Fundraising
Innovation Works to list on China’s New Third Board
Innovation Works, a Chinese early stage VC firm founded by Kai-fu Lee, former head of Google China, has applied to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board.
Fortress raises $1.1b for third Japan special situations fund
Fortress Investment Group has closed its third Japan-focused special situations fund at the hard cap of $1.1 billion. Ten deals have already been completed with more than JPY17 billion ($140 million) deployed.
Fund focus: Morningside scales up for growth deals
Morningside Venture Capital divides up the corpus of its $660 million fourth fund to address a China market increasingly characterized by early-stage and late-stage deals
Bain, Baring lead the way at AVCJ Awards
With four investments, four partial exits, two IPOs and a string of dividend payments over the past 12 months, Bain Capital was named firm of the year at the 2015 AVCJ Private Equity and Venture Capital Awards.
French investor buys 5% stake in Warburg Pincus
Billionaire investor Marc Ladreit de Lacharriere, the CEO of French financial services firm Fimalac, has bought a 5% stake in Warburg Pincus and become a senior strategic partner at the firm.
Morningside closes fourth China TMT fund at $660m
Morningside Venture Capital, a VC firm set up by Hong Kong’s Chan family – owners of property developer Hang Lung Group – has closed its fourth China-focused fund at $660 million.
Q&A: OTPP's Nicole Musicco
Co-investment is a key tenet of the private equity strategy at Ontario Teachers’ Pension Plan. Nicole Musicco, managing director and head of Asia Pacific, explains how the group likes to participate
Fundraising and co-investment: Friends with benefits
Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the needs of large investors. It points to an increasingly customized and complicated GP-LP relationship
Chinese appliance maker to invest in Cathay's Sino-French fund
Shenzhen-listed home appliance maker Joyoung has committed EUR5 million (5.53 million) to Cathay Capital’s Sino French Innovation Fund, which is looking to invest in start-ups in France, China and the US.
GGV seeks $1.1b for VC investments in China, US
GGV Capital is planning to raise up to $1.1 billion across three vehicles – a core venture fund, a top-up vehicle and an early-stage fund – that will target start-up and growth-stage technology deals in China and the US.
Good Resources, Bank of China set up $5b global M&A fund
Good Resources Holdings, a Hong Kong-listed investment firm controlled by Chinese billionaire Kin-Ming Cheng, will set up a joint global MA& fund worth $5 billion in conjunction with Bank of China’s Hong Kong asset management unit.
IndEU to close debut India fund at $70m
IndEU Capital, a France-based private equity firm, will close its debut India-focused fund at $70 million before the end of the year.
India-focused ASK Capital names Evan Gallagher as CEO
India’s ASK Group has appointed Evan Gallagher, formerly of IDFC Alternatives, as CEO of Singapore-based ASK Capital Management.
High PE exposure drives Asia family office performance - study
Family offices in Asia Pacific produced the second-best performance globally in 2014, in part due to their relatively large private equity exposure, according to a new report.
Fund focus: Venturra taps experience for SE Asia start-ups
Venturra Partners will draw on its founders' investment and entrepreneurial experience, plus a strategic connection to Lippo Group, as it helps Southeast Asian start-ups achieve scale
AngelList raises $400m from China’s CSC Group
Start-up funding platform AngelList has raised a $400 million early-stage focused fund from CSC Venture Capital, the US arm of private equity firm China Science & Merchants Investment Management Group, also known as CSC Group.
3Q analysis: Digital dreamers
Early- and growth-stage technology deals dominate the China investment charts; middle market fundraising enjoys a rebound; private equity investors turn to trade sales as the public markets flounder
Fund focus: Lighthouse bets on consumer sophistication
India-focused Lighthouse Funds is looking to capitalize on consumers' concern for practical needs and their desire to build better lives for their families
CMC Capital Partners to raise $1b China media fund
China’s CMC Capital Partners, a private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), is looking to raise $1 billion for a media-focused fund.
Northstar set for $800m close on Fund IV
Northstar Group is scheduled to reach a final close on its fourth fund – which targets Southeast Asia, with a particular focus on Indonesia – at approximately $800 million at the end of October.
Lippo sponsors Southeast Asia VC fund
Former Monk's Hill Ventures partner Stefan Jung has announced the launch of Venturra Capital, a new Southeast Asia-focused VC fund backed by the Lippo Group.
AGIC reaches $550m first close on China-Europe fund
Asia-Germany Industrial Promotion Capital (AGIC), a PE firm focused on China-Europe cross-border investments, has reached a first close of $550 million on its debut fund.
China’s CreditEase reaches first close on Israel fund
CreditEase, a leading Chinese peer-to-peer (P2P) microcredit lender, has reached a first close of $30 million on its debut Israel-focused fund.
2015 AVCJ Awards - voting has closed
Voting for the 2015 AVCJ Private Equity & Venture Capital Awards has closed. Many thanks for your participation.