. The anniversary of that event was marked in Paris last month by Chinese President Xi Jinping and his French counterpart Francois...
OTPP private capital unit delivers 27% return for 2013
Teachers’ Private Capital (TPC), the PE and direct investment arm of Ontario Teachers’ Pension Plan (OTPP), earned a record C$3.1 billion ($2.8 billion) in 2013, delivering a one-year return of 26.9%, although both measures fell short of their benchmark...
India's Avendus, Zodius launch $500m tech fund
Indian financial services company Avendus Capital has partnered with PE firm Zodius Capital to launch a $500 million fund targeting technology companies.
BlackRock names new Asia head
BlackRock has appointed Ryan Stork as head of Asia Pacific operations, replacing Mark McCombe who will relocate to the US to become the company’s global head of institutional client business and chairman of the alternative investment division.
India Infoline buys majority stake in PE firm India Alternatives
IIFL Wealth Management, a listed unit of India Infoline (IIFL) Group which is in turn backed by The Carlyle Group, has acquired a majority stake in PE firm India Alternatives Investment Advisors.
BVCF raises $200m for third China life sciences fund
BVCF, a China life sciences-focused PE firm, has reached a final close of $200 million on its third fund.
Standard Chartered backs Australia-listed manganese miner
Standard Chartered Principal Finance has provided a $50 million debt financing package for OM Holdings (OMH), an Australian Securities Exchange-listed mining company, and several of its affiliates.
Baring Asia targets $3b for Fund VI
Baring Private Equity Asia will seek to raise around $3 billion for its sixth pan-regional fund, its largest vehicle to date.
Intel Capital plans $100m China smart device fund
Intel Capital, the venture capital unit of chipmaker Intel, has launched a $100 million China fund to help accelerate the growth of smart devices.
Templeton to raise $100m India PE fund
Franklin Templeton is looking to raise up to INR6 billion ($100 million) for its second India-focused private equity fund.
Siguler Guff closes BRIC fund at $650m
Siguler Guff has raised around $650 million for its third BRIC opportunities fund. The total includes three separate accounts for large institutions.
Hopu supports $1.5b Noble Agri deal, reaches first close on Fund II
A consortium led by Hopu Investments will take a minority position in an agribusiness joint venture being set up by Chinese agricultural conglomerate COFCO Corporation and Noble Group, an agriculture and energy supply chain manager.
IFC to support Brummer's second Bangladesh fund
International Finance Corporation (IFC) plans to invest up to $20 million in Frontier Bangladesh II, a $100 million fund being raised by Swedish alternative asset manager Brummer & Partners.
LP interview: Oregon State Treasury
Andy Hayes, PE investment officer at the Oregon State Treasury (OST), has been managing his fund’s Asian investments for nearly six years. The role is as much about networks as it is know-how
A Capital targets $1.38b for Sino-European tech fund
Sino-European PE firm A Capital has launched a EUR1 billion ($1.38 billion) technology fund to invest in European innovative firms. It will help them expand into emerging markets, in particular China.
China gaming firm Ourpalm commits $16m to Huatai M&A fund
Ourpalm, a Shenzhen-listed mobile games developer, has committed RMB100 million ($16 million) to Beijing Huatia Ruilian M&A Fund, a new investment vehicle managed by Huatai United Securities, an investment banking arm of Huatai Securities.
PE-backed Tongyang Life bids for LIG Insurance
Tongyang Life Insurance, a South Korean insurer majority-owned by Vogo Investment, is among the preliminary bidders for a controlling stake in LIG Insurance.
Cathay Capital launches $687m Sino-French Fund
Cathay Capital, a Sino-French private equity firm, has launched a EUR500 million ($687 million) fund to promote the international expansion of French and Chinese companies in the mid-cap segment.
China's premier advocates PE-friendly policies
Chinese Premier Li Keqiang said pledged government support to develop private equity as a means of promoting healthier capital markets.
China regulation: Big before their time
Domestic Chinese private equity managers are now officially permitted to pursue multiple strategies. But is the industry ready for the ‘mega asset management' model the regulator envisages?
PE and elections: A vote of confidence?
Investors often cite elections as impediments to deal flow, as applications are delayed or applications held over until votes are counted. With Indonesia and India preparing for elections, what does it mean for PE?