Sharon Lim

Credit Suisse poaches Ritchie Capital Asian team(2)

Credit Suisse has boosted its private equity presence in Asia by hiring a team of six from hedge fund group Ritchie Capital, including new head Harjit Bhatia.

Venture capital investment in China grows(2)

In 2006, venture capital investments in mainland China reached its highest point in three years and the scope of non-technology investments have also broadened, according to a study by Dow Jones VentureOne and Ernst & Young.

Vietcombank increases fund size almost tenfold(2)

Vietcombank Fund Management, a joint-venture between Bank for Foreign Trade of Vietnam and Singapore-based Viet Capital Holding, has raised $120 million for a second fund, one year after it closed its maiden fund on $12.5 million.

Warburg Pincus Korean chief gets four-year jail sentence(2)

A Korean court has slapped Warburg Pincus with a fine in addition to sentencing Hwang Sung-jin, the US private equity firm’s local chief to four years in prison for insider trading.

Pacific Equity Partners $1.3bn MBO attempt fails(2)

As expected, Pacific Equity Partners and the co-founders of Australia’s Flight Centre failed to receive enough shareholder support to take the listed travel agency private, after its largest shareholder voted against the deal.

Carlyle and Providence in Australia media deal(2)

The Carlyle Group and Providence Equity Partners have become the new partners for Irish publishing group Independent News & Media in the latter’s listed media business in Australia and New Zealand.

OPIC sponsors three Jordan-related funds(2)

US investment agency Overseas Private Investment Corporation is committing $200 million to three private equity funds that will be investing in Jordan.

MKS loses a partner to KKR(2)

MKS Partners, hailed one of the three big Japanese private equity houses, has lost one of its partners to Kohlberg Kravis Roberts.

CDC commits $20m to Lombard Asia Fund III(2)

CDC Group, the UK government-backed fund of funds, has made a $20 million commitment to Lombard Asia III, an expansion capital fund that will focus on South Asia and Greater China.

Harbourvest Partners promotes in Hong Kong(2)

The global fund of funds manager is promoting a principal to managing director in its Hong Kong office shortly after announcing the final closing on two funds.