Central Asia
L Catterton backs beauty industry biotech supplier
L Catterton has led a CNY 200m (USD 27m) Series B round for Trautec, a China-based biotech start-up that develops synthetic proteins used in beauty and healthcare products.
Japan VCs back $100m round for local impact investor Gojo
Japanese impact investor and microfinance institution Gojo & Company has secured a USD 100m Series E from a group of local VC investors including Global Brain and Globis Capital Partners.
Kazakhstan investor backs TVM SE Asia healthcare fund
Qazaqstan Investment Corporation (QIC), a private equity fund-of-funds set up by the Kazakhstan government, has invested in a Southeast Asia fund managed by TVM Capital Healthcare.
Team diversity impacts fundraising prospects - AVCJ Forum
Asia-based managers are slower to implement diversity, equity, and inclusion (DEI) policies than their peers in other markets, but LPs told the AVCJ Diversity & Inclusion Forum that action on this issue is increasingly important to fundraising.
Japan-based microfinance player gets $47m Series E
Gojo & Company, a Japan-headquartered microfinance institution that operates across Sri Lanka, Myanmar, Cambodia, India, and Tajikistan, has raised USD 47.6m in Series E funding.
AIIB backs two energy, infrastructure funds
China-headquartered Asian Infrastructure Investment Bank (AIIB) is set to anchor two private equity funds, including an energy-focused vehicle, with a total commitment of $125 million.
CITIC Capital invests China-Europe logistics providers
CITIC Capital has backed two China-Europe logistics providers in separate deals of undisclosed size. The GP is investing via its Silk Road Fund, which targets geographies in China’s One Belt One Road (OBOR) agenda.
IFC proposes $20m investment in Abraaj credit fund
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the Abraaj Group’s global credit fund.
China, Russia plan $10.5b in OBOR investments
China and Russia have agreed to invest about $10.5 billion in two cross-border development funds as part of the One Belt One Road (OBOR) initiative.
India, Russia investors form $200m cross-border IT fund
India-listed Srei Infrastructure Finance and Russia’s state-backed Vnesheconombank have agreed to establish a $200 million fund that will promote IT and innovation exchange between the two countries.
PE-backed ZTO Express files for US IPO
China-based logistics operator ZTO Express has filed for an IPO in the US. Sequoia Capital and Warburg Pincus are the most significant private equity backers with stakes of 7.2% and 6.1%, respectively.
Siguler Guff closes third BRIC fund
Siguler Guff faced two particular challenges when raising its third BRIC opportunities fund: one foreseen and well prepared for; the other more out of leftfield.
Central Asia oil producer sells Kazakh assets to China PE fund
Tethys Petroleum, a Central Asia and Caspian region-focused oil and gas producer, has agreed to sell half of its Kazakhstan oil and gas assets to Sino Oil and Gas Investment (SinoHan), a subsidiary owned by Beijing-based HanHong Private Equity Group....
IFC ups stake in Mongolia's TenGer Financial Group
International Finance Corporation (IFC), the investment arm of the World Bank, has increased its stake in Mongolia's TenGer Financial Group (TFG) to 19% for an undisclosed amount.
Orix invests $24m in Mongolian financial services group
Japanese financial services group Orix Corp. has agreed to buy a 16% stake in Mongolia financial group TenGer Financial Group (TFG) for approximately $24 million
Kazakh sovereign fund buys stake in domestic zinc producer
Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, has bought a 29% stake in Kazzinc, a domestic zinc producer controlled by Glencore.
Japan's Orix signs up as LP for Mongolia Opportunities Fund
Japan's Orix Corporation will invest in Mongolia Opportunities Fund I, reputedly the country's first ever private equity vehicle. Orix aims to use the fund, established by Mongolia Opportunities Partners, to make its own first investments in country....
IPO of the Year – Yonghui Superstores
William Shen, Head of Greater China for Headland Capital Partners, speaks to AVCJ about working on Asia’s most exciting IPO of the year.
VC Professional of the Year – Sandeep Singhal
Sandeep Singhal, co-founder of Nexus Venture Partners, discusses job satisfaction, the secrets of his venture firm’s success and the outlook for India’s early-stage sector.
PE Deal of the Year – Hyva
UNITAS CAPITAL’S BUYOUT OF DUTCH cylinder-maker Hyva earlier this year was a landmark private equity deal in that it was the first in Asia to be backed by a high-yield bond. Not only did the company’s $375 million bond issue set a precedent for other...
Fundraising of the Year – Baring Private Equity Asia
Global private equity majors including KKR, Bain Capital and TPG say that now is the time to raise Asian megafunds, but for Baring Private Equity, which closed its $2.4 billion fifth vehicle in just six months earlier this year, it’s good to get in early....
Neuberger Berman raises $720m
Investment management firm Neuberger Berman Group has raised $720 million for its private equity fund-of-funds, NB Crossroads 2010.
Profile: Veronica John of Serasi Capital
Serasi Capital’s Veronica John has set up businesses in some of the world’s most challenging environments. She feels well-equipped to launch a private equity fund of her own.
Mongolia fund to make first investment by October
The Mongolia Opportunities Fund is looking to make its first investment by the end of October. Batsaihan B. Jamichoi, the former Uniqlo executive who started the fund, told Bloomberg that he is targeting infrastructure and service provider in the mining...