GPs
China fund administration: In or out?
Whether they are US dollar managers upgrading their LP bases or renminbi GPs tapping offshore investors for the first time, China PE firms increasingly see the reputational value of independent administration
Aura launches Australia-focused VC fund
Aura Group, an Australia and Singapore-based fund management and investment business, is raising an Australia-focused venture capital fund with a target corpus of A$30 million ($21.8 million).
Everbright ReinFore closes debut China fund at $355m
Everbright ReinFore, a China-focused PE firm that spun out from an offshore asset management arm of China Everbright Group, has reached a final close on its debut fund at approximately $355 million across two vehicles.
KKR closes $3.3b global special situations fund
KKR has reached a final close of $3.3 billion for its second global KKR Special Situations Fund (KSSF), which will target investments in distressed or event-driven situations.
Healthcare specialist TVM boosts Southeast Asia coverage
TVM Capital Healthcare Partners, which focuses on healthcare investments in emerging markets, has deepened its coverage of Southeast Asia with the appointment of one operating partner and two senior advisors in Singapore.
Lower middle market fundraising: Early adopters
While Australia’s lower middle market still offers opportunities for conventional GPs, some managers see growing potential in alternate fund models. Skepticism is strong among their peers
Asian GPs want training from fund administrators - survey
More than one third of Asia-based GPs would like fund administrators to provide additional training services, a demand that likely reflects growing concerns in the region about tax regulation, according to a survey.
TPG's Sing Wang named CEO of China Minsheng Financial
Sing Wang, who until last year was co-chairman for Greater China at TPG Capital and head of TPG Growth in North Asia, has joined China Minsheng Financial Holding as CEO.
Ex-CLSA Capital Partners CEO joins TRG as partner
The Rohatyn Group (TRG) has hired Christopher Seaver, formerly CEO of CLSA Capital Partners, as a partner based in its Hong Kong office.
Made to measure: Customized co-investment
Growing appetite for co-investment among foreign and local institutions in Asia has given rise to a wider variety of advisors offering customized solutions to those with limited in-house resources
EQT buys Hong Kong social compliance assessment business
EQT Partners has bought a majority stake in Hong Kong-based social compliance assessment and improvement service Elevate.
Fund focus: New name, same agribusiness strategy
Following a spin-out from Cargill, the PE unit of Black River Asset Management has been renamed Proterra Investments Partners. The agriculture-focused remit is unchanged
Corstone closes $124m Korea fund
US-based private equity firm Corstone Capital has closed a South Korea-focused fund at KRW150 billion ($124 million).
Nature vs nurture: Training PE professionals
With private equity’s traditional training tools coming under increased scrutiny, some are calling for standardized qualifications - before outside forces take matters out of the industry’s hands.
Black River PE team goes solo as part of Cargill spin-out
The private equity team of Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, has spun out to form Proterra Investment Partners.
Panel proposes reforms to boost domestic capital in India PE
A panel appointed by the Securities and Exchange Board of India (SEBI) has recommended tax law changes and regulatory reforms to ease fundraising for PE and VC funds.
Asia PE returns will rise as GP skills develop
Distributions from private equity funds in Asia, which have in the past been lackluster compared to those in certain developed markets, are expected to rise as the industry matures and GPs develop their skill sets.
Hony reaches $1.25b mark on latest China fund
Hony Capital has reached a first close of $1 billion on its new Greater China-focused fund and raised an additional $250 million towards a second close.
New business needs drive VC funding demands
The venture capital market in Asia is set for growth as new market segments - notably technology-enabled business services - emerge with unmet needs.
Mandarin closes second Sino-European fund at $217m
Sino-European GP Mandarin Capital Partners have closed its second middle-market fund at just under EUR200 million ($217 million).
Abax raises $235m for Asia special situations fund
Abax Global Capital has raised $235 million for its second Asia special situations fund, which has a strong focus on China.
India's ChrysCapital reaches $350m first close on Fund VII
ChrysCapital has reached a first close of nearly $350 million on its seventh India fund. The vehicle, which launched last September, has an overall target of $600 million and a hard cap of $650 million.
4Q analysis: Ending with a whimper
4Q analysis: Bain Capital and PAG shine in a difficult fundraising environment; large-ticket infrastructure and tech deals offer pointers for 2016; public market volatility continues to hamper PE exits
GPs on China's New Third Board: Public market oddity
A dozen Chinese private equity firms have been listed on the New Third Board in recent years, but the model is far removed from that seen in other markets and regulators are concerned