Industry
SBI and Abu Dhabi to form Africa-focused fund
SBI Holdings Inc., a Japanese financial conglomerate with private equity and venture capital arms, and Invest AD, a subsidiary of the Abu Dhabi Investment Council, announced the formation of a new Africa-focused fund management company, with target regions...
China private equity shooting for world No.1?
PRC to surpass US PE market size – or will it?
China reshapes the world?
China's rise to private equity superpower status is the subject of much comment in AVCJ lately and elsewhere; but one less immediately obvious implication is the prediction made by David Patrick Eich of Kirkland & Ellis, that “China will have a profound...
CIC may see functional restructuring
China Investment Corporation, the $300 billion SWF, may be in line for restructuring plans that could see it broken into up to three functional divisions targeting equity and strategic resources investments, according to reports.
VantagePoint launches Bohai VC fund
VantagePoint Venture Partners has become the latest fund to launch out of China's bustling Bohai Rim development zone, with the announcement of the Tianjin VantagePoint Hi-tech China FIVCE Fund, targeting RMB680 million ($100 million) for investment in...
Chengdu govenment forms RMB10 billion infra fund
Chengdu Longquanyi District Government, CDB Finance Co., Ltd. and China Development Bank's Sichuan Branch have signed a framework agreement to support a regional fund named CDB Sichuan (Longquanyi) Urban-Rural Coordinated Development Fund.
Chengde Deyuan Hunan High-Tech Venture fund launched for Hunan
Changde Deyuan Hunan High-Tech Venture Capital Co., Ltd. has launched a RMB160 million ($23.6 million) RMB VC fund in partnership with Changde Municipal People's Government, Hunan Deyuan Investment and Beijing Huahui Hengye Investment.
India to set up $11 billion energy infrastructure investment fund
The Indian government is on track to launch an INR500 billion ($11 billion) infrastructure fund to finance opportunities in the burgeoning domestic power industry.
South Korean SWF KIC to receive $5 billion of fresh capital
South Korean SWF the Korea Investment Corporation (KIC) is to receive up to $5 billion from public finances to add to its $35 billion of capital, and may look at more partnerships with other international SWFs, according to official statements.
Wang steps down from DB
Pying-Huan Wang, formerly a director at Deutsche Bank where she was leading investment management with oversight of the bank's PEG Group in Switzerland, has now quit the firm, with her future plans apparently including further asset management work in...
FLAG planted in Hong Kong
Stamford, Conn.-headquartered fund of funds FLAG Capital Management is opening a new office in Hong Kong - its first presence outside the US - to cover the Asia Pacific region.
Gary Stead of Shearwater Capital
Mezzanine’s role in Australia’s financing sector has grown in light of the economic crisis because, not only has it acted as an alternative to taking on senior debt – as banks became more stringent in their lending – but also to equity itself,...
HDFC, Ojas among Series B-round investors in Tyfone
HDFC, a division of India’s HDFC Bank which additionally counts Temasek Holdings as an investor, as well as Polaris Software Lab and Ojas Venture Partners, is set to inject $5 million into mobile payment firm Tyfone Inc. as part of a Series B round...
Jinqiao launches first Inner Mongolian fund
Jinqiao Venture Capital Fund, a Chinese VC firm, has committed RMB60 million ($8.8 million) to a vehicle which is the first private equity fund in Inner Mongolia, targeting to raise up to RMB200 billion ($29.4 million).
Everstone focusing on corporates, not warehouses
Indian PE firm Everstone Capital is not on track to raise a new real estate fund focusing specifically on warehouses and logistics, industry sources say, contrary to earlier media reports.
Reliance Capital to take stake in Action Construction
Reliance Capital is reportedly set to take a 3.2% stake in Action Construction Equipment Ltd. though a preferential allotment.
Indian hospital operater Fortis considers listing real estate investment trust
Indian hospital operator Fortis Healthcare – which lost the months’ long battle for Singaporean hospital asset Parkway Holdings to Malaysian SWF Khazanah Nasional in July – is considering listing its hospital land and building assets in Singapore...
China M&A: Leaps and bounds
Chinese M&A activity isn’t just recovering post-GFC.
Aureos invests $2.2 million in Thai data center provider
Emerging markets-focused Aureos South-East Asia Managers Ltd. has invested $2.2 million in Thai data center provider Unitrio Technology Co. Ltd. from its South East Asia Fund.
Funds of funds build LP returns
After boom times, consolidation beckons?
Indonesia heat
Fresh off the plane back from Jakarta, I can confirm that Indonesia merits the attention private equity GPs and LPs are now paying to it – and that the attention is almost as frothy and buzzing as the overall Indonesian economy.
Navis makes final close on $1.2 billion fund
Navis Capital Partners has announced the official close of its $1.2 billion Navis Asia Fund VI, a vehicle that surpassed Navis’s original $1 billion target fund size and further outpaced its preceding Navis V fund, which raised $1 billion in 2007.
Japan's DBJ and banks to form $1.18bn turnaround fund
The Development Bank of Japan is slated to launch a JPY100 billion ($1.18 billion) fund, specializing in local corporate restructuring and turnaround, in partnership with the Bank of Tokyo Mitsubishi UFJ and Sumitomo Mitsui Banking Corp., at the end of...
Indian pharma firm seeks PE investments
Pharmaceutical firm Zenox Lifesciences Limited looks to raise INR6 crore ($1.3 million) in private equity investments - funding allocated to business expansion measures such as acquisitions.