Asia-Pacific

OPENED & CLOSED

The emerging trend is your friend(2)

As established private equity markets slow in the wake of the credit crunch, global firms are looking further afield and local emerging market managers know this is no flash in the pan, Nicholas Lockley writes.

Tano and Darby join to establish new China fund(2)

Tano Capital, a US private equity firm which focuses on China and India, is forming a joint venture with Darby Overseas Investments and Tianjin Port Tariff-Free Zone Investments, a local government-linked.

Olympus invests $28m in Chinese cement(2)

Olympus Capital Holdings Asia has invested $28 million in a joint venture established with China-listed cement producer Sichuan Golden Summit.

DFJ continues global expansion(3)

Two weeks after announcing its newly-formed Russian affiliate, Draper Fisher Jurvetson has established an Israel fund in conjunction with Israeli VC firm Tamir Fishman Ventures.

Sharia-compliant MENASA fund holds $200m first close

Bahrain’s Ithmaar Bank, Shamil Bank and the Islamic Investment Company have held a first close on their mutli-strategy private equity fund targeting $500 million.

CVC Asia Pacific invests $225m in China-listed bottle maker(2)

CVC Asia Pacific has spent $225 million to acquire shares in a bottle maker in the largest private equity investment in tradable A-shares of a China-listed company.

Adveq opens Beijing office, closing $200m fund(3)

Adveq, the Swiss fund of funds, has opened its first Asian office at the same time as closing its debut fund for the region.

Northern Light closes second fund on $350m

NEA- and Greylock-backed Northern Light Venture Capital has held a final close on $350 million for its second fund, less than two years after closing its $125 million debut vehicle.

GA promotes management worldwide(3)

General Atlantic, the global growth equity firm, has continued its Asia push with three promotions to managing director in the region while also advancing staff in its US and Europe offices.