Asia
Temasek leads $550m round for US cybersecurity player Orca
Singapore’s Temasek Holdings has led a $550 million Series C round for US cybersecurity provider Orca Security that will support an Asia expansion.
Goodwin strengthens Asia fund formation team
Goodwin has recruited Phil Culhane and Elyn Xing, who previously worked together at Simpson Thacher, as Asia-based partners in its private investment funds practice.
EQT backs cybersecurity training business
EQT has invested in EC-Council, a cybersecurity training and certification business established by a Malaysian entrepreneur, through its Asia mid-market fund.
Brookfield's Asia head joins CapitaLand's fund management arm
Patrick Boocock, a managing partner at Brookfield Asset Management who led the firm’s investment and asset management activities in Asia, has moved to newly listed CapitaLand Investments (CLI).
Baring Asia tilts towards growth
Baring Private Equity Asia expects 10% of its eighth pan-regional fund to be deployed in growth-stage investments, underlining how Asia’s traditional large-cap buyout funds are increasing their focus on minority deals in high-growth sectors like technology....
CLSA raises $500m for second Asia private debt fund
CLSA Capital Partners has closed its second Asia-focused private debt fund – and a parallel co-investment vehicle – with $500 million in commitments.
Deal focus: Vision Fund throws its weight behind Opay
An introduction from SoftBank Ventures Asia prompted Vision Fund 2 to lead a $400 million Series C for Nigeria-based Opay, creating Africa’s newest technology unicorn in the process
Elliott backs Olympus Capital Asia continuation fund
Elliott Management is supporting a $450 million restructuring of Olympus Capital Asia’s third fund, which involves taking out a profit participation loan held by Canada Pension Plan Investment Board (CPPIB) as well as buying standard positions from other...
Secondaries: Straight outta Asia
The growing secondaries opportunity in Asia is attracting more global capital, but managers with strategies dedicated to the region are few. This is changing, albeit gradually
AVCJ Awards 2021 - nominations have closed
Nominations for the 2021 AVCJ Private Equity & Venture Capital Awards have now closed. Many thanks for your participation.
Blockchain: Going mainstream
The most disruptive technology in financial services is also the most esoteric and misunderstood. As a long, speculative uptake phase unfolds, investors are coming to terms with the future
NFTs: Spirits in an invisible world
The use of blockchain to create digital assets has evolved from the mass circulation of ethereal, volatile, and interchangeable tokens into something that feels much more real
Corporate VC: Appetite for disruption
Banks across Asia are leveraging their capital and domain expertise to stay ahead of the curve on financial technology. Each aspect of the corporate VC ecosystem engages with start-ups in different ways
Q&A: Airwallex's Jack Zhang
Hong Kong-headquartered Airwallex has grown from nothing to a $2.6 billion valuation in the space of six years. Co-founder and CEO Jack Zhang details his plans to build a global financial technology stack
Lazard makes senior private capital advisory hire in Asia
Lazard has recruited Patrick No, formerly head of Asia financial sponsors coverage at Credit Suisse, as a managing director in its private capital advisory group.
Vision Fund pulls back from China amid regulatory uncertainty
SoftBank Vision Fund is taking a “wait and see” approach to China, holding back on new investments in the country until the full ramifications of regulatory action in the technology sector are known.
Deal focus: Warburg Pincus returns to ESR
The sale of ARA Asset Management to ESR will create a real estate behemoth primed to go big on e-commerce-driven logistics and data centers – and allow Warburg Pincus to reunite with the platform it seeded
LP interview: Allianz Capital Partners
In approaching Asian private equity, Allianz Capital Partners combines the classic conservatism of an insurance investor with a seasoned understanding of how to assess – and perhaps not over-respond – to risk
ESR buys PE-backed real assets manager ARA for $5.2b
ARA Asset Management, an Asia-based real asset manager that was privatized by a PE consortium in 2016, has agreed to be acquired by Hong Kong-listed warehousing platform ESR for $5.2 billion.
CPPIB's Asia head handed global PE role
Suyi Kim, head of Asia Pacific at Canada Pension Plan Investment Board (CPPIB), has been named senior managing director and global head of private equity.
GIC invests $240m in Arctic Green Energy
Singapore sovereign wealth fund GIC has committed $240 million to Arctic Green Energy (AGE), an Iceland-based geothermal energy developer that has already received substantial Chinese backing.
B Capital taps Goldman Sachs talent for Asia push
B Capital Group has hired Sheila Patel, formerly the Singapore-based chairman of Goldman Sachs Asset Management, as a vice president amid a concerted Asian expansion drive.
Hong Kong last-mile delivery player Gogox raises $100m
Gogox, a Hong Kong-headquartered last-mile logistics company formerly known as GoGoVan, has raised $100 million in funding led by the international arm of China Bank of Communications and Cyberport Macro Fund.
Boyu stands out in weak quarter for private equity fundraising
A quickfire fundraise by Boyu Capital – which saw $6 billion collected across two pools of capital in the space of a few months – accounted for more than one-quarter of all capital committed to Asia-focused private equity managers between April and June....