News >> Funds
Oaktree Capital winds down global distressed fund
As global investor Oaktree Capital’s nearly $11 billion distressed opportunity fund enters its liquidation phase, a source close to the firm says Oaktree may not see another such vehicle of this size for a while, due to the changing landscape for distressed...
Swiss Asia launch infrastructure fund, makes first investment
Swiss-Asia Financial Services recently announced the launch of its new infrastructure investment product, the China District Energy Fund, with a total target size of €500 million ($678 million).
OCBC debuts Shindoo Chemical on Shenzhen Exchange
Shindoo Chemical, a Chinese manufacturer and distributer of compound fertilizer and chemical products in China which was backed by the mezzanine arm of OCBC Bank, has debuted on at Shenzhen Stock Exchange, raising RMB 1.48 billion ($224.6 million). The...
Sequoia departures put question mark over fund’s future
Four of Sequoia Capital India’s founding partners have resigned from the VC firm to set up a new fund, which will focus on domestic PIPE transactions.
VCs inject $20m into Chinese digital media firm
Oak Investment Partners has led a $20 million Series B round of growth capital financing into Beijing-based digital advertising and media aggregator Yoyi Media. Existing investors Steamboat Ventures and Gobi Partners also participated in the round.
Intel Capital backs Chinese mobile startup
Intel Capital, the VC arm of US-based Intel Group, has pledged $26 million to six mobile media startups globally, including Beijing-based Android software integrator for mobile devices Borqs Ltd.
Steven Ji made Partner at Sequoia
Managing Director of Sequoia Capital China Steven Ji has been promoted to the role of Partner, the VC major confirmed to AVCJ.
Fortress considers fund for PRC senior citizen housing
Alternative assets manager Fortress Investment Group is considering raising $1 billion for a vehicle that would focus on housing investments for China’s elderly citizens, according to the Financial Times.
Lexington Partners opens Asian office
Lexington Partners, the world’s largest secondaries manager, has recently set up a Hong Kong office. The office will be helmed by Kirk Beaton, who relocated in mid-January from the firm’s London operations.
Paul Capital hires two for India sourcing
Global secondaries investor Paul Capital has bolstered its India talent with the appointment of Anand Sunderji and Akshat Shukla as regional sourcing agents, both charged with evaluating secondary PE transactions across the market.
Marunouchi Capital makes its third deal
Marunouchi Capital, a buyout firm equally owned by Japanese conglomerate Mitsubishi Corp and Mitsubishi UFJ Securities Holdings, will acquire a stake in Yamamoto Seisakusyo, Inc., a Saitama-based die manufacturer.
Milestone to launch third India real estate fund
Milestone Capital has confirmed that the firm is set to raise an INR500 crore ($110 million) fund – its third – which is slated to invest in real estate developments located in India’s eight largest cities.
Nexus Venture leads funding into Indian coupon site
Nexus Venture Partners has led a $12 million round of VC funding into Mumbai-based Snapdeal.com, an India-focused digital coupon vender.
Accel Partner India launches $400 million fund
Accel Partner, a Silicon Valley’-based venture firm, has set up a $400 million India-dedicated fund, with the aim of targeting opportunities in the domestic growth space, according to local media reports.
Yet2.com and JAIC make first VC investment
yet2.com, a US-based digital marketplace that both buys and sells technology online, has formed yet2Ventures. The fund aims to help Fortune 500 companies and other owners of venture capital investments drive value in their portfolio companies.
Value Partners to form RMB fund in Yunnan province
Value Partners Group Limited, a Hong Kong-based alternative asset investment firm with both private equity and hedge fund strategies, has reportedly signed an agreement to establish a renminbi-denominated private equity fund in partnership with Yunnan...
Yun Feng raises $1.52 billion fund
Yun Feng Capital, a Chinese private equity fund co-founded by internet business guru Jack Ma, has raised around RMB10 billion ($1.52 billion) for its first fund, co-founder and Chairman David Yu told local media.
TPG Fund V under-performs
Preliminary results suggest that the value of one of TPG’s buyout vehicles – its $17.4 billion Fund V – has diminished to less than 100 cents to the dollar by the end of 2010, the Financial Times first reported.
Komli Media gets $15m from existing investors
Norwest Venture Partners has led a $15 million round of funding in Mumbai-based digital media network Komli Media, with existing investor Helion Venture Partners also participating in the financing.
Paul Capital promotes Jason Sambanju to Co-Head of Asia
Secondaries investor Paul Capital has promoted Director of the firm’s Hong Kong bureau Jason Sambanju (pictured) to the role of Managing Director and Co-Head of Asia, jointly held with current MD Lucian Wu.
Maple Fund Service makes senior hire
Independent global fund services provider Maples Fund Services has recruited Kate Colchester from ENE Advisors, a hedge fund start up and investor consultancy firm, to the role of Senior Vice President of Business Development Asia.
AMP Capital makes first Chinese acquisition
The AMP Capital Asian Giants Infrastructure Fund (AGIF), operated by Australian investment manager AMP Capital, has take a 19.11% stake in China’s Qujing Gas. The deal is AMP’s first acquisition in China.
Coller Barometer highlights investors' growing skills in Asia
The recent edition of the Global Private Equity Barometer, released by Coller Capital, revealed that LPs’ total exposure to fund of funds will fall over the next three years, partly due to fees and partly due to disappointing returns. At the same time,...
Morgan Stanley closes mezz fund
Morgan Stanley Investment Management has closed its first corporate mezzanine fund, Morgan Stanley Credit Partners, at $956 million after two years of fundraising.