Region

Caspian launches its first debt fund

Caspian Advisors is targeting $40 million for the first pure debt fund in India's social impact segment. The Caspian Impact Investments (CII) fund already has $10 million in commitments from FMO, Triodos Doen and Hivos-Triodos Fund and Gray Ghost Microfinance...

IFC considers $25m commitment to Motilal Oswal PE fund

The International Finance Corporation (IFC) is considering an equity investment of up to $25 million in Motilal Oswal’s India Business Excellence Fund IIA, which offers growth equity capital to small- and medium-sized enterprises (SMEs) in India.

Ex-JAIC boss to launch Japan secondaries fund

Former JAIC CEO Moriyoshi Matsumoto, who was responsible for the group’s secondaries business, has spun out to create an independent secondary investment platform. WM Partners is targeting up to JPY10 billion ($102 million) for its debut fund, with a...

NEA names managing director for Asia

VC firm New Enterprise Associates (NEA) has appointed Carmen Chang as Asia partner and managing director. She is charged with enhancing the firm’s deal flow and brand in China and other Asian markets.

CalSTRS commits to FountainVest, Bain Asia funds

The California State Teachers’ Retirement System (CalSTRS) committed $120 million to Asia-focused GPs during the final three quarters of 2012, according to a recent disclosure. The pension system also revealed that its private equity portfolio delivered...

KKR kicks tires, buys Alliance

India is expected to see an increasing number of secondary buyouts in the next couple of years as GPs look for ways to monetize existing portfolios in the face of a difficult public market environment. While KKR's acquisition of Warburg Pincus' majority...

Capital Dynamics goes inside-out in China

After a decade spent exploring the possibilities, Capital Dynamic concluded that best way for a global fund-of-funds manager to properly penetrate the Chinese market was "inside-out" - work with people in Beijing who come from Beijing. This is the rational...

Quadria carries the Milestone-Religare torch

For Amit Varma, buying Indian GP Milestone Religare was never part of the plan. He left financial services group Religare last year to set up Quadria Capital with Abrar Mir, formerly of NBD Sana Capital. They recently launched a debut fund, targeting...

  • GPs
Unitas patches up Australian auto parts firm

It seems counter-intuitive for a private equity firm to invest in inventory - if anything, they are known in the West for cutting working capital post-buyout - but this is what Unitas Capital did on acquiring Exego, a car parts supplier that operates...

1Q analysis: Hard times

Mixed fortunes for Asia buyout funds on the road; large-cap deals weaken, but venture capital activity is on the rise; exits one of few bright spots thanks to spurt in trade sales

Q&A: Shearman & Sterling's Lorna Chen

For domestic private equity funds in China, regulation remains a clouded issue - it is unclear who should be responsible for the issue and how. Lorna Chen, a partner with Shearman & Sterling, explains where the difficulties lie

The Abe effect: Japan's economic reforms
The Abe effect: Japan's economic reforms

Japanese Prime Minister Shinzo Abe has unveiled aggressive economic reforms, sending the country's stock market up and its currency down. PE can benefit but longer-term change would be even more helpful

Princeling funds: Who's your daddy?

Another month, another princeling fund. Okay, so they're not that prolific but there is a familiarity to PE platforms built upon the shoulders of Chinese leaders' offspring in terms of the nature of their emergence.

Omnivore Partners buys stake in India's Arohan Foods

Venture capital firm Omnivore partners has bought a significant minority stake in pork integrator Arohan Foods for an undisclosed sum. Assam-based Arohan works with pig farmers across Northeast India and retails pork products across the country.