Industry
When private equity gets political
Those of you who are familiar with Hong Kong will know that the Special Administrative Region of China will be holding its elections for a new chief executive – the highest local government post – next year. While a number of individuals have expressed...
Chinese regulators poised to clamp down on illegal fundraising
China’s National Development and Reform Commission is looking into domestic private equity firms’ fundraising operations with a view to tightening regulatory oversight on the sector.
Chinese investors ask Terra Firma to create sovereign fund pool
Terra Firma Capital Partners has been approached by several large investors from China and the Middle East to set up a sovereign fund pool.
Korean regulators to investigate KEB
South Korean regulators have launched a probe into the inside operations of Korea Exchange Bank (KEB) to ensure that the lender complied with court orders to fire members of its board related to embattled owner Lone Star.
India alters rules on anchor investors, PE disclose for IPOs
Anchor investors in IPOs by Indian companies must put in at least INR50 million under new rules introduced by the Securities and Exchange Board of India (SEBI). The threshold, designed to ensure that only serious players enter the fray, comes alongside...
Actis gets $250m from Washington State Investment Board
Washington State Investment Board has committed $250 million to Actis’ latest emerging markets vehicle as part of a more than $550 million allocation to global private equity managers made earlier this month. The other beneficiary was Apax Partners’...
SKS Microfinance Chairman Vikram Akula resigns
The founder and chairman of embattled microlender SKS Finance, Vikram Akula, has resigned his post after 14 years at the firm. It comes as the publicly listed lender looks to recoup costs amid an increasingly difficult business environment.
Maybank sees SE Asia cleantech potential
China and India's near monopoly over the Asian cleantech space may have come to an end if the first close last week of Maybank’s Southeast Asia-focused fund is anything to go by.
Indian investors reconsider structures
Proposed tax reforms are threatening Mauritius’ dominant position as the preferred foreign investment conduit for India
Australian LPs miss out on Neuberger Berman fund-of-funds
Neuberger Berman announced a final close of $720 million for its NB Crossroads 2010 fund-of-funds last week, but Australian investors were conspicuous by their absence. Not one Australian LP subscribed to the latest vehicle, which Neuberger attributes...
India fundraising: Survival of the fittest
India has seen plenty of private equity spinouts but an increasingly difficult fundraising environment is expected to separate the men from the boys
Established Indian GPs shine in fundraising
It's not secret that many private equity firms are gearing up for a major fundraising spree in Asia. From the global firms like KKR, Bain and TPG to the Asia-based regional funds and focused, country-specific funds, private equity vehicles are in the...
Hony plans $2.4b USD fund - report
Hony Capital has reportedly targeted up to $2.6 billion for its latest private equity fund, touted as the biggest US dollar fund raised by a China-based fund.
Place your vote in the 2011 AVCJ Indian Awards
We are happy to announce the nominee shortlist for 2011 AVCJ Indian Private Equity and Venture Capital Awards. Relying on submissions from across the PE community and the expertise of our select panel of industry judges, five nominees have been chosen...
Tata Capital, IFC form cleantech investment JV
Tata Capital and the International Finance Corporation (IFC) have established Tata Cleantech Capital Ltd (TCCL), which will provide capital to Indian small- and medium-sized enterprises (SMEs).
Lone Star ordered to sell down KEB stake within six months
Lone Star has been ordered to sell down the majority of its 51% stake in Korea Exchange Bank (KEB), South Korea’s sixth-largest bank by assets, to 10% or less within six months. This has reportedly prompted US-based Lone Star to seek out buyers as its...
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.