PE major Carlyle said to seek $1.8b for Japan fund


PE firms are finding opportunities to invest in Japan boosted by negative interest rates and an effort by PM Shinzo Abe to improve corporate governance.

South Korea’s Kakao strikes deal with taxi unions to run ride-sharing services

Kakao Corp’s unit proposed launching the car-sharing service last year, but was not able to start it amid fierce protests.

S Korea’s Milu Labs secures seed financing led by Magna Investment

The funds will support the clinical development of Milu Labs’ technology pipeline in China and across Asia

Bain names new Asia Pacific managing partner

Satish Shankar will be responsible for leading Bain’s business across the APAC region and overseeing strategy, operations, training and development.

Blackstone said to near $20b first close of flagship buyout fund

The New York-based firm notified investors that the first close for its eighth buyout fund may be in March or early April.

Advance acquires GIC-backed education technology firm Turnitin

Family-owned investment firm Advance counts Condé Nast, Advance Local, American City Business Journals, Sports Business Group, 1010data, and Stage Entertainment among its portfolio companies.

Australia’s Future Fund names Alicia Gregory as new PE head

The position was vacated late last year after three of the firm’s most senior members resigned to set up their own businesses.

People Digest: GGV’s Li promoted to Principal; Facebook comms director joins SoftBank

US and Shanghai-based venture capital firm GGV Capital has promoted its vice president Robin Li to the position of Principal.

South Korea digest: Kakao enters e-bike sharing; SoCar backs Nine2One

Kakao plans to launch its e-bike sharing service with a fleet of 400 bikes in each city and gradually expand to 1,000 by year-end.

Australian pension fund MLC pins hopes on PE investments to lift returns outlook

There is now a higher risk of policy mistakes coming from governments or central banks and the sustainability of corporate profit margins near all-time highs is under threat.