HarbourVest Partners
HarbourVest backs IDG renminbi fund restructuring
IDG Capital has completed a renminbi fund restructuring in which assets have been transferred from one local currency vehicle to another backed by offshore investors. It is the first secondary deal of its kind to use the Qualified Foreign Limited Partner...
Asia secondaries: Waiting for the flood
Secondary investors expect deal flow to rebound strongly once there is more certainty on valuations. In Asia, the opportunity will be larger and more nuanced than the post-global financial crisis frenzy
HarbourVest hires Japan Post Insurance's alternatives head
Tadasu Matsuo, head of alternative investments at Japan Post Insurance (JPI), has joined HarbourVest Partners as a managing director where he will co-lead Japan coverage alongside Tatsuya Kubo.
TPG leads $32m round for India bank
TPG Capital has led a INR2.2 billion ($32 million) funding round for India's Jana Small Finance Bank, which focuses on financial inclusion through digital services.
HarbourVest boosts Australia, New Zealand IR coverage
HarbourVest Partners has appointed Warwick Mancini as a principal with responsibility for investor relations in Australia and New Zealand.
Deal focus: Avataar seeds India SaaS portfolio
Having won support from HarbourVest Partners to spin out a portfolio from his former employer, Norwest Venture Partners, Mohan Kumar is taking aim at India's underdeveloped enterprise software space
HarbourVest spins out part of Norwest's India portfolio
HarbourVest Partners has spun out part of the Norwest Venture Partners India portfolio into a new fund to be managed by Avataar Venture Partners.
China secondaries: Curious conversions
An exit lag and difficulties raising money for renminbi funds in China has created a novel opening for secondaries investors comfortable moving assets from one currency to another
QIC to acquire Australian marine logistics player
Queensland Investment Corporation (QIC) has agreed to acquire 100% of Australian marine logistics provider Sea Swift, facilitating exits for CHAMP Ventures and HarbourVest Partners.
Australia’s NAB Ventures exits Wave Financial in $400m deal
NAB Ventures, a unit of National Australia Bank (NAB), is set for its debut exit via a deal that will see US tax services giant H&R Block acquire Canada’s Wave Financial for about $400 million.
Preferred equity: Last in, first out
Issuing preferred equity to secondary investors is a short-cut to liquidity for China VCs with valuable portfolios but few exits. The strategy isn’t universally popular, but what will it take for GPs to make the leap?
HarbourVest promotes Minjin Chung to managing director
HarbourVest Partners has promoted Minjin Chung (pictured), a principal based in Korea, to the level of managing director with responsibility for North Asia.
Co-investment: Partners in time
The decision to commit due diligence resources to a potential co-investment balances complex factors around timing, strategy, and relational comfort. Efficiency and patience are indispensable virtues
Secondary restructurings: Opportunistic delays
Creative secondary deals are presenting private equity investors with new options for extending exposure to prized assets. Although a modest trend, it evokes big questions about best conduct
HarbourVest backs secondary restructuring of Capital Today investment
HarbourVest Partners has led a secondary transaction worth approximately $420 million that enabled Capital Today China Group to take out an investment from its first fund – Yifeng Pharmacy – and roll it into a new vehicle as a means of extending the...
Secondary staples: Structural dynamics
GP-led restructurings are going mainstream, including complex transactions that combine primary and secondary commitments. As deal demand grows, so do concerns about risk
VCs see opening for Southeast Asia exits – AVCJ Forum
Venture capital firms in Southeast Asia see a growing range of exit avenues thanks to a maturing local start-up market and increasing interest from global investors.
Telstra Ventures, HarbourVest partner for tech fund
Telstra Ventures, the corporate VC arm of Australian telecom giant Telstra, has teamed up with Hong Kong’s HarbourVest Partners to create a fund focused on technology companies across Asia Pacific and the US.
LPs want stability plus innovation from Chinese GPs - AVCJ Forum
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
HarbourVest closes flagship fund-of-funds at $1.7b
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.
HarbourVest adds managing director in Hong Kong
HarbourVest Partners has promoted Till Burges, who covers primary investments out of the firm’s Hong Kong office, to managing director.
Ardian opens Japan office to capture local LP interest in alternatives
Ardian has opened an office in Tokyo - its third in Asia - with a view to capitalizing on growing demand for exposure to alternatives, including private equity, from Japanese institutional investors.
AVCJ at 30: Part Six - The Expectations Game
Lewis Rutherfurd of Inter-Asia Venture Management, Piau-Voon Wang, David Pierce of HQ Capital, Weijian Shan of PAG Asia Capital, Michael Kim of MBK Partners, Dan Carroll of Brooklands Capital Strategies, Joseph Bae of KKR, and Brooks Zug of HarbourVest...
ESG: Quantifiable benefits
Finding ways to implement environment, social and governance (ESG) policies and track performance with greater consistency has become a priority for some – but by no means all – Asian GPs