News >> Funds
CDH fund oversubscription reports denied
Leading PRC alternative assets fund manager CDH Investments, according to media reports, was said to be collecting up to $1.6 billion for its CDH China Fund IV, well above the putative c.$1.4 billion target.
Sequoia stimulates Chinese men’s fashion interest
Leading VC Sequoia Capital China Fund has reportedly made another Chinese e-commerce investment following OkayBuy.com, this time in high-end online menswear retail brand Masa Maso.
Carlyle announces Beijing RMB fund
The Carlyle Group has announced an MOU to form a Beijing-based RMB fund in partnership with the Beijing Municipal Bureau of Financial Work.
Orix to resume China investments
Orix Corp., one of the largest Japanese leasing companies, plans to invest ￥300 billion ($3.2 billion) in promising Chinese companies over the next three years.
HarbourVest makes promotions as Delbridge steps back
Pioneering Asia investor to support alma mater
Bain Capital makes India debut investment
Himadri leads niche market with opps for aggressive expansion
Walden exits Photop in China
Global venture capital firm Walden International has exited its investee Photop Technologies Inc., a Chinese manufacturer of photonics products based in Fuzhou.
Fast Global invests MobGold
Fast Global Investments, a hitherto unrecorded TMT-focused early stage Greater China investor, has led a $12 million Series B round of funding for MobGold, a Hong Kong-headquartered developer of mobile advertising and payment solutions.
Jacob Ballas, NEA, team on FSS deal
Jacob Ballas Capital India and US VC major New Enterprise Associates have reportedly teamed up to invest $60 million in Chennai-based electronic payments player Financial Software & Systems Ltd., for around 40% of the company.
Youku Series E nets $40 million
A Series E fundraising round for Chinese online video site Youku.com has raised around $40 million in its first tranche, with Chengwei Ventures leading fellow repeat investors Brookside Capital, Maverick Capital and Sutter Hill Ventures.
SAIF, Manitou list MOBI
SAIF Partners and Manitou Ventures investee MOBI Development Co. Ltd., a PRC radio antenna and base station manufacturer, has listed in Hong Kong.
Providence, SCPEL, shortlisted for MSM
US TMT-focused buyout firm Providence Equity Partners and Standard Chartered Private Equity, the investment arm of the UK’s Standard Chartered Bank, are reportedly shortlisted to acquire a 40-45% stake in Multi Screen Media Pvt Ltd (MSM), a Mumbai-based...
Australia tax office may hit investments
The Australian Tax Office has made a draft determination stating that in some cases profits from the disposal of assets by private equity firms can be classed as taxable income.
Raghavan sets up Steer Capital
Former Goldman exec and more recently head of India for Candover, Harsha Raghavan has announced the establishment of Steer Partners, rumored to be a partnership with WNS (Holdings) Ltd co-founder Neerj Bhargava.
Quam creates Xi’An JV RMB VC fund
Hong Kong-headquartered financial services group Quam Ltd. has signed a framework agreement with official investment agencies in Xi’An, Shaanxi province, to create an RMB venture capital fund for local investment.
Extream launches Singapore VC fund
Singapore-headquartered early stage VC firm Extream Ventures has launched its new Extream Venture Fund I at S$20 million ($14.2 million), after receiving commitments from Georgieff Capital in Germany and ART Texas Capital in the US.
CalPERS commits to SAIF
Leading US LP the California Public Employees' Retirement System (CalPERS) has reportedly agreed to commit $120 million to SAIF Partners IV, the new fund being raised by SAIF Partners for growth capital and late-stage VC investments in China and India.
Berkeley raises $74.3 million for renewables
Specialist energy Berkeley Energy has had a first close of their Renewable Energy Asia Fund at €50.7 million ($74.3 million), which plans to invest in renewable energy projects in India and other markets across developing Asia.
DCM invests Japan startup Tonchidot
DCM principal Osuke Honda has led a Series A, $4 million round in Tonchidot Corp., a Japanese-based startup that has captured tech interest for its augmented reality application. Also participating in the deal was seed investor Itochu Technology Ventures.
Malaysia’s MOL gives US VCs Friendster exit
Malaysian online payments business MOL Global Pte. Ltd. has agreed to acquire Friendster Inc., one of the pioneering social networking sites, giving VC investors Benchmark Capital, DAG Ventures, Founders Fund, Kleiner Perkins Caulfield & Byers and Siguler...
Australian Catholic Super invests Partners Group, Lexington
The Australian Catholic Superannuation and Retirement Fund (ACSRF) – which recently changed its name from the Catholic Superannuation and Retirement Fund – has reportedly made two new private equity commitments of A$50 million ($46.3 million).
OrbiMed debuts in India with Ecron Acunova
OrbiMed Advisors, which describes itself as “the world’s largest healthcare investment firm,” has made its first India investment with a commitment to Bangalore-based clinical research business Ecron Acunova, which handles outsourced clinical trials...
Macquarie plans Korea infrastructure fund II
Macquarie Group is reportedly looking to launch a new infrastructure vehicle in Korea, Macquarie Korea Opportunities Fund II, as a follow-on to its successful Korean infrastructure fund, potentially targeting up to $1 billion.
PRC central government announces VC fund plans
China’s central government has announced on the State Council website its plans for national-government-backed VC funds, to operate alongside local government and private funds.