CDH Investments Management
China’s NSSF assets top $178b in 2012
China’s National Council for Social Security Fund (NSSF) reported a 7% investment return in 2012, its best performance in three years, as total assets under management topped RMB1 trillion ($178 billion) for the first time.
Texas County & District, Oregon commit to CDH Fund V
CDH has secured commitments for its fifth fund from both Texas County & District Retirement System (TCDRS) and Oregon Investment Council. The US pension funds have agreed to invest $50 million and $75 million, respectively, in the vehicle, which launched...
China vacation homes rental start-up gets Series B funding - Update
Tujia.com, China’s first online vacation homes rental service, has secured a Series B round of financing led by GGV Capital. Lightspeed China Partners, CDH Investments, Qiming Venture Partners, CBC Capital also participated alongside strategic investors...
CDH to reach $1b first close on Fund V by February
CDH Investments is expected to reach a first close of $1 billion on its latest fund by Chinese New Year. The Chinese GP has an overall target of $2 billion for CDH Fund V, which launched in September 2012.
IPOs for Asian PE firms: Too hasty?
For several years now, rumors have ebbed and flowed about CDH Investments going public. Industry participants regard IPOs by private equity firms on Asian bourses as a virtual certainty, when the time is right. If any Chinese firm was going to make the...
Bain raises $69.7m through Sunac sell-down
Bain Capital has raised HK$540 million ($69.67 million) by selling a portion of its shares in Sunac China Holdings, a Hong Kong-listed Chinese property developer.
CDH Investments targets $2b buyout fund – report
China's CDH Investments is reportedly targeting as much as $2 billion for its latest fund, joining a host of PE players seeking to raise multi-billion dollar vehicles in the region.
NSSF nears $3.6b private equity investments
The National Council for Social Security Fund (NSSF) announced that it had committed RMB22.6 billion ($3.6 billion) to 16 venture capital and private equity funds as of mid-September.
Banks invited to finance PE-backed Focus Media buyout - report
Banks in Asia are reportedly being approached to provide up to $1.7 billion in financing for the private equity-backed management buyout of NASDAQ-listed Focus Media Holding.
China growth deals: Of entrepreneurs and egos
The battle between NVC Lighting’s founder and SAIF Partners shows how bad things can get when entrepreneur and investor interests are not aligned. Hostility ultimately helps no one
Fosun expresses support for Focus Media take-private
China's Fosun International, Focus Media’s second-largest shareholder, with a 17.2% stake, said the recent take-private proposal for the Shanghai-based advertising company by a private equity consortium is an attractive option for shareholders. Fosun’s...
Mengniu in talks to buy KKR-backed Modern Dairy - report
Hong Kong-listed China Mengniu Dairy, the country’s largest dairy producer, has reportedly held talks to acquire China Modern Dairy, the raw milk supplier in which KKR Asia Fund owns 24%.
Focus Media receives $3.5b buyout offer from PE players
US-listed Focus Media has received a $3.5 billion offer from its chief executive and a group of private equity giants to take the company private. If the deal goes through, the leveraged buyout could be China's largest, and Focus Media could be the largest...
China biotech: Elusive innovation?
PE and VC investors want to leverage China’s rapidly growing biotech industry, but few firms have a proven ability to commercialize their innovations in drug development. Change will come, gradually.
Goldman, CDH-backed Himin Solar terminates IPO plan
Himin Solar, a Chinese solar water heater company backed by CDH Investments and Goldman Sachs, has suspended plans to list in Shanghai amid speculation about involvement in a corruption scandal that has already seen the removal of a leading politician...
CDH Investments to raise $350m VC fund - report
CDH Investments is reportedly in the process of raising a new venture capital fund worth $300-350 million. The fundraising is expected to reach a final close by the end of this year.
NSSF to boost investment in PE funds
China's National Council for Social Security Fund (NSSF) will boost its commitments in private equity funds by more than 50% in 2012, in a move to enhance investment returns.
Comply or die? GPs, technology and reporting standards
Fund managers are dealing with the challenges of an increasingly demanding LP base. Asian GPs looking for institutional money must invest in compliance or rely on their track records to carry them through
NSSF: Still room to increase PE investments
China's National Council for Social Security Fund (NSSF) has the capacity to boost its commitments to private equity considerably, having put only 2.2% of its capital into the asset class, according to Wang Zhongmin, the fund's vice chairman.
CDH, CITIC, New Horizon buy Luye Pharma from MBK
CDH Capital, Citic Private Equity and New Horizon Capital, three of China's largest private equity firms, have bought Luye Pharma from Korea-based MBK Partners.
Noah sets up Hong Kong subsidiary
Noah Holdings, the Shanghai-headquartered third-party financial advisory company, is launching a Hong Kong subsidiary. It wants to provide investment products to international investors and mainland customers who already have assets overseas.
PE succession planning: Continuity issues
Asia’s private equity industry may not be old, but it is still volatile. Firms that fail to address succession planning – due to staff turnover if not staff ages – risk losing the confidence of LPs.
CDH invests in Chinese appliance maker Midea
CDH Investments has teamed up with an investment unit of ICBC International Holdings to buy a 15.3% stake in Midea Group, a leading Chinese household appliance manufacturer.
PE partnerships – A route into Indonesia
The recently announced TPG-North Star Pacific share swap got me thinking about collaboration between private equity firms. Global PE players have been using local funds to gain access to new markets for some time now, and quite a few have committed capital...