Industry
US increases disclosure requirements for foreign listings
The US Securities and Exchange Commission (SEC) has introduced rules that compel foreign companies seeking US listings to file their registration documents publicly. Previously, IPO documentation remained confidential until the issuers were ready to launch...
Intel backs Japanese tech firm G-cluster
Japanese technology company G-cluster Global has received support from Intel Capital and SFR Développement, the venture capital arm of French telecoms company SFR.
L Capital in talks with Indian ethnic wear chain
L Capital Asia, the private equity arm of luxury goods giant LVMH group, is in talks to acquire a minority stake in Fabindia, an Indian ethnic fashion retailer.
Norton Rose Australia PE head joins Sparke Helmore
Nick Humphrey, former head of private equity for Norton Rose Australia, has joined Sparke Helmore Lawyers as the legal firm’s national corporate practice group leader.
Goldman Sachs to launch first energy-focused fund
Goldman Sachs plans to raise $2-3.5 billion for its first energy-focused private equity fund. The global vehicle, known as Broad Street Energy Partners, will target the oil, gas and power industries.
Hony’s bumper raise sparks concerns about China fund sizes
How much is too much? Hony Capital set the benchmark for the string of large China-focused funds expected to launch in the next year or so as it closed its fifth vehicle at $2.4 billion. Hony Capital Fund V took barely four months to complete its fundraising,...
China targets illicit PE fundraising
Horror stories of individual investors being talked into committing capital to suspect private equity funds have prompted regulatory intervention in China. But progress is slow and the road is long.
Private equity and Asia’s new rich
On two occasions last week, fund managers told me they were looking to attract capital, but not from the standard institutional LP. Is this a coincidence or the start of a new trend? It’s not yet clear. But one contributing factor of which we can be...
Indian commodity exchange in talks with PE firms
India’s fourth largest exchange, the National Multi-Commodity Exchange of India (NMCE), is in talks with five private equity firms and banks to raise INR300-350 million ($5.9-6.9 million) to comply with minimum capital rules.
Cinemacraft receives funding from 500 Startups
Asian interactive media platform provider Cinemacraft has secured funding from US-based business incubator 500 Startups.
India to launch state-backed $1b innovation fund
India plans to roll out a $1 billion government-backed venture fund to support innovative companies that promise a better future to the poor.
Actis moves closer to full management buyout
The UK government is moving closer to the sale of its remaining stake Actis, with the private equity firm’s management team the most likely buyers after a 12-month search failed to deliver any rival bidders. However, deep divisions remain over the price...
Kedaara to pursue carve-outs from Indian conglomerates
Kedaara Capital, the private equity firm created by Manish Kejriwal and Sunish Sharma, formerly of Temasek India and General Atlantic India, respectively, will focus on investments in carve-outs and spin-offs of non-core assets from large corporations.
CrystalGenomics receives $2.6m from VC-backed fund
South Korea-based CrystalGenomics has secured KRW3 billion ($2.6 Million) through a private placement to the Korea Seoul Life Science Fund (KSLSF).
Singapore property funds look to invest $100m in Indian SEZ
Singapore property funds Ascendas and Mapletree Investments are in talks to commit $100million to a special economic zone (SEZ) near the Indian city of Pune.
Citadel Capital seeks capital from Chinese LPs
Middle Eastern private equity firm Citadel Capital is seeking to raise capital in China and is in talks with a Beijing-based sovereign wealth fund, according to Stephen Murphy, the firm’s managing director responsible for institutional fundraising.
Lightspeed targets $675m for ninth fund
Lightspeed Venture Partners is seeking $675million for its new global fund, according to a regulatory filing. The firm principally targets investments in China and India, as well the US and Israel.
Hony Capital raises $4b for new USD, RMB funds
Beijing-based Hony Capital, one of China’s largest private equity firms, has raised close to $4 billion from investors for two separate vehicles, both double the size of their respective predecessors.
Former head of SBI Macquarie seeks $500m for India fund
Violet Arch Capital Advisors, a startup run by Varun Bajpai, former head of SBI Macquarie Infrastructure Fund, is looking to raise $500 million for its debut fund. The vehicle will be sector agnostic, targeting opportunities that are driven by India’s...
Carlyle founders share $400m in 2011 earnings
The Carlyle Group’s three founders together earned more than $400 million in 2011 after the private equity firm returned a record $15 billion to LPs in the first nine months of the year.
Profile: Longreach Group's Mark Chiba
A student activist turned career investment banker, Mark Chiba set up Longreach Group as a Japan-focused buyout firm with old-fashioned values.
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
Canaan Partners closes ninth fund at $600m
Canaan Partners, the venture capital firm that focuses on the US, India and Israel, has closed its ninth fund at $600 million. The new vehicle, which received commitments from both new and existing LPs, takes the firm’s total assets under management...
Banker formally launches $1b Indonesia fund
A new Indonesian merchant banking operation plans to raise a $1 billion private equity fund that will target investments in the country. If successful, it would be the largest ever Indonesia-focused fund as well as one of the largest vehicles of its type...