Fundraising
Private equity and Asia's new rich
On two occasions last week, fund managers told me they were looking to attract capital, but not from the standard institutional LP. Is this a coincidence or the start of a new trend? It’s not yet clear. But one contributing factor of which we can be certain...
India to launch state-backed $1b innovation fund
India plans to roll out a $1 billion government-backed venture fund to support innovative companies that promise a better future to the poor.
Kedaara to pursue carve-outs from Indian conglomerates
Kedaara Capital, the private equity firm created by Manish Kejriwal and Sunish Sharma, formerly of Temasek India and General Atlantic India, respectively, will focus on investments in carve-outs and spin-offs of non-core assets from large corporations....
CrystalGenomics receives $2.6m from VC-backed fund
South Korea-based CrystalGenomics has secured KRW3 billion ($2.6 Million) through a private placement to the Korea Seoul Life Science Fund (KSLSF).
Citadel Capital seeks capital from Chinese LPs
Middle Eastern private equity firm Citadel Capital is seeking to raise capital in China and is in talks with a Beijing-based sovereign wealth fund, according to Stephen Murphy, the firm’s managing director responsible for institutional fundraising.
Morgan Stanley extends property fund's investment period - report
Morgan Stanley Real Estate Investing has received approval from LPs to increase the investment period of its $4.7 billion property fund, Morgan Stanley Real Estate Fund (MSREF), by one year.
Lightspeed targets $675m for ninth fund
Lightspeed Venture Partners is seeking $675million for its new global fund, according to a regulatory filing. The firm principally targets investments in China and India, as well the US and Israel.
Hony Capital raises $4b for new USD, RMB funds
Beijing-based Hony Capital, one of China’s largest private equity firms, has raised close to $4 billion from investors for two separate vehicles, both double the size of their respective predecessors.
Former head of SBI Macquarie seeks $500m for India fund
Violet Arch Capital Advisors, a startup run by Varun Bajpai, former head of SBI Macquarie Infrastructure Fund, is looking to raise $500 million for its debut fund. The vehicle will be sector agnostic, targeting opportunities that are driven by India’s...
Nomura postpones India infrastructure fund - sources
Japanese financial group Nomura Holdings has postponed its plans to launch a $500 million India-focused infrastructure fund due to the uncertain economic environment.
India's LIC Housing Finance to raise $96m fund
LIC Housing Finance, the mortgage lender owned by Life Insurance Corp. of India, plans to enter the private equity market with an INR5 billion ($96.5 million) urban development fund. Half of its corpus will go toward equity and equity-related investments...
Fourth quarter analysis: The end of multiples arbitrage?
Fourth-quarter analysis: Growth capital investments flounder; established GPs thrive in difficult markets; trade and secondary sales fail to pick up the capital markets slack.
Canaan Partners closes ninth fund at $600m
Canaan Partners, the venture capital firm that focuses on the US, India and Israel, has closed its ninth fund at $600 million. The new vehicle, which received commitments from both new and existing LPs, takes the firm’s total assets under management to...
Banker formally launches $1b Indonesia fund
A new Indonesian merchant banking operation plans to raise a $1 billion private equity fund that will target investments in the country. If successful, it would be the largest ever Indonesia-focused fund as well as one of the largest vehicles of its type...
Global PE fundraising endures weak fourth quarter
Global private equity fundraising ended 2011 weakly, with 108 funds attracting commitments of $52.4 billion in the fourth quarter, the lowest quarterly total since the start of the financial crisis. The provisional figure was marginally below the July-September...
Vivo Ventures closes seventh fund at $375m
Vivo Ventures, the US and Greater China-focused healthcare investment firm, has closed its seventh fund at $375 million. The firm now has more than $1 billion under management.
Q&A: Hamilton Lane's Mario Giannini
Mario Giannini, CEO of Hamilton Lane, discusses the fundraising climate globally and the impact of massive capital inflows on Asia.
Nomura enters China's PE space
Nomura Holdings has become the first Japanese financial services company to invest in Chinese private equity, after agreeing to participate as an LP in the Shanghai-based Jiu You Quan Xing Equity Investment Fund. The vehicle, which is managed by Jiu You...
Archer secures $1.5b for fifth fund
Projections for Archer Capital's fifth fund continued to increase even as the capital-raising environment in Australia got tougher. A target of A$1.2 billion ($1.2 billion) soon became A$1.4 billion and finally A$1.5 billion, which is where it closed...
Don't lose your head in a hot market
As we head into 2012, will investors’ appetite for Asian private equity be checked? Apparently not.
Temasek launches $1.9b China fund
Singaporean sovereign wealth fund Temasek has launched Pavilion Capital, an investment vehicle that will channel up to S$2.5 billion ($1.9 billion) into deals in north Asia.
Red Fort to raise $500m for second real estate fund
Red Fort Capital, an India-focused real estate investor, has announced it is targeting INR10-15 billion ($500 million) for its latest property fund.
Nomura becomes first Japanese firm to invest in Chinese private equity
Nomura Holdings said it would become the first Japanese financial group to make private equity investments in China, having reached an agreement with Shanghai-based Jiu You Quan Xing Equity Investment Fund. This follows the bank winning approval to participate...
PTC India to set up PE vehicle with sovereign wealth fund
PTC India has agreed to set up a private equity fund with an unnamed sovereign wealth fund, according to the chairman of the state-run power trading company. It will have initial capital of $200 million and target stakes in power projects in India and...