Industry
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.
Chinatrust Financial plans $300m maiden VC fund
Taiwan’s third-largest financial services firm Chinatrust Financial is raising a $300 million venture capital fund – its first - targeting Taiwanese companies operating in China.
2011 AVCJ Forum sells out
The 2011 AVCJ Private Equity & Venture Forum has sold out, following an unprecedented level of industry support from both within and outside of the region. AVCJ will not be taking any more registrations for the event, although existing reservations made...
Q&A: Headland Capital Partners' George Raffini
After 21 years as a captive, HSBC’s Asia private equity unit spun out last year as Headland Capital Partners. Managing Partner George Raffini looks back on 12 months of change.
Southeast Asia takes on the neighbors
Southeast Asia is increasingly popular as an investment destination for private equity firms, but can it compete with China and India?
Asia's sovereigns: Partners or competitors?
Asian sovereign wealth funds are increasing their exposure to private equity firms globally. They have one eye on returns and another on beating GPs at their own game
China forestry assets: A due diligence nightmare
Opaque regulation and uncertainty about ownership in China’s forestry industry represent a challenge to strong investor oversight.
China due diligence: Suspicious minds?
The quality of private equity firms’ China due diligence has been called into question over the last 12 months - growth capital players may have too little time and too much money.
Asia fundraising – more than just a renminbi story
The last few years have not been good for most Asian private equity fundraisers. The global financial crisis made the usual institutional investors shied away from the asset class, forcing funds already in the market to scale back their targets slightly....
Bain, TPG told to give Lilliput founder first refusal on shares
The Delhi High Court has forbidden Bain Capital and TPG Capital from selling their shares in Lilliput Kidswear without first offering them to Sanjeev Narula, the company’s founder.
HDFC courts sovereign funds for fourth property vehicle
HDFC Realty, the private equity arm of India’s Housing and Development Finance Corporation, is in talks with Government of Singapore Investment Corp. (GIC), Temasek Holdings, Abu Dhabi Investment Authority (ADIA) and Kuwait Investment Authority (KIA)...
SKS Microfinance looks to raise $183m through share sale
The board of SKS Microfinance has approved a motion to raise an additional INR9 billion ($183.2 million) through a share sale to private institutional investors.
Asia property funds not suffering from European bank pullback
Most large Asian real estate funds are not suffering from a pullback in lending as a result of the euro zone difficulties because their exposure to European banks is minimal, according to a survey by the Asia Pacific Real Estate Association.
Indian authorities reverse decision on options
The Indian government has backtracked on a month-old order on foreign direct investment (FDI) transactions that threatened private equity exits by limiting the use of put and call options.
Submit your nominations for the 2011 AVCJ India Awards
Nominations are open for the AVCJ Indian Private Equity and Venture Capital Awards. This is the second year we have sought to recognize and honor firms and practitioners who have helped drive the growth of Indian private equity. Presented in conjunction...
China's debt-ridden Railway Ministry to set up PE fund
China’s Ministry of Railways will set up a private equity fund to support the expansion of the rail network, 21st Century Business Herald reported, citing a source familiar with the situation. The vehicle could raise up to RMB100 billion ($15.7 billion)...
VIDEO: PE's top names sound off on Asian talent
Asia has been a major recipient of capital in recent years given the growth potential of key markets, but the region's top professionals aver that finding an experienced fund manager to deploy these dollars remains a key issue.