Industry
Q&A: C Ventures' Ben Cheng
Ben Cheng, a managing partner of C Ventures, mixes lifestyle trends and corporate VC as he helps Adrian Cheng, scion of Hong Kong’s New World Development, usher the family empire into a digital future
China launches Beijing Stock Exchange
China has set up its first new bourse since the Shanghai and Shenzhen exchanges in 1990. Beijing Stock Exchange is expected to facilitate exits for small to medium-sized enterprises (SMEs).
CDC spinout seeks $500m for India secondaries fund
Stratford House Advisors, an India-focused secondaries investor established by two former executives from CDC Group, is looking to raise $500 million for a dedicated country fund.
China's Baidu Ventures closes $400m fund
Baidu Ventures (BV), a venture capital firm established by Chinese internet giant Baidu, has raised $400 million for its third US dollar-denominated fund.
Japan's Coral Capital raises $127m for latest VC fund
Japan’s Coral Capital has confirmed a first and final close of JPY14 billion ($127.4 million) for its third venture capital fund. The vehicle is more than twice the size of its predecessor.
China promises clampdown on illegal PE fundraising
China’s securities regulator has pledged to crack down on illegal domestic private equity fundraising, specifically products that managers claim are aimed at qualified investors but they in fact distribute to the retail market.
Elliott backs Olympus Capital Asia continuation fund
Elliott Management is supporting a $450 million restructuring of Olympus Capital Asia’s third fund, which involves taking out a profit participation loan held by Canada Pension Plan Investment Board (CPPIB) as well as buying standard positions from other...
AGIC raises $1.2b for second Europe-Asia fund
AGIC Capital, a private equity firm that focuses on cross-border investments along the China-Europe axis, has closed its second fund with $1.2 billion in commitments.
CVC hires Affinity's ex-Australia head
CVC Capital Partners is returning to the Australia market with the recruitment of Brett Sutton, formerly of Affinity Equity Partners, as country chair.
Secondaries: Straight outta Asia
The growing secondaries opportunity in Asia is attracting more global capital, but managers with strategies dedicated to the region are few. This is changing, albeit gradually
GP profile: China Renaissance
China Renaissance’s technology-focused investment business has grown from nothing to $9.5 billion in seven years. The firm wants to remain a boutique operator rather than embrace all stages and strategies
Australia's Quadrant raises $390m for second growth fund
Quadrant Private Equity has closed its second Australia and New Zealand-focused growth capital fund with A$530 million ($390 million) in commitments.
India's Prime Venture reaches $75m first close on Fund IV
Prime Venture Partners has reached a first close of $75 million on its fourth India-focused VC fund. The overall target is $100 million.
AVCJ Awards 2021 - nominations have closed
Nominations for the 2021 AVCJ Private Equity & Venture Capital Awards have now closed. Many thanks for your participation.
China's Dayone Capital closes debut fund at $630m
Dayone Capital, a Chinese consumer-focused PE firm established by Allen Chen, founder of eyewear brand Mujosh and co-founder of BA Capital, has closed its debut fund at $630 million.
India's 3one4 names new partner
Indian venture capital firm 3one4 Capital has elevated Anurag Ramdasan to partner level, alongside a rush of more junior promotions.
Blockchain: Going mainstream
The most disruptive technology in financial services is also the most esoteric and misunderstood. As a long, speculative uptake phase unfolds, investors are coming to terms with the future
Inspiration Capital hits first close on debut China fund
Inspiration Capital Partners, a China-focused private equity firm established by investment professionals from Vivo Capital and Goldman Sachs, has reached a first close of approximately $65 million on its debut US dollar-denominated fund.
Singapore's Antler opens Korea office
Antler is extending an aggressive expansion with the opening of a Korean office. The Singapore-based incubator and VC investor has set up 11 overseas bases since its inception in 2017.
India's Dream Sports launches $250m corporate VC fund
Dream Sports, operator of India’s largest fantasy sports platform, has established a $250 million venture capital unit that will invest in sports, gaming, and fitness-tech start-ups nationwide.
Lazard makes senior private capital advisory hire in Asia
Lazard has recruited Patrick No, formerly head of Asia financial sponsors coverage at Credit Suisse, as a managing director in its private capital advisory group.
DSG recruits ex-Singha executive as Southeast Asia head
DSG Consumer Partners, which focuses on early-stage consumer investments in India and Southeast Asia, has appointed Sameer Mehta as an investment director and head of Southeast Asia.
Taiwan's AppWorks raises $150m for Fund III
AppWorks, a Taiwan-based venture capital firm and accelerator that also covers Southeast Asia, has closed its third fund at the hard cap of $150 million, taking its total assets under management to $212 million.
Kedaara surpasses $1b for third India fund
India-focused middle-market private equity firm Kedaara Capital has closed its third fund at just under $1.1 billion, spurred by strong performance from its debut vehicle.