Industry
Cayman fund regulation: Marginal gains
Private equity firms that use the Cayman Islands as a fund domicile are coming to terms with the realities of registration. Is the cumulative weight of increased regulation making them consider other jurisdictions?
Clime seeks $50m for Southeast Asia clean energy fund
Clime Capital, a newly established cleantech investor based in Singapore, has launched a clean energy fund for Southeast Asia targeting $50 million.
B Capital closes second fund at $820m
B Capital Group, a US-based VC with a presence in Singapore and a significant Asia portfolio, has closed its second global fund at $820 million.
KIC's private equity head to lead alternatives
Korea Investment Corporation (KIC) has promoted Jong-ho Kim from head of private equity to deputy CIO with a brief to lead its alternative investment group.
AVCJ daily bulletin returns July 2
AVCJ’s daily bulletin will not be published on July 1 due to a public holiday marking the establishment of the Hong Kong Special Administrative Region.
East Ventures reaches $57m first close on eighth fund
Indonesia’s East Ventures has reached a first close of $57 million on its eighth fund. The target is $88 million.
Indonesia's BRI Ventures launches fund
BRI Ventures, a unit of Bank Rakyat Indonesia, has launched a locally incorporated fund that will invest local start-ups.
Profile: Kejora Ventures' Sebastian Togelang
Frustrated with his business, Sebastian Togelang returned to Indonesia from Germany to invest in technology start-ups. He counsels entrepreneurs that it pays to be part of a larger platform
China establishes $5b SME support fund
China has launched a government guidance fund intended to support small and medium-sized enterprises (SMEs) with initial capital commitments of RMB35.75 billion ($5 billion).
Clifford Capital takes 50% stake in Singapore's Pierfront
Singapore-based infrastructure investor Clifford Capital has acquired a 50% stake in local private credit and mezzanine player Pierfront Capital for an undisclosed sum.
Fund focus: Beenext targets a world beyond the mirrors
Beenext Capital Management has expanded its LP base while maintaining fund size discipline. This is born of a philosophy that capacity for cross-pollination is more important than capacity for deployment
KKR set for $10b first close on flagship Asia fund
KKR expects to complete a first close of $10 billion on its fourth pan-Asian fund at the end of June.
AVCJ daily bulletin returns June 26
AVCJ's daily bulletin will not be published on June 25 due to the public holiday in Hong Kong.
Chinese IPOs: One less option
Will Chinese companies listed in the US become the latest casualties of tensions between the two countries? It could lead to a narrowing in IPO exit options for PE and VC investors
HQ raises its largest-ever fund-of-funds
HQ Capital has raised $750 million for its latest global private equity fund, which will pursue primary, secondary and co-investments in Asia, Europe, and the US.
GP Profile: Gobi Partners
China’s Gobi Partners has grown from a four-person team to an 11-office franchise. The coming decade will test the VC firm’s aspiration to become a pan-Asian enterprise
Fund focus: Cathay taps strategic expertise in energy
Cathay Capital Private Equity is raising what it claims is China's first-ever smart energy fund, relying on contributions from LPs that offer strategic as well as financial support
L Catterton recruits executive from India's CX Partners
Consumer-focused private equity firm L Catterton has hired Saurabh Mehta, formerly a partner at India’s CX Partners.
ESR raises $1b Korea logistics fund
Pan-Asian logistics investor ESR has raised $1 billion for its second Korea fund with support from APG Asset Management and Canada Pension Plan Investment Board (CPPIB).
Coronavirus dislocation funds: Runway watchers
Southeast Asia has emerged as a hotspot for VC funds targeting COVID-19 dislocation. They are flirting with strategies requiring private equity and short-term value investing skills
Beenext raises $160m for emerging markets, Japan funds
Singapore-based VC firm Beenext Capital Management has raised $160 million across two funds that will invest in start-ups in Japan and emerging markets.
Australia’s Square Peg raises $240m for third VC fund
Australian VC firm Square Peg Capital has received initial commitments of A$350 million ($240 million) for its third fund from investors including Hostplus and AustralianSuper.
Redmayne leaves CVC to join Searchlight
James Redmayne, a 14-year veteran of CVC Capital Partners who spent the last seven years in Asia, has joined the London-based team at Searchlight Capital Partners.
Asian LPs believe GPs underplay climate change risk - survey
More than three-quarters of LPs in Asia Pacific do not believe GPs take climate change risks seriously enough in their investment policies and practices, according to Coller Capital’s latest private equity barometer survey.
