Fundraising
LPs remain loyal to Asia Alternatives
New York State Common Retirement Fund (NYSCRF) made its first direct China commitment in 2011, investing $100 million in Hony Capital’s fifth fund. Over the preceding years, the LP fashioned a more targeted Asia strategy, complementing its participation...
Lexington raises largest ever secondaries fund
Lexington Partners reached a final close on its eighth global secondaries fund at the hard cap of $10.1 billion. It is the largest dedicated secondaries vehicle ever raised.
I Squared closes debut global infra fund at $3b
I Squared Capital, a private equity firm set up by former Morgan Stanley managers, has closed its first global infrastructure fund at $3 billion.
Brandon raises $154m for Australia life sciences fund
Australian life sciences-focused VC firm Brandon Capital has reached a A$200 million ($154 million) final close on its latest vehicle - the Medical Research Commercialisation Fund 3 (MRCF 3).
India's IDFC targets $400m private equity fundraise
IDFC Alternatives is preparing to launch its latest private equity fund soon, which will have a target of $400 million.
Asian LPs back Israel-based Viola’s $250m fund
At least six Asian investors are LPs in the latest fund being raised by Israel-based technology growth capital and buyout firm Viola Private Equity, which reached its targeted amount of $250 million.
Japan's Dentsu launches $42m corporate venture fund
Japanese advertising agency Dentsu has established a new corporate venture capital arm, Dentsu Ventures, and launched a new fund with a corpus of JPY5 billion ($42 million).
NEA closes giant $2.8b global VC fund
New Enterprise Associates (NEA) has reached a final close on its 15th global flagship fund at $2.8 billion, and raised an additional $350 for a new co-investment vehicle - NEA 15 Opportunity Fund.
First quarter analysis: Slow start
Slower investment in the first quarter is either an historical norm or a worrying sign; fundraising flies by for the few, the majority still struggle; Asia’s exit bonanza comes to a sudden stop as trade sales weaken
Fund-of-funds: Creatures great and small
Global fund-of-funds are looking to scale up and become more diversified, while many of their smaller counterparts are pursuing niche strategies. Is the model in a state of decline or a state of revolution?
Asia Alternatives raises $1.8b for funds, separate accounts
Asia Alternatives Management has closed $1.8 billion in new commitments from LPs, comprising $1 billion for co-mingled fund-of-funds and $800 million in separately managed accounts.
TVM reaches $50m first close on China pharma fund
TVM Capital Life Science has reached a first close of $50 million on its debut China fund, which will invest in Western companies with a view to obtaining licenses for development and commercialization in China.
China VC firm Qiming raises $75m annex fund
Qiming Venture Partners has raised a $75 million annex vehicle on top of its third US dollar-denominated fund for follow-on investments in existing portfolio companies.
Japanese biotech firm targets $42m venture fund
An investment unit of Japanese biotech company Euglena is looking to raise JPY5 billion ($41.5 million) for a VC vehicle it has launched alongside SMBC Nikko - which is controlled by Sumitomo Mitsui Financial Group - and science start-up incubator Leave...
Texas County & District re-ups for RRJ Capital’s third fund
Texas County & District Retirement System (TCDRS) will invest $50 million in RRJ Capital’s third fund, which launched earlier this year and is understood to be targeting at least $4 billion.
Ascendent seeks $500m for second China fund
China-focused GP Ascendent Capital Partners has set a target of $500 million for its second fund.
Johnson & Johnson commits $15m to Vivo's healthcare fund
Johnson & Johnson Innovation (JJDC) - the venture capital arm of the eponymous healthcare and consumer goods multinational - has committed to $15 million to Vivo Capital's latest US and China-focused healthcare fund.
IDB, Pertamina Pension Fund to set up private equity JV
The Islamic Development Bank (IDB) and Indonesia's Pertamina Pension Fund have agreed to set up a joint venture private equity firm to invest in infrastructure and other projects in Indonesia.
Top Standard Chartered banker quits to raise PE fund
Viswanathan Shankar, Standard Chartered's group executive director and CEO for Europe, Middle East, Africa and Americas is leaving the firm to set up his own private equity fund.
India Value Fund Advisors in $500m first close on Fund V
India Value Fund Advisors has reached a first close of $500 million on its fifth Indium fund, which has a hard cap of $700 million.
VIDEO: Navis Capital Partners' Rodney Muse
Nothing is off limits now when LPs are conducting due diligence on private equity firms as investors respond to issues such as regulatory change, according to Rodney Muse, co-founder and managing partner of Navis Capital Partners
Creador to seek $450m for Fund III
Creador is preparing to launch its third Southeast Asia- and India-focused fund with a target corpus of $450 million. This comes barely eight months after the GP closed its second fund at $330 million.
China's middle market: Small is beautiful
What has become of China's middle-market GPs? Twelve managers reached final closes in 2014 of $301-750 million. All bar two of them were raising venture capital funds.
Baring branches into real estate
BPE Asia Real Estate, the property-focused affiliate of Baring Private Equity Asia, picks its markets based on entry price per square foot. When investing in property developments, this is inextricably tied to land costs.