Asia-Pacific

ARC Capital invests $18m in Chinese dairy company(2)

ARC Capital Holdings, a China-focused fund listed on London’s growth market, has agreed to invest $18 million in a Chinese diary company via a joint venture.

Washington pledges $500m toward KKR’s first Asia buyout fund(2)

Washington State Investment Board has given a preliminary pledge to commit $500 million toward Kohlberg Kravis Roberts & Co’s first Asia-dedicated buyout fund.

AIG leads $433m Brazilian deal(2)

The company’s private equity division has led a consortium in buying Compania Providencia Industria e Comercio for $432.6m, making it one of the largest Brazilian deals of late.

CITIC Capital Partners boosts Japan private equity team(2)

CITIC Capital Partners is boosting its Japan private equity operations with the appointment of Hironobu Nakano as managing director, and the recruitment of two of his former colleagues.

Blackstone enters China

The global private equity firm has unveiled a new Hong Kong office co-led by Antony Leung, the region’s former financial secretary, and by Ben Jenkins, a top Blackstone dealmaker who will relocate to Asia. Schwarzman is ’impressed’ by China’s economic reforms.

Citigroup alumni to raise $1bn emerging markets fund

Two ex-Citigroup executives are raising a $1 billion fund to develop financial services businesses in emerging markets.

Oaktree Capital installs Asia chairman

Oaktree Capital Management has appointed Ralph Parks, a former Asia-Pacific chief of JP Morgan, as chairman for Asia to oversee a new private equity investment programme.

GSR Ventures raises $200m for early stage China tech fund(2)

GSR Ventures, an affiliate of Silicon Valley-based venture capital firm Mayfield, has raised $200 million for its second China-focused fund, less than a year after closing its debut fund.

Trouble for Indian start-ups

A study by Stanford University and TiE shows India is drastically falling behind its counterparts when it comes to early-stage VC funding, and the study’s author warns this could have dire consequences for the quality of later-stage companies down the road. Dave Keating reports.

VC firms invest $12m in telecoms group

XConnect Global Networks, a service provider to the telecommunications industry, has received $12 million of funding from a venture capital consortium led by Accel Partners and Venrock Associates.