Fundraising
Indian condiments maker to back PE fund
Indian condiment maker Eastern Group will back a INR1.25 billion ($19.9 million) private equity fund in partnership with venture capital firm CapAleph Advisors.
Vivo boosts fund for cross-border play
Healthcare-focused Vivo Capital has attracted increasing attention from LPs for its hybrid focus on the US and China. As testament to this, its latest fund - Vivo Capital Fund VIII - closed at $750 million after nine months in the market, with demand...
Accel raises $305m for India fund
Venture capital firm Accel Partners has raised $305 million for its fourth country-focused fund to invest in Indian start-ups.
China's Alibaba backs Israeli venture fund
Alibaba Group has made an LP commitment to the latest fund being raised by Israel-based VC firm Jerusalem Venture Partners (JVP). It comes two months after the Chinese e-commerce giant made its first director investment in Israel.
India's Trifecta secures RBL as anchor, raises target to $64m
Trifecta Capital, the venture debt firm set up former Canaan Partners Managing Director Rahul Khanna, has secured a INR500 million ($8 million) anchor investment from RBL Bank for its debut fund, and set a new target of INR4 billion.
Vivo closes latest Sino-US healthcare fund at $750m
US-based Vivo Capital has closed its eighth fund at $750 million. It will invest in healthcare companies in the US and China.
Taiwan incubator AppWorks raises $50m start-up fund
AppWorks, a Taiwanese incubator, has raised NT$1.5 billion ($50 million) for a new fund to support domestic internet start-ups.
Australia's VentureCrowd partners with Sydney Angels
VentureCrowd - an Australian equity crowdfunding platform - has formed a partnership with angel investor group Sydney Angels in order to allow start-ups to tap new sources of capital.
RRJ makes Fund III filing, registers $762m
RRJ Capital has made a US regulatory filing for its third China and Southeast Asia-focused fund, indicating that $762 million has been committed by LPs so far. This does not necessarily reflect the full extent of the GP’s fundraising efforts.
Carlyle India executive quits to raise mid-market fund - report
Mahesh Parasuraman, managing director with the Carlyle Group in India, is said to be leaving the firm to launch a fund with Sunil Vasudevan, a former partner with India Value Fund Advisors (IVFA).
Mizuho Capital raises $170m for third mezzanine fund
Mizuho Capital Partners has launched its third fund focused on small- to medium-sized enterprises (SMEs) with initial commitments of JPY20.6 billion ($170 million).
PennSERS commits $50m to Primavera's second China fund
Pennsylvania State Employees’ Retirement System (PennSERS) has agreed to invest $50 million in Primavera Capital’s second China fund.
Alibaba, SAIC Motor launch $160m internet car fund
Chinese e-commerce giant Alibaba Group and SAIC Motor, the country's largest automaker, have launched a RMB1 billion ($160 million) fund to invest in the development of internet-enabled cars.
Bain Capital targets $2.5b for third Asia fund
Bain Capital is preparing to launch its third Asian fund with a target of $2.5 billion and a hard cap of $3 billion.
Q&A: Baring PE Asia's Jean Eric Salata
Baring Private Equity Asia has closed its sixth fund at $3.98 billion. CEO Jean Eric Salata explains how the firm has sized up to raise its largest-ever vehicle, and where he expects to deploy the capital
Global ambitions: China targets Israel VC
Chinese corporates and financial investors are gravitating to Israel in their quest for high-end technology. This has buoyed local VC activity and more cross-border expansion is likely to follow
Customized solutions: LPs look beyond the blind pool
Boyu Capital and Hopu Investment Management both participated in a $2.5 billion investment in Singapore-listed warehouse developer Global Logistic Properties (GLP) last year, but the other consortium members arguably make for more interesting reading....
China launches $4.8b Silk Road ecology fund
China has launched its first private equity fund that aims to improve the ecological environment in neighboring countries and regions.
VIDEO: Shearman & Sterling's Lorna Chen
Chinese GPs that made their names with renminbi-denominated funds and then sought to launch US dollar vehicles are finding it harder than they expected to win over international LPs, according to Lorna Chen, a partner with law firm Shearman & Sterling...
Taiwan's Bureau of Labor Funds issues real estate, infrastructure mandates
The Bureau of Labor Funds (BLF), Taiwan’s largest pension fund system, will allocate a total of $2.4 billion to 12 global alternatives managers - four in real estate and eight in infrastructure.
Australian LPs sacrificing higher returns due to fee concerns - AVCJ Forum
Australians are missing out on higher returns on their retirement savings as a result of superannuation funds’ preoccupation with the fees charged by private equity managers and their reluctance to participate in the asset class, industry participants...
JD, Beijing Water to launch $320m environment fund
China-focused private equity firm JD Capital has partnered with Beijing Water Business Doctor to launch a RMB2 billion ($320 million) environment fund.
IMJ's Koichi Saito launches new VC fund
Koichi Saito, a former partner at Japanese venture capital firm IMJ Investment Partners, has launched his own VC outfit - KK Fund.
TPG reaches $6.5b first close on latest global fund
TPG Capital has reached a first close of $6.5 billion on its latest global fund. The vehicle, which was formally launched last October, has a target of $8 billion and a hard cap of $10 billion.