Industry
Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.
Li Ka-Shing's Horizons Ventures backs Everything.me
Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, which is known for investments in Facebook and Spotify, has led a $3.5 million funding round in Everything.me, a mobile search provider.
Silver Lake to reduce fees for fund IV
Tech-focused private equity firm Silver Lake is planning to cut the fees it will charge big-ticket LPs as it attempts to raise as much as $10 billion for its next buyout vehicle.
Blackstone closes second global mezzanine fund at $4b
The Blackstone Group has raised $4 billion for its second global mezzanine fund, making the vehicle twice the size of its predecessor. The fund has already deployed or committed $780 million to four companies, including Japan’s Sony Corp, which required...
PE firms wary of India's proposed tax law changes
Foreign private equity investors remain concerned about perceived ambiguities in India’s proposed anti-avoidance legislation, which impacts the tax treatment of offshore structures used to channel capital into the country. The legislation forms part of...
NSSF: Still room to increase PE investments
China's National Council for Social Security Fund (NSSF) has the capacity to boost its commitments to private equity considerably, having put only 2.2% of its capital into the asset class, according to Wang Zhongmin, the fund's vice chairman.
Mitsui Global Investment backs Belgian pharma firm
Mitsui Global Investment, a subsidiary of Japan's Mitsui & Co, has participated in a Series B round worth EUR23.6 million ($31.4 million) for Belgian pharmaceutical company Promethera Biosciences.
India relaxes rules on secondary deals by foreign PE firms
Foreign private equity and venture capital firms now have license to pursue direct secondary transactions in India after the country’s central bank relaxed regulations on their activity. It potentially opens the door to a string of asset purchases from...
Lazard-backed 2XU acquires Sports Multiplied
Australian technical sports apparel brand 2XU, which is backed by Lazard Private Equity, has acquired its US-based distributor Sports Multiplied, in a move to expand across the globe.
Q&A: Creador's Brahmal Vasudevan
Brahmal Vasudevan, CEO of India- and Southeast Asia-focused Creador, discusses the rewards and challenges of investing in Indonesia
Q&A: Ancora's Veronica Lukito
Veronica Lukito, CEO of Ancora International, discusses the rewards and challenges of investing in Indonesia
Helion remains committed to early-stage deals
Helion Venture Partners has restricted its third fund to $255m despite oversubscriptions. It will continue to focus on early-stage investments in the technology and consumer space
Asian LPs join Latin America's PE carnival
Asian investors are upping their commitments to Latin American private equity funds in a bid to be part of another emerging markets growth story
Looking forward, looking back
The first quarter of 2012 will soon be over. The Asian private equity industry seems to be humming along at a steady pace, although there hasn’t been anything particularly dramatic so far. Deal-making has been efficient and routine rather than startling,...
Tata Capital to offer private investment banking in Singapore
Tata Capital will set up a private investment banking business in Singapore with a view to starting operations within two years. It plans to focus on private equity and fund management capabilities as well as wealth management and securities broking....
Vision Knight Capital invests in Silver Lake-backed Allyes
Allyes Group, a Chinese online media service provider, has received a strategic investment from Vision Knight Capital, the private equity firm set up by former Alibaba CEO David Wei. It is the largest single investment by Vision Knight since its inception...
Baring PE India to complete fully deploy Fund III by mid-2013
Baring Private Equity Partners India plans to complete its current investment cycle by mid-2013. The PE firm has raised more than $770 million across three funds and the most recent vehicle - which closed in 2008 at $560 million - is the only one not...
India VC player Helion closes third fund at $255m
Helion Venture Partners has closed its third fund at just over $255 million, over $45 million more than for its previous vehicle, which closed in March 2008. The successful fundraise, which attracted commitments from pension funds, endowments, foundations,...
Nominations are open for the 2012 AVCJ China Awards
As the industry's premier information source, AVCJ tasks itself with highlighting the firms, professionals and deals that are a cut above the rest. We do this on a weekly basis in print and on an annual basis through our awards. As such, we are proud...
Helmsman Capital seeks $211m for third fund - update
Helmsman Capital is currently seeking A$200 million ($211 million) for its third vehicle, Helmsman Capital Fund III.
Greenpark, IFC target emerging markets secondaries
Greenpark Capital's tie-up with International Finance Corp. (IFC) to create a $500 million emerging markets secondaries fund (EMSF) makes a lot of sense. The former has plenty of experience in secondary investments but a limited emerging markets presence;...
Axiom closes third fund in just four months
Regional fund-of-funds player Axiom Asia says that strong investor demand for fund three, despite a difficult fundraising environment, is an endorsement of the firm’s consistent approach
Private equity heads into China's hinterlands
From resources to consumer plays, western China is rich in opportunities for private equity investors, but an unwillingness or inability to build strong local teams is holding back progress
Indian LPs: Emerging or defunct?
Having a larger domestic LP base in India could create a more sustainable fundraising environment for GPs, but few industry participants expect institutions to be let off the leash in the near term