Fundraising
H&Q to launch first renminbi fund
H&Q Asia Pacific is looking to tap Chinese institutions and individuals as LPs for its first renminbi-denominated fund.
India Awards: Fundraising of the Year – Everstone Capital
For all the concerns raised about the prospects for Indian fundraising in 2012, fund managers with strong track records – whether spin-outs, franchise reboots or longstanding players – should still be able to attract capital. This notion holds up when...
Fund concessions: A tailored fit
The fees debate might not have arrived in Asia, but a string of other LP demands has. Fund managers must manage their investors as carefully as their investments
Archer Capital closes fifth fund at $1.5b
Australia’s Archer Capital has closed its fifth fund at A$1.5 billion ($1.52 billion), having spent less than four months in the market. The vehicle, which counts domestic and international institutions among its investors, was significantly oversubscribed....
CHAMP Ventures buys Australian specialist safety wear retailer
CHAMP Ventures has purchased a 79% stake in RSEA, Australia’s largest specialist safety retailer of hard hats, high-visibility wear and site signs. The remainder is held by company management, including 18% by Managing Director Brandon Chizik who will...
Venture fund to target India's neglected Dalit people
The Dalits, a group that faced years of prejudice at the bottom of India’s caste system, are set to benefit from the country’s first ever venture capital fund focusing solely on Dalit-owned enterprises. It plans to support a combination of start-ups and...
The year that was
Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets, growth...
Asian private equity to return to full force in 2012?
As it is customary for this time of the year, many of the professionals in Asian private equity are beginning to go on their holidays. While dealmaking activity continues for some of the harder working ones, it is clear that activity is becoming slower....
Kotak Realty raises $98.2m for properties fund
Kotak Realty Fund has raised INR5.23 billion ($98.2 million) from domestic LPs for a fund that will provide high-yield debt instruments to real estate developers.
OneGate, Catalyst set up Sino-Israeli fund manager - report
Shanghai-based private equity fund OneGate Capital and Israel's Catalyst Investments have set up a fund manager called China Israel Technology Fund Management Company.
New Chinese rules clamp down on illegal fundraising
Illegal fundraising in China could soon be a thing of the past, as the country has issued its first national regulations for private equity and venture capital investment.
Pencarrow fund holds first close on $59m
New Zealand-based Pencarrow Private Equity has held a first close of its fourth private equity fund on NZ$77 million ($59 million).
Corporates link for Malaysian resources fund
Malaysia-based Warrants Capital, a subsidiary of telecommunications firm Silver Ridge Holdings, is reportedly planning a $500 million private equity vehicle with Hong Kong-based partner Huatai Financial Holdings, called the Huatai Von Malaysia Fund, to...
Advent makes first close of Advent 6 fund
Australia and New Zealand-focused Advent Private Capital has held the first close of its Advent 6 fund, and has confirmed commitments of nearly A$100 million ($102.3 million).
Ex-Temasek exec launches Kedaara Capital with CD&R
Manish Kejriwal, the former head of Temasek India, is said to be counting Clayton, Dubilier and Rice (CD&R) among the investors of his new fund manager, Kedaara Capital.
Dragon Capital plans $250m new fund
Southeast Asian emerging markets-focused Dragon Capital is in the process of raising its newest vehicle, the Indochina Opportunities Fund, which will invest in companies based in Vietnam, Cambodia and Laos.
Fundraising of the Year – Baring Private Equity Asia
Global private equity majors including KKR, Bain Capital and TPG say that now is the time to raise Asian megafunds, but for Baring Private Equity, which closed its $2.4 billion fifth vehicle in just six months earlier this year, it’s good to get in early....
Private Equity Professional of the Year – Peter Wiggs
“It's been quite a year,” Peter Wiggs reflected as he collected the prize for Private Equity Professional of the Year at the 2011 Asian Private Equity & Venture Capital Awards.
J.P. Morgan gets green light for $1b RMB fund
J.P. Morgan Asset Management has reportedly won approval from the Beijing government to launch a $1 billion renminbi-denominated fund.
Chinese regulators poised to clamp down on illegal fundraising
China’s National Development and Reform Commission is looking into domestic private equity firms’ fundraising operations with a view to tightening regulatory oversight on the sector.
Chinese investors ask Terra Firma to create sovereign fund pool
Terra Firma Capital Partners has been approached by several large investors from China and the Middle East to set up a sovereign fund pool.
Aloe 'to count IFC among LPs' in third fund
International Finance Corp. (IFC), the investment arm of the World Bank, is reportedly poised to join the LP roster for Aloe Private Equity's its third fund, Aloe Environment Fund III.
Actis gets $250m from Washington State Investment Board
Washington State Investment Board has committed $250 million to Actis’ latest emerging markets vehicle as part of a more than $550 million allocation to global private equity managers made earlier this month. The other beneficiary was Apax Partners’ eighth...
Shenzhen PE firm reaches first close on debut property fund
PTiFund, a Shenzhen-based private equity firm backed by Hong Kong-listed property developer Top Spring International Holdings, has announced a first close of RMB125 million ($19.6 million) on its debut fund. The full target is RMB500 million.