News >> Industry
Measures taken to minimize damage on Japanese indexes
As a rare measure of flexibility, Japan’s Financial Services Agency and the Tokyo Stock Exchange have exempted companies that have been upended by last week’s earthquake from meeting earnings announcement deadlines, according to the Nikkei.
IFC makes case for microsavings
In light of the controversy surrounding the merits of microlending to impoverished borrowers – which has largely been a commentary on some MFIs’ operations in India - a report from the World Bank’s investment arm, the International Finance Corporation...
Squadron Capital boosts investor relations team
Hong Kong-based fund of funds Squadron Capital has bolstered its investor relations team with appointments that include Chau Ly as Director of Investor Relations & Business Development.
Saving PE on Republicans’ agenda
US Congressional Republicans are drafting five bills aiming to curtail the reach of the Dodd-Frank Act in specific areas of the financial industry, further targeting a provision that regards private equity’s disclosure protocol.
A Capital launches first outbound RMB fund
Hong Kong-based PE firm A Capital has teamed with the Beijing Municipal Bureau of Financial Work to launch China’s first reminbi-denominated outbound private equity fund, with an RMB3 billion ($456 million) target.
VIDEO: Kaizen's Sandeep Aneja
India’s education sector has become a hot investment realm of late, and in light of Kaizen Private Equity’s success in raising funds for its newest vehicle, Sandeep Aneja, Founder and MD of the education-focused group, discusses strategies for investors...
Partner Group hires Sony Life’s Numata
Mamoru Numata of Sony Life has joined Partners Group’s Tokyo office as a senior manager. His responsibilities will include investment origination, client relationships and business development.
Bain preps for $2b Asia fund
Bain Capital is reportedly set to fundraise for its second Asia-focused fund - targeting $2 billion, or twice the corpus of its previous vehicle raised in 2007 – and further looks to provide a new range of options for its fund investors.
CITIC closes Japan fund
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, has closed its second buyout fund dedicated to Japan with a commitment of over JPY 18 billion ($217 million), a similar size to its first fund.
Kotak Mahindra seeks $300m for infrastructure
Kotak Mahindra Group is on the road to raise $300 million for an infrastructure-focused private equity fund in India, and has already received capital commitments from Brookfield Asset Management in Toronto, Sumitomo Mitsui in Tokyo, and Kotak itself.
IDFC no longer a fund of funds
IDFC has pulled out of the private equity fund of funds business, which it entered in September 2009 under IDFC Capital. The Singapore-based FoF venture, which was headed by former ADB private equity head, Veronica John, reportedly failed to raise any...
Distressed Japanese hotel closes doors
PE-backed Hotel Sendai Plaza, one of Japan’s most historic hotels in Sendai, will permanently close its doors on March 25 due to a decline in sales and hurdles related to property rental fees.
TPG, J-Trust near Takefuji takeover
U.S. buyout firm TPG Capital and Japanese consumer lender J-Trust have emerged as the lead contenders to take over the collapsed Japanese consumer lender Takefuji Co., Dow Jones reported
Mekong invests in Vietnamese chemical distributor
Mekong Capital has purchased an undisclosed stake in Vietnamese specialty chemical distribution firm Asia Chemical Corporation for $3.4 million - capital invested from the PE firm’s Mekong Enterprise Fund II Ltd. (MEF II)
Oz supers negatively impacting fundraising: Forum
While speakers acknowledge that the fundraising environment was tough inherently, GPs in Australia have expressed discontent with the stance many superannuation funds have taken on private equity, believing that it does not accurately depict the value...
AVCL "making progress" with Australia tax issues
In an interview with Katherine Woodthorpe at the 8th Annual Australia & New Zealand AVCJ Private Equity and Venture Forum, the Chief Executive of AVCAL told AVCJ that she had spent four hours with the tax department just yesterday, and that although the...
NSR Chairman Rajat Gupta charged with insider trading
Chairman and Co-Founder of New Silk Route (NSR) Rajat Gupta is being investigated for insider trading by the Securities and Exchange Commission, alleging that he passed classified information, garnered through holding executive positions as Goldman Sachs...
Crosby subsidiary launch new fund
Shikumen Capital Management, a wholly owned subsidiary of Hong Kong-listed Crosby Capital Limited, announced the launch of a fund focusing on privately negotiated deals in Greater China, including late-stage growth capital and distressed and opportunistic...
J.C. Flowers raises stake in Shinsei Bank
US investor J.C. Flowers & Co. has reportedly upped its stake in Shinsei Bank as part of the bank’s efforts to raise an additional JPY69 billion ($842 million).
3i plans China fund
London-based private equity firm 3i is reportedly engaged in negotiations with the Chinese government to form a local fund, Cinco Dias reported.
China QFLP program to extend to Beijing
Months after PRC regulators approved a pilot scheme that allows overseas LPs to exchange their currencies into RMB to invest in Shanghai-incorporated private equity funds, authorities are set to extend the rule to Beijing.
Everstone set to close $550m fund
Indian PE firm Everstone Capital Partners is set to close its second fund at its planned $550 million corpus despite an influx of investor interest that has led to the vehicle’s oversubscription, an investor close to the vehicle confirmed to AVCJ.
Hopu’s Ong to raise $2b solo fund
Richard Ong, one of the founding partners of Hopu Investment Management Co., a successful China’s buyout firm, is said to be leaving the firm to set up his own fund, which plans to raise $2 billion, according to reports first published by the Wall Street...
HDFC takes stake, LP role in Kaizen
India’s Housing Development Finance Corp. (HDFC) has acquired a minority stake in education-opportunities group Kaizen Management Advisors Ltd., pledging an undisclosed amount of capital as an LP into Kaizen Private Equity’s new vehicle.