Industry
Secondaries: GPs for hire
Many first-time fund managers in Asia are expected to have trouble raising successor vehicles. Secondary investors sense the opportunity to tide over GPs by acquiring their existing portfolios
Hudson Clean Energy makes China debut
Asia Pacific's waste-to-energy market is projected to grow threefold in the next five years and China is central to this trend. Cleantech consultancy Pike Research expects the country’s revenues to hit $3.7 billion by the end of the period, up from just...
PAG Asia bets $250m on Chinese pharmco
China is entering a new era, with its new model for growth powered by technology and innovation rather than a focus on cheap manufacturing. Biotechnology, as one of the seven “strategic emerging industries” in the 12th Five-Year plan, is experiencing...
Chinese PE players eye overseas deals
Demand for outbound investments is growing , but there are still hurdles that must be overcome.
Indian VC's social imperative
Social venture capital funds have sprung up in India under the notion that they can support marginalized communities and achieve financial returns. Time will tell if this is possible.
Australia's Elcano Capital hits the fundraising trail
Australian venture firm Elcano Capital is seeking to raise capital from small investment funds to finance its planned investments into early stage companies.
Axiom raises $1b for third Asia fund-of-funds
Singapore-headquartered independent fund-of-funds manager Axiom Asia Private Capital has reportedly raised more than $1 billion for its third fund.
Ascent invests $10m in Indian online grocery store
Ascent capital has committed $10 million to a series A funding round for Bigbasket.com, an Indian online grocery store. The transaction is said to be the largest ever Series A round for an e-commerce company as well as the first institutional investment...
EQT Partners invests in China Healthcare
EQT Partners has teamed up with the founder of China Healthcare and put in a cash offer to take the Singapore-listed company private. The deal values China Healthcare at S$80.4 million ($64 million).
Blackpeak adds Nicholas Blank in Hong Kong
Risk advisory firm Blackpeak Group, which focuses on corporate, private equity and hedge fund clients, has appointed Nicholas Blank as a director based in Hong Kong.
Bain: GDP doesn't indicate private equity capacity
The number of large companies in a country, not the size of its economy, is the most important indicator of a market’s capacity to absorb private equity capital, according to Bain & Company. Other key factors include the depth and liquidity of capital...
IREIFS Partners re-opens Bangkok office
Paris-based IREIFS Partners Private Equity is reopening its offices in Bangkok to tap opportunities in Thailand’s tourism industry, six years after withdrawing from the market.
CIC gets $30b government injection
China Investment Corp. (CIC) has received an additional injection of $30 billion from the Chinese government. The new capital will give the sovereign fund the firepower to invest overseas, particularly in Europe.
US pension funds move to raise alternatives exposure
Two US pension funds, Georgia Employees’ Retirement System (GERS) and Ohio State Teachers’ Retirement System (OSTRS) have made moves to boost their exposure to alternative investments.
NSSF teams up with SDIC to boost asset value
China's National Council for Social Security Fund has signed a framework agreement with State Development and Investment Corporation (SDIC) to boost the value of the state pension fund and state-owned assets.
Mehta leaves CCB to establish PE firm
Mickey Mehta, the assistant general manager and head of corporate banking and structured finance at China Construction Bank's (CCB) Hong Kong unit, has left to start his own private equity firm.
Sunshine Oilsands down 4.3% on its IPO price in early trading
Canadian oil explorer Sunshine Oilsands ended its first morning of trading in Hong Kong down 4.3% on its IPO price. The sluggish performance was expected, largely due to delays in the offering process and negative income streams.
IDG Capital Partners raises $571m RMB fund
IDG Capital Partners has reached a final close of RMB3.6 billion($571 million) for its Harmony Capital Fund, which will target innovative companies in Beijing technology hub Zhongguancun.
Sustainable Development Capital to raise $500m for Asia cleantech
Sustainable Development Capital (SDCL), a London- headquartered investment and advisory company, plans to tap $500 million to invest in green business in Asia within the next three years.
Shearwater's Stead becomes Australia head at Olympus Capital Asia
Gary Stead, co-founder and managing director of Shearwater Capital Group, has become Australia country head at Olympus Capital Asia. The move came largely as a result of the difficulties raising a new fund.
VinaCapital takes full control of BTS towers builder
Vietnam Infrastructure Limited (VNI), a VinaCapital closed-end fund trading on London Stock Exchange sub-market AIM, has increased its stake in in VNC-55 Infrastructure Investment to 100%. VNC-55 specializes in building and leasing Base Transceiver Station...
PAG commits $250m to Chinese pharma company
PAG Asia has invested $250 million in Shaanxi–based Bicon Pharmaceutical Holdings, becoming its largest investor, according to a statement released by the pharma company on Tuesday.
China business leaders join 3i's advisory board
3i Group has appointed two Chinese business leaders and one academic to its newly formed advisory board for the country. The new recruits are Frank Ning, chairman of food conglomerate COFCO, Dr Bing Xiang, founding dean of Cheung Kong Graduate School...
CPPIB names Mark Wiseman as new CEO
Mark Wiseman will become the next CEO of Canada Pension Plan Investment Board (CPPIB) when current head David Denison retires at the end of June.