North America
Temasek moves into Canada/Panama mining with Inmet
Singapore SWF Temasek Holdings has invested C$500 million ($488 million) in Toronto-listed Inmet Mining Corp., for around 14.15% of the company.
Carlyle to take on $5.1bn in credit assets
The Carlyle Group is once again expanding its mandate, this time into credit assets.
Schroders sells fund admin unit to JPMorgan
Schroders has agreed to sell its global private equity administration services business to JPMorgan for an undisclosed sum.
Candover may go to Canada LP Aimco
Troubled UK listed buyout group Candover Investments has confirmed that it has received approaches for a takeover of its business from $70 billion Canadian pension fund Alberta Investment Management Corp. (Aimco).
China Select gets Suzhou RMB OK
China Select Capital Partners Corp., a Toronto Venture Exchange-listed asset management and investment firm, has announced that it has received approval from the municipal government overseeing Suzhou Industrial Park to manage RMB funds in China.
Shanghai Ventures invests Advantech
Shanghai Ventures has announced a $14 million co-investment with the Pan family of Chinese entrepreneurs in Advantech Global Ltd., a US thin-film transistor manufacturer founded by Dr Peter Brody, the inventor of active-matrix LCD technology.
Ontario Teachers' losing private equity head
Erol Uzumeri, the head of private equity investments for Ontario Teachers’ Pension Plan, is reportedly leaving the Toronto-based pension fund manager to launch his own asset management firm.
JAFCO, Pac-Link invest Synerchip
JAFCO Asia and Pac-Link Capital have co-led a $10.5 million Series C investment round into Taiwan, Korea and Silicon Valley high-speed digital interface semiconductor company Synerchip Co. Ltd.
Helion, Nexus join DFJ on PubMatic
Indian VC firms Helion Ventures and Nexus India Capital Advisors have joined Draper Fisher Jurvetson in a $7.5 million Series C round for their existing investee PubMatic, an online ad revenue optimization business based in California.
Jafco commits to new Jafco Ventures fund
Japanese investment group Jafco has committed $100 million to launch the fourth fund for its US West Coast VC affiliate Jafco Ventures.
New recruit Chang expands Colony beyond real estate
The recent engagement of Justin Chang by $39 billion real estate-focused group Colony Capital is one of the latest milestones in the firm’s move out of its traditional real estate focus into broader corporate private equity investment.
JinkoSolar relaunches IPO
JinkoSolar Holding Co., a Shanghai-headquartered manufacturer of photovoltaic solar cell products originally invested by Pitango Venture Capital, Shenzhen Capital Group, and China Israel Value Capital, has refiled for its NYSE IPO after postponing this...
Church Pension transfers Ranasinghe from NY to HK
The Church Pension Fund, one of the few US institutional LPs with an office in Asia, has transferred Sajith Ranasinghe, Senior Associate, from the fund's New York office to Hong Kong.
Primus acquires Chapdelaine
A unit of Primus Financial Group has acquired a controlling stake in Chapdelaine & Co., a New York-headquartered leading player in the US inter-dealer/broker (IDB) fixed income and municipal bond brokerage markets, with a view to expanding its operation...
Wilshire woes
Dennis Tito, founder of Wilshire Associates, reportedly paid at least $12 million and possibly up to $20 million for an eight-day stay in orbit at the International Space Station and in transit, courtesy of MirCorp.
CalPERS to commit $1.3 billion to infra
Leading US LP the California Public Employees' Retirement System (CalPERS) is to commit some $900 million to infrastructure GPs and invest $400 million directly, according to an internal statement to its investment committee.
GA, Oak Hill in $417 million Genpact stake sale
General Atlantic and Oak Hill Capital Partners are reportedly due to sell some of their remaining stakes in Indian NYSE-listed BPO major Genpact, in a transaction totalling some $417 million.
Yale ups private equity allocation after poor 2009
The Yale Endowment, the $16.3 billion LP for Yale University, decided in July 2009 to up its private equity commitment level from 21% to 26% of its portfolio, despite a 24.3% loss on the asset class over 2009.
New US rules may affect foreign funds
A new US law, the “Hiring Incentives to Restore Employment Act of 2010,” just signed by US President Barack Obama, could drastically affect non-US financial institutions and private equity funds, as well as US LPs and family offices investing into them,...
Riverside promotes Feiglin to partner
The Riverside Company has announced the promotion of Simon Feiglin, hitherto a principal focused on the firm's Asia funds, to Partner.
Elevar closes new "poverty" fund
Seattle and Banglalore-based investment management company Elevar has announced the closing of a new "poverty-focused" growth capital fund at $70 million, and seeking to invest in microfinance institutions and other poverty-related platforms in India,...
Green investing: The other side of the summit
COP15 may not yet have forged a future-proof global greenhouse gas reduction regime; but some still see it as an important step forward – and promising opportunities are budding in the green sector, especially in Asia.
PineBridge Pacific Century sale hits fresh delay
The completion of American International Group's sale of its $87.3 billion asset management business, including some $27.3 billion of private equity assets, to Richard Li-backed Pacific Century, reportedly may face further delays, as Hong Kong police...
Steel Partners seeks new board directors for Sapporo
Steel Partners Japan Strategic Fund, the US investment fund which holds about 18% of leading Japanese brewer Sapporo Holdings, has sent letters to other shareholders, seeking their support for Steel’s plan to appoint new board directors ahead of Sapporo's...