Fundraising
OrbiMed targets $300m for second Asia healthcare fund
Healthcare-focused private equity firm OrbiMed Advisors is targeting $300 million for its second Asia fund. The PE firm raised $188 million for its debut regional vehicle in 2008.
Sequoia raises $370m for China VC fund
Sequoia Capital has raised $370 million for its latest China-focused venture capital fund.
Anacacia reaches Fund II final close
Anacacia has reached a final close on its second fund, Anacacia Fund II, at a hard-cap of A$150 million. The fund, which was first launched in July last year with a target of A$50-100 million ($44-89 million), reached its first close of A$80 million within...
Financial technology: The new normal
Initiatives are in place to make private equity reporting faster, more detailed and completely standardized. Are the guidelines a good fit for the industry in Asia and what are GPs doing to meet them?
China Tiantu Capital closes sixth RMB fund at $160m
Tiantu Capital has closed its sixth renminbi-denominated fund on RMB1 billion ($160 million). The vehicle will mainly invest in China's consumer sector.
Japan's Advantage reaches final close on $200m bridge fund
Japanese mid-market buyout firm Advantage Partners has closed its latest fund, having reached the JPY20 billion ($200 million) hard cap after about five months in the market.
India’s Lighthouse makes $60m first close on Fund II, eyes early 2014 completion
Lighthouse Funds has reached a first close of approximately $60 million on its second India-focused fund. The GP is now targeting a final close of $125 million in the first quarter of 2014, but as a source familiar with situation told AVCJ, economic and...
Carlyle registers third Japan fund
The Carlyle Group has registered its third Japan buyout fund with the US Securities and Exchange Commission (SEC). Although initial reports put the target at $2 billion, sources told AVCJ in June that the GP was looking for around $1 billion.
INCJ invests $27m in Japan patent fund
Government-backed Innovation Network Corporation of Japan (INCJ) has invested JPY2.75 billion ($27.8 million) in a fund that will buy unused patents and license them to domestic start-ups.
Japan's ACA targets $100m for domestic IT fund
Japanese buyout firm Asian Capital Alliance (ACA) is targeting $100 million for a new fund focused on businesses in the domestic information and communications technology space.
Affinity reaches $2.5b second close on Fund IV
Affinity Equity Partners has reached a second close of $2.5 billion on its fourth Asia buyout fund. The private equity firm has been on the road for about nine months in what is a challenging fundraising market for Asian GPs, with just $17.3 billion raised...
DCM targets $250m for China VC fund
DCM is seeking $250 million for its latest China-focused fund. The target for Venture China Fund VII is less than the $400 million raised for DCM's previous vehicle, which invests in China, the US and Japan.
Creador set for $105m first close on Fund II
India and Southeast Asia-focused GP Creador is expected to reach a first close of $105 million on its second fund by mid to late August. The full target is $250 million.
Bright Stone targets $4.8b for China tourism fund
China Bright Stone Investment has partnered with the Guizhou provincial government to launch the country's first tourism-focused fund, targeting up to RMB30 billion ($4.8 billion). The vehicle – Wuling Mountains travel industry investment fund - will...
Rich man’s game: The cost of fundraising in Asia
Asian GPs and fund lawyers are struggling with a demand-supply imbalance. LPs are negotiating more and conceding less - but for all that managers say fundraising costs are going up, lawyers say fees are going down
IndiaVenture eyes $25m first close on healthcare fund
IndiaVenture Advisors (IVA), the PE arm of Indian healthcare company Piramal Enterprises, expects to reach a first close at around INR1.5 billion ($25 million) next month on IndiaVenture Trust Fund II, which has a full target of INR10 billion.
J-Star reaches $205m final close in Fund II
Japanese mid-market buyout firm J-Star has reached at JPY20.4billion ($205 million) final close on its second buyout fund.
Q&A: KKR's Joe Bae
KKR last week announced a final close of $6 billion on its second pan-Asia fund, the largest vehicle of its kind ever raised in the region. Joseph Bae, KKR's head of Asia, tells AVCJ how it will be deployed
2Q analysis: China in the spotlight
All is not well for China PE investment with one big deal disguising a period of relative inactivity; China exits, on the other hand, are prospering; and Asia PE fundraising is, of course, struggling
Ant Global Partners' $150m secondary fund targets Greater China, Japan
Ant Global Partners (AGP) - the international investment arm of Japanese PE firm Ant Capital Partners - is targeting $150 million for a new secondary fund focused on Greater China and Japan.
Toho Bank, Yamada Business Consulting establish $10m VC fund
Japan's Fukushima-headquartered Toho Bank has established a JPY1 billion ($10 million) venture capital fund, along with Tokyo-based Yamada Business Consulting, to provide early-stage capital to Japanese businesses.
Kedaara raises at least $500m for debut India fund
Kedaara Capital, a private equity firm established by former Temasek India head Manish Kejriwal, is said to have raised $500 million for its debut fund. Another source indicated to AVCJ that Kedaara was on course for $550 million and might push on to...
Swedish asset manager backs $120m Philippines fund
Swedish alternative asset manager Brummer & Partners is backing a PHP5 billion ($120 million) Philippines-dedicated private equity vehicle known as the Navegar Fund.
HarbourVest raises $3.6b for global secondaries fund
HarbourVest Partners has reached a final close of $3.6 billion on its latest global secondaries fund, exceeding the $3 billion target, on the back of strong investor demand. The fund, Dover Street VIII, is also larger than its predecessor, which reached...