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 …
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.
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.
AGIC Capital, an Asia-Europe cross-border growth equity firm founded by former Deutsche Bank executive Henry Cai, has reached a final close of its debut US$1 billion fund, the firm announced today.
CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd, has closed its third Japan buyout fund, CITIC Capital Japan Partners III, at a hard cap of JPY30 billion (US$267 million), the firm said in an announcement.
CEL Global Investment Fund, L.P., a private equity fund sponsored and managed by China Everbright Ltd., has completed its second closing in December with an accumulative capital commitment of approximately US$294 million, the company announced today.
New York Stock Exchange-listed Chinese hospital management solutions provider Concord Medical Services Holdings Ltd. has set up a healthcare fund in partnership with Zhongrong International Trust Co., Ltd., it said in a statement.
China-focused alternative investment firm CDH Investments has closed its China mid-market fund at the hard cap of US$800 million in total commitments, according to media reports.
Singapore-based Axiom Asia Private Capital has completed the final close of its fourth fund, Axiom Asia IV, L.P, with over US$1 billion in total commitments and exceeding its target of US$750 million, the firm announced today.
Warburg Pincus has closed a US$2 billion China fund; a companion fund to its twelfth global private equity fund that closed in late 2015 with US$13.4 billion in total commitments.
D&J Industrial Property (China) Investment Ltd., a business park and suburban office developer and operator majority-owned by Warburg Pincus, has launched an investment fund with AVIC Trust to invest in industrial infrastructure in China.
New York-based alternative investment firm Angelo, Gordon & Co., L.P. has reached a final closing of its third Asian real estate fund with total capital commitments of approximately US$850 million, exceeding the fund’s US$750 million target, the firm said.
Warburg Pincus and Vietnam-focused private equity firm VinaCapital have launched a joint venture to invest and develop hospitality projects across Southeast Asia, according to an announcement.