Industry

CIC states US public position

The PRC’s $300 billion SWF giant the China Investment Corporation (CIC) has disclosed its $9.63 billion of public markets positions in US businesses through a filing with the US Securities and Exchange Commission, while reiterating its preference to...

Oz media rebates may help PE investees

Rebates announced by the Australian government for the next two years on the license fees that commercial free-to-air broadcasters pay to the state may prove a lifeline to hard-pressed private equity investors in the sector. Australia’s channels Seven,...

Affinity not raising new fund

Notwithstanding earlier incorrect media reports, leading independent regional buyout firm Affinity Equity Partners has no plans to start raising a new fund this year.

Mahindra loads up PE arm

Mahindra Partners, the new private equity arm of Indian conglomerate the Mahindra Group, has gathered non-core group assets with a combined turnover of $500 million under its umbrella, including Mahindra Logistics, Mahindra Ocean Blue Marine and Mahindra...

Axis Bank to cater to family offices

In an attempt to capture the growing family office market, Axis Bank is planning to offer an all-inclusive service for India’s ultra-high-net-worth individuals or families with assets exceeding Rs100 crore ($22.5 million).

CIC enters Apax's "closed" Europe VII fund

China Investment Corporation (CIC), China's $300 billion sovereign wealth fund, has reportedly invested €685 million ($952 million) in Apax Partners' Apax Europe VII, a €11.2 billion ($15.5 billion) buyout fund that was ostensibly no longer open to...

Philip Bilden of HarbourVest Partners

Philip Bilden, Managing Director for Asia Pacific at influential fund of funds HarbourVest Partners, talks about the firm's investment strategy and the relative attractions of different regional markets.

RHJ sold partial stake in Japanese auto play U-Shin

RHJ International, the Belgium-based holding company operated by US buyout firm Ripplewood Holdings, has sold about half of its 20% stake in U-Shin, Ltd., a Japanese manufacturer of electrical auto components, for ¥1.9 billion ($20.85 million).

Jonathan Zhu of Bain Capital

Jonathan Zhu, Managing Director at Bain Capital Asia, speaks about the firm's position on control and minority stakes, Bain Capital's market entry strategy, and the firm's plans for investing in 2010.

Ashurst appoints Moroz, Davies for Asian funds

London-headquartered international law firm Ashurst LLP has made two private equity-related appointments for Asia, with the appointment of Dean Moroz and Mark Davies as Counsels in Hong Kong and Singapore respectively.

Sovereign risk overtakes sovereign wealth?

As the echoes of President Barack Obama’s thunderbolt against the banks, hedge funds and private equity continue to reverberate around financial circles, greater uncertainty – rather than certain doom – seems to be about to rain down on us.

New Horizon rumored at $1 billion

Co-founded by the Chinese Prime Minister’s son, Wen Yunsong, PRC-focused private equity fund New Horizon Capital is fundraising for its third fund, originally targeting $500 million but now rumored to be looking at hitting the $1 billion mark.

First Eastern launching Dubai fund

Victor Chu’s First Eastern Investment Group is planning a $250 million private equity fund to focus on investments in Dubai, aiming to assist local businesses starved of capital since the Gulf economy’s sudden collapse.