Industry
Fundraising talent: New calls of duty
The trend toward more stringent due diligence in recent years has maximized fundraising complexity at a time when the professionals involved must adapt to unfamiliar virtual forums
COOs in Asia private equity: Horses for courses
The COO role is gradually becoming more prevalent in Asian private equity, but GPs struggle to find the right combination of financial skills and business acumen. The optimal candidate is often internal
B Capital launches SPAC
B Capital Group, a US-based venture capital firm with a presence in Singapore and a significant Asia portfolio, is looking to raise $300 million for a special purpose acquisition company (SPAC).
KKR loses managing director in Singapore
Terence Lee, a managing director at KKR who leads technology, media and telecom (TMT) and growth equity investments in Southeast Asia, has left the firm.
India's Avataar raises $100m top-up fund
Avataar Ventures, an India-based enterprise software investor that spun out from Norwest Venture Partners in 2019, has raised a $100 million opportunities fund that will do follow-on rounds for existing portfolio companies and make some new investments....
Hamilton Lane secures Asian support for global secondaries fund
Hamilton Lane has closed its fifth global secondaries fund on $3.9 billion, with Asian LPs accounting for 17% of the corpus.
Ex-KKR executive to lead Indonesia's sovereign wealth fund
Ridha Wirakusumah, whose previous roles include serving as a director for Southeast Asia at KKR, has been chosen to lead Indonesia's new sovereign wealth fund.
Vintage update: India 2011-2013
A selection of India-based assets that remain in the portfolios of Accel Partners, Aditya Birla Private Equity, BanyanTree Finance Private, Faering Capital, and Helion Venture Partners
Deal focus: Potentia exits Ascender, closes debut fund
Potentia Capital's debut fundraise was given extra impetus by an impending exit from Australia-based software provider Ascender, which delivered a 30x return
Myanmar: Coup confusion
Myanmar's isolationism is likely to be harder to maintain this time should the military seek a return to its old ways. Investors are watching and waiting, but should they also be considering the ESG implications?
BRICS bank commits $100m to India state-backed fund-of-funds
NIIF Fund of Funds, a rupee-denominated fund-of-funds vehicle anchored by the Indian government, has reached the $800 million mark following a $100 million commitment from the country’s New Development Bank (NDB).
India Quotient seeks $80m for Fund IV
India Quotient, a venture capital firm known for making seed-stage investments in the likes of ShareChat, Sugar, and Lendingkart, is targeting $80 million for its fourth fund.
Asia to play larger role in Eurazeo's second smart city fund
Asia is expected to feature more prominently – in terms of investors and investments – in Eurazeo’s second smart city venture capital fund, which has reached a first close of EUR80 million ($97 million).
Cathay appoints executive president, makes partner promotions
Cathay Capital has announced a spate of global personnel appointments in private equity and venture capital, including the naming of Arthur Yeung as executive president.
Iron Pillar co-founder launches India venture growth firm
Sameer Nath, co-founder and a managing partner at Indian VC firm Iron Pillar, has spun out to form TrueScale Capital, which will follow a similar venture growth remit.
AVCJ daily bulletin returns February 16
AVCJ's daily bulletin will take a short break for the Lunar New Year holiday. Publication will resume on February 16.
Quadrant becomes first Asia GP to make HEC top 10
Quadrant Private Equity has become the first Asia Pacific-based manager to make the top 10 in the HEC-Dow Jones Private Equity Performance Ranking.
Temasek CEO steps down
Ho Ching, CEO of Singapore’s Temasek Holdings will step down from the government-controlled investment fund effective October 1. She will retire her board seat on the same date.
Eastern Bell seeks $600m for second US dollar fund
Eastern Bell Capital, a Chinese private equity firm that focuses on supply chains and logistics businesses, has set a target of $600 million for its second US dollar-denominated fund.
China's Yunqi promotes Yu Chen to partner
Chinese venture capital firm Yunqi Partners has promoted Yu Chen - who specializes in big data, cloud computing, autonomous driving, and robotics investments - to partner.
L Catterton recruits SE Asia, India leadership
Consumer-focused private equity firm L Catterton has recruited Yock Siong “Song” Tee and Anjana Sasidharan to leadership positions in Southeast Asia and India, respectively.
PE-backed Luckin files for bankruptcy in the US
Chinese coffee shop chain Luckin Coffee, which has several private equity backers, has filed for bankruptcy protection in the US to aid its restructuring efforts following the emergence of a sales fraud last year.
Fund focus: TR raises $350m for China-heavy secondaries strategy
Having closed its fourth fund at the hard cap of $350 million, Asia secondaries specialist TR Capital expects to go deep into China fund restructurings, taking out renminbi investors onshore and offshore
NZ Super to back Pioneer's fourth fund
Auckland-based private equity firm Pioneer Capital has received a cornerstone commitment of NZ$100 million ($72 million) for its fourth fund from New Zealand Superannuation Fund (NZ Super).