Fundraising
EQT's new fund goes global
The acquisition of a 65% stake in Qinyuan Bakery in 2010 was EQT Partners’ debut food service sector investment in China. Yet the deal was familiar territory for the GP, which was able draw on previous portfolio investments in Europe, including Vaasan&Vassan,...
Auda raises $332 million for third global secondaries fund
Auda International has announced a final close on its third global secondaries fund at $332 million, exceeding the initial target of $300 million. Existing Auda investors accounted for more than 60% of the capital raised.
IDG spin-out Banyan Capital raises $206m for China fund
Banyan Capital, a China-focused VC group that spun out from IDG Capital Partners, has closed its debut fund at $206 million. High net worth individuals – primarily the founders and CEOs of companies the team backed while at IDG – contributed more than...
VC firms back Irish start-ups in China
Led by the likes of Google, Facebook and LinkedIn, US tech companies have flocked to Ireland due to its EU access and business friendly policies, creating around 140,000 local jobs in the process. This has fostered spin-outs and serial entrepreneurs across...
India's National Innovation Council launches $792m fund
India's National Innovation Council (NIC) and the Ministry of Micro, Small and Medium Enterprises (MMSME) have together launched a new venture fund targeting INR50 billion ($792 million).
CDH to close China fund at $2.55b
CDH Investments will reach a final close on its fifth US dollar-denominated China fund at the end of next week, having raised the hard cap to $2.55 billion in order to accommodate investor demand.
Hong Kong-listed A8 commits to tech-focused Qingsong Fund
A8 Digital Music Holdings, a Hong Kong-listed media corporation, has committed RMB20 million ($3 million) to acquire an approximately 6% interest in Qingsong Fund II.
CICC, Qianhai Financial Holdings launch $3.3b PE fund
China International Capital Corporation (CICC) has teamed up with Qianhai Financial Holdings, a wholly-owned unit of the Administrative Bureau of Qianhai, to launch a private equity fund, targeting RMB20 billion ($3.3 billion).
Japan's Venture United raises $11m fund
Venture United - the corporate investment arm of Japanese media group United - has raised a new JPY1.26 billion yen ($11 million) fund focusing on internet-related start-ups.
Partners Group, Mizuho target Japanese pension funds
Partners Group has reached a deal with Mizuho Financial Group (MFG) to jointly develop and distribute global private equity and infrastructure products to Japanese pension schemes.
Weil hires Asia fund formation lawyer from Kirkland & Ellis
International law firm Weil has appointed Albert Cho as a partner in its private funds group in Hong Kong. He joins from Kirkland & Ellis, where he served as a partner in both the New York and Hong Kong offices.
EQT reaches $1.4b close on mid-market fund
EQT Partners has reached a final close of EUR1.1 billion ($1.48 billion) on its EQT Mid Market fund, which will focus on middle market buyouts and growth equity investments in Greater China, Southeast Asia and Northern Europe.
China's WestSummit raises $325m across two tech funds
Beijing-based growth capital firm WestSummit Capital has raised $325 million across two funds, comprising $225 million for West Summit’s Fund II and $100 million for its China Ireland Technology Growth Capital Fund.
Inventus closes Fund II at $106m
Inventus Capital Partners has reached a final close on its second fund at $106 million, exceeding the $100 million target.
Asia, Middle East LPs help Affinity to $3.8b close on Fund IV
Affinity Equity Partners has reached a final close of $3.8 billion on its fourth pan-Asian fund, with investors from Asia and the Middle East accounting for a larger share of the corpus than their North American counterparts.
Boyu reaches $1.5b target for second China fund – report
Boyu Capital has reportedly raised $1.5 billion for its second China-focused fund. A final close is expected within a few weeks.
Mayfield raises at least $86m for India fund
Mayfield has raised at least $86 million for its second India fund, which was launched a year ago.
KKR fundraiser Clifford Chiu to retire
Clifford Chiu, a leading figure in KKR’s Asia fundraising efforts, will retire in June after seven years with the firm. He will return with his family to the US.
Portfolio Advisors closes global secondaries fund at $910m
Portfolio Advisors has closed its second dedicated global private equity secondaries fund at $910 million. The vehicle launched in 2011 and began investing in the third quarter of 2012, focusing on direct secondary fund interests.
India's ASK Group reaches first close on offshore real estate fund
ASK Group has reached a first close of $50 million on its debut offshore real estate fund. The full target for the vehicle, which will invest in middle income residential projects in Mumbai, Bangalore, the Delhi National Capital Region (NCR), Pune and...
India Awards: Fundraising of the Year – Kedaara Capital
In India's challenging fundraising environment, GPs – especially first-time fund managers – should expect the marketing process to be difficult and protracted. In 2013, LPs committed just $2.2 billion to domestic managers, down from $2.4 billion the previous...
Q&A: Wolseley Private Equity's Richard Burrows
While other Australian GPs have moved on to larger transactions, Wolseley Private Equity remains resolutely lower mid-market. Richard Burrows, a director at the firm, explains why
4Q analysis: IPO awakening
Public market offerings return, or at least expectations of them; pan-regional players shore up weak fundraising market; growth deals to the fore as buyouts recede
Big brother: Japan's government LPs
The government is becoming an increasingly significant LP in Japanese private equity funds. Smaller GPs can’t live without it but there are wider concerns about sustainability and long-term economic impact