Industry
IFM's decarbonisation credentials attract Australian LPs
Australia’s Clean Energy Finance Corporation (CEFC) has committed AUD 80m (USD 57.5m) to IFM Investors’ mid-market growth fund, which achieved a second close of AUD 380m at the end of 2021.
Blue Owl recruits Pak-Seng Lai from UBS
Blue Owl Capital, a US alternatives manager expanding its Hong Kong operations, has hired Pak-Seng Lai, a managing director at UBS, to head its Asia Pacific private wealth business.
India's Chiratae seeks USD 700m for VC, growth funds
Chiratae Ventures is looking to raise USD 700m for deployment in India’s technology sector with the addition of an opportunity fund – to participate in mid to late-stage rounds – alongside its core VC vehicle.
Singapore's Sylvan buys four local healthcare companies
Sylvan Group, a Singaporean private equity firm set up by Hyundai scion Kyungsun Chung, has acquired majority stakes in four local healthcare companies for USD 140.5m. These represent its first investments.
US GP invests $30m in Australia's Protecht
US venture capital and private equity firm Arrowroot Capital has invested AUD 42m (USD 30m) in Australian enterprise risk management software and services provider Protecht Group.
Australia impact GP hits $48m first close on debut fund
Australian impact investment firm For Purpose Investment Partners (FPIP) has reached a first close of AUD 67m (USD 48m) on its debut fund, which has an overall target of AUD 250m.
LP interview: Adams Street Partners
Adams Street Partners believes having a close-knit Asia team, which cuts across geographies, sectors, and stages, informs a big-picture view that enables it to look beyond near-term dislocations
AVCJ Awards 2021 special issue available for download
A special issue of AVCJ profiling the winners of the 2021 AVCJ Private Equity & Venture Capital Awards is now available for download.
Fund focus: Ion Pacific goes institutional
Pitching a niche VC capital secondaries strategy with a meaningful focus on Asia isn’t easy, but Ion Pacific raised nearly 4x more than last time with large family offices well-represented in the LP base
AVCJ Awards 2021: Firm of the Year – Large Cap: Baring Private Equity Asia
Baring Private Equity Asia claims that a thematic approach to origination and flexibility on deal structure allow it to pursue opportunities with greater conviction in a high-valuation environment
KKR to raise Asia growth fund in 2022
KKR expects to raise a growth-stage fund in Asia – first flagged more than two years ago – in 2022 as part of ongoing efforts to boost its presence in the region across multiple strategies.
Altara raises $130m for Southeast Asia VC fund
Altara Ventures, a Singapore-based firm set up in 2020 by Boon Hwee Koh, former chairman of Singapore Airlines, Singapore Telecom, and DBS Bank, has closed its debut fund at USD 130m.
Monk's Hill names new partner in Indonesia
Singapore-based Monk’s Hill Ventures has appointed Jakarta native Susli Lie as a partner responsible for building the firm’s Indonesia business.
Coller secures $1.4b for global credit secondaries fund
Coller Capital has raised approximately USD 1.4bn for its debut global private credit secondaries fund, said to be the largest pool of capital dedicated to the strategy.
Indonesia's AC Ventures hires Helen Wong as venture partner
Helen Wong, previously a China and Southeast Asia-focused partner at GGV Ventures and Qiming Venture Partners, has joined Indonesia’s AC Ventures as a senior advisor and venture partner.
Korea's Envisioning Partners raises $64m climate tech fund
Envisioning Partners, a Korean impact venture capital firm set up last year, has raised KRW 76.8bn (USD 64m) for a climate-focused tech fund, beating a target of USD 60m.
Australia's Quadrant recruits KKR managing director
Australian mid-market GP Quadrant Private Equity is adding a fourth managing partner with the recruitment of Gareth Woodbridge from KKR.
Oriza raises $660m for China semiconductor fund
Oriza Puhua, a China semiconductor-focused strategy under Oriza Holdings, has raised CNY 4.2bn (USD 660m) for its third renminbi-denominated fund.
AVCJ Awards 2021: Special Achievement: Weijian Shan
Weijian Shan, CEO of PAG, discusses rising valuations, the implications of China’s regulatory crackdown, heightened sensitivity around social responsibility, and escalating fund sizes
AVCJ Awards 2021: Firm of the Year – Mid Cap: Quadrant Private Equity
Quadrant Private Equity’s recent deals have focused on defensive, non-cyclical sectors, but the Australian GP continues to track a consumer story driven by technology and new modes of delivery
AVCJ Awards 2021: Fundraising of the Year - Venture Capital: 5Y Capital
5Y Capital’s history encompasses early bets on change across mobile internet, smart cars, and biotech in China. The VC firm remains committed to challenging consensus views
Q&A: AirTree Ventures' John Henderson
Q&A: AirTree Ventures’ John Henderson DECK Australia-based AirTree Ventures has established a crypto-focused vehicle alongside its latest fund. John Henderson, a partner at the firm, explained how they think about the Web3 opportunity
Gobi-managed Alibaba Entrepreneurs Fund hits first close
Alibaba Entrepreneurs Fund II, a Greater Bay Area-focused vehicle managed by Gobi Partners, reached a first close of USD 100m at the end of June 2021 and total commitments now stand at USD 120m.
Australia's AirTree collects $494m for fourth fund
AirTree Ventures has completed the largest-ever venture capital fundraise in Australia and New Zealand, gathering AUD 700m (USD 494m) across three vehicles.