Industry
Strategic glad-handing
I recall conversations with a number of Asian GPs on how to invest in family-owned businesses that account for such large number of potential acquisition targets for private equity funds in the region. The formula seemed pretty straightforward. It begins...
India to launch $360m pharma fund
The Indian government is contemplating launching an INR20 billion ($367 million) venture capital fund to invest in research and development (R&D) in the pharmaceutical sector.
CapitaMalls Asia raises $1b for China Development Fund III
CapitaMalls Asia, the shopping malls arm of Temasek-owned CapitaLand, has announced the establishment of its China Development Fund III with a fund size of $1 billion. The vehicle, with a fund life of eight years, will invest in the development of shopping...
Anacacia Fund II reaches $75m first close
Australia’s Anacacia Capital has completed the first close of its Anacacia Fund II at $75 million within weeks of opening, raising 50% more than its original target. Superannuation funds, fund of funds and family offices from Australia and overseas are...
Australia's Hastings raises $626m for infrastructure fund
Hastings Funds Management announced that its Utilities Trust of Australia (UTA) has reached a first close on its infrastructure fund with commitments of A$610 million ($626 million). The amount is in line with expectations outlined in January 2012 and...
CHAMP Ventures closes seventh fund at $483m
Australian GP CHAMP Ventures has closed its latest fund at A$475 million ($483 million) despite a challenging fundraising environment. The vehicle, which launched in August 2010, was oversubscribed, having initially targeted A$450 million.
Herbert Smith, Freehills announce merger
International law firms Herbert Smith and Freehills have announced they will merge to become the largest fully integrated law firm in Asia Pacific.
Opportunities abound in aerospace and defense - study
Private equity investment opportunities abound in Asia Pacific’s aerospace and defense industries, according to analysis by research and consulting firm Frost & Sullivan.
AVCJ daily bulletin returns July 3
There will be no AVCJ bulletin on Monday July 2 due to a public holiday marking the establishment of Hong Kong Special Administrative Region.
VIDEO: Sterling Partners' Eric Becker
Some private equity firms in emerging Asian markets still shirk at being labeled specialist, arguing that a narrow focus risks missing out on a wealth of growth opportunities. The US, several decades down the line in terms of the private equity development...
Asian MNCs to accelerate overseas expansion - Towers Watson
Asian multinationals (MNCs) stand poised to accelerate their pace of global expansion through M&A activity in foreign countries, according to a new study.
Troutman Sanders opens Beijing office
Troutman Sanders has opened an office in Beijing, making it the law firm's third base in China since it entered the country in 1997. The office will led by Allen Shyu, formerly of Orrick.
China considers new rules for private funds
Chinese legislators are reviewing a draft amendment to the Securities Investment Funds Law that would impose new regulations on private equity vehicles. The changes are designed to restrict illegal fundraising and insider trading.
New Zealand's MOVAC closes third fund at $33m
New Zealand-based early-stage investor MOVAC has raised NZ$42 million ($33.2 million) for its third fund. It will invest sums of NZ$1-5 million in local companies with an established track record that require growth capital.
Sinopharm Capital to launch $157m RMB fund
Sinopharm Capital, a subsidiary of drug distributing conglomerate Sinopharm, has launched an RMB1 billion ($157 million) fund that will invest in different segments of the healthcare industry.
Indian deal values increase in first quarter - PwC
The value of private equity deals in India jumped 57% during the first three months of this year compared to the fourth quarter of 2011, according to a new report. The number of deals decreased 24% over the same period, however.
Indian microfinance: Back from the brink
The dust is finally starting to settle on the suicide scandals that rocked Indian microfinance in late 2010. Is the industry still an attractive proposition for private equity?
Before going direct, go local
The way in which global buyout firms have built up their local expertise in Asia in recent years so as to compete more effectively with smaller regional and single-country funds is a clear reminder of the value of having people on the ground. Although...
ASK Property closes $175m real estate fund
ASK Property Investment Advisors (ASKPIA), a subsidiary of financial services firm ASK Group, has announced a final close of its second real estate fund on INR10 billion ($175 million).
Coller Barometer: Asia Pacific PE growth trend to continue
Global investors will continue to up their exposure to Asia-Pacific private equity over the next three years, according to the latest edition of Coller Capital’s Global Private Equity Barometer.
KKR reaches halfway point on $6b Asia fund
KKR has reached the halfway point in fundraising for its second Asia fund, receiving more than $3 billion in commitments. According to a regulatory filing, third-party investors have pledged $2.76 billion to KKR Asian Fund II, with general partners putting...
Indonesia's Saratoga closes fund three at $600m
Saratoga Capital has closed its third fund at $600 million, according to sources familiar with the situation. It took the Indonesia-based firm about six months to close the new vehicle, which will make investments across Southeast Asia.
PE-backed M&A picks up in second quarter
Private equity-backed M&A in Asia Pacific recovered during the second quarter of 2012, as deal value increased 32.9% to $5 billion from last quarter. This comes after consecutive quarterly decline since the start of 2011.
Nomura appoints head of Asia investment banking
Nomura has promoted Mark Williams to head of investment banking for Asia ex-Japan, to replace Patrick Schmitz-Morkramer. The news follows other recent departures at senior management level in the Japanese investment firm.