Fundraising
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.
India's Edelweiss reaches $205m first close on credit fund
India's Edelwiess Alternative Asset Advisors has reached a $205 million first close on its second credit vehicle, EW Special Opportunities Fund II (ESOF II).
Japan's Advantage to launch $400m Asia fund
Japanese mid-market GP Advantage Partners is looking to raise a $400 million fund targeting investments opportunities in Asia ex-Japan.
US-China incubator raises $5m for second seed fund
InnoSpring, a technology incubator platform focused on US and China-based companies, has raised $5 million for its second fund aimed at seed-stage investments.
Malaysia unveils six equity crowdfunding platforms
The Securities Commission of Malaysia (SC) has announced six registered crowd equity platforms that will be allowed to raise capital for small businesses and start-ups.
MC-Seamax closes maiden shipping fund at $300m
MC-Seamax Managagement, the US-based GP backed by Japanese conglomerate Mitsubishi, has reached a $300 million close on its maiden fund intended to take advantage of depressed prices in the global shipping industry.
China distress specialist Shoreline closes Fund III at $500m
China-focused distressed debt and special situations investor Shoreline Capital has closed its third fund at $500 million. The GP has also reached a first close of $115 million on an overflow vehicle.
Quadria closes maiden healthcare fund at $304m
Quadria Capital, the Singapore and India-based private equity firm, has reached a final close on its maiden healthcare fund at $304 million.
Japan ministries approve $80m for Osaka University VC fund
Japan's Ministry of Economy, Trade & Industry (METI), and the Ministry of Education, Culture, Sports, Science & Technology (MEXT) have approved a JPY10 billion ($80 million) investment by Osaka University into its recently launched venture capital arm.
LPs positive on Asia, weakening on China - survey
LPs are becoming more positive on Asia Pacific as they see an improved risk-reward profile in several markets, but their outlook on China has worsened compared to three years ago, according to a survey.
Australian former mining boss to launch resources fund
Hugh Morgan, the former chief executive of Australia's Western Mining Corporation, is looking to launch a new resources-focused fund.
Korean groups launch $180m North America infrastructure mandate
A group of Korean institutional investors led by a unit of KB Financial Group has awarded a North American infrastructure mandate worth $180 million to Fengate Capital Management.
Taiwan launches $120m Silicon Valley VC fund
Taiwan’s National Development Fund (NDF) and Ministry of Science and Technology (MST) have agreed to form $120 million VC fund that will invest in Silicon Valley tech start-ups.
Chinese insurers: GP or LP?
China’s insurance companies are allowed to have more exposure to private equity than ever before. This includes the right to set up their own GPs, but not all market players will plot such a course immediately
Fund focus: Accel, DJI to expand drone ecosystem
Accel Partners' $75 million investment in Chinese drone maker DJI earlier this month - said to value the company at $8 billion - came with an extra component: the two groups agreed to form a $10 million fund that would back other start-ups in the space.
CyberAgent Ventures launches $50m Southeast Asia fund
Japan's CyberAgent Ventures (CAV) - the corporate venture arm of the eponymous Japanese internet firm - has launched a $50 million fund focusing on Southeast Asia start-ups.
Accel, China's DJI launch $10m drone fund
Accel Partners and Chinese drone maker DJI - an Accel portfolio company - have launched a $10 million fund targeting start-ups developing drone-related products and services.
Energy: A world beyond funds
A small but growing band of GPs are modifying the conventional PE fund model in favor of solutions that better meet their needs. For those with long-hold, asset-heavy strategies, the future may lie in platforms
Zodius reaches $110m first close on India VC fund
Indian venture capital firm Zodius Capital has reached a INR7 billion ($110 million) first close on its $500 million technology-focused fund being raised in partnership with Avendus Capital.
CIC launches overseas direct investment arm
CIC Capital, an overseas direct investment arm of sovereign wealth fund China Investment Corporation (CIC), has begun operations and could have in excess of $40 billion put at its disposal.
CalPERS, QIC agree $764m Asia infrastructure partnership
Australia-based QIC has teamed up with California Public Employees' Retirement System (CalPERS) to create a A$1 billion ($764 million) Asia-Pacific focused infrastructure partnership.
Ant Financial launches $160m internet finance fund
Ant Financial Service Group, Alibaba Group’s online financials services affiliate, has launched a RMB1 billion ($160 million) fund to invest in internet and finance companies.