Region
JLL reaches first close on debut India real estate fund
Jones Lang LaSalle’s (JLL) Segregated Funds Group has reached a first close of INR1 billion ($17.2 million) on its Residential Opportunities Fund I. The vehicle launched last year and has a final target of INR3 billion ($51.2 million)
Australia's M.H. Carnegie, Vivant Ventures launch accelerator
M.H. Carnegie & Co, the venture capital firm set up by Australian investor Mark Carnegie, has launched an A$80 million ($76 million) accelerator fund for emerging technology companies. It will be run in collaboration with Vivant Ventures, an Australia-based...
Shogun diplomacy: Corporate management in Japan
History shows that Japan's corporate elites rarely take kindly to private equity knocking down their door. How can the outside investor best woo potential partners?
All smiles in Tokyo?
The timing of last year's AVCJ Japan Forum was perhaps fortuitous - a matter of days before the event Unison Capital announced that it agreed to sell sushi chain Akindo Sushiro to Permira for $1 billion.
Giant maintenance: PE and corporate Japan
Restructuring is a compelling story in Japanese private equity, but deal access is constrained by perception issues and government-linked competition. Will the there be anything left for foreign players?
Japan fundraising: Sink or swim?
Investor sentiment is gradually turning on Japan. The big buyout funds must convince LPs there is sufficient deal flow in their portion of the market; the smaller players must figure out how to talk to foreign LPs
Willing to travel: Japanese tech firms look overseas
Japanese technology companies are going overseas, through corporate venture capital investments, joint ventures or commitments to third-party managers, in search of new markets and innovations
TriVeda Capital launches $500m real estate vehicle
India-focused TriVeda Capital has launched a $500 million real estate asset management platform, initially comprising five residential and mixed-used projects located in Bangalore. It plans to invest in structured property transactions in tier-one cities....
CITIC Capital raises $683m China retail property fund
CITIC Capital has reached a final close of $683 million on its China Retail Properties Investment Fund, exceeding the original target of $600 million.
PE-owned Dutch waste company sells subsidiary to Cheung Kong Infrastructure
A Dutch waste management provider owned by CVC Capital Partners and KKR has exited its energy-from-waste (EfW) subsidiary to a consortium led by Cheung Kong Infrastructure (CKI) for EUR940 million ($1.27 billion). It is the Hong Kong-based company’s second...
China's GSR leads restructuring round for Mirabilis Medica
China-focused GSR Ventures is leading a $7 million restructuring round for Mirabilis Medica with a view to helping the company expand its footprint outside the US.
CalPERS CIO Joseph Dear scales back responsibilities
Joseph Dear, chief investment officer at California Public Employees’ Retirement System (CalPERS), has given up some of his duties at the pension fund as he undergoes treatment for prostate cancer.
CITIC Capital's Yichen Zhang joins EMPEA board
Yichen Zhang, chairman and CEO of CITIC Capital, has joined the board of directors at the Emerging Markets Private Equity Association (EMPEA). He will also sit on the organization’s Asia Council.
Avenue Venture invests $9.5m in Chennai residential project
Avenue Venture Partners has invested INR250 million ($4.3 million) in a Chennai luxury residential project being developed by Casa Grande. The firm plans to commit a total of INR550 million ($9.5 million) in the project.
KKR, Blackstone, Carlyle among bidders for SingTel Australia unit - report
KKR, The Blackstone Group and The Carlyle Group are said to have submitted first-round bids for Optus Satellite, the Australian satellite unit of Singapore Telecommunications (SingTel).
China.com to sell LP stake in New Horizon fund to AlpInvest
China.com, a news agency listed on Hong Kong Growth Enterprise Market (GEM) board, will sell its entire stake in New Horizon Capital IV to AlpInvest Partners for $516,000.
PE, strategics back Gateway Distriparks subsidiary
Norwest Venture Partners has picked up a 14% stake in Indian port-based logistics operator Gateway Distripark's subsidiary Snowman Logistics for INR600 million ($10.4 million). Existing shareholders include International Finance Corporation (IFC) and...
ICICI Prudential exits Indian residential investment
ICICI Prudential AMC, a joint venture between India’s ICICI Bank and Eastspring Investments, has exited investments in two Shriram Properties residential projects in Bangalore with returns upwards of 20%.
PE-owned MediaWorks New Zealand enters receivership
Creditors are poised to take control of Ironbridge Capital-owned MediaWorks as the New Zealand broadcaster and its subsidiaries went into receivership.
CHAMP, Headland seek to oust Miclyn directors
Headland Capital Partners and CHAMP Private Equity, majority shareholders of Miclyn Express Offshore, are looking to jettison two of the company's independent directors, saying the move would be in the interests of shareholders.
Cerberus challenges Seibu management ahead of annual meeting
Cerberus Capital Management has publicly questioned the management of railway and property group Seibu Holdings in a bid to gain support for its shake up of the company's board at a shareholders meeting later this month.
LPs require local expertise for Asia co-investment – AVCJ Forum
LPs need a presence in Asia – or, at the very least, an understanding of local markets – if they are to be successful co-investors in the region, industry participants told the AVCJ Europe conference, which took place in London last week.
Korea's NPS to boost alternatives exposure
South Korea’s National Pension Service (NPS) will increase its allocation to alternative investments to 11.3% from 8.4% as part of an aggressive plan that will see a substantial drop in the pension fund’s fixed income exposure.
China's Jiuding committed to pre-IPO strategy
China pre-IPO specialist Kunwu Jiuding Capital will not change its strategy despite a slump in listings - and exit multiples - before domestic regulators slammed the door on new share offerings completely towards the end of last year.