Industry
Asst Treasurer Sherry cites “fair and equitable” tax in Oz Forum
Australia’s Assistant Treasurer, Senator the Hon. Nick Sherry, repeatedly referred to Australia's desire to promote a "fair and equitable tax system," as he opened the AVCJ Private Equity & Venture Forum \ ANZ 2010 in Sydney.
Shanghai licenses Fosun-Carlyle RMB fund
The Carlyle Group and Fosun Group have obtained a business license from the Shanghai Administration of Industry and Commerce (SHAIC) to operate their JV Fosun-Carlyle (Shanghai) Equity Investment Fund, which is now officially allowed to make investments...
Ex Och-Ziff, Goldman MD Yu plans Themes China fund
Frank Yu, formerly an MD with Och-Ziff Capital Management and also with Goldman Sachs, is reportedly planning to raise a $500 million China-focused first fund for his own private equity startup, Themes Investment Partners.
CITIC and Fubon form new leasing company
Taiwan's Fubon Venture Capital and CTTIC Asset Management have jointly establishment a leasing company in China, representing the first cross-Taiwan financial partnership after the recent memorandum of understanding on cross-Strait cooperation in financial...
Industry Q&A: Andrew Legge, Dragon Capital
Christina Kautzky speaks with Andrew Legge, Director at Dragon Capital, about why Vietnam is off to a slow start this year, how LPs view the market, and where private equity opportunities lie.
Australia: Ripe for mezz
Mezzanine may increase its presence in Australia, but not overnight
Australian market prospects: Clear roads ahead?
Investment opportunities in an uneven economy: Part 2
Carlyle partners with Fosun for JV, RMB fund
Co-investment, access advantages
Religare-backed Northgate said readying fifth fund
US private equity fund-of-funds firm Northgate Capital, recently invested by Indian financial services group Religare Enterprises, is reportedly readying its fifth investment vehicle, Northgate Capital V LP.
Temasek's Thai assets fall after Thaksin ruling
Listed assets in Thailand owned by Singapore SWF Temasek Holdings fell after a Thai court ruling that ex-prime minister Thaksin Shinawatra had abused his office to benefit entities of Shin Corp., the telecoms group linked to his family that was controversially...
Abu Dhabi's Invest AD targets $400 million
Abu Dhabi's Invest AD is seeking to raise $400 million for its second fund targeting opportunities in Middle East and North Africa, with up to $325 million drawn from third party investors.
Alibaba's Ma plans to form fund
Jack Ma, founder, chairman and CEO of Alibaba.com, one of the largest B2B online marketplaces in China, and PRC celebrity netrepreneur, reportedly is planning to form a $200 million VC fund for investing in Chinese companies.
CalPERS could cut forecast projections
In an unprecedented move by the US’s largest pension fund, the California Public Employees’ Retirement System (CalPERS) may lower the projected rate of return for all stocks, bonds and other holdings from 7.75% to 6%.
Temasek issues $1.4 billion in bonds
The recent move by Singapore SWF Temasek Holdings to issue S$2 billion ($1.42 billion) in bonds could have meaningful implications for other major groups considering debt issuance.
Spring Capital announces second close, deal
Spring Capital Asia, the independent Greater China private equity firm formed by former JAFCO Head of North Asia Vincent Chan, has announced a $184 million second close of its debut Spring Capital Asia Fund, plus an investment in a wind power company...
Blackstone secures three LPs for RMB fund
US investment giant the Blackstone Group has reportedly secured three investors for its first RMB fund; one of them reportedly the National Social Security Fund (NSSF), the PRC’s fast-growing national pension fund.
China Everbright to partner on new energy RMB fund
China Everbright Ltd. and four local enterprises from Jiangyin city in Jiangsu province in eastern China, plan to launch an RMB3 billion ($ 440 million) fund focused on new energy projects and resources.
CalPERS plans to reduce relationships
Major US LP the $203 billion California Public Employees’ Retirement System (CalPERS) is planning to reduce its number of GP relationships, in a bid to improve returns and cut costs.
Korea's NPS made 10% return in 2009
South Korea’s $241 billion National Pension Service (NPS), the nation’s biggest LP, boosted its returns last year, posting a 10% return on assets in 2009, according to South Korea’s welfare ministry, following an 0.2% loss in the year before.
MGPA first fund wound up
Macquarie Global Property Advisors (MGPA), the private equity real estate investment group launched by Australia’s Macquarie has wound up its debut $480 million Global Fund I, launched in 1999 targeting Europe and Asia.
Evercore buys Neuberger placement group
US boutique investment bank Evercore Partners has announced the acquisition for an undisclosed sum of the Private Funds Placement Group of $173 billion asset manager Neuberger Berman, formerly the asset management arm of Lehman Brothers.
Aureos plans Singapore office, citing tax, costs, regulation
Aureos Advisers, also known as Aureos Capital, the emerging markets-focused private equity investor, is apparently opening a new Asian head office in Singapore, in a move partly driven by high taxes, regulatory burden and heavy costs in the UK.
Desai quits E&Y to raise ENAM infra fund
Jayesh Desai, hitherto senior partner and National Director for Infrastructure, Real Estate and Government at Ernst & Young in India, is leaving E&Y to join brokerage and asset management group ENAM, where he will launch an infrastructure fund.
Carlyle partners with Fosun for RMB fund, JV
The Carlyle Group has signed a strategic partnership agreement with Fosun Group, the largest privately-owned investment conglomerate in China, to enhance their investment activities in the Greater China market. Both firms will jointly sponsor and manage...