News >> Funds
CX closes on $515 million
CX Partners, the Indian private equity firm headed by former CVC International India head Ajay Relan, has closed its debut fund at $515 million.
IL&FS, Darby, others bid for Axis Private Equity
Six bidders, including veteran Indian private equity firm IL&FS Investment Managers and Darby Private Equity, as well as Aditya Birla Private Equity and Shapoorji Pallonji Group, are apparently bidding for Axis Private Equity, following parent Axis Bank's...
IDFC Project Equity appoints Aggarwal MD Investments
Leading Indian infrastructure investor IDFC Project Equity has announced the internal promotion of a senior member of its energy team, Aditya Aggarwal, to the post of managing director in charge of investments.
GE, CNOOC plan JV fund
PRC petrochemicals giant China National Offshore Oil Corp. (CNOOC) and General Electric Co. are in discussion to create a 50:50 JV private equity fund in the RMB3 billion ($440 million) range, according to PRC press reports.
Goodman and CPPIB launch joint fund
Goodman Group, Australia's largest industrial property trust, and the Canada Pension Plan Investment Board (CPPIB) announced the formation of a joint Australia-focused fund with with a target gross asset value of around A$400 million ($350 million).
SAIF eyes June close, major RMB fund
SAIF Partners is close to the long-anticipated $1 billion close of its SAIF Partners IV fund, expecting a result by end June, and is planning its biggest RMB fund to date as a follow-on, according to reports.
Russell appoints new Oz real estate research senior
Russell Investments, the US-headquartered global investment advisor, has appointed Samantha Steele as a senior research analyst in Australia, focusing on real estate and private equity manager research in Asia and Australasia.
Shenzhen Oriental Fortune Capital raising its debut fund
Shenzhen Oriental Fortune Capital, a Chinese VC firm, is reportedly raising its first $100 million fund.
Celaya made fundraising head for IFC AM
Haydee Celaya, the former Director of the Private Equity and Investment Funds Department at the International Finance Corporation (IFC), has been appointed Head of Fund Raising and Marketing for IFC Asset Management Company, the IFC subsidiary managing...
Clearwater ups Sayaji Hotels stake
Clearwater Capital Partners has raised its stake in Indian hotel chain Sayaji Hotels from just under 8.5% to 32.87% through convertible bonds, and is due to launch an open offer for a further 20%.
Sequoia invests Axtria
Sequoia Capital India has led a $2.5 million Series A funding round into Axtria Inc., a business analytics provider founded by serial entrepreneurs Jaswinder S Chadha and Navdeep S Chadha.
Quam Suzhou RMB fund makes first deal
The Suzhou QUAM-SND Venture Capital Enterprise, an RMB VC fund formed by a unit of Hong Kong-listed financial services group Quam Ltd., has announced its first investment, an RMB50 million ($7.3 million) growth capital commitment to PET bottle manufacturer...
Babson hires O’Keeffe for Asia Pacific sales/IR
Babson Capital Management, which recently announced the debut of its mezzanine-focused operation in Sydney, has announced the hire of Sue-Ellen O’Keeffe, hitherto with with Super Investment Management, to cover sales and IR duties across Asia Pacific.
CPP IB OTPP Transurban bid may fail on share sale
The Canada Pension Plan Investment Board (CPP IB) and Ontario Teachers' Pension Plan (OTPP)’s joint A$6.8 billion ($6.2 billion) bid for Australian toll roads operator Transurban Group may fail due to the target's decision to sell A$542 million ($490.5...
Mount Kellett appoints MacNamara for real estate
Mount Kellett Capital Management, the multi-strategy firm formed by former Goldman Sachs special situations star Mark McGoldrick and named after a mountain in Hong Kong, has engaged James MacNamara as an MD in London to invest in European real estate.
Rai may leave GA in Mumbai for own firm
General Atlantic's Mumbai-based Managing Director Raul R. Rai may be on the point of leaving the VC major to found his own private equity firm.
Partners Group fund raised $680 million, over target
Partners Group, the Switzerland-based private markets investment manager, has closed its latest Partners Group Global Value 2008 fund at EUR537 million ($680 million), exceeding its target of EUR500 million ($634 million).
Lazard Carnegie Wylie fund takes distressed hotel
The A$100 million ($91 million) Lazard Carnegie Wylie Private Equity Distressed Fund, which targets distressed Australian hospitality and pub assets, has bought the Steyne Hotel on Sydney's Manly Beach, reportedly for A$27 million ($24 million).
Choi steps down at VinaCapital fund
Dr. Jonathan Choi, a non-executive director at the London AIM-listed VinaCapital Vietnam Opportunity Fund, has resigned from his position.
IFC may back Asia water fund
The International Finance Corporation is considering an investment into the AmKonzen Asia Water Fund, a new Singapore-based vehicle targeting to raise up to $100 million for investments into PRC and Southeast Asian water projects.
NZ social infrastructure fund raises $29.5 million in IPO
The New Zealand Social Infrastructure Fund (NZSIF), a public-markets vehicle launched to invest in the Public Infrastructure Partners (PIP) Fund, has raised NZ$41 million ($29.5 million) from retail investors through an IPO.
ICICI Venture sees fresh senior exits
ICICI Venture is seeing more departures by key senior personnel, with reports that Jayanta Banerjee, a president in its private equity practice, resigned earlier this week together with directors Anand Vyas and Sunay Mathure, to start their own private...
Fadely moves to Weil Gotshal
John Fadely, formerly a corporate partner in the funds group of Clifford Chance in Hong Kong, has now joined Weil, Gotshal & Manges, as a partner and member of its global funds practice.
IFC to back Lok II
The International Finance Corporation (IFC), the private investment arm of the World Bank, will commit $15 million as an anchor investor for Lok II, the $80 million vehicle recently launched by Indian microfinance investor Lok Capital.