Fundraising
Fund focus: Vertex strengthens its global foothold
Vertex Venture Holdings will use its new $600 million allocation from Temasek Holdings to invest in Vertex family funds across the US, Israel and China
Anchor Equity closes second Korea fund at $850m
Anchor Equity Partners has raised $850 million for its second South Korea-focused fund, less than two years after closing Fund I at $500 million.
Vertex raises $600m for China, US, Israel investments
Vertex Ventures, the VC arm of Singapore's Temasek Holdings, has received $600 million from its parent to invest in start-ups in China, the US and Israel.
RRJ Capital closes Fund III at $4.5b
RRJ Capital has closed its third fund – which invests globally, with an emphasis on China and Southeast Asia – at $4.5 billion after approximately nine months in the market.
Singapore VC: Redressing the balance
Singapore wants local companies to set up VC funds as a means of cultivating start-ups in a wider variety of areas. Can the right balance be struck between innovation and corporate agendas?
LP interview: International Finance Corporation
The International Finance Corporation helps emerging managers in frontier markets get off the ground. However, the current priority is to back more established managers in more established markets
ADB pledges to double annual climate financing to $6b
The Asian Development Bank (ADB) will double its investment in countering climate change in developing countries to $6 billion by 2020, up from the current $3 billion.
Qualcomm launches $150m India venture fund
Qualcomm Ventures, the VC arm of US semiconductor producer Qualcomm, has formed a $150 million fund to invest in Indian mobile and internet start-ups.
Fosun, Zhejiang government launch RMB fund-of-funds
Fosun Group and the Zhejiang provincial government will launch a RMB10 billion ($1.6 billion) renminbi-denominated fund-of-funds (FoF), with a view to restructuring and transforming different industries.
Fund focus: Super funds flock to Blackbird
First State Super and HOSTPLUS join the LP roster for Blackbird Ventures' latest tech fund
Fund focus: LPs renew Carlyle's Japan mandate
Carlyle closes Japan fund at just under $1 billion, eyes corporate carve-outs, succession planning deals
The long game: Merchant banking-style PE
Ascendent Capital Partners’ China strategy involves advising companies first and raising the prospect of investment second, perhaps with a sizeable gap in between. Does this signal change in the middle market?
Singapore's NRF commits $28m to VC funds
Singapore's National Research Foundation (NRF) will commit S$40 million ($28 million) to local venture capital funds through the third installment of its Early Stage Venture Fund (ESVF).
Hony targets $2b for flagship China fund
Hony Capital is looking to raise $2 billion for its latest Greater China-focused fund. A first close of $1 billion is expected in mid-October.
Secondaries specialist NewQuest to seek $500m for Fund III
NewQuest Capital Partners, which targets secondary direct transactions across Asia, wants to raise $500 million for its third pan-regional fund.
India's Trifecta reaches $30m first close on venture debt fund
Trifecta Capital, the venture debt firm set up by former Canaan Partners Managing Director Rahul Khanna, has reached a first close of INR2 billion ($30 million) on its debut fund.
Bank of Tokyo-Mitsubishi commits $30m to Asia climate fund
Bank of Tokyo-Mitsubishi UFJ (BTMU) has committed $30 million to Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Japan’s Orix Corp, and Robeco Institutional Asset Management.
ADV in $545m final close on debut Asia fund
ADV Partners has reached a final close of $545 million on its debut pan-regional fund, exceeding the $500 million target. Approximately 30% of the corpus has already been deployed.
Australia's PEP closes Fund V at A$2.1b
Pacific Equity Partners (PEP) has closed its fifth Australia and New Zealand-focused fund at the hard cap of A$2.1 billion ($1.5 billion). The vehicle came in oversubscribed as LP interest grew following a string of exits by the GP over the past 18 months....
Super funds support Blackbird's $143m Australia VC vehicle
Australia-based venture capital firm Blackbird Ventures has raised A$200 million ($143 million) for its second fund, winning support from local superannuation funds First State Super and HOSTPLUS.
Carlyle closes third Japan fund at $1b
The Carlyle Group has closed its third Japan-focused fund at JPY119.5 billion ($1 billion), exceeding the target of JPY100 billion.
Everstone closes third India fund at $730m
Everstone Group has closed its third fund – which focuses on India as well as overseas businesses that benefit from rising Indian domestic consumption – above target at $730 million.
Gobi raises RMB fund for China start-ups
Gobi Partners has formed a RMB600 million ($94.1 million) fund that will focus on seed, pre-Series A and Series A investments in early-stage Chinese companies.
Kalaari closes third India VC fund at $290m
Kalaari Capital has closed its third venture capital fund, Kalaari Capital Partners III, at $290 million. The fund will invest in early-stage Indian technology-oriented companies.