Industry
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.
CITIC Securities launches buyout fund
China's CITIC Securities has received regulatory approval to establish its first buyout fund, which will be managed by Goldstone Investment, the brokerage’s direct investment arm.
Partners Group exceeds $800m with real estate fund
Partners Group has closed its Global Real Estate 2011 program at more than $800 million.
Illiquidity putting Japan pension plans off PE
The liquidity constraints of negative cash flows are making private equity less attractive for Japanese defined benefit pension plans, according to a new survey.
RRJ Capital targeting $5b Asia fund – report
RRJ Capital, the private equity firm set up by former Hopu Investment Management executive Richard Ong, is looking to raise at least $5 billion for its second pan-Asian fund. The vehicle will follow its predecessor in focusing on China- and Southeast...
O'Melveny to open office in South Korea
O'Melveny & Myers is going to open an office in Seoul, South Korea, in a move to deepen their services for Korea-based clients. It will be the seventh Asia office of the legal firm, alongside locations in Shanghai, Hong Kong, Beijing, Singapore, Tokyo,...
Deloitte expands SE Asia debt advisory, restructuring practice
Deloitte has hired three executives from Rothschild for its Southeast Asia debt advisory and restructuring practice. Robert Schmitz, Richmond Ang and NK Naginlal Modi all performed similar functions at Rothschild.
Australian businesses don’t trust PE – PwC survey
Only 5% of small- to medium-sized enterprises (SMEs) in Australia that are currently seeking funding would consider private equity as a source of capital, according to a survey published by PricewaterhouseCoopers (PwC).
PennSERS commits $50m to Asia Alternatives’ third fund
The Pennsylvania State Employees’ Retirement System (PennSERS) has committed $50 million to Asia Alternatives' third fund-of-funds, which was launched early last year with a target of $1 billion. As of September 2011, it had attracted $375 million,...
AVCJ China Awards: VC Professional of the Year – Bo Feng
Bo Feng, founding partner of Ceyuan Ventures, on the treats and trials of VC investing in China