Pan-Asia logistics real estate developer ESR, backed by Chinese investors, has completed US$575 million in fund raising for its most recent Japan fund, bringing the total equity closings for the fund to US$1.2 billion, the company announced.
Stockholm-headquartered EQT Partners has reached final closing of the EQT Mid Market Asia III fund with total commitments of US$800 million. The fund seeks to make control or co-control investments in companies in Greater China and Southeast Asia with significant growth and development potential, the firm said today.
Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd, has announced the launch of a US$275-million special investment fund dedicated to Chinese technology start-ups.
The Ireland Strategic Investment Fund, a €8.0 billion sovereign development fund managed and controlled by Ireland National Treasury Management Agency, has teamed up with China’s CIC Capital Corporation to establish a €150 million fund to invest in high-growth Irish technology firms with an ambition to access the Chinese market, and Chinese firms seeking to use Ireland as a base for European operations.
LaSalle Investment Management has raised over US$1.1 billion of equity for LaSalle Asia Opportunity V, exceeding the initial US$750 million target announced at the fund’s launch in August 2016.
Cathay Capital Private Equity, a sino-Europe cross-border private equity firm, has teamed up with Total Energy Ventures and Hubei High Technology Investment Guiding Fund Management to launch Cathay Smart Energy Fund, an investment fund dedicated to the new energy sector in China.
Chinese Internet security firm Qihoo 360 Technology Co. Ltd. has teamed up with Beijing Cultural Center Fund to established a RMB1 billion (US$150 million) Internet and culture industry-focused fund.
Dah Chong Hong Holdings Ltd., a Hong Kong-listed distributor and dealer of motor vehicles in Greater China, said it plans to partner with its parent company that is a subsidiary of CITIC Ltd. to establish an investment fund to back consumer and healthcare companies.
Asian private equity fund-of-funds manager Asia Alternatives has reached a final close of over US$1.8 billion for its fifth fund, Asia Alternatives Capital Partners V, LP, and several other vehicles. The new funds will focus on building a diversified Asian private equity portfolio with an emphasis on top-performing local Asian fund managers, the firm said today in an announcement. Asia Alternatives Capital Partners V, along with its parallel fund Asia Alternatives Capital Partners V (ERISA), LP, closed on US$1.515 billion …
PAG Real Estate today announced the final closing of Secured Capital Real Estate Partners VI (SCREP VI), with US$1.9 billion in investor commitments, the Asian private investment firm said today.
International Finance Corp. (IFC), a member of the World Bank Group, is considering an investment of up to US$25 million in Genbridge Capital’s debut vehicle, according to a regulatory filing by the firm. Genbridge Capital is a Chinese investment firm founded by former members of the mergers and acquisitions division of JD.com Inc.
Healthcare-dedicated investment firm OrbiMed has closed its third Asia-focused private equity fund, OrbiMed Asia Partners III, LP, with approximately US$551 million in capital commitments.
Bain Capital has reached first closing of US$557 million for its Asian credit fund, as the private equity firm aims to capitalize on rising distressed debt investment opportunities in China and other countries in the region.
Chinese investment and advisory firm RJ Capital Group has teamed up with Shenzhen-based conglomerate Tempus Holdings to launch a new US$300 million investment fund to back companies benefiting from the trend of consumer upgrade in China.
The Carlyle Group, a global alternative asset manager, is seeking to raise US$5 billion for its fifth Asia buyout fund, Carlyle Asia Partners V.
C-Bridge Capital, a Shanghai-based private equity firm focused on China’s healthcare sector, has closed its second healthcare fund, C-Bridge Healthcare Fund II, at a US$400 million hard cap.
CMC Capital Partners, a venture capital and private equity firm founded by former president of Shanghai Media Group Li Ruigang, has raised US$600 million for its second U.S. dollar-denominated fund at its hard cap.
Legend Capital, the venture and growth capital arm of China’s Legend Holdings Ltd., has raised a total of RMB8 billion (US$1.1 billion) for its seventh U.S. dollar-denominated venture capital fund and fourth RMB fund, according to a company announcement.
Wang Hao (pictured), formerly a managing partner at Shanghai Greenwoods Investment Management Co., Ltd., has left the company to start his own investment vehicle.
CITIC Capital Partners, an investment arm of CITIC Capital Holdings Ltd., has reportedly reached final closing for its China-focused private equity fund dominated in U.S. dollars at its US$1.57 billion hard cap, according to local media reports.
Zili Shao (pictured), J.P. Morgan’s vice chairman of Asia Pacific, has left the bank to start a new distressed debt investment firm to capitalize on an expected expansion of China’s non-performing loans.
Global private equity firm KKR has reached the final closing of its US$9.3 billion KKR Asian Fund III, the largest ever investment vehicle focused on private equity transactions across the Asia Pacific region.
American talent and sports agency Creative Artists Agency (CAA) and Chinese film distributor and production company Bona Film Group have announced the establishment of a long-term film fund, with an initial fundraising target of US$150 million.
Chinese investment banking firm CEC Capital Group has reached a first closing of RMB3 billion (US$430 million) for its maiden future industry fund, which will invest in companies operating in innovative industries in China.
ClearVue Partners, a Shanghai-based private equity firm focused on the consumer market in China, announced today that it had completed the final closing of its second fund ClearVue Partners II, L.P. at US$362 million hard cap.
Hong Kong-based real estate private equity firm Gaw Capital Partners has reached a final closing of its fifth Greater China and Asia Pacific focused real estate fund at its US$1.3 billion hard cap.
The International Finance Corporation (IFC) is considering an investment of up to US$25 million in Carlyle Group’s fifth Asia fund, Carlyle Asia Growth Partners V, L.P., according to a disclosure.
Emerging markets-focused energy investment firm Actis has reached final closing on its fourth energy fund Actis Energy IV at its US$2.75 billion hard cap, according to a company announcement.
Hosen Capital, a private equity firm backed by Chinese agribusiness conglomerate New Hope Group, has completed a final closing for its third fund with total capital commitments of US$440 million, the firm announced last Friday.
Ma Weihua, formerly president and CEO of China Merchants Bank Co., Ltd., has launched a private equity fund in Shenzhen’s Qianhai district, according to public records.
A unit of CITIC Group plans to raise RMB6 billion (US$874 million) for a number of funds to invest in education companies in China, according to a company announcement.