Fundraising
Hosen targets $400m for China food and agri fund
China-focused food and agriculture specialist Hosen Capital is looking to raise $400 million for its second US dollar-denominated fund.
Idinvest Partners launches $1b Sino-European fund
Idinvest Partners, a European PE firm that specializes in investments in small- and medium-sized enterprises (SMEs), has launched a EUR1 billion ($1.1 billion) cross-border investment fund to support European SMEs as they expand into Chinese markets....
Former Cyberagent Ventures Beijing head forms $30m China fund
Joei Dai, the former general manager of CyberAgent Ventures China in Beijing, has formed a venture capital firm Gravity Venture Capital (GVC) and is looking to raise $30 million to back Chinese start-ups.
Former Emerald Hill exec secures commitments for China fund-of-funds
Unicorn Capital Partners, a new China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners' former head of North Asia Tommy Yip, has secured initial commitments of $12 million for its maiden fund - Unicorn Partners Fund I.
VIDEO: CPPIB's Mark Machin
Canada Pension Plan Investment Board (CPPIB) is one of few North American LPs to set up an office in Asia and Mark Machin, the group's head of international and Asia president, admits it is not for everyone
Korea's KIC targets 50% alternatives allocation
Korea Investment Corporation (KIC), which is expected to surpass $100 billion in assets this year, wants to increase its allocation to alternative assets to 50% from the current level of 8%.
Cathay Capital launches Sino-French innovation fund
Cathay Capital Private Equity has launched a Sino-French Innovation Fund that is looking to invest in start-ups in France, China and the US.
Ascendent closes second China fund at $600m hard cap
Ascendent Capital Partners has reached a first and final close on its second China fund at the hard cap of $600 million. The vehicle has been in the market for around four months, following an official launch in March.
PENM Partners reaches $120m first close on Vietnam fund
Vietnam-focused GP PENM Partners has reached a first close of $120 million on its fourth fund. The vehicle has a full target of approximately $180 million.
US LPs and Asian GPs: Survival of the fittest
With US LPs refocusing their Asia exposure – reducing the number of commitments if not the aggregate size – smaller funds may be feeling the pinch. But this could benefit the long-term health of the market
Formation 8 to raise Asia VC fund
US venture capital firm Formation 8 is looking to raise a $400 million Asia fund to connect start-ups in the region with Silicon Valley.
Japan pension funds have out-dated view on PE risk - AVCJ Forum
Japan's pension fund industry needs to reevaluate its perception of private equity as a risky alternative asset, domestic LPs told the AVCJ Japan Forum.
Allegro closes Australia distress fund at $139m
Australian turnaround specialist Allegro Funds has closed its second vehicle at A$180 million ($139 million) and expects to see plenty of deal flow from domestic banks seeking alternative solutions to pushing distressed companies into insolvency.
Former Matrix China director launches RMB VC fund
Roger Hu, a director at Matrix Partners China, has teamed up with Yi Zheng, formerly vice president at Chinese dating app Momo, to launch a renminbi-denominated early-stage fund.
Hamilton Lane raises $1.5b for global co-investment fund
Hamilton Lane has reached a final close of $1.5 billion for its third co-investment fund, exceeding the $1 billion target.
Fund focus: InnoSpring builds cross-border bridges
San Francisco's Artisan State faced the classic start-up dilemma: a great idea with no way to make it happen. The firm knew there was demand for professional-quality photo books at affordable prices, but it didn’t have the facilities to produce them....
Fund focus: Shoreline rides the China credit cycle
Ben Fanger, co-founder and managing director at China distress specialist Shoreline Capital, divides credit cycles into four phases: a credit boom or misallocated lending; decelerating growth or credit tightening; the recognition that someone has to take...
Blue Sky reaches $11.5m first close on Australia VC fund
Australia-based alternatives investor Blue Sky has reached a first close of A$15 million ($11.5 million) on its second venture capital fund. The vehicle has a full target of A$30 million.
Arizona PSPRS commits $90m to StepStone Asia fund
Arizona Public Safety Personnel Retirement System (Arizona PSPRS) has agreed to commit up to $90 million to a StepStone AZ China and Asia Opportunity Fund.
India's Aavishkaar reaches $45m first close on $75m fund
India-based impact investor Aavishkaar has reached a $45 million first close on its South and Southeast Asia-focused fund, which has a full target of $75 million.
VIDEO: Guernsey Finance's Dominic Wheatley
Investors are increasingly looking to run their activities through high quality rather than mass-market jurisdictions in response to stricter regulatory scrutiny, according to Dominic Wheatley, CEO of Guernsey Finance
CLSA closes third Asia real estate fund at $1b
CLSA Capital Partners has closed its third Asian real estate fund - Fudo Capital III - at the hard cap of $1 billion, exceeding its initial target of $850 million.
Placement agent Forbes re-brands as FocusPoint
Placement agent Forbes Private Capital Group has re-branded as FocusPoint Private Capital Group following a management buyout from G2 Investment Group earlier this year.
IMAX, CMC Capital to launch China film fund
Movie theater operator IMAX Corporation and CMC Capital Partners will together launch a fund that will bankroll at least 10 Chinese-language movie productions.