Industry
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.
Ex-banker targets $1b fundraise for Indonesia vehicle
A former investment banker with Bank of America in Asia is looking to raise a $1 billion private equity fund targeting Indonesia. It will launch in the first quarter of next year, with a view to making a first close within three months.
Pension funds still committed to pan-Asian, global funds
Institutional limited partners are becoming more nuanced in their appreciation of private equity opportunities in the region but this doesn’t necessarily signal a wholesale shift away from pan-Asian or global funds.
GPs highlight merits of differentiation – AVCJ Forum
General partners stressed the need for differentiation in devising strategies to capitalize on private equity growth in Asia Pacific.
Archer Capital, Bilden scoop top honors at 2011 AVCJ Awards
Archer Capital claimed two of the top prizes at the 2011 Asian Private Equity & Venture Capital Awards on Monday night, as the Australian PE firm was named Firm of the Year and Managing Director Peter Wiggs won Private Equity Professional of the Year.
Leopard Capital closes Sri Lankan subsidiary
Leopard Capital has closed its Sri Lankan subsidiary this week, further confirming that its country fund has been suspended until further notice.
Mandarin Capital to launch $1.4b second fund
Sino-European private equity firm Mandarin Capital Partners has announced plans to launch a $1.4 billion fund in 2012 to allow Chinese firms to make overseas acquisitions.
Australian PE investment at ‘highest level for three years’
Private equity and venture capital firms contributed A$3.6 billion ($3.7 billion) of capital to Australian companies this year, representing the highest amount invested for three years.
Renuka Ramnath confirms $450m raise for Multiples
Multiples Alternative Asset Management, founded by Renuka Ramnath, former CEO of ICICI Venture, has raised INR20 billion ($450 million) for its first fund.