HarbourVest Partners
China VC: Amicable divorces
Regulatory pressures are encouraging Chinese VC firms to end longstanding US affiliations, but the impact of impending legislation – even sight unseen – cuts deeper into investor sentiment on China
China secondaries: Willing sellers?
Few, if any, LPs are so desperate to divest China exposure that they will sell fund positions at any price. The main sticking point for secondary transactions is a disconnect on valuations
Investor caution, bid-ask spreads hold back China secondaries
Secondaries investors see a lot of potential GP-led deal flow coming out of China, but completion rates are being held back by caution among buyers and a reluctance among sellers to compromise on valuations.
Asia fundraising: To the grindstone
As macro uncertainties add red tape to fundraising processes and oblige some managers to operate on a deal-by-deal basis, the improvisational, survivalist nature of Asian private equity is on display
Potentia gains due diligence access to Australia's Nitro
Potentia Capital has been invited to perform due diligence on buyout target Nitro Software after trumping a rival bid for the listed Australian company, ending months of board resistance to its overtures.
Deal focus: Secondary investors support Capital Square, Basil merger
Capital Square Partners and Basil Technology Partners have joined forces, with HarbourVest Partners, NewQuest Capital Partners, and Committed Advisors backing a USD 700m fund comprising Asia IT services investments from both GPs
Australia's Potentia pursues two technology take-privates
Australia-based specialist B2B technology investor Potentia Capital appears to be continuing its pursuit of two listed companies – Nitro Software and Tyro Payments – despite several rejections.
Asia secondaries: Layers and structures
With private market valuations yet to see a meaningful reset in Asia and heightened risk factors in China, investors are exploring ways to drive secondary deal flow by closing the bid-ask spread
Team diversity impacts fundraising prospects - AVCJ Forum
Asia-based managers are slower to implement diversity, equity, and inclusion (DEI) policies than their peers in other markets, but LPs told the AVCJ Diversity & Inclusion Forum that action on this issue is increasingly important to fundraising.
HarbourVest opens Australia office
HarbourVest Partners has opened an office in Sydney on the back of claimed recent success in cultivating institutional and private wealth clients in Australia and New Zealand.
PE-backed Mankind Pharma files for India IPO
Indian drug maker Mankind Pharma has filed for a domestic IPO, setting up an exit for Capital International, a private equity arm of Capital Group.
Potentia, HarbourVest move for Australia's Nitro Software
Australia-listed productivity software provider Nitro Software has rejected a AUD 386m (USD 263m) buyout offer from Potentia Capital and HarbourVest Partners.
LPs emphasize differentiation in China venture capital
LPs want to back Chinese venture capital firms that are differentiated from their peers, although there remains an element of discomfort with efforts to achieve this through increasingly popular China-plus strategies.
India's ShareChat closes $520m round, hits $5b valuation
Indian social media platform ShareChat has raised USD 255m from Google, Times Group, and Temasek Holdings, capping a USD 520m Series G round at a valuation of USD 5bn.
HarbourVest closes latest fund-of-funds at $1.6b
HarbourVest Partners has closed its latest flagship private equity fund-of-funds, which will target Asia Pacific and Europe, at USD 1.6bn, beating a target of USD 1.25bn.
HarbourVest hires Allianz executive for China institutional busines
HarbourVest Partners has recruited Cicely Sun from Allianz Global Investors as a managing director and co-head of its Beijing office.
PE investors wary of inflation in 2022 - AVCJ Forum
Inflation is top of mind for Asia-focused private equity investors as they assess the various uncertainties facing the industry in 2022, the AVCJ Private Equity & Venture Forum heard.
Secondaries supply-demand mismatch most extreme in Asia - AVCJ Forum
There is not enough capital in Asia to address the number of secondary opportunities – mirroring the situation globally – with investors claiming to have more transaction choices than ever before.
Asia secondaries: Continuation conundrum
The rapid ascent of single-asset continuation vehicles in the US and Europe might be emulated in Asia, but investors are approaching the market with measured optimism
KV Asia hits $100m first close on Fund II
KV Asia Capital has reached a first close of $100 million for its second Southeast Asia private equity fund. The vehicle, which focuses on the lower middle market, has a target of $300 million.
HarbourVest opens in Singapore, boosts Asia investment team
HarbourVest Partners has expanded its Asia footprint by adding an office in Singapore and strengthened its Hong Kong team with the recruitment of Lydia Hao from Neuberger Berman.
Shariah investors in PE: Tailored exposure
Employees Provident Fund’s $600 million shariah-compliant co-investment mandate suggests increasing institutional appetite for Islamic finance solutions in private equity. Is the industry ready?
Malaysia's EPF awards co-investment SMAs to global firms
BlackRock, HarbourVest Partners, and Partners Group have been awarded co-investment mandates by Malaysia’s Employees Provident Fund (EPF) totaling $600 million.