Hsiang-Ching Tseng
The Chinese private equity firm is nearing a final close on its second RMB fund and will soon raise a USD fund with a target of at least $1.4bn.
Former Goldman China chairman Fred Hu has labelled the advantages offered by RMB-denominated funds as 'artificial and transitory'.
The pair has sold Leader & Harvest, a Chinese cleantech company, for $650m, a figure representing more than three times the price paid in late 2009.
The Chinese venture capital firm has closed its fifth fund on RMB2.5bn, only months after its predecessor closed on RMB1bn.
Aktis Capital is on the cusp of closing its maiden fund on $100m. The fund will focus on opportunities in Western China across multiple sectors.
The Japanese fund of funds manager is in the market for a third Asian vehicle targeting secondaries opportunities in the region. It has a target commitment of up to $200m.
The Beijing- and Hong Kong-based firm is on the cusp of its hard-cap target of RMB10bn for its second RMB fund.
Steve Sun, managing director of Goldman Sachs' Principal Investment Area, has joined TPG as a partner on its China team.
Edward Sippel, who led Quadrangle's Asia office prior to its closure, will head the Hong Kong office.
The Abu Dhabi-based private equity firm and the Japanese conglomerate have once again partnered on an emerging market-focused fund.