Industry
Cornerstone investors: Public market props
Weak investor sentiment means that many Asian IPOs need cornerstone investors to cover part of the offering and provide momentum. Why are private equity firms getting in on the action?
Munich Private Equity Partners opens office in Shanghai
Munich Private Equity Partners (MPEP) has opened an office in Shanghai as it looks to increase investment allocations to Asian markets.
Pantheon closes sixth Asia fund at over $700m
Pantheon has secured more than $700 million for its sixth Asia-focused fund-of-funds, sources confirmed to AVCJ. The amount raised for Pantheon Asia Fund VI surpasses earlier speculations which put the amount at $500-600 million.
KKR-backed Seven West launches $450m share issue
KKR investee Seven West Media plans to raise approximately A$440 million ($450 million) through the sale of new shares in order to reduce debt levels. The Australian company, which owns the Seven free-to-air network, the country’s second-largest magazine...
VIDEO: Clifford Chance's Lee Taylor
Indonesia has aroused enormous interest among foreign investors but valuations remain an issue, according to Lee Taylor, a partner with Clifford Chance in Singapore. There have been huge dislocations between buyers and sellers generally since the global...
CDH Investments to raise $350m VC fund - report
CDH Investments is reportedly in the process of raising a new venture capital fund worth $300-350 million. The fundraising is expected to reach a final close by the end of this year.
Ontario Teachers to up India exposure, back Kedaara Capital
Ontario Teachers’ Pension Plan (OTPP) plans to increase its allocations to India and Latin America in order to diversify its emerging markets exposure, which is currently more weighted towards China. The pension plan’s first India commitment was to Kedaara...
India PE lawyer joins Dacheng Wong Alliance
India-qualified corporate lawyer Yang Yen Thaw has joined Dacheng Wong Alliance, the Singapore joint venture between China’s Dacheng and Singapore’s Wong Alliance.
PE financing to be targeted in Australia takeover law review
Private equity firms that launch takeover bids for companies without clear financing packages are likely to be targeted in the Australian Securities and Investments Commission’s (ASIC) review of takeover legislation.
Q2 analysis: Private equity goes public
Second-quarter analysis: Low public market valuations create investment opportunities; China fundraising slows; private equity firms perform cornerstone role in Asia IPOs.
J.P. Morgan's Australia natural resources head to join PE firm
The head of J.P. Morgan’s Australia natural resources and infrastructure division, Alan Young, is leaving to join private equity firm Prostar Capital, a start-up private equity firm. He will remain with the investment bank until the end of the year.
Bain & Co: Harnessing Southeast Asia's PE potential
Southeast Asia is ever more popular among PE investors. Identifying strong management teams, adding value and cultivating local networks are crucial to making deals work, according to Bain & Company’s Suvir Varma And Hugh MacArthur (pictured).
Bain raises $2.3 billion for second Asia fund
Bain Capital has completed fundraising for its second Asia fund at $2.3 billion, managing director Craig Boyce said at the AVCJ USA Forum in New York on Tuesday. He added that $300 million of the corpus was raised from Bain executives. The fund had a...
Loeb & Loeb expands Beijing office
Roger C. Peng has joined Loeb & Loeb’s as a partner in the firm's Beijing office. He joins from Paul Hastings, having previously worked for Hogan Hartson (now Hogan Lovells).
India's IvyCap Ventures in $19m first close for debut fund
Early-stage investor IvyCap Ventures has reached a first close of INR1.05 billion ($19 million) on its debut fund. The full target for IvyCap Ventures Trust Fund I is INR2 billion.
Quadria Capital to raise a $300m healthcare fund
Quadria Capital is in the process of raising a $300 million fund to tap India's expanding healthcare market. Religare Global Asset Management, a unit of Delhi-based financial services group Religare Enterprises, has become an anchor investor, committing...
IDFC-backed Green Infra seeks $200m in funding - report
Green Infra, the Indian clean energy producer backed by IDFC Private Equity, a wholly-owned unit of India's Infrastructure Development Finance Company, is reportedly seeking to raise $200 million in funding.
Temasek warns of volatility as annual profit declines
Temasek Holdings saw a marginal increase in the value of its portfolio to S$198 billion for the year ended March 2012, but net profit fell 16% to S$10.7 billion ($8.45 billion). The Singaporean sovereign wealth fund warned that the global economy remains...
China's New Pacific Consulting in merger with Parthenon
Shanghai-based private equity advisory firm New Pacific Consulting has merged with The Parthenon Group. The merger gives Parthenon, a provider of strategic and advisory services, a foothold in China to complement existing operations in Boston, San Francisco,...
Treedom launches Asia-focused forestry fund
Treedom Investments, a specialist investment advisor in the renewable resources sector, has launched the Asia Renewable Resources Fund (ARRF), which will focus on investments in forestry-related products.
IVCA expresses concern over proposed tax law changes
The Indian Private Equity and Venture Capital Association (IVCA) has expressed its concern that the draft guidelines on India’s proposed anti-avoidance legislation are too vague.
PE and FATCA: Complain but comply
Asian GPs have lagged behind other regional institutions in getting to grips with the Foreign Account Tax Compliance Act. The time has come to face the impact these rules could have on local firms
SEC registration: Are Asian GPs taking it seriously?
Three months after US regulators introduced new rules for reporting and registration of private investment advisers, PE firms are changing the way they do business – but much less so in Asia than in the US
Endowments: Still gold standard?
North American endowments took a beating during the financial crisis and the recovery process has been slow. But they retain the ability to uncover high-quality GPs, in the US and beyond