China-focused private equity firm Centurium Capital has reached a first close for its debut fund with US$925 million in capital commitments. Investors in the fund include Asia-, North America- and Europe-based sovereign wealth funds, funds of funds and family offices. Centurium will allocate up to 45 percent of the fund’s… Read More
India-focused investment advisory firm Multiples Alternate Asset Management has reportedly agreed to invest about INR2.5 billion (approximately US$37 million) for a 60 percent stake in India-based non-banking finance company APAC Financial Services. The company plans to use the funds to expand both its wholesale lending business and its affordable housing… Read More
Global alternative asset manager The Carlyle Group has reached a final close for Carlyle Asia Partners V with US$6.55 billion in capital commitments. Investors in the fund include Asian sovereign wealth funds, U.S. pension funds and high-net worth individuals. Launched in July 2017 with a target of US$5 billion, the… Read More
IIFL Wealth Management, an asset management subsidiary of India-listed financial services company IIFL Holdings, has agreed to sell a 5.1 percent stake for INR7.5 billion (approximately US$109 million) to global growth equity fund manager General Atlantic, family office Rimco, strategic investor HDFC Standard Life Insurance and hedge fund managers Ward… Read More
China-based non-banking financial services company VCREDIT, which is backed by global private investment firm TPG, has raised HKD1.6 billion (approximately US$201 million) through its initial public offering on the Hong Kong Stock Exchange. VCREDIT sold 78.7 million shares, an increase from the 68.6 million shares originally offered, at a price… Read More
India-focused private equity firm ICICI Venture Funds Management has exited its 30 percent stake in India-based hospital chain Krishna Institute of Medical Sciences (KIMS Hospitals) to global growth equity fund manager General Atlantic for INR8.5 billion (approximately US$125 million). ICICI Venture invested INR2.2 billion (approximately US$37 million) in 2014 in… Read More
Global private investment firm TPG has invested US$70 million in India-based distributed energy management company Fourth Partner Energy. TPG has completed the investment through The Rise Fund, its global impact investment fund. Fourth Partner Energy, which focuses on developing and financing rooftop solar power projects, intends to use the new… Read More
Global private equity firm CVC Capital Partners has acquired a 100 percent stake in Malaysia-based snack food manufacturer Munchy Food Industries (MFI), as well as its subsidiary Munchworld Marketing, for approximately US$250 million. MFI, which produces and distributes biscuits and other snack foods globally, intends to partner with CVC to… Read More
Global alternative asset manager The Blackstone Group has reached a final close for its first Asia-focused buyout fund, Blackstone Capital Partners Asia, with approximately US$2.3 billion in capital commitments. Washington State Investment Board and Korea-based Woori Bank reportedly committed US$200 million and US$73 million, respectively, prior to the fund’s US$1.5… Read More
This Bulletin contains practical guidance for industry investors, managers, practitioners and policy makers. It provides a thoughtful analysis of why it’s critical to get the governance right at private companies, flags imminent changes to the Cayman Islands anti-money laundering (AML) regime, clarifies changes in the private fund environment in Brazil and… Read More
(default archive template)