Real estate private equity firm Gaw Capital Partners acted as co-capital sponsor in the first close of US$550 million for a China outlet mall investment fund. The ERES APAC II – China Outlet Mall Fund is backed by Allianz, Gaw Capital Partners, and TIAA General Account, a Frankfurt-based German asset management company, among others.
China Investment Corporation, a sovereign wealth fund responsible for managing part of China’s foreign exchange reserves, has partnered with U.S. investment giant Goldman Sachs to establish a US$5 billion China-U.S. industrial fund during President Trump’s visit to Beijing, according a CIC announcement on WeChat on Nov. 9.
Hamilton Lane Advisors L.L.C. has reached final closing of a new global private equity fund-of-funds vehicle at US$516 million, exceeding its original target of US$400 million, the firm said in an announcement.
Two private equity funds managed by a unit of Singaporean conglomerate Keppel Corporation Ltd. have secured a combined US$410 million in capital commitments after a first closing, according to an announcement.
Chinese outdoor advertising firm Focus Media has announced plans to co-establish four investment funds, each targeting RMB500 million (US$75 million) to invest in the Internet, technology, entertainment, education and travel sectors.
IDG Capital Partners has reached final closing of IDG Capital Fund III with total commitments of US$1 billion, according to a company announcement.
San Francisco-based Farallon Capital Management, L.L.C. has raised US$1.12 billion for two funds targeting special situations investments in Asia and Latin America, says a company announcement.
Ron Cao (pictured), co-founder and managing director of Lightspeed China Partners, plans to launch his own venture capital firm Yunjiu Capital to make early stage investments in China’s TMT (Technology, Media and Telecommunications) sector, according to Chinese media reports.
Lightspeed China Partners has launched fundraising for its debut RMB fund, in an effort to create greater flexibility in backing early-stage Chinese start-ups. The firm did not disclose its fundraising target.
Carlyle Group LP is seeking to raise around US$1 billion for its fifth Asian fund to back fast-growing companies across the region, according to media reports and a securities filing.
HighLight Capital, a healthcare-focused venture and private equity firm founded by ex-partners at CDH Venture and SB China Capital (SBCVC), is near completing raising RMB1.5 billion (US$229 million) for its second fund, according to Chinese media reports.
Meridian Capital China, a Chinese venture capital firm focused on the TMT (Technology, Media, and Telecommunications) sectors, has launched its fifth RMB fund with a target to raise RMB2 billion (US$305 million), according to Chinese media reports.
The venture capital arm of Lenovo Group Ltd. has launched its second fund with US$500 million to make early-stage investments in big data, cloud computing, artificial intelligence, Internet of Things (IoT) and consumer upgrade, the company announced during a press conference.
It seems everyone can be a venture investor in China nowadays. There was actress Angela Baby, who founded AB Capital. Her husband Huang Xiaoming teamed up with actress Li Bingbing and actor Ren Quan to establish Star VC. Famous TV host Zhang Quanling also joined Ziniu Fund as a partner last year.
A direct investment division of Guotai Junan Securities has jointly established an industry investment fund with the provincial government of Jilin province to invest in strategically important sectors in the region including agriculture, new materials and biopharma.
Global asset management firm BlackRock has raised around US$640 million for its third global direct co-investment private equity fund, the BlackRock Private Opportunities Fund III, according to a company announcement.
A joint venture investment fund established by Chinese brokerage firm Founder Securities Co., Ltd. and Korea Investment Partners has raised US$300 million to invest in the healthcare sector in Asia, according to Chinese media reports.
International Finance Corporation (IFC), the investment arm of the World Bank, has committed US$15 million to a fund managed by Innovation Works, a venture and accelerator founded by former Google China head Kai-Fu Lee.
Prometheus Capital, founded by the son of Asia’s richest man Wang Jianlin, has reportedly led a RMB50 million (US$7.7 million) series A round of investment in a Chinese computer mouse maker, according to Chinese media reports.
Global private equity firm Apollo Global Management is teaming up with the World Bank’s investment arm IFC to launch a US$1 billion debt vehicle to invest in distressed debt in emerging markets.
Chinese outdoor advertising firm Focus Media says it will team up with FountainVest Partners to launch a US$400 million fund to invest in sports companies in China and overseas, according to a securities filing (in Chinese).
GGV Capital announced the close of a number of new funds totaling US$1.2 billion, bringing the U.S. and China-focused venture capital firm’s total asset-under-management to US$3.8 billion across eight funds.
Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, is raising a larger venture round of more than RMB20 billion (US$3.1 billion) at a valuation of around US$60 billion, with the country’s sovereign wealth fund China Investment Corp. as one of the lead investors.
Unicorn Capital Partners, a China-focused venture capital fund-of-funds launched by former partner at Emerald Hill Capital Partners Tommy Yip, has closed its debut fund at about US$210 million.
KKR & Co. L.P. has reached final closing of its second special situations fund at US$3.35 billion to primarily invest in credit-oriented, distressed or event-driven situations, according to an announcement.
CITIC Capital Partners is reportedly seeking to raise as much as US$1.5 billion for a pair of China-focused private equity funds denominated in the U.S. dollar and the RMB, according to media reports.
Suning Commerce Group, one of China’s largest electronics retailers, plans to create a separate investment arm seeking to raise as much as RMB50 billion (US$7.7 billion) within five years.
Zhuang Chenchao, co-founder and former chief executive at China’s Qunar Cayman Islands Ltd., has started up his own venture capital fund to invest in Chinese start-ups, according to Tencent Technology.
Warburg Pincus LLC is planning to raise US$2 billion for a new China private equity fund to invest alongside its latest US$12 billion global fund, according to media reports citing people familiar with the matter.
Cherubic Ventures, an early stage venture capital firm with a focus on the U.S. and Greater China, is raising a new fund targeted at US$120 million, according to a company announcement.
Sequoia Capital is near final closing to raise as much as US$1.45 billion for a pair of funds to invest in Chinese technology startups, in potentially the biggest funds ever raised by the venture capital firm’s China unit, according to Bloomberg citing people familiar with the matter.