Fundraising
Oregon Investment Council backs Morgan Stanley, RRJ funds
Oregon Investment Council (OIC) has committed $75 million to Morgan Stanley Private Equity Asia’s (MSPEA) fourth pan-regional fund. The vehicle, which reached a first close of $750 million towards the end of last year after less than six months in the...
J-Star to close Fund II at $200m by end-June
Japanese mid-market GP J-Star will reach a final close on its JPY20 billion ($210 million) second fund by the end of this month, sources familiar with the matter told AVCJ.
Blackstone draws $1.5b in commitments for Asia property fund - report
The Blackstone Group has so far managed to attract $1.5 billion of capital commitments for its first Asia real estate fund, targeting $4 billion.
Angels say SE Asia ripe for 500 Durians
Dave McClure, Silicon Valley super angel and founding partner of 500 Startups, was on the road in Asia once again this month as part of his firm’s “Geeks on a Plane” (GOAP) tour. While this was not the first time the tech-focused venture capital...
City e-Solutions commits $25m in China property fund
CES Capital, a private equity arm of Hong Kong-listed City e-Solutions (CES), has committed $25 million to BEA Blue Sky Real Estate Fund, a vehicle operated by Bank of East Asia. The CES Capital contribution represents about half of the target fund size.
China Haitong Securities PE arm eyes buyout funds – report
Haitong Capital Investment, the PE arm of China Haitong Securities, is expected to launch its first renminbi- and US dollar- denominated buyout funds, targeting at least $526 million.
AIFMD: Brussels flexes it muscles
Europe’s Alternative Investment Fund Managers Directive (AIFMD), which comes into effect in July, will change the way private equity funds are marketed to EU investors. What does it means for Asian GPs?
A taste of Europe: Asian investor objectives
Asian LPs have become part of the landscape of European private equity, pursuing opportunities across buyouts, secondaries, credit and distress. But what do they really want from the region?
India’s Aavishkaar to close VC Fund II at $95m, raise SE Asia fund
Aavishkaar Venture Management, which funds enterprises in India’s rural areas, is to close the Aavishkaar II fund at $95 million. Investors include the International Finance Corporation, Cisco, KfW, FMO, CDC Group and Rianta Capital, a London-based...
500 Startups to launch Southeast Asia fund
The founder of Silicon Valley early-stage investor 500 Startups, David McClure, is looking to launch a $10 million micro fund targeting Southeast Asia.
CITIC PE to launch offshore energy fund with Canadian asset manager
CITIC Private Equity has entered into a joint venture with Canadian asset manager Sprott to set up an offshore global resources fund. The vehicle fits in with China’s strategic interest in acquiring overseas energy assets required to sustain economic...
Globis upbeat on Fund IV first close
When Japanese tech-focused VC Globis Capital Partners raised its third fund in 2006, it was against a very different backdrop. The process took just four months and the vehicle closed at JPY18 billion, JPY3 billion over target.
JBIC, Mizuho partner with Singapore government to promote SMEs
Mizuho Corporate Bank (MHCB) and Japan Bank for International Cooperation (JBIC) have signed an agreement with SPRING Singapore, an agency under the Ministry of Trade and Industry, to encourage collaboration between small businesses in Japan and Singapore.
China’s Fosun nears first close on $1b outbound fund
Fosun International is targeting $1 billion for its Chinese Momentum Fund that will invest in foreign companies seeking to expand in China, with a particular focus on Europe. The fund is approaching a first close in excess of $300 million, AVCJ has been...
Internal tensions
Henpecked husband versus nagging wives - this was the description attached to the china GP-LP relationship in a recent paper. It makes one think of the times fund managers have remarked on getting phone calls from some of their, erm, keener fund-of-funds...
KKR to raise $365m structured credit fund – report
KKR is said to be targeting INR20 billion ($365 million) for an India debt fund that will invest in mezzanine and structured credit instruments. Its India Alternative Credit Opportunities Fund I was registered with the Securities and Exchange Board of...
Japan's Globis reaches $78m first close on Fund IV
Tokyo-based venture firm Globis Capital Partners has reached a first close on its fourth fund a JPY8 billion ($78 million). Globis Fund IV, will focus on Japanese companies looking to capitalize on high-growth Asian markets as well as those in the domestic...
Q&A: Intel Capital's Sudheer Kuppam
Sudheer Kuppam, managing director for India, Japan, Australasia and Southeast Asia at Intel Capital, outlines his plans to usher Asian consumers onto technology platforms by meeting local needs in local languages
IFC commits $20m to Armstrong's SE Asia cleantech fund
International Finance Corporation, the World Bank's investment arm, has committed $20 million to Singapore-based Armstrong Asset Management's Southeast Asia cleantech fund.
Warburg Pincus raises $11.2b for global fund
Warburg Pincus has reached a final close of $11.2 billion on its latest global fund, one of the largest private equity vehicles raised since the global financial crisis. The firm fell short of its $12 billion target – as well as the $15 billion amassed...
IFC considers $20m investment in Hosen’s China agri fund
International Finance Corporation (IFC) plans to invest up to $20 million in Hosen Capital’s New Hope Agriculture and Food Fund II, which launched last June and is targeting $180 million for investments in China’s agriculture sector. It is further...
Japan's New Horizon, Integral bullish on fundraising
Japan's New Horizon Capital is considering enlarging its second fund against a backdrop of improved investor sentiment in the country. Integral Corp. cites similar reasons for the strong response to its own second fund, which is expected to reach a final...
Carlyle reaches $1.5b on fourth Asia buyout fund
The Carlyle Group has so far raised $1.5 billion for its fourth Asia buyout fund, which is expected to reach a final close of $3.5 billion by the end of this year. William E. Conway, the private equity firm’s co-founder and co-CEO, said in the first...
Mandarin Capital opens in Frankfurt, expects first close on Fund II in June
Sino-European private equity firm Mandarin Capital Partners has extended its network in German-speaking regions by opening a new office in Frankfurt. The move comes as the firm nears a first close of around EUR200 million ($263 million) on its second...