Analysis
CNEI closes ahead at $255 million
China-focused growth capital private equity firm China New Enterprise Investment (CNEI) has announced the final close of its second fund,CNEI Fund II, oversubscribed at $255 million, and just above its original $250 million target.
Shanghai to unveil RMP LP plan
A flurry of reports around an ‘official’ Shanghai announcement of a “Trial Plan for the Participation of Foreign Investment in Renminbi Investment Funds” suggested that Shanghai was cementing its status as the destination of choice for foreign GPs and...
Real estate: China boom or bubble?
The role of subprime real estate assets in the collapse of Lehman Brothers in the US and the snowball effect of the GFC may have implicated real estate and all its derivates as largely to blame; but in Asia, and especially China, property seems to have...
Wilshire woes
Dennis Tito, founder of Wilshire Associates, reportedly paid at least $12 million and possibly up to $20 million for an eight-day stay in orbit at the International Space Station and in transit, courtesy of MirCorp.
New Horizon closes Fund III
New Horizon Investment Advisors, the Beijing-headquartered growth capital GP set up in 2005 as a JV between Temasek Holdings and SBI Holdings, has closed its New Horizon Capital III fund at $750 million, Jianming Zou, a director at New Horizon, confirmed...
Japanese private equity: Mount Fuji rumbles?
Maya Ando, AVCJ Japan Editor, delivers an update from the Japan market
Hu move highlights Goldman's role
The news that Dr Fred Hu, Managing Director and Chairman of Greater China at Goldman Sachs, is retiring from the star investment bank after only two years in his current role, reportedly with plans to launch his own private equity fund, underlines the...
Green investing: The other side of the summit
COP15 may not yet have forged a future-proof global greenhouse gas reduction regime; but some still see it as an important step forward – and promising opportunities are budding in the green sector, especially in Asia.
ADIA Review reveals views, not value
Leading Middle East SWF the Abu Dhabi Investment Authority (ADIA) has released its first ever Annual Review, of its operations for 2009, giving a clear view of its dispositions and its priorities as it takes a view on particular investment areas and asset...
Fundraising: Coming back slowly
AVCJ’s latest soundings from the industry indicate that fundraising, long cited as the third shoe waiting to drop [sic.] as investments and exits regionwide recover post the GFC, may not be reviving as robustly as some had hoped.
Vietnam: Diamond in the rough
In a country where private consumption is two thirds of GDP and 60% of the population is under 30 years old; and people are highly entrepreneurial, highly motivated and very excited about the opportunities that lie ahead for them and for the nation; one...
Mining and metals: All that glitters
All that glitters may not be gold; but most metals are enjoying robust price growth, with rosy prospects for the longer term, say senior market observers.
The Great Arbitrage
In this week's Editor's Viewpoint, Brent Nicklas of Lexington Partners shares a key strategic insight with Paul Mackintosh, AVCJ Managing Editor.
Australia: Ripe for mezz
Australia is not what the global mezzanine debt industry might consider a stand-out market. Traditionally, equity and senior debt have always reigned supreme, and convertible bonds have been considered quite a sexy debt instrument.
Australian market prospects: Clear roads ahead?
The convergence of a robust economy, a shortage of credit and the perceived retreat in public equity markets look likely to generate M&A and private equity deals; but for different reasons.
Pantheon cites 'ownership culture' in sale to AMG
Pantheon Ventures, the London-headquartered international fund of funds manager, and longstanding pioneer of investment in Asian GPs, gave AVCJ some further insights into its recently-announced $775 million cash sale by Russell Investments to NYSE-listed...
CIC commits $1.5 billion to secondaries
China’s $300 billion sovereign wealth fund, the China Investment Corporation (CIC), has forayed into the fast-developing secondary market by investing $1.5 billion in total in three specialist secondary funds in the West.
Unison resets controls, salaries
After the tragic incident last year when one of its former partners died just after an official investigation, Japanese buyout firm Unison Capital is planning to move forward by strengthening its internal control systems to prevent any misconduct by its...
Australia's varied markets
A kaleidoscope of factors make a market, and a country’s economy is much more than a simple stage on which activity plays out.
Axis spinout may set trend in India
Axis Private Equity, led by MD and CEO Alok Gupta, has confirmed earlier Indian media reports that it is planning to spin out of backer and parent Axis Bank, by buying out its stake in the business.
China: Globalizing the RMB
While the rest of the world is struggling with recession, China is different.
CITIC hits $1.3 billion for RMB fund
CITIC Private Equity Funds Management Co., Ltd. (CITIC PE), has hit a new high in RMB fundraising, accumulating RMB9 billion ($1.32 billion) for its debut vehicle, the CITIC Mianyang Private Equity Fund.
Oh dear, Obama
US President Barack Obama’s recent statement about curbing US banks’ abilities to use their own capital to trade out of proprietary investment accounts or to invest in private equity funds and hedge funds is rife with implications, but very little in...
Risks and rewards for 2010
The year ahead is already being keenly talked over – and up – as investors and financial/commercial figures watch for indicators of what direction the global economy is going to take as it exits the past year’s dead zone.