Industry
Korea's Hahn & Co raises $3.2b for Fund III, co-invest sidecar
Hahn & Company has closed its third Korea-focused buyout fund with $3.2 billion in commitments – the largest vehicle ever raised by an independent manager for investment solely in the country.
AVCJ daily bulletin returns October 2
AVCJ's daily bulletin will not be published on October 1 due to the public holiday in Hong Kong marking China's National Day.
Asian family offices lead on performance, growth capital exposure
Family offices in Asia Pacific and emerging markets were the strongest performers globally last year and they are also leading the charge into venture and growth-oriented investments, according to UBS and Campden Wealth’s latest global family office report....
Mekong targets $250m for fifth Vietnam fund
Mekong Capital has launched its fifth private equity fund focused on the Vietnam middle market. A hard cap has been set at $250 million.
GP profile: Northstar Group
Northstar Group made its name through a series of consumer, financial services and commodities plays in a nascent Indonesian market. Technology is likely to define the firm’s next chapter
HarbourVest spins out part of Norwest's India portfolio
HarbourVest Partners has spun out part of the Norwest Venture Partners India portfolio into a new fund to be managed by Avataar Venture Partners.
Singapore's Mooncake Capital launches $100m crypto VC fund
Mooncake Capital, a Singapore-based venture capital firm focused on crypto technologies has launched an Asia-focused fund targeting $100 million.
China's CIC prioritizes direct investment, bilateral funds
China Investment Corporation (CIC) is stepping up its private equity co-investment and direct investment activity – including through the establishment of bilateral cross-border funds – as it seeks to boost returns in increasingly unstable global markets....
Q&A: Vulcan Capital's Tommy Teo
Tommy Teo, a former executive director at Northstar Group, is setting up the Asian headquarters for Vulcan Capital, a philanthropic but returns-focused firm created by the late Microsoft co-founder Paul Allen
Australia leveraged finance: Best blend?
Two years ago, unitranche structures were a novelty in Australia’s leveraged finance market. Now they are an integral part of it. For borrowers and lenders, there might be no turning back
Green Pine raises $140m for RMB tech fund
Shenzhen Green Pine Capital Partners (GPCP) has raised RMB1 billion ($140 million) for a fund that will target artificial intelligence (AI), robotics and internet of things (IoT) investments in China.
Japan carve-out opportunity moves beyond conglomerates
Japan’s corporate carve-out opportunity set is expanding as smaller firms begin to follow the example of conglomerates, according to domestic mid-market GP Integral Corporation.
Core-plus investment: Expectations game
Capital-flooded markets and rising pressures to deploy have precipitated more flexible investment strategies in private equity. GPs must be careful when crossing between asset classes
Deal focus: LGT plugs Aspada into global impact platform
LGT Group aims to create new inroads for global investors looking to enter the impact space by acquiring Aspada, an Indian platform focused on digital inclusion and small business finance
Q&A: Pomona Capital's Michael Granoff
Michael Granoff, founder and CEO of Pomona Capital, discusses raising capital from Asian LPs, how GPs can be differentiated in a crowded secondaries market, and why he’s not keen on fund restructurings
Japan's Tokio Marine Capital spins out from parent
Japanese mid-market buyout firm Tokio Marine Capital is spinning out from its corporate parent to form an independent investment manager known as T Capital Partners.
Vertex closes Southeast Asia, India fund at $305m
Vertex Ventures, a VC arm of Singapore’s Temasek Holdings, has closed its fourth Southeast Asia and India fund at $305 million, beating an initial target of $230 million.
India's Lightbox closes third VC fund at $209m
Lightbox Ventures has raised $209.3 million for its third India-focused fund, exceeding an initial target of $200 million.
LPs and infrastructure: Custom connections
LPs are mixing up their approaches to infrastructure as shifts in supply-demand dynamics converge with increased specialization requirements in next-generation projects. Asia remains the unproven goldmine
KKR names Hirano, Shastry as co-heads of Asia PE
Hiro Hirano and Ashish Shastry, who lead KKR’s operations in Japan and Southeast Asia, respectively, have been appointed co-heads of private equity across the region.
China SOE investment: Uphill battles
Reform efforts in China’s state-owned enterprise space have experimented in mixed ownership with mixed results. Private equity investors see significant opportunity but must proceed with caution
Australian superfund consolidation to alter private markets strategies
Australia’s pension market is ripe for consolidation, which will see the emergence of a handful of mega superannuation funds that leverage their scale to bring more investment activity in-house, according to leading industry participants.
Vertex raises $275m for China venture fund
Vertex China, a venture capital firm affiliated to Temasek Holdings-owned Vertex Holdings, has closed its fourth fund on target at $275 million.
LP interview: CalSTRS
Keen to reduce investment costs, California State Teachers’ Retirement System is changing the way it works with managers. Co-investment, joint ventures and stakes in GPs are priorities for private markets