Industry
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, according...
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
AVCJ China Awards: RMB Fundraising of the Year – Cowin Capital
After barely three months in the market, Shenzhen-based Cowin Capital successfully closed its Nanhai Growth Fund V in June 2011 at a total of RMB2.5 billion ($393 million). The vehicle took the VC firm’s total assets under management past RMB7.5 billion....
AVCJ China Awards: VC Deal of the Year – Dianping.com
As China’s leading restaurant reviews website, Dianping.com has developed a business model that is difficult for others to replicate. VC backers TrustBridge, Lightspeed, Sequoia and Qiming don’t expect this to change
AVCJ China Awards: PE Deal of the Year – Alibaba Group
Silver Lake started building relations with Alibaba Group almost as soon as it launched its Asia operations in 2008. It was the logical thing to do: the private equity firm assiduously builds relationships with senior management at most of the world’s...
Australia's old media: Where did it all go wrong?
Traditional media in Australia has been colonized by buyout houses since 2006, but a number of these assets are now in distress. Can private equity use this situation to its advantage?
AVCJ China Awards: PE Exit of the Year – Beijing Leader & Harvest
Much is made of the commercial implications of China’s clean energy drive. The government has pledged to reduce carbon dioxide emissions and energy intensity, promote industrial efficiency and minimize industrial pollution, protect forests, curb motor...
AVCJ China Awards: PE Professional of the Year – David Liu
David Liu, KKR member and head of the firm’s China operations, explains how the drop in public market valuations has created a swath of deal-making opportunities
AVCJ China Awards: Firm of the Year – Hony Capital
Hony Capital further endorsed its claim to be China’s preeminent domestic PE firm, raising a $2.4 billion US dollar fund and securing some landmark investments
Rise of the China PIPE deal
It has taken Indian fund managers years to convince their LPs of the merits of PIPE deals, and efforts haven’t been wholly successful. The knee-jerk response, “Why should I pay you fees to invest in companies that I could just invest in myself?” had to...
Eminent Venture Capital raises $34m cleantech fund
Eminent Venture Capital, an investment arm of TaiAn Technologies, has raised over NT$1 billion ($33.5 million) for its new biotechnology and green energy fund.
Cathay Life Insurance invests $30m in KKR's Asian fund
Cathay Life Insurance has committed $30 million to KKR’s second pan-Asian fund, which has a target of $6 billion. Cathay Financial Holding, the Taiwan insurer’s parent company, announced the investment in a stock exchange filing dated June 11.
Serasi's Veronica John joins Mekong Capital
Veronica John, founder of Serasi Capital and formerly CEO of IDFC Capital, has joined Mekong Capital as a senior advisor. She is responsible for various aspects of the Vietnam-focused GP’s operations, including investments, fundraising and private equity...
LaSalle Investment to raise $700m Asia property fund
LaSalle Investment Management, a unit of Chicago-based Jones Lang LaSalle, is seeking to raise $700 million for an Asia Pacific property fund.
Blackrock hires Asia Pacific vice-chair
BlackRock has hired Philipp Hildebrand as vice chairman for Asia Pacific and EMEA. He will oversee the firm’s largest institutional client relationships in these regions.
Renminbi funds face a new reality
“Do you know a company called [name redacted]?” the colleague asked on the phone. “Yes,” I replied. I had been familiar with the firm and its business model for several years. It is a relatively small outfit based in Shanghai, not widely known and not...
China to expand insurers' investment scope
The China Insurance Regulatory Commission (CIRC) is likely to announce a new set of rules allowing insurers to expand their investment scope in order to diversify portfolios. As part of the move, the ceiling for domestic private equity investments will...