Industry
Baring Asia creates sustainability-linked credit facility
Baring Private Equity Asia (BPEA) has secured a $3.2 billion loan to support its private equity platform with interest rate reductions linked to performance against a series of sustainability metrics.
Anchor raises $1.6b for Korea, North Asia
Anchor Equity Partners has closed its fourth Korea and North Asia-focused fund with $1.6 billion in commitments after approximately five months in the market.
AVCJ daily bulletin returns October 15
AVCJ’s daily bulletin will not be published on October 14 due to a public holiday in Hong Kong.
Vision Fund: Big is beautiful?
Previously the sole elephant in Asia’s growth-stage technology space, SoftBank’s Vision Fund program is now one of a herd. Prevailing amid increased competition may prove its thesis once and for all
3Q analysis: India advances
India technology investment continues to ramp up as China flatlines; international payments M&A drives Asia trade sale revival, but IPOs slump; fundraising remains slow
Q&A: Glow Capital Partners' Justin Ryan
Having teamed up with the founder of Adore Beauty to launch Glow Capital Partners, Justin Ryan discusses life after Quadrant Private Equity, growth-stage investment in Australia, and gender balance
Fund focus: Yunqi reaffirms its enterprise focus
Yunqi Partners was the first Chinese GP dedicated to enterprise services and now claims to be the largest early-stage investor in the space. SaaS, in various forms, will account for the bulk of Fund III
Stonebridge Ventures targets Korea IPO
Stonebridge Ventures, a Korean venture capital firm with more than KRW700 billion ($595 million) in assets under management, has filed to list on KOSDAQ.
China's Yunqi closes third US dollar fund at $300m
Yunqi Partners, an early-stage investment firm focused on enterprise software and services in China, has raised $300 million for its third US dollar-denominated fund.
KKR announces CEO succession
Joe Bae, who was responsible for establishing KKR’s Asian operation, has been named co-CEO of the firm as co-founders Henry Kravis and George Roberts complete the handover to the next generation.
China's Source Code raises $1.1b renminbi fund
Chinese venture capital firm Source Code Capital has raised RMB7 billion ($1.1 billion) for its fifth renminbi-denominated fund after approximately three months in the market.
China in six trends
Key themes in China private equity fundraising, investment, and exits
China Renaissance hits first close on flagship US dollar fund
Huaxing Growth Capital, a new economy-focused private equity division of China Renaissance, has reached the first close on its fourth US dollar-denominated fund of $550 million.
Alteria closes India venture debt fund at $241m
Alteria Capital has closed its second India venture debt fund at INR18 billion ($241 million), beating a target of INR15 billion. All the money was raised by video call.
Goodwin strengthens Asia fund formation team
Goodwin has recruited Phil Culhane and Elyn Xing, who previously worked together at Simpson Thacher, as Asia-based partners in its private investment funds practice.
CDC backs Gobi's Pakistan fund
UK development finance institution CDC Group has provided an anchor commitment of undisclosed size to a Pakistan VC fund targeting $20 million from Gobi Ventures and local conglomerate Fatima Group.
India PE stalwart Ajay Relan dies aged 67
Ajay Relan, one of the pioneers of private equity in India, has died at the age of 67.
EQT recruits Japan private equity head from JPIC
EQT has hired Tetsuro Onitsuka, formerly of Japan Post Investment Corporation (JPIC) and TPG Capital, as head of Japan private equity as it continues to build out a local presence in the country.
Ex-Quadrant executive launches consumer-tech PE firm
Justin Ryan, who previously led Quadrant Private Equity’s growth capital strategy, has established a private equity firm that will back e-commerce platforms and consumer brands in Australia and New Zealand.
AVCJ daily bulletin returns October 4
AVCJ's daily bulletin will not be published on October 1 due to the public holiday in Hong Kong marking China's National Day.
Deal focus: Southeast Asia's four-trick credit pony
Advance Intelligence Group has used its core risk assessment technology to expand into lending and e-commerce transaction finance and services. Membership of Southeast Asia’s unicorn club is its reward
Australia PE: Brave new world
As Australia contemplates opening its tightly controlled borders and finding a way to live with COVID-19, private equity probes an opportunity set in transition yet surprisingly stable
GP profile: Advent Partners
Having spent the first half of the last decade undergoing a renewal in terms of leadership and strategy, Australia’s Advent Partners believes it has emerged stronger, smarter, and more focused on the future
Deal focus: Investors flock to SaaS specialist Ones
China’s Ones aspires to become Atlassian rather than Slack, catering to software developers working on complicated projects. Effective localization is partly responsible for a surge in VC investment