Industry
Sunderji quits Guggenheim
Anand Sunderji, hitherto Head of Asset Management and fund-of-funds lead at Guggenheim Capital Management (Asia), has quit his post, and is believed to be planning a venture of his own.
Ramnath gets Multiples first close at $250 million
Multiples Alternate Asset Management, the private equity vehicle launched by former ICICI Venture MD and CEO Renuka Ramnath, has had a first closing at $250 million, against a $450 million target.
Daewoo Electronics goes to Iran's Entekhab
Daewoo Electronics, the consumer electronics arm of defunct chaebol Daewoo Group, is to be sold to Iranian industry peer, Entekhab Industrial Group, after private equity groups repeatedly tried but failed to acquire the asset.
Actis, Goldman, Morgan Stanley's Taizinai collapses with $440 million debts
Actis Capital, Goldman Sachs, and Morgan Stanley investee Hunan Taizinai Group, a PRC dairy company, has gone into provisional liquidation with RMB3 billion ($440 million) in debt.
ADIA appoints Sheikh Hamed as new head
The Abu Dhabi Investment Authority (ADIA) has appointed Sheikh Hamed bin Zayed as its new managing director and head, following the death of his predecessor and brother Sheikh Ahmed bin Zayed in a gliding accident.
Anchorage closes debut Oz fund
Anchorage Capital Partners, a Sydney-based mid-market special situations and turnaround buyouts firm, has announced the close of its debut fund, Anchorage Capital Partners I, at A$200 million ($187 million).
Jafco commits to new Jafco Ventures fund
Japanese investment group Jafco has committed $100 million to launch the fourth fund for its US West Coast VC affiliate Jafco Ventures.
Carlyle Taiwan Mobile deal needs new solution
Taiwan's Taiwan's media and broadcasting regulator, the National Communications Commission, has ruled that the Carlyle Group and Taiwan Mobile must find an acceptable solution to the regulatory problems stalling a planned $1 billion investment.
HKMA new alternatives tilt, KKR investment revealed
The Hong Kong Monetary Authority, Hong Kong's de facto central bank and manager of the territory's c.$1.5 trillion Exchange Fund, will invest more into private equity and hedge funds, having already committed to Kohlberg Kravis Roberts & Co. and other...
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275...
Building a better Asia – public, private, partnerships and profits
Asian infrastructure, the best investment opportunity yet?
Carlyle closes CAP III at $2.55 billion
Tests LP appetite for buyout megafunds and strategy in Asia
Capacity limits in AsiaPac?
A blast from the (recent) past blew in from the US last week, with the news that US investment group Fraser Sullivan had issued the first collateralized loan obligation (CLO) from a major financial house in over a year.
Mid-cap vs buyouts: may the best financing win
The state of Japan’s private equity market
New recruit Chang expands Colony beyond real estate
Points to growing convergence in alternatives space
China's NSSF plans to back five funds
Dai Xianglong, President of the National Council for Social Security Fund, China's $130 billion state LP, has said publicly that the fund has selected five private funds to invest in, with commitments of up to $870 million-1 billion each.
CITIC PE launches USD fund
CITIC Private Equity Funds Management – a separate entity to CITIC Capital Partners – is launching a dollar-denominated private equity fund, following the success of fundraising for its debut RMB vehicle, the RMB9 billion ($1.32 billion) CITIC Mianyang...
IFC supports Aavishkaar Goodwell
The International Finance Corporation (IFC), the private investment arm of the World Bank, has made its latest commitment to India's microfinance space with a $15 million investment in Aavishkaar Goodwell India Microfinance Development Company Ltd., a...
Saban Capital, Lionsgate form Tiger Gate JV
Saban Capital Group, a leading US media and communications investment firm, has partnered with US studio Lionsgate to operate Tiger Gate, the new Asian-focused martial arts, action and horror pay-TV distributor and operator.
Church Pension transfers Ranasinghe from NY to HK
The Church Pension Fund, one of the few US institutional LPs with an office in Asia, has transferred Sajith Ranasinghe, Senior Associate, from the fund's New York office to Hong Kong.
Temasek closes GMR at $200 million
Singapore SWF Temasek Holdings has finally agreed its investment in India's GMR Energy at some $200 million, lower than the $354 million predicted recently.
Citi's Sen cancels move to KKR
Abhijit Sen, CFO and CAO of Citi India, has apparently decided to stay at his post, after announcements earlier this month that he was moving to Kohlberg Kravis Roberts India as its new local CFO.
New Silk Route may take Temasek, Kotak, New Vernon out of INX
New Silk Route Partners has begun talks with fellow investors in India's struggling INX Media, Temasek Holdings, Kotak Private Equity and New Vernon Private Equity, to buy them out of the business.
CIC recruits Peng, Fan, from SOE banks
The China Investment Corporation, China's $300 billion SWF, has engaged Fan Yifei, formerly an executive vice president at China Construction Bank (CCB), as an EVP, as well as Bank of Communications (BoCom) EVP Peng Chun as President of its domestic investment...