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TA Associates opens Hong Kong office, led by Quadrangle’s Sippel
Two years after launching its first Asian office, in Mumbai, growth-focused private equity firm TA Associates a will open an Asian Pacific regional office in Hong Kong, led by newly appointed Managing Partner Edward Sippel.
ADB invests $60 million in cleantech funds
The Asian Development Bank (ADB) will launch three venture capital funds targeting investments into cleantech developments, committing $20 million apiece to Aloe Environment Fund III, Keytone Ventures II and VenturEast Life Fund III for total of $60 million.
Archer Capital to launch fifth fund this year
Australian private equity leader, Archer Capital, is reportedly planning to raise A$ 1.2 billion ($1.27 billion) for a new fund towards the end of this year, according to Reuters.
China Development Bank applies for stake in TPG
Government-owned China Development Bank (CDB) is reportedly seeking permission to purchase a stake in TPG Capital, coming one month after TPG sold a 4.5% stake to the Government of Singapore Investment Group (GIC) and the Kuwait Investment Authority (KIA).
Qiming closes Fund III at $450 Million
Qiming Venture Partners has announced that it has closed its Qiming Ventures Fund III vehicle at $450 million. The close will bring Qiming's assets under management exceed $1 billion dollars from its debut in 2006.
Quantum joins VCs in Shanghai ad firm
Shanghai-based online advertising firm MediaV announced that it has successfully raised another $50 million from venture capital investors in its third round of funding. The round was led by Soro-affiliated Quantum Strategic Partners and supported by...
Morgan Stanley launch RMB fund JV with Hangzhou
Morgan Stanley, one of the most successful investors in China, has entered the RMB funds market with its own vehicle. Called the Morgan Stanley (China) Private Equity Investment Management Company Limited, the vehicle will be a joint venture with Hangzhou...
CDH Venture co-founder takes step back following elopement announcement
Gongquan Wang, founding partner of CDH Venture Partners, the early stage arm of the China private equity giant, will reportedly take some time off from the fund following a brazen announcement that he would be “giving up everything” to elope with...
TPG and CNinsure’s CEO aim to take full control of the company
Leading private equity firm TPG will team up with Yinan Hu, CEO of Chinese insurance intermediary, CNinsure, to take over the Nasdaq-listed company. The partnership has made proposal to acquire the shares of CNinsure that TPG and Hu did not owns.
Singapore’s Silecs received 16 million from venture consortium
Silecs International Pte Ltd, a developer and manufacturer of advanced Siloxane polymers, has raised $16 million in Series E financing from an investment consortium led by Singapore-based EDB Investments Pte Ltd. Other investors in the group include European...
Khosla Ventures gets $15 million from Wipro chairman
Silicon Valley-based VC firm Khosla Ventures (KV) has received $15 million of funding from Azim Premji, the Chairman of Indian technology company Wipro, according to India’s Economic Times.
Indian online ticket seller raises $6.5m
India’s Pilani Soft Labs Private Ltd. has reportedly raised $6.5 million in a Series C round of funding from investors including Helion Venture Partners, Inventus Capital Partners and Seedfund.
J-Star ups stake in Apo Plus
Japanese private equity firm J-Star has increased its stake in Apo Plus Station K.K. (APS), a pharmaceutical-focused contract sales organization (CSO) in Tokyo which the firm already two-thirds owns. The size and value of the stake has not been disclosed.
Australian government boosts renewable energy focus
The Australian government has upped its backing of the country’s renewable energy category via A$100m ($106 million) investment into the Renewable Energy Venture Capital Fund (REVCF), allocated from the federal budget.
DCM, Sequoia give $50m to digital retailer
Leading venture capital firms Sequoia and DCM have jointly invested $50 million in Guangzhou-based online retailer VIPshop as part of a Series B round of funding.
Intel Capital invests $18m more in India, including first healthcare investment
Intel Capital, the PE investment arm of Intel, has invested $18 million in two Indian companies, including Sudhir Srivastava Robotic Surgery Centre (SSARSC), a provider of advanced robotic surgery procedures, marking Intel Capital’s first investment...
Goldman, Morgan Stanley latest to launch RMB funds
US investment giants Goldman Sachs and Morgan Stanley have reportedly been given the green light to launch yuan-denominated private equity funds in China, coming as Western PE players rush the market to take advantage of a newly liberalized investment...
Itochu Technology Ventures launches third, $66.7m fund
Itochu Technology Ventures, the tech-focused venture arm of Japanese trading conglomerate Itochu, has announced the first close of its third fund with a capital commitment of JPY5.4 billion ($66.7 million), equivalent to the fund’s final-target size.
Two more firms approved by Shanghai for QFLP program
First Eastern Investment Group and a joint venture between CLSA and Shanghai Guosheng have joined Blackstone, Carlyle and DT Capital as firms approved for Shanghai's QFLP program.
Hokkaido Venture CEO resigns to start new institute
Ikkei Matsuda, CEO & President of HVC, Hokkaido Venture Capital, and HVC Strategic Research Institute, has left the firm in the end of April this year. His departure, after over a decade of leading the Japanese venture capital firm and related institution,...
Blackstone considers Intelenet divestment - report
Blackstone is said to be considering selling its 66% stake in Indian BPO firm Intelenet Global Services to British services network Serco.
Mizuho sells its 53.3% stake in SDS Bitotech to Idemitsu
Mizuho Capital Partners is to sell its remaining holdings in Tokyo-based biotech company SDS Biotech K.K., to oil distributor Idemistu Kosan Co. through a tender offer.
TPG hunts Asia Chairman - report
Buyout major TPG is reportedly looking for a new Asia Chairman able to help the firm compete in China.
Blackstone, Carlyle and DT Capital approved for QFLP pilot
Three private equity firms, Blackstone, the Carlyle Group and local representative DT Capital, have received approved from the Shanghai government for its Qualified Foreign Limited Partners (QFLP) scheme says a report by Reuters.