Fundraising
Maybank sees SE Asia cleantech potential
China and India's near monopoly over the Asian cleantech space may have come to an end if the first close last week of Maybank’s Southeast Asia-focused fund is anything to go by.
Australian LPs miss out on Neuberger Berman fund-of-funds
Neuberger Berman announced a final close of $720 million for its NB Crossroads 2010 fund-of-funds last week, but Australian investors were conspicuous by their absence. Not one Australian LP subscribed to the latest vehicle, which Neuberger attributes...
India fundraising: Survival of the fittest
India has seen plenty of private equity spinouts but an increasingly difficult fundraising environment is expected to separate the men from the boys
Established Indian GPs shine in fundraising
It's not secret that many private equity firms are gearing up for a major fundraising spree in Asia. From the global firms like KKR, Bain and TPG to the Asia-based regional funds and focused, country-specific funds, private equity vehicles are in the...
Hony plans $2.4b USD fund - report
Hony Capital has reportedly targeted up to $2.6 billion for its latest private equity fund, touted as the biggest US dollar fund raised by a China-based fund.
New Hope to establish $200m food fund
New Hope Group, the largest animal feed producer in China, has announced plans to establish a $200 million overseas fund to invest in food-related businesses.
Maybank launches $500m regional cleantech fund
The Singapore arm of Malaysian financial services major Maybank has launched a $500 million regional cleantech fund.
Accel closes India III fund at $155m
Venture capital firm Accel Partners has closed its seed and early stage investment vehicle Accel India III at $155 million, raised by institutional investors from North America, Europe and Asia.
TPG scales back buyouts in Europe as it ramps up in Asia - report
TPG Capital is said to be scaling back its European buyout operations amid a volatile investment environment, in a move that may result in a strengthening of TPG’s Asian focus.
ChrysCapital raises $225m for Fund VI
ChrysCapital has reportedly raised $225 million for its sixth fund, ChrysCapital VI, en route to its $500 million target.
RMB fund vs. USD fund issue losing importance - AVCJ Forum
The internationalization of the renminbi is rendering the US dollar fund versus renminbi fund debate increasingly irrelevant, according to panelists at the AVCJ Investment Summit on Thursday.
Carlyle's David Rubenstein: PE fundraisers will turn to Skype
GPs looking to raise funds will turn increasingly to online mediums such as Skype and video conferences, said David Rubenstein at the AVCJ Investment Summit in Hong Kong on Wednesday.
Ex-banker targets $1b fundraise for Indonesia vehicle
A former investment banker with Bank of America in Asia is looking to raise a $1 billion private equity fund targeting Indonesia. It will launch in the first quarter of next year, with a view to making a first close within three months.
Leopard Capital closes Sri Lankan subsidiary
Leopard Capital has closed its Sri Lankan subsidiary this week, further confirming that its country fund has been suspended until further notice.
Mandarin Capital to launch $1.4b second fund
Sino-European private equity firm Mandarin Capital Partners has announced plans to launch a $1.4 billion fund in 2012 to allow Chinese firms to make overseas acquisitions.
Renuka Ramnath confirms $450m raise for Multiples
Multiples Alternative Asset Management, founded by Renuka Ramnath, former CEO of ICICI Venture, has raised INR20 billion ($450 million) for its first fund.
Chinatrust Financial plans $300m maiden VC fund
Taiwan’s third-largest financial services firm Chinatrust Financial is raising a $300 million venture capital fund – its first - targeting Taiwanese companies operating in China.
Asia fundraising – more than just a renminbi story
The last few years have not been good for most Asian private equity fundraisers. The global financial crisis made the usual institutional investors shied away from the asset class, forcing funds already in the market to scale back their targets slightly....
HDFC courts sovereign funds for fourth property vehicle
HDFC Realty, the private equity arm of India’s Housing and Development Finance Corporation, is in talks with Government of Singapore Investment Corp. (GIC), Temasek Holdings, Abu Dhabi Investment Authority (ADIA) and Kuwait Investment Authority (KIA)...
China's debt-ridden Railway Ministry to set up PE fund
China’s Ministry of Railways will set up a private equity fund to support the expansion of the rail network, 21st Century Business Herald reported, citing a source familiar with the situation. The vehicle could raise up to RMB100 billion ($15.7 billion)...
KKR seeks $6b for second Asia buyout fund
KKR is targeting $6 billion for its second Asia buyout fund, coming as a host of global private equity firms prepare new regional vehicles.
EQT, TPG funds reflect Asia's PE power
Asia's growing significance in the private equity world was further confirmed in two separate fundraising events last week. First in Europe, where EQT Partners announced that Asia Pacific LPs were responsible for nearly one quarter of total commitments...
Northern Light eyes healthcare sector
Healthcare will be a stronger area of focus for Northern Light Venture Capital’s third US-dollar fund, which last week achieved a final close of $400 million.
Macquarie, SBI target second India infrastructure fund
Macquarie Group and State Bank of India (SBI) are targeting $1-1.5 billion for their second India-focused infrastructure fund. Plans for the new vehicle come as the first fund, SBI Macquarie Infrastructure Trust, which closed in March at $1.2 billion,...