Industry
India-China regulation: Punching bag
Chinese venture capital investors have become an increasingly significant presence in India’s venture capital ecosystem, but a recent regulatory reform calls their participation into question
KDB, K-Growth commit $2b to Korea VC ecosystem
State-owned Korea Development Bank (KDB) and Korea Growth Investment (K-Growth), a fund-of-funds, have jointly committed KRW2.5 trillion ($2 billion) to the local VC ecosystem.
Virtual realism: Realizing investments remotely
Does Capricorn Capital's recent acquisition of a Hong Kong corporate services business, which was negotiated and transacted via Zoom, represent the future of dealmaking? Only if due diligence processes are uncompromised
Raphael Arndt becomes CEO of Australia's Future Fund
Raphael Arndt has been appointed CEO of Australia’s Future Fund, succeeding David Neal, who departed earlier this year to lead IFM Investors.
PEP looks to cut OPTrust into Zenith Energy deal
Pacific Equity Partners (PEP) wants to bring OPTrust into its bid for Australia-listed off-grid power provider Zenith Energy after the Canadian pension fund built up a sizeable position in the company.
KKR reassured by heavy Asia PE exposure as pandemic eases
KKR sees its significant exposure to Asia – which accounts for more than 30% of the firm’s overall private equity portfolio – as a source of strength as the region appears to be emerging from the coronavirus pandemic faster than the US and Europe.
Q&A: Viola Ventures' Ronen Nir
Ronen Nir is a general partner at Viola Ventures, an early-stage technology investor under Israel’s Viola Group looking to expand its presence in Asia
LP interview: Roc Partners
Having transitioned from a locally focused fund-of-funds into pan-Asian multi-strategy investor, Roc Partners is finding new ways to branch out in the current downturn
Indian industry body proposes $3.3b state VC fund for start-ups
The Startup Association of India (SAI) has called on the government to bolster an existing state-backed venture capital fund and commit INR250 billion ($3.3 billion) to local companies.
Japan's Jafco raises $67m for debut Taiwan fund
Japanese VC firm Jafco has closed its debut Taiwan fund at approximately NT$2 billion ($67 million) with backing from the National Development Fund of Taiwan and several financial institutions.
Archipelago targets $250m for second Southeast Asia fund
Archipelago Capital Partners is seeking $250 million for its second Southeast Asia fund and has received a proposed $25 million LP commitment from the International Finance Corporation (IFC).
Australia's mid-market: The middlemen
Pure proprietary deals are a rarity in Australia’s mid-market. Most opportunities pass through a fragmented network of advisors, which means private equity firms must get noticed to stay relevant
Australia superfund withdrawals: Double trouble
Allowing cash-strapped superannuation members early access to their pension savings is seen as an essential COVID-19 relief measure. But it may not be conducive to a long-term investment mindset
Tikehau Capital names NAB's Parekh as Asia head
Tikehau Capital, a French private equity firm expanding in Asia, has appointed Neil Parekh, currently the Asia lead at National Australia Bank (NAB), as its regional head.
ADM raises $630m for Asia credit fund
Hong Kong-based special situations investor ADM Capital has raised $630 million for a credit fund that will target mid-sized companies in Asia.
Coronavirus & MAC clauses: Devil in the details
Business breakdowns caused by COVID-19 have spurred investors to re-examine their legal options with deals in pre-close limbo. That could spark a major evolution in M&A contracting
AVCJ daily bulletin returns May 4
AVCJ's daily bulletin will not be published on April 30-May 1 due to consecutive public holidays in Hong Kong.
Fund focus: Coral targets Japan's Series B gap
Having previously raised dedicated vehicles to support follow-on rounds for Japanese start-ups, Coral Capital has gone a step further with a fund dedicated to the strategy
Fund focus: Qiming's triumph of quick thinking
Having overcome coronavirus disruption to close its seventh fund at $1.1 billion, Qiming Venture Partners is ready to go bigger on China healthcare
Advantage raises $790m for sixth Japan buyout fund
The middle-market private equity firm expects COVID-19 to generate more deal flow as founder-owners and corporates come under stress
Facebook takes 9.9% stake in Reliance's India app platform
Facebook has acquired a 9.9% stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.
Gaocheng partner joins SoftBank Vision Fund
Daisy Cai, previously a partner at China-based growth capital investor Gaocheng Capital, has joined SoftBank Vision Fund.
ADB Ventures raises $50m for debut fund
ADB Ventures, a VC unit of the Asian Development Bank launched earlier this year, is set to begin investment after raising $50 million for its debut impact fund.
Northstar hits first close on fifth Southeast Asia fund
Northstar Group has reached a first close of approximately $260 million on its fifth Southeast Asia fund, which has an overall target of $800 million.