Industry
Private equity in China: Enemy of the state?
The likes of Hony Capital and CITIC Capital have made a name for themselves by turning around loss-making state-owned enterprises. Although lucrative, this area is not for PE firms that are either too foreign or too faint-hearted
Jie Huang to join Cadwalader's Beijing office
Cadwalader has hired Jie Huang as special counsel in its Beijing office. Huang joins from Telstra Corp, where she was general counsel to the Australian company's China business unit.
KKR raises one-third of $6b Asia fund – report
KKR has reportedly attracted commitments of $2 billion in the first round of capital raising for its new Asia fund, which has a final target of as much as $6 billion. The news comes after The Carlyle Group made initial approaches to investors regarding...
Foreign RMB funds at a crossroads
Apparent confirmation that foreign-invested renminbi funds can’t qualify for local treatment has left the leading overseas private equity firms in a quandary. Life has become harder, but all is not lost
Bridging the gap: China fund T&Cs
Differences between the Chinese and US private equity markets are reflected in fund terms and conditions. LPs that back managers operating US dollar and renminbi funds should look carefully at the small print
Russia builds PE ties with China
Russia and China’s sovereign wealth funds have joined forces to boost cross-border trade. For Moscow, it is a much-needed opportunity to diversify the economy and attract more foreign investment
VIDEO: Advent Private Capital's Rupert Harrington
Western Australia is the country's fourth-largest state by population but the richest by natural resources and this has seen it emerge as the primary source of economic growth. This shift in momentum from east coast to west – coupled with the cyclical...
India funds given six months to comply with new regulations
Indian private equity funds have been given a six-month window to comply with new rules governing alternative investment funds (AIFs). While existing vehicles are free to complete their investment cycles, they will not be able to raise fresh capital until...
Kobre & Kim to advise Chinese financial firms from BVI office
Kobre & Kim, the conflict-free litigation boutique focusing solely on cross-border disputes, has announced the opening of an office in the British Virgin Islands.China is expected to be a key focus for the practice.
Ironbridge targets $1b for Fund III, invests $95m in dental business
Australian private equity house Ironbridge Capital has said it will target up to A$1 billion ($1 billion) for its third fund, for which it will begin fundraising in the second half of this year.
CIPEF closes emerging markets fund at $3b
Capital International has closed its sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
Armstrong launches SE Asia cleantech fund
Southeast Asia has abundant solar radiation, agricultural resources and biomass when compared to North Asian and European countries. However, the use of clean energy in the region is still somewhat limited. Singapore-based clean energy asset manager Armstrong...
FX hedging: Know your risk
Private equity firms are hedging the currency risk of their investments in Asia Pacific longer and later in the investment cycle than ever before
Indian infrastructure funds face rocky road ahead
Private equity has been one of the engines for India’s infrastructure growth, but delays in project approvals, inexperienced GPs and the tough fundraising environment remain hurdles to overcome
Asian PE infrastructure evolves with the industry
Everything always seems clearer and easier to understand with the benefit of hindsight. While it seems pretty apparent now that Asian private equity would emerge as a leading asset class for investors around the world, it was actually quite difficult...
Paul Wang joins Dechert as corporate partner in Beijing
International law firm Dechert has announced that Paul Weidong Wang has joined the firm’s corporate practice as a partner in Beijing.
Carlyle to raise $3.5b for fourth Asia buyout fund
Carlyle Group plans to raise $3.5 billion for its fourth buyout fund in Asia, which would be the private equity firm’s biggest targeting Asia. An initial close is expected to happen in the second half of the year.
Sentient closes fourth fund at $1.3b
The Sentient Group, a private equity firm that focuses on the global metals, minerals and energy sectors, has closed its fourth fund on $1.3 billion.
SDCERA invests $75 million in TPG Asia VI - update
San Diego County Employees Retirement Association (SDCERA) has invested $75 million in TPG's sixth Asia-focused private equity fund.
3i gives up Indian quoted equity plan
3i has dropped the plan to raise a dedicated fund aimed at purchasing stakes in India-listed companies due to a lack of interest from investors.
Carlyle sees earnings drop in Q1
Carlyle’s earnings dropped 26% in the first quarter as the private equity firm reaped lower profits from its investments.
Armstrong to launch a $150m clean energy fund in SE Asia
Armstrong Asset Management, a newly-established Singapore-based clean energy asset manager, is set to launch its maiden fund, which will focus on clean energy projects across Southeast Asia.
BASF Venture Capital invests $5m in Tsing Capital’s clean energy fund
BASF Venture Capital, the corporate venture capital arm of global chemical company BASF, has invested $5 million in the China Environment Fund IV managed by Tsing Capital.
LIC holds a first close of real estate fund at $47m
LIC Housing Finance, the mortgage unit of India's biggest insurer, has reached a first close of its maiden real estate private equity fund at INR2.5 billion ($46.5 million).