Industry
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...
Pantheon cites 'ownership culture' in sale to AMG
Pantheon Ventures, the London-headquartered international fund of funds manager, and longstanding pioneer of investment in Asian GPs, gave AVCJ some further insights into its recently-announced $775 million cash sale by Russell Investments to NYSE-listed...
CIC commits $1.5 billion to secondaries
China’s $300 billion sovereign wealth fund, the China Investment Corporation (CIC), has forayed into the fast-developing secondary market by investing $1.5 billion in total in three specialist secondary funds in the West.
Unison resets controls, salaries
After the tragic incident last year when one of its former partners died just after an official investigation, Japanese buyout firm Unison Capital is planning to move forward by strengthening its internal control systems to prevent any misconduct by its...
Industry Q&A: Matthew Arkinstall, Greenpark Capital
Matthew Arkinstall, Investment Director at leading secondaries specialist Greenpark Capital, gives his view of the current investment environment in Australia.
Private equity and corporate power
From time to time, all kinds of interesting documents cross our desks at AVCJ. One such recent one was a fundraising proposal from a prominent, high-profile and rapidly expanding Asian branded business, seeking to raise a follow-on private equity fund...
Religare buys into Northgate
Religare Enterprises, the Indian financial services group, has announced an investment in US private equity fund-of-funds firm Northgate Capital, for a reported 60% controlling stake in the firm's management company.
Gulf Capital closes second fund oversubscribed
MENA private equity pioneer Gulf Capital has closed its second fund, GC Equity Partners II, at $533 million, the Middle East's largest closing for 2009.
Stokes Seven deal bets against media
Australian billionaire Kerry Stokes has merged publicly-listed media group Seven Network, which he co-owns with Kohlberg Kravis Roberts & Co., with his unlisted heavy machinery and mining business WesTrac, in an A$1 billion ($900 million) all-share deal....
ADB plans cleantech fund
The Asian Development Bank reportedly plans to raise at least $100 million in a private equity fund for investing in developers of advanced clean energy technologies in Asia Pacific.
Spain reinserts EU AIFM draft restriction
Spain, recently replacing Sweden in the presidency of the European Council, has reinstated the restrictive Article 35 provision in the draft EU Alternative Investment Fund Managers (AIFM) rules, which would restrict non-European managers from marketing...
ARC, Dalian launch maiden RMB fund
Dalian, a major city in northwestern China, will establish its first joint private equity fund with ARC China, a wholly-owned foreign enterprise focusing on investing in China's domestic consumption-oriented companies.
Unison Capital strengthens internal controls
Unison Capital, the Tokyo-based buyout firm, has implemented new measures including a ban on Japanese equities trading, while it reviews information security policies to tighten its internal control systems, after a former partner, Kenichi Kiso, was confirmed...
SBI plans second cleantech fund
Japanese financial services group SBI Holdings plans to raise ¥30 billion ($332 million) for a second venture fund with a special focus on Asia’s clean technology sector, forecasting an expected IRR of 25-30%.
NZ Direct Capital closes Fund IV
New Zealand private equity and venture capital investor Direct Capital has announced the close of its Direct Capital IV fund at NZ$325 million ($250 million), well above the fund's NZ$250 million ($175 million) target.
Augentius opens Mauritius office for India
Fund management specialist Augentius has been authorized by regulators to open an office in Mauritius to serve Mauritian-domiciled private equity funds.
Pantheon sold to AMG for $775 million
Pantheon Ventures, the UK-originated global fund-of-funds manager, has been sold for some $775 million in cash by Russell Investments, its owner since 2004, to Affiliated Managers Group (AMG), a US asset management firm coordinating a network of affiliates...
Bocom launching $500 million offshore fund
Leading Chinese lender Bank of Communications (Bocom) is reportedly rolling out a USD-denominated China-focused offshore private equity fund through its Bocom International Asset Management arm, targeting $250-500 million.
CITIC Capital Partners closes ahead on $925 million
CITIC Capital Partners, the private equity arm of China’s CITIC Capital Holdings Ltd., has had a final close on its second buyout fund at $925 million, exceeding its original target of $750 million.
Axis spinout may set trend in India
Axis Private Equity, led by MD and CEO Alok Gupta, has confirmed earlier Indian media reports that it is planning to spin out of backer and parent Axis Bank, by buying out its stake in the business.
Industry Q&A: Benjamin Fanger
Benjamin Fanger, co-founder and MD of China-focused distressed investment fund Shoreline Capital Management, speaks to AVCJ’s Christina Kautzky
Dubai Asian asset exits may attract private equity
Dubai government-linked investment funds are shedding some of their Asian assets, with Emaar Properties reportedly hiring Singapore's DBS Bank to sell local sports retailer RSH Holdings, owner of the Royal Sporting House chain, valued at around $164 million....