Industry
Japan's SBI to form joint RMB/USD funds with China's Fudan University
Japanese financial conglomerate SBI Holdings is to launch two venture capital funds in cooperation with Fudan University in Shanghai, China.
Korea Advanced Materials Fund raises $36 million from venture investors
Korea Advanced Materials Fund has received $35.9 million from international chemicals group Solvay, Korea Venture Investment Corp (KVIC) and AJU IB Investment, a Korean VC company formerly known as Kibo Technology.
ICICI Venture's infra fund to be buoyed by overseas investors
ICICI Venture has turned to overseas LPs to finance up to $750 million of its $1 billion infrastructure fund, according to reports, which is slated to go toward India’s roads, ports and airports once deployed.
Wen out of New Horizon as Sihuan Pharma pre-IPO deal nixed
Leading Chinese PE firm New Horizon has confirmed that its co-founder Winston Wen Yunsong, son of PRC Premier Wen Jiabao, left the company at an unspecified date and has been working since last year for an arm of China Aerospace Science & Technology Corp.,...
New York Pacific Capital launches Suzhou RMB fund
New York Pacific Capital, the New York- and Beijing-based China-focused US merchant banking player, has announced a new RMB fund targeting RMB 300 million ($45.1 million), with investments to be focused on the greater Suzhou region of eastern China.
Partners Group in Asia
Overweight on the region – with care
Microfinance in India: helping or hurting?
The landscape for microfinance institutions (MFIs) in India has shifted in light of new legislation in the leading microlending region of Andhra Pradesh, intended to curb over-aggressive debt collecting tactics.
Baring powers up for NASDAQ take-private bid
In what could be the start of a delisting trend among US-listed Asian companies, Baring Private Equity Asia has made a privatization bid for NASDAQ-listed Chinese electric motor manufacturer Harbin Electric, alongside the target company’s chairman and...
Awards finalists – the people’s choice
This year's list of finalists for the AVCJ Asian Private Equity & Venture Capital Awards, released for public voting this week, was the result of the first ever open call for nominations in the Awards’ ten-year history.
CIC opens in Hong Kong
PRC SWF the China Investment Corporation (CIC) is setting up an office in Hong Kong, its first formal business operation outside the Mainland, and has engaged Laurence Lau, former Vice-Chancellor of The Chinese University of Hong Kong (CUHK) and former...
Marcel Erni of Partners Group
The question of GPs’ long-term experience in Asia is among LPs’ biggest concerns, says Founder and Vice Chairman of Partners Group Marcel Erni, adding that funds are largely still looking to prove that their model can work in “difficult cycles.”
Morgan Stanley gets nod from authorities to sell CICC stake
Morgan Stanley has reportedly received the green light from PRC regulators for its tentative sale of its 34.3% stake in China International Capital Corp (CICC), the Chinese investment bank, according to local media reports.
Korea Exchange Bank union held secret meeting with ANZ over Lone Star exit
The employees' union of Lone Star investee Korea Exchange Bank (KEB) held a closed and secret meeting with executives of Australia and New Zealand Banking Group (ANZ) last month, smoothing the way for a bid by the Australian lender for Lone Star's controlling...
Morgan Stanley rolls over loans from lenders for 2007's ANA hotels deal
Morgan Stanley and its lenders have reached an agreement to roll over loans arranged for the US investment bank's 2007 acquisition of 13 hotels from ANA Group, originally operated by Japan’s second largest airline company All Nippon Airways.
Liang Meng, DE Shaw & Co.
The Managing Director and CEO of the group’s Greater China business talks about the firm’s approach to private equity investing, stemming from its alternative investment pedigree.
The business of venture
Asia’s corporate VCs on their performance – and results
Shanghai QFLP program for non-Chinese RMB LPs approved
The pilot Qualified Foreign Limited Partners (QFLP) guidelines floated in Shanghai to allow international LPs to invest into Shanghai-incorporated RMB-denominated private equity funds have been approved by China’s central financial regulators, according...
KKR makes up to $1.73 billion bid for Australia's Perpetual
Kohlberg Kravis Roberts & Co (KKR) has made an up to A$1.75 billion ($1.73 billion) bid for Australian investment group Perpetual Ltd., offering between A$38-$40 ($37-39) a share for the company.
Indian regulators consider legislation to curtail microfinance debt-collecting
Indian regulators have proposed legislation intended to curb over-aggressive debt collecting procedures by microfinance institutions (MFIs) following a series of suicides by borrowers who were allegedly hounded by their lenders.
Monsoon Capital takes majority stake in Indian real estate development
Hedge fund Monsoon Capital is handing up to $10 million to real estate firm Value Designbuild as it finalizes a suburban villa project.
Nautiyal-backed Redwoods Capital plans $50 million India real estate fund
Indian asset management firm Redwoods Capital, founded by the former head of BNP Paribas India’s real estate business Anuj Nautiyal, is set to raise a domestic real estate fund with a preliminary target of $50 million.
SVB Finanical Group opens Beijing office
SVB Financial Group, the parent of Silicon Valley Bank, has opened an office in Beijing, to provide VC investors and hi-tech companies with advisory services including arranging RMB loans with local partners.
Blackstone, Olympus eye Guangdong Yinda Guarantee
Chinese credit guarantee firm Guangdong Yinda Guarantee Investment Group Co. has attracted the attention of private equity investors including the Blackstone Group and Olympus Capital looking to link with the company ahead of an anticipated IPO, local...
IFCI invests $6.7 million into Indian solar-power firm Titan Energy
IFCI Venture Capital has invested INR30 crore ($6.7 million) in Indian solar-module maker Titan Energy Systems Ltd., buying the firm a 12% stake in the company.