Industry
Sino-Forest runs low on cash, bonds suggest default
Sino-Forest, the private equity-backed forestry firm that last week issued a report denying short-seller claims that it is engaged in a massive fraud, is still in danger as its bonds trade at prices that imply an extremely high risk of default. The negative...
Maybank launches $500m regional cleantech fund
The Singapore arm of Malaysian financial services major Maybank has launched a $500 million regional cleantech fund.
People power: PE and management
Private equity firms must move quickly after an acquisition to encourage and incentivize the existing management team or bring in new people
Rules and standards: A new era of investor reporting
A combination of limited partner pressure and government regulation is setting the stage for standardization and regulation to replace private equity’s traditional free-wheeling ways
AVCJ Forum Keynotes: Asia becomes even more important
As most of you know, our annual AVCJ Asian Private Equity & Venture Forum took place successfully in Hong Kong last week. The sold-out crowd was treated to, amongst other things, insights from some of the most successful dealmakers in the world and plenty...
Accel closes India III fund at $155m
Venture capital firm Accel Partners has closed its seed and early stage investment vehicle Accel India III at $155 million, raised by institutional investors from North America, Europe and Asia.
Update: Westbridge fund makes four investments
WestBridge Capital’s evergreen fund, closed in August, has made its first investments in four listed companies.
Sino-Forest denies fraud claims
Private equity-backed Chinese forestry firm Sino-Forest has denied allegations by short-seller Muddy Waters that it engaged in fraudulent activity related to its assets and revenue reporting.
BofA sold CCB shares to Temasek, Chinese institutions
A group comprising of Singapore’s second-largest sovereign wealth fund Temasek and several Chinese institutions have materialized as the buyers of the 10.4 billion shares in China Construction Bank (CCB) sold by Bank of America (BofA) for nearly $6.6...
Australian private equity continues to outperform public markets - AVCAL
Australian private equity continues to achieve better returns than the country’s stock markets, according to research cited by the Australian Venture Capital Association (AVCAL).
TPG scales back buyouts in Europe as it ramps up in Asia - report
TPG Capital is said to be scaling back its European buyout operations amid a volatile investment environment, in a move that may result in a strengthening of TPG’s Asian focus.
ChrysCapital raises $225m for Fund VI
ChrysCapital has reportedly raised $225 million for its sixth fund, ChrysCapital VI, en route to its $500 million target.
Goldman dilutes stake in ICBC for $1.1b
Goldman Sachs has divested $1.1 billion worth of shares in Industrial and Commercial Bank of China (ICBC), bringing the total capital it has raised across three sell-downs to $5.26 billion.
Marks: Strong assets more important than hedging forex risk
Hedging foreign exchange risk is a useless exercise for private equity firms compared to the importance of buying strongly performing assets, Oaktree chairman Howard Marks said at the AVCJ Investment Summit on Thursday.
Quotes from the AVCJ Investment Summit
A selection of notable remarks from the second day of the AVCJ Investment Summit on Thursday.
RMB fund vs. USD fund issue losing importance - AVCJ Forum
The internationalization of the renminbi is rendering the US dollar fund versus renminbi fund debate increasingly irrelevant, according to panelists at the AVCJ Investment Summit on Thursday.
Quotes from the AVCJ Investment Summit
A selection of notable remarks from the first day of the AVCJ Investment Summit on Wednesday.
Coulter, Rubenstein look at PE of the future – AVCJ Forum
Diversification and standardization were the watchwords as James Coulter, founding partner of TPG Capital, and David Rubenstein, co-founder and managing partner of The Carlyle Group, addressed the future of the global private equity industry at the AVCJ...
Private equity 'should be renamed growth capital'
PE investment should be renamed ‘growth capital’ due to the negative connotations surrounding the term ‘private equity’, Providence Equity Partners’ Jonathan Nelson said at the AVCJ Investment Summit yesterday.
Carlyle's David Rubenstein: PE fundraisers will turn to Skype
GPs looking to raise funds will turn increasingly to online mediums such as Skype and video conferences, said David Rubenstein at the AVCJ Investment Summit in Hong Kong on Wednesday.
PE succession planning: Continuity issues
Asia’s private equity industry may not be old, but it is still volatile. Firms that fail to address succession planning – due to staff turnover if not staff ages – risk losing the confidence of LPs.
Profile: Veronica John of Serasi Capital
Serasi Capital’s Veronica John has set up businesses in some of the world’s most challenging environments. She feels well-equipped to launch a private equity fund of her own.
Archer Capital, Bilden scoop top honors at 2011 AVCJ Awards
The 11th AVCJ Asia Awards recognizes leading achievements in the region’s private equity industry.
Congratulations to our award winners
On behalf of my colleagues at the Asian Venture Capital Journal, I will like to congratulate the winners of our 2011 AVCJ Asian Private Equity and Venture Capital Awards.