Industry
Raghavan sets up Steer Capital
Former Goldman exec and more recently head of India for Candover, Harsha Raghavan has announced the establishment of Steer Partners, rumored to be a partnership with WNS (Holdings) Ltd co-founder Neerj Bhargava.
Quam creates Xi'An JV RMB VC fund
Hong Kong-headquartered financial services group Quam Ltd. has signed a framework agreement with official investment agencies in Xi’An, Shaanxi province, to create an RMB venture capital fund for local investment.
China Pacific raises $3.1 billion as Hopu anchors Carlyle exit
The Hong Kong IPO of China Pacific Insurance raised $3.1 billion in the world’s seventh largest listing of 2009, securing roughly a 5x profit for the Carlyle Group on its total investment of around $800 million between 2005 and 2007.
CalPERS supports placement lobbyist status
The board of US LP giant the California Public Employees' Retirement System (CalPERS) has voted to back draft California state legislation compelling placement agents seeking business from public pension funds to register as lobbyists.
China giants put their best fund forward
Amid unparalleled interest in the evolution of China’s domestic private equity environment, two major PRC financial institutions have announced progress in forming their own private equity funds.
Japan's monster new LP
The tentative merger of Sumitomo Trust & Banking Co. and Chuo Mitsui Trust Holdings Inc., will power up their private equity allocations in Japan after both banks consolidate assets to create the largest trust bank in Japan.
ILPA principles are emerging winners
Leading development finance institutions have lined up to endorse the Private Equity Principles recently promulgated by the Institutional Limited Partners Association (ILPA) – a strong signal for GPs and advisors across Asia Pacific that the principles...
CalPERS commits to SAIF
Leading US LP the California Public Employees' Retirement System (CalPERS) has reportedly agreed to commit $120 million to SAIF Partners IV, the new fund being raised by SAIF Partners for growth capital and late-stage VC investments in China and India....
Berkeley raises $74.3 million for renewables
Specialist energy Berkeley Energy has had a first close of their Renewable Energy Asia Fund at €50.7 million ($74.3 million), which plans to invest in renewable energy projects in India and other markets across developing Asia.
A tale of two markets
As the year end approaches and deal teams coast to a gentle standstill before Christmas, fundraising developments bulk large in the headlines, and industry talk augurs more to come.
Australian Catholic Super invests Partners Group, Lexington
The Australian Catholic Superannuation and Retirement Fund (ACSRF) – which recently changed its name from the Catholic Superannuation and Retirement Fund – has reportedly made two new private equity commitments of A$50 million ($46.3 million).
PRC State Council makes new partnership rule
China’s State Council has announced a new rule, ‘Administrative Measures on Partnership Enterprises Established by Foreign Enterprises or Individuals,’ that will allow foreign entities to form partnerships in China, with local entities or independently....
LP mythbusters miff GPs?
Another week: another milestone along the fundraising trail.
LPs lose love for private equity?
The winter 2009-10 edition of the Coller Capital Global Private Equity Barometer suggests that international investors’ perceptions of private equity as an asset class have taken a sharp lurch downwards since the global financial crisis broke.
Macquarie plans Korea infrastructure fund II
Macquarie Group is reportedly looking to launch a new infrastructure vehicle in Korea, Macquarie Korea Opportunities Fund II, as a follow-on to its successful Korean infrastructure fund, potentially targeting up to $1 billion.
Chepstow team builds on shared mid-market experience, strategy,
Vincent Warner and Josephine Price’s recently launched Chepstow Capital has drawn key players from both of their former firms.
MEACP plans clean shariah fund tranche
Singapore- and Indonesia-based investment firm Middle East & Asia Capital Partners Pte. Ltd. (MEACP), founded by former EMP Bahrain head Mumtaz Khan, is reportedly aiming to add a shariah-compliant component to its Middle East & Asia Capital Partners...
PRC central government announces VC fund plans
China’s central government has announced on the State Council website its plans for national-government-backed VC funds, to operate alongside local government and private funds.
ACCION invests Saija Finance
Microfinance investor ACCION International has made its fourth investment in India
3i targets Asia as shares slide
UK-headquartered LSE-listed private equity major 3i Group saw its stock slide by some 6.5% after its latest figures for its net asset values per share missed estimates
Fundraising shows signs of life – but not as we know it?
Fundraising seems to be showing life at last, but in some unfamiliar forms.
Aureos launches new Southeast Asia SME fund
Leading emerging markets investor Aureos Capital Ltd. has announced the launch of its new Aureos Southeast Asia Fund II (ASEAF II), a vehicle targeting $250 million for investment into Southeast Asia’s small-to-mid-cap businesses.
Daiwa Quantum reaches $80m first close
Daiwa Quantum Capital, the private equity joint venture between Daiwa Securities SMBC Principal Investments and Quantum Leaps, has made its first close at $80 million for its debut fund.