News >> Funds
VC-backed Dangdang plans $1 billion NASDAQ IPO
Dangdang, China's largest online book retailer, reportedly will debut on NASDAQ next month, aiming to raise $1 billion.
Macquarie retrenches infrastructure vehicles
Macquarie Group has made a broad pullback in the infrastructure fund sector that has been long associated with the Australian investment bank. Changes include offering investors a fee discount; sacking 60 of its infrastructure staff, around 10% of the...
European Union agrees private equity/hedge fund legislation
The European Parliament and European Union member states have finally agreed upon new EU regulations for private equity firms and hedge funds operating inside the EU.
Sequoia-controlled Mecox Lane raises $129 milllion in NASDAQ IPO
Sequoia Capital-controlled Mecox Lane Ltd., China’s largest mail order service provider, raised $129 million, or $11 per share, from its IPO, offering American depositary shares on NASDAQ.
Foster's still open to private equity offers for wine unit
David Crawford, Chairman of Australia's Foster's Group, publicly said the company will still entertain offers from private equity groups for its wine business, while repeating that a c.$2.46 billion offer, reportedly from Cerberus Capital Management,...
AVCAL reveals standstill in buyout fundraising ahead of new taxes
As Australia awaits the announcement of new tax regulations on private equity profits, the Australian Private Equity & Venture Capital Association (AVCAL) has released a study delineating how uncertainty over the new laws has already affected the market’s...
MBK exits CNS to Want Want in 2010's biggest Asia result
MBK Partners has completed its exit from Taiwanese cable investee China Network Systems (CNS), selling its 60% stake to the head of local conglomerate Want Want China Holdings for $2.4 billion in 2010's largest Asian private equity exit, and nixing expectations...
KPCB raises RMB600 million VC fund, announces social media platform
Kleiner Perkins Caufield & Byers (KPCB), the iconic US technology-focused venture capital firm, has closed its maiden RMB-denominated China fund at RMB600 million ($90million).
Entrepreneur Ajay Piramal may sell PE fund to international PE players
Indian entrepreneur Ajay Piramal, associated with pharmaceutical and real estate deals, is reportedly set to exit his real estate PE firm Indiareit Fund Advisors, via a sale to PE firms and other international finance institutions.
Japan's SBI to form joint RMB/USD funds with China's Fudan University
Japanese financial conglomerate SBI Holdings is to launch two venture capital funds in cooperation with Fudan University in Shanghai, China.
ICICI Venture's infra fund to be buoyed by overseas investors
ICICI Venture has turned to overseas LPs to finance up to $750 million of its $1 billion infrastructure fund, according to reports, which is slated to go toward India’s roads, ports and airports once deployed.
Morgan Stanley Realty Fund poised to gain 33% from Oberoi Realty listing
Morgan Stanley Real Estate Fund investee, Mumbai-based Oberoi Realty, has debuted onto the public market at a 7.5% premium to its issue price - a strong start for the company valued at INR9,586 crore ($2.1 billion) by the day's end Wednesday.
New York Pacific Capital launches Suzhou RMB fund
New York Pacific Capital, the New York- and Beijing-based China-focused US merchant banking player, has announced a new RMB fund targeting RMB 300 million ($45.1 million), with investments to be focused on the greater Suzhou region of eastern China.
CDH-backed Chinese education group Xueda files for NYSE IPO
Xueda Education Group, one of the largest providers of primary and secondary school tutoring services in China, and a portfolio company of CDH Investments, will debut on the NYSE.
Steamboat invests China's Gridsum Technology for online analytics
Steamboat Ventures, the Walt Disney-affiliated VC firm, has led a Series A funding round for Gridsum Technology, a Beijing-headquartered online web, video and search analytics company, for an undisclosed amount.
Shanghai QFLP program for non-Chinese RMB LPs approved
The pilot Qualified Foreign Limited Partners (QFLP) guidelines floated in Shanghai to allow international LPs to invest into Shanghai-incorporated RMB-denominated private equity funds have been approved by China’s central financial regulators, according...
GSR's Fong made HYSTA Investor of the Year
Kevin Fong, US-based Special Advisor for China/US VC investor GSR Ventures and former Mayfield Fund MD, has been named the inaugural "Investor of the Year" by the Hua Yuan Science and Technology Association (HYSTA), a leading Chinese American VC and entrepreneur...
Huawei's Chee leaves to form new China SME fund Junsan
Jonathan Chee, former head of the Principal Investment unit at PRC telecoms major Huawei Technologies, has resigned to launch a new fund, Junsan Capital, focused on growth and late-stage investments in China SMEs.
Hopu split reports denied
Reports and market talk of a split at the top of Hopu Investment Management, the $2.5 billion China-linked private equity and multi-strategy investment group, have been denied by sources close to the firm, which in fact appears to be nearing the threshold...
Nautiyal-backed Redwoods Capital plans $50 million India real estate fund
Indian asset management firm Redwoods Capital, founded by the former head of BNP Paribas India’s real estate business Anuj Nautiyal, is set to raise a domestic real estate fund with a preliminary target of $50 million.
SVB Finanical Group opens Beijing office
SVB Financial Group, the parent of Silicon Valley Bank, has opened an office in Beijing, to provide VC investors and hi-tech companies with advisory services including arranging RMB loans with local partners.
Harjit Bhatia forms Asia Growth Capital Advisors with ex Credit Suisse India, Southeast Asia team
Asian private equity veteran Harjit Bhatia has recently reemerged as Chairman and CEO of Asia Growth Capital Advisors, a private equity firm he founded along with his ex-partners at Credit Suisse Private Equity Asia.
Partners Group loses Cai as head of China
Fund of funds Partners Group has confirmed that Linda Cai has left her position as Head of China, and that she will be replaced by Zhao Peng, with other reports indicating that Cai resigned up to three months ago, with her next move still unknown.
WI Harper bolsters advisory board with Investcorp's Tung
The founding partner and Chairman of the Technology Investment Committee of Investcorp, Savio Tung, has joined the advisory board of Chinese expansion and early growth stage private equity firm, WI Harper, the firm announced.