Industry
Frank Tang of FountainVest
Frank Tang, CEO of China-focused private equity fund FountainVest Partners, talks about the composition of China's private equity market - which is in flux due to shifting government regulations - and addresses key trends he has seen on the mainland....
Pantheon drops out of CIC secondaries mandate
Pantheon Ventures, the UK-headquartered fund-of-funds and investment management group, has declined to follow through on a mandate to manage $500 million of secondaries-focused separate accounts on behalf of the China Investment Corporation (CIC).
Tata Capital targets $1 billion in new PE capital
Tata Capital, the Tata Group’s financial services arm, has announced plans to raise approximately $1 billion from local and international sources next year for four sector-focused private equity funds.
Peepul Capital invests $11.8 million in Aqua Designs
Peepul Capital Fund II has invested INR55 crore ($11.8 million) in Indian water treatment company Aqua Designs India, funding intended to finance development projects, expansion and future acquisitions.
CIC appoints John Mack and Joseph Yam to board
The China Investment Corporation (CIC), the PRC's flagship sovereign wealth fund, has welcomed two new members onto its international advisory council: John Mack, Chairman of Morgan Stanley, who stepped down from his CEO position in January this year...
KKR plans to raise $800 million for China Growth Fund
Kohlberg Kravis Roberts & Co. plans to raise $800 million to invest in China with its new USD-denominated KKR China Growth Fund, its first China-directed vehicle since it set up its $4 billion KKR Asian Fund, and its first specific growth capital fund....
Sequoia Capital China denies RMB fund plan
Earlier reports that Sequoia Capital China, the PRC offshoot of the leading US Silicon Valley VC firm, was looking to raise as much as RMB3 billion ($442 million) for a new RMB-denominated fund have been denied by Sequoia.
Helion Venture leads $6 million Komli Media India deal
Helion Venture Partners, Nexus Venture Partners and Draper Fisher Jurvetson India have infused an additional $6 million into digital ad network Komli Media India Pvt. Ltd.
Hamilton Lane recruits Chan for Hong Kong
US private equity asset management and advisory firm Hamilton Lane has recruited Jackson Chan, formerly Head of Sales and Marketing for Non-Japan Asia at Ramius Capital, as a VP and head of business development for Asia, operating from its newly established...
CCBI Healthcare Fund makes two investments
CCB International, the investment arm of China Construction Bank, has made two investments in the medical sector, including an RMB150 million ($36.9 million) capital injection into Luyan, a medical company in Fujian, and an RMB100 million ($14.7 million)...
CPPIB launches $3.05 billion bid for Australia's Intoll Group
The Canada Pension Plan Investment Board (CPPIB) has launched an A$3.4 billion ($3.05 billion) takeover bid for Australian road toll operator Intoll Group – a cash offer that comes at a 38% premium over the target's latest closing price.
Norwest leads $7.2 million fundraising round for Perfint Healthcare
Norwest Venture Partners has led a $7.2 million Series B fundraising round for Indian medical equipment developer Perfint Healthcare Pvt Ltd. with Perfint’s existing investors Accel Partners and IDG Ventures also participating in the financing.
Kleiner Perkins and Sherpalo continue InMobi investments
Kleiner Perkins Caufield & Byers and Sherpalo Ventures have infused $8 million in mobile ad network InMobi as part of a Series B fundraising round.
Qiming Ventures leads $18 million round of financing for LanzaTech
Qiming Ventures has led an $18 million Series B round of funding for New Zealand clean tech firm LanzaTech, while Softbank China Venture Capital and two of LanzaTech’s existing investors from its Series A round - US-based Khosla Ventures and K1W1 from...
Temasek explains, may expand SeaTown role
As part of the release of its annual report, Singapore SWF Temasek Holdings has publicized further details of its new semi-autonomous investment arm SeaTown Holdings, reported as registered in February this year, and may expand the S$4 billion ($2.9 billion)...
Morgan Stanley private equity supremo Trevor leaves
Stephen Trevor, co-head of Morgan Stanley Investment Management and hired in 2006 to head up the new private equity business within the division, is stepping down alongside co-head Stuart Bohart.
Industry Q&A: Glenn Hubbard
AVCJ spoke to Glenn Hubbard, Dean of the Columbia Business School and former Chairman of the Council of Economic Advisers to George W. Bush, about current US attitudes toward private equity investment in Asia.
A schizophrenic industry?
The latest AVCJ Research figures on private equity activity in 2010 show an industry that is powering ahead in precisely the weakest areas for private equity in the West.
GATE says rolling out in Southeast Asia
GATE Technologies, a NYC-headquartered firm seeking to establish a series of online GATE Developing Marketplaces in illiquid securities and alternative assets, including private equity fund positions, has said that it "is in discussions with a Singapore-based...
Citi recruits Goldman's Osmond for ANZ
Citigroup in Australia has recruited Tony Osmond, formerly Goldman Sachs JBWere's local Head of M&A, Natural Resources and Industrials, as its new Head of Investment Banking for Australia and New Zealand, according to reports.
CCB backs PRC's first aviation fund
In partnership with China Aviation Industry Corp., China Construction Bank (CCB) has formally established the country’s first ever aviation-focused industry fund, the AVIC Fund of China.
Temasek annual report shows rebound
Singapore SWF Temasek Holdings' portfolio rebounded to S$186 billion ($134.4 billion) by the financial year ending March 31st 2010 - a figure that is slightly above 2008's S$185 billion ($133.7 billion), and well above 2009's S$130 billion ($94 billion),...
Milestone Religare on track for $200 million raise
Milestone Religare Investment Advisors, the private equity JV between local fund house Milestone Capital and financial services group Religare Enterprises, is on track to launch its $200 million India Build-Out Fund II, with discussions already commenced...
Citi private funds MD Crocker joins Atlantic-Pacific for ANZ
Managing Director of Citi’s Private Funds Group John Crocker has left the bank to join Atlantic-Pacific Capital as Partner in its private funds business, charged with marketing private equity, real estate and infrastructure funds in Australia and New...