GPs
Fund focus: CDIB’s differentiated middle-market play
It was 2008 and CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), had been looking at potential investments in the online gaming space. However, most of the companies it found were overvalued or deemed too risky because their livelihoods...
Fund focus: IVFA sees slow turn in LPs' India sentiment
A host of India-focused GPs are currently in the market, looking to raise funds on the back of improved investor sentiment following the election of reformist Prime Minister Narendra Modi last year.
IVFA reaches $700m final close on India fund
India Value Fund Advisors (IVFA) has reached a final close on its fifth India-focused fund at the hard cap of $700 million.
Graybeards: External directors and PE portfolio companies
Just over eight years ago, I penned an article for another publication on the role of independent directors at Chinese state-owned enterprises (SOEs). This was mid-2007, and China Construction Bank (CCB), Bank of China (BoC) and Industrial & Commercial...
China Minsheng Investment to acquire Sirius for $2.2b
Bermuda-based White Mountains Insurance Group has agreed to sell its subsidiary Sirius International Insurance Group to China Mingsheng Investment (CMI) for $2.2 billion.
L Capital Asia exits India's PVR
L Capital Asia has fully exited its remaining stake in Indian cinema chain operator PVR Cinemas for INR4.8 billion ($76 million).
Blackstone's Michael Chae appointed to CFO role
The Blackstone Group has appointed its international private equity head Michael Chae to be CFO, replacing Laurence Tosi.
Hong Kong introduces tax exemption for private equity
The Hong Kong government has extended the profits tax exemption for offshore funds – from which the hedge fund industry already benefits – to include private equity.
Fairfax offers to buy 26% stake in India's Carlyle-backed IIFL
Canada-based Fairfax Financial Holdings has offered to buy a 26% stake in Carlyle-backed financial services company IIFL Holdings Limited for INR16 billion ($255 million).
Goldman Sachs commits $10m to India's Azure
Goldman Sachs has invested INR650 million ($10 million) in Indian restaurant chain operator Azure Hospitality.
China GPs not worried by public markets volatility - AVCJ Forum
China-focused GPs played down the recent slide in the domestic stock markets, urging investors to concentrate on the long-term opportunities presented by continued growth and economic reforms.
KKR raises $3.1b for second global infrastructure fund
KKR has announced the final close of its KKR Global Infrastructure Investors II fund at $3.1 billion. The fund will invest in infrastructure opportunities, with an emphasis on OECD member countries.
China healthcare: The specialists
On the back of reforms and a rising consumer class, China's healthcare sector is expected to see huge growth. Sector specialists have emerged to capitalize on the opportunity. How can they differentiate themselves?
India IPOs: Best intentions
Should Cafe Coffee Day, the largest player in India's chained café market, succeed in raising INR11.5 billion ($180 million) in its IPO, it would be the largest PE-backed offering on a domestic bourse in close to eight years.
Former Emerald Hill exec secures commitments for China fund-of-funds
Unicorn Capital Partners, a new China-focused venture capital fund-of-funds launched by Emerald Hill Capital Partners' former head of North Asia Tommy Yip, has secured initial commitments of $12 million for its maiden fund - Unicorn Partners Fund I.
Ex-Telstra Super PE executive turns agribusiness investor
Robert Talevski, previously head of private markets portfolio manager at Telstra Super, has set up an investment firm that will source and execute deals in Australian agribusiness, taking advantage of strong cross-border demand for exposure to the space.
PENM Partners reaches $120m first close on Vietnam fund
Vietnam-focused GP PENM Partners has reached a first close of $120 million on its fourth fund. The vehicle has a full target of approximately $180 million.
US infrastructure: Mind the gap
The fact that the US needs to improve much of its public infrastructure is undisputed. But the fragmented nature of the market and politicization of deals still leave private investors frustrated
US LPs and Asian GPs: Survival of the fittest
With US LPs refocusing their Asia exposure – reducing the number of commitments if not the aggregate size – smaller funds may be feeling the pinch. But this could benefit the long-term health of the market
Japan pension funds have out-dated view on PE risk - AVCJ Forum
Japan's pension fund industry needs to reevaluate its perception of private equity as a risky alternative asset, domestic LPs told the AVCJ Japan Forum.
A team sport: PE and personalities
Private equity is a people business - this is an oft-repeated phrase at AVCJ events and certainly one that continues to be relevant.
Japan to lead boom in Asia restructuring activity - survey
Corporate restructuring activity in Japan should lead to a broader rise in the number of distress opportunities in Asia, as a result of both regulatory change and added pressure from investors.
IFC invests $35m in Indian energy-focused NBFC
The International Finance Corporation (IFC) has committed $35 million to infrastructure finance firm PTC India Financial Services (PFS).
Legend Holdings targets $1.96b Hong Kong IPO
Legend Holdings, sponsor of China-focused GPs Hony Capital and Legend Capital, has set a pricing range for its Hong Kong IPO that would see the company raise as much as HK$15.2 billion ($1.96 billion).