News >> Funds
JPMorgan closes $858.6 million Asia infra fund
JPMorgan Asset Management has announced the close of its JPMorgan Asian Infrastructure & Related Resources Opportunity Fund at $858.6 million.
TPG hires Kapur for India consumers
TPG Capital has announced the hire of Gunender Kapur, previously President and CEO of the foods division of Reliance Retail, as a senior advisor on the Indian retail and consumer space.
Apollo gets hold of Holdfast
Kelley’s team plus c.$1 billion Asia fund
Jain leaves IIF
Ajay Jain, one of the founding principals at IDFC Project Equity's $927 million India Infrastructure Fund, is leaving the firm to head the Indian infrastructure initiative of an unnamed US company.
BTS targets new $150 million Indian clean energy fund
BTS Investment Advisors, a private equity fund jointly headquartered in Zurich and Mumbai, will raise a new $150 million fund focused on the clean energy space.
Religare’s Chakraborty leaves for Oman’s Kitara Capital
Amitabh Chakraborty, formerly head of equity research at Religare Securities, has reportedly quit the leading Indian brokerage to join Kitara Capital, an arm of the Sultanate of Oman’s Ajit Khimji Group, as MD and CIO.
BoA will retain Merrill Asia property funds
Bank of America is no longer selling Merrill Lynch's $2.65 billion Asian property fund business, which the US bank had originally planned to divest among other non-core businesses following its acquisition of Merrill at end 2008 during the financial crisis.
New Horizon rumored at $1 billion
Co-founded by the Chinese Prime Minister’s son, Wen Yunsong, PRC-focused private equity fund New Horizon Capital is fundraising for its third fund, originally targeting $500 million but now rumored to be looking at hitting the $1 billion mark.
First Eastern launching Dubai fund
Victor Chu’s First Eastern Investment Group is planning a $250 million private equity fund to focus on investments in Dubai, aiming to assist local businesses starved of capital since the Gulf economy’s sudden collapse.
India's SMS GupShup shop gets $12 million VC investment
Globespan Captial Partners, a US IT-focused firm, Charles River Ventures, a US early stage venture firm and Helion Venture Partners, an India-focused venture firm, jointly injected $12 million into SMS GupShup, India's largest social network operator.
Istithmar’s Jackson resigns
David Jackson, hitherto CEO of Dubai World investment division Istithmar World, has stepped down, with Istithmar CIO Andy Watson taking his place.
Darby Overseas invests $33.5 million in PECH
Darby Overseas Investments, the private equity and mezzanine arm of Franklin Templeton Investments, has provided a $ $33.5 million senior secured convertible loan to PECH Holdings, a PRC alternator maker.
Cohen at the gates of the China Club
LBO legend in HK for Cowen Latitude
Carlyle’s BJ RMB MOU breaks cover
Not second, but significant, RMB announcement
Carlyle promotes for prospects in Asia
Ying, Balasubrahmanyan made MDs
Mount Kellett said retrenching
Mount Kellett Capital Management, the special situations fund founded by former Goldman Sachs proprietary investment star Mark McGoldrick, has reportedly cut the headcount in its 30-person Hong Kong office by up to one third, with most or all of these...
Japan’s venture market depressed
The Japan Venture Capital Association has reported that venture capital investment made in 2009 fell by about 40% to ￥37.8 billion ($417 million) over 472 deals from one year ago, an even more marked sharp drop compared with 2007, when VCs invested...
Aditya Birla makes $248m first fund close
Mumbai-based Aditya Birla Private Equity, a subsidiary of Indian multinational conglomerate Aditya Birla Group, has raised INR6.75 billion ($148 million) for the first close of its debut fund from domestic LPs, as well as $100 million from its parent...
Carlyle to get Buy The Way?
The Carlyle Group has emerged as one of the potential bidders in the final round of the auction of Buy The Way, a South Korean convenience store chain owned by Asia-focused private equity fund Unitas Capital.
Chongqing fund hits hot sector in China – education
Chinese investment firm Huiou (Chongqing) Equity Investment Co. has launched the Education Equity Investment Fund, claimed to be China’s first education-focused fund, aiming to raise RMB5 billion ($735 million) for pre-IPO investments in the sector.
Ant seeks foreign LPS
Japanese private equity firm Ant Capital Partners is aiming to raise ￥20 billion ($219 million) for its new buyout fund Catalyzer series No.4, from overseas as well as local LPs.
Lunar Capital triples up
Shanghai-headquartered private equity firm Lunar Capital Management has raised $150 million for its third fund, Lunar Capital Partners III, after fundraising started last autumn.
Korean government backs local venture
Korea Venture Investment Corporation (KVIC), a South Korean government-backed fund of funds, and Korea’s Small & Medium Business Administration, have jointly raised KRW200 billion ($178 million) for their new vehicle, first launched a year ago.
ARC partners with Westly for RMB cleantech
California-based venture firm Westly Group is partnering with ARC China Holdings, a Hong Kong-based fund manager, to launch an RMB-denominated private equity fund, in the continuing trend to create RMB partnerships between Greater China funds and foreign...