Industry
PCCW to invest $25m in Vision Knight Capital
PCCW, Hong Kong’s biggest telecommunications operator, said in a statement to the Hong Kong Stock Exchange that it may invest as much as $25 million in Vision Knight Capital, a private equity fund co-founded by David Wei, former CEO of Alibaba.com.
Blackstone offers Chinese version of website
Visitors to global buyout giant The Blackstone Group’s website will now be able to access content in Chinese, as well as in English and Japanese.
Tata Capital in talks with PFC to launch $1b PE fund
Tata Capital is reportedly in talks with India’s Power Finance Corporation (PFC) to launch a $1 billion private equity energy fund. The private equity player will own 49% of the joint venture, with the remainder held by PFC. Around $300 million is expected...
Shareholder revolt at Actis-backed Halonix - report
Shareholders at halogen bulb and lamp manufacturer Halonix have reportedly complained to India’s market regulators that the company has violated the country’s Foreign Exchange Management Act.
Armstrong announces first close of cleantech fund on $65m
Singapore-based clean energy investor Armstrong Asset Management has announced a first close on $65 million for its maiden fund, which will focus on clean energy projects across Southeast Asia.
Yimou Zhang sets up $315m personal film fund - report
Leading Chinese filmmaker Yimou Zhang has reportedly been raising a private equity fund with Kunhong Media, a private investment manager focusing on the entertainment industry, in the last six months. The target size of the fund is RMB2 billion ($315...
GLOBIS establishes Singapore subsidiary
GLOBIS, the Japanese venture capital firm, has established Globis Singapore, a subsidiary that will provide companies with management training and organizational development solutions.
China oil trader agrees to buy control of Warburg-sued Titan
China's Guangdong Zhenrong Energy, an oil and commodity trader partly owned by state-run Zhuhai Zhenrong Corp, has agreed to pay HK$175 million ($22.57 million) for a controlling stake in Hong Kong-listed Titan Petrochemicals, a debt-laden shipping and...
Capsquare eyes early-stage Indonesia
There's little doubt that Indonesia is the flavor of the month in private equity circles at present, but questions remain over deal access. Information on private companies is sparse, local relationships rule, entrepreneurs are wary of selling equity...
Philippines launches first infra fund
The decision to become the first-ever Philippines-dedicated infrastructure fund can’t have been easy one. As with any vehicle, a number of criteria needed to be in place to ensure the success of the Philippine Investment Alliance for Infrastructure...
China grants private equity an A-share investment platform
China’s securities regulator has loosened restrictions on participation in the Qualified Foreign Institutional Investor (QFII) program and opened the door to private equity firms. Do they want to go through it?
Asia’s first secondary real estate trading platform launches
Asia Pacific’s first trading platform for buyers and sellers of secondary interests in real estate funds was launched this week by Jones Lang LaSalle.
Offshore investors: Leap into the unknown
With commitments from domestic LPs easing off, Australian, Japanese and Korean GPs are looking to raise capital from overseas investors. They are entering new territory and some are better prepared than others
History lessons of PE in Asia
With 2012 marking the 25th anniversary of the AVCJ Hong Kong Forum – and, give or take a year, the Asian Venture Capital Journal itself – we have been taking a trip down memory lane for some special content to be released later in the year. This involves...
PE a key focus for institutions investing in Asia – survey
Institutions investing in Asia plan to make private equity and other alternative assets a key focus, according to a new survey.
Asia Alternatives raises $1.5b, closes third fund
Asia Alternatives has raised $1.5 billion to invest in private equity and venture capital across Asia. The corpus is divided between $908 million for its Asia Alternatives Capital Partners III vehicle and another $600 million in separate accounts. This...
Daewoo to set up $1b fund with US partner
South Korean brokerage Daewoo Securities’ Hong Kong unit has reportedly teamed up with a US-based private equity firm to set up a $1 billion fund to invest in social infrastructure projects.
Australian tech entrepreneurs to create VC fund
A group of Australian technology entrepreneurs have joined forces to create a new venture capital fund, Blackbird Ventures.
Motilal Oswal PE in $87m second close on new fund
Motilal Oswal Private Equity has reached a second close of INR4.86 billion ($87 million) on its India Business Excellence Fund II, with Squadron Capital reportedly among the investors. The fund is expected to achieve a final close by the end of the year.
Innovation Works raises $148m for fund II, yet to reach close
Innovation Works, the tech incubator started by Google’s former China head Kai-fu Lee, has so raised $148 million for its second fund. Lee confirmed to Sina that fundraising efforts began in April, but didn’t disclose the target size or details of...
Indonesia’s Capsquare achieves first close on debut fund
Indonesian GP Capsquare Asia Partners has reached a first close on its debut fund, having raised three-quarters of the capital required to meet its $75 million full target. A final close is expected in the fourth quarter of 2012, perhaps as soon as late...
Colonial First State buys TDF’s broadcasting assets in Finland
Colonial First State, an Australian wealth manager owned by Commonwealth Bank of Australia, has agreed to buy French broadcasting group TDF’s Finland business. The company, known as Digita, owns Finland’s largest broadcast tower network as well as...
China arbitrator dispute leaves foreign investors uneasy
The China International Economic and Trade Arbitration Commission (CIETAC), the national body responsible for resolving commercial disputes, has suspended its Shanghai and Shenzhen branches. The move has provoked concerns among foreign investors over...
Australia’s QIC to use Burgiss Group PE software platform
QIC, one of the largest institutional investors in Australia, has deployed a private equity software platform designed by The Burgiss Group, a New Jersey-based software solutions provider.