Fundraising
Ex-IDG partners seek $160m for debut China TMT fund
Feng Li and Ben Lin, formerly partners at IDG Capital Partners, are looking to raise RMB1 billion ($160 million) for their debut China venture fund.
Fund focus: CDIB’s differentiated middle-market play
It was 2008 and CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), had been looking at potential investments in the online gaming space. However, most of the companies it found were overvalued or deemed too risky because their livelihoods...
Fund focus: IVFA sees slow turn in LPs' India sentiment
A host of India-focused GPs are currently in the market, looking to raise funds on the back of improved investor sentiment following the election of reformist Prime Minister Narendra Modi last year.
India exits: Where’s the cash?
India Value Fund Advisors (IVFA) has now raised five funds. The first is fully liquidated and the second is close to that mark. The third will deliver the bulk of the $600-700 million the GP expects to return to LPs this year, and the fourth – a 2009...
Australia’s QIC in $735m first close on global infrastructure fund
QIC, an investment manager controlled by the Queensland government, has reached a first close of more than A$1 billion ($735 million) on its global infrastructure fund. The overall target is A$1.75 billion.
CDIB closes debut Asia fund at $405m
CDIB Capital, the private equity arm of Taiwan’s China Development Financial (CDF), has reach a final close of $405 million on its maiden Asian fund.
IVFA reaches $700m final close on India fund
India Value Fund Advisors (IVFA) has reached a final close on its fifth India-focused fund at the hard cap of $700 million.
Golden Gate reaches first close on SE Asia VC fund
Singapore-based Golden Gate Ventures has reached a first close of $35 million on its second Southeast Asia-focused fund, Golden Gate Ventures Fund II.
LP interview: Germany's DEG
Active in Asia for 50 years, German development finance institution DEG can claim a role in the emergence of PE in the region. Singapore-based Marcus Bracht explains how its strategy has evolved since then.
Fund focus: GSR fuels its global ambition
Bringing overseas technology to China is a popular investment thesis among GPs. However, while the likes of Fosun International and Hony Capital have completed several cross-border deals, this is not their sole proficiency. GSR Capital is therefore an...
GSR, Go Scale raise $1b for M&A fund, seek to deploy $5b – update
GSR Capital and its affiliate Go Scale Capital has raised $1 billion for a cross-border buyout and M&A fund, which it hopes will translate into $5 billion worth of dry powder once debt financing and co-investment are factored in.
Orios launches $150m India early-stage fund
Indian VC firm Orios Venture Partners has launched a new $150 million fund to support start-ups in various branches of the technology sector.
Carlyle registers $775m for third Japan fund
The Carlyle Group has registered just over $775 million for its third Japan fund - Carlyle Japan Partners III.
DCM closes second Android fund at $100m
DCM has raised $100 million for its second Android-focused fund, which will target start-ups building apps for Google’s mobile operating system.
China angels: Divine intervention
Angel investors, both unsophisticated amateurs and industry-savvy professionals, are flooding into China’s tech sector in search of stellar returns. Everything looks great as long as the market keeps on going up.
Fund focus: Shunwei raises $1b, eyes growth deals
The line between venture and growth capital in China has always been blurred, and in recent years it has become more so as start-ups raise ever larger private rounds. Nevertheless, based on AVCJ Research’s records, with $1 billion at its disposal across...
Singapore's Temasek, UOB to offer $500m in venture debt
Singapore's government-sponsored investment fund Temasek Holdings and United Overseas Bank (UOB) have agreed to form a joint vehicle which will offer $500 million in venture debt financing to start-ups in China, India and Southeast Asia.
Japanese tech entrepreneurs form Tokyo Founders Fund
A group of Japanese tech entrepreneurs have formed a new start-up-focused fund called Tokyo Founders Fund, styled after Silicon Valley’s own Founders Fund.
GLP forms $7b China logistics fund
Singapore-listed warehouse operator Global Logistic Properties (GLP) has launched a $7 billion fund for developing logistics facilities in China.
Australia's tech founder launches $37m VC fund
Victor Jiang, the founder of Australian professional services platform Skillsapien, is seeking to raise A$50 million ($37 million) for his new Sapien Ventures fund.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.
Southeast Asia fundraising: Gaining a foothold
Southeast Asia continues to be a challenging environment for new fund managers, but many GPs have found ways to market their products. Reaching LPs’ required standard of competence is the key.
2Q analyisis: The bulls hesitate
China's equities wobble is unlikely to discourage companies from local listings, and a rise in renminbi fundraising could result; Asia investment hits record high; public market sales dominate exit activity
Taiwan’s MediaTek commits $10m to new Walden Riverwood fund
Gaintech, a unit of Taiwanese fabless semiconductor producer MediaTek, has committed $10 million to the latest fund launched by early-stage tech venture capital firm Walden Riverwood Ventures.