Fundraising
CDH Investments to raise $350m VC fund - report
CDH Investments is reportedly in the process of raising a new venture capital fund worth $300-350 million. The fundraising is expected to reach a final close by the end of this year.
Ontario Teachers to up India exposure, back Kedaara Capital
Ontario Teachers’ Pension Plan (OTPP) plans to increase its allocations to India and Latin America in order to diversify its emerging markets exposure, which is currently more weighted towards China. The pension plan’s first India commitment was to...
Q2 analysis: Private equity goes public
Second-quarter analysis: Low public market valuations create investment opportunities; China fundraising slows; private equity firms perform cornerstone role in Asia IPOs.
Bain & Co: Harnessing Southeast Asia’s PE potential
Southeast Asia is ever more popular among PE investors. Identifying strong management teams, adding value and cultivating local networks are crucial to making deals work, according to Bain & Company’s Suvir Varma And Hugh MacArthur (pictured).
Bain raises $2.3 billion for second Asia fund
Bain Capital has completed fundraising for its second Asia fund at $2.3 billion, managing director Craig Boyce said at the AVCJ USA Forum in New York on Tuesday. He added that $300 million of the corpus was raised from Bain executives. The fund had a...
India’s IvyCap Ventures in $19m first close for debut fund
Early-stage investor IvyCap Ventures has reached a first close of INR1.05 billion ($19 million) on its debut fund. The full target for IvyCap Ventures Trust Fund I is INR2 billion.
Quadria Capital to raise a $300m healthcare fund
Quadria Capital is in the process of raising a $300 million fund to tap India's expanding healthcare market. Religare Global Asset Management, a unit of Delhi-based financial services group Religare Enterprises, has become an anchor investor, committing...
IDFC-backed Green Infra seeks $200m in funding - report
Green Infra, the Indian clean energy producer backed by IDFC Private Equity, a wholly-owned unit of India's Infrastructure Development Finance Company, is reportedly seeking to raise $200 million in funding.
Treedom launches Asia-focused forestry fund
Treedom Investments, a specialist investment advisor in the renewable resources sector, has launched the Asia Renewable Resources Fund (ARRF), which will focus on investments in forestry-related products.
CapitaMalls Asia raises $1b for China Development Fund III
CapitaMalls Asia, the shopping malls arm of Temasek-owned CapitaLand, has announced the establishment of its China Development Fund III with a fund size of $1 billion. The vehicle, with a fund life of eight years, will invest in the development of shopping...
Anacacia Fund II reaches $75m first close
Australia’s Anacacia Capital has completed the first close of its Anacacia Fund II at $75 million within weeks of opening, raising 50% more than its original target. Superannuation funds, fund of funds and family offices from Australia and overseas...
Australia's Hastings raises $626m for infrastructure fund
Hastings Funds Management announced that its Utilities Trust of Australia (UTA) has reached a first close on its infrastructure fund with commitments of A$610 million ($626 million). The amount is in line with expectations outlined in January 2012 and...
CHAMP Ventures closes seventh fund at $483m
Australian GP CHAMP Ventures has closed its latest fund at A$475 million ($483 million) despite a challenging fundraising environment. The vehicle, which launched in August 2010, was oversubscribed, having initially targeted A$450 million.
China considers new rules for private funds
Chinese legislators are reviewing a draft amendment to the Securities Investment Funds Law that would impose new regulations on private equity vehicles. The changes are designed to restrict illegal fundraising and insider trading.
New Zealand’s MOVAC closes third fund at $33m
New Zealand-based early-stage investor MOVAC has raised NZ$42 million ($33.2 million) for its third fund. It will invest sums of NZ$1-5 million in local companies with an established track record that require growth capital.
Sinopharm Capital to launch $157m RMB fund
Sinopharm Capital, a subsidiary of drug distributing conglomerate Sinopharm, has launched an RMB1 billion ($157 million) fund that will invest in different segments of the healthcare industry.
ASK Property closes $175m real estate fund
ASK Property Investment Advisors (ASKPIA), a subsidiary of financial services firm ASK Group, has announced a final close of its second real estate fund on INR10 billion ($175 million).
KKR reaches halfway point on $6b Asia fund
KKR has reached the halfway point in fundraising for its second Asia fund, receiving more than $3 billion in commitments. According to a regulatory filing, third-party investors have pledged $2.76 billion to KKR Asian Fund II, with general partners putting...
Indonesia's Saratoga closes fund three at $600m
Saratoga Capital has closed its third fund at $600 million, according to sources familiar with the situation. It took the Indonesia-based firm about six months to close the new vehicle, which will make investments across Southeast Asia.
CITIC Securities launches buyout fund
China's CITIC Securities has received regulatory approval to establish its first buyout fund, which will be managed by Goldstone Investment, the brokerage’s direct investment arm.
Partners Group exceeds $800m with real estate fund
Partners Group has closed its Global Real Estate 2011 program at more than $800 million.
RRJ Capital targeting $5b Asia fund – report
RRJ Capital, the private equity firm set up by former Hopu Investment Management executive Richard Ong, is looking to raise at least $5 billion for its second pan-Asian fund. The vehicle will follow its predecessor in focusing on China- and Southeast...
PennSERS commits $50m to Asia Alternatives’ third fund
The Pennsylvania State Employees’ Retirement System (PennSERS) has committed $50 million to Asia Alternatives' third fund-of-funds, which was launched early last year with a target of $1 billion. As of September 2011, it had attracted $375 million,...
AVCJ China Awards: RMB Fundraising of the Year – Cowin Capital
After barely three months in the market, Shenzhen-based Cowin Capital successfully closed its Nanhai Growth Fund V in June 2011 at a total of RMB2.5 billion ($393 million). The vehicle took the VC firm’s total assets under management past RMB7.5 billion.