One of the biggest stories this week was buyout major Warburg Pincus filing for a $4.25-billion China-Southeast Asia fund, its second focused on China and first with a dedicated focus on Southeast Asia.
This week, Mars also reported on the New Jersey pension fund considering a commitment of up to $100 million to this fund. He also got details on the sectors Warburg’s new fund will focus on and the performance of the predecessor fund, which invested $1.5 billion in 25 China and Southeast Asia startups.
Can’t Get Enough – The Asia PE Story
Another player on the fundraising trail in Asia is South Korean private equity firm Hahn & Company, which is expected to hold a final close of $2.5 billion for its third buyout fund in June.
One of its LPs is a Pennsylvania pension fund that has committed up to $150 million to the Korean PE firm’s latest fund and a co-investment vehicle.
Meanwhile, in the Venture World
EV Growth Fund, a joint venture between Indonesia’s Sinar Mas, East Ventures and Yahoo! Japan, made a final close of its first fund at $200 million, exceeding a $150-million target, after securing commitments from investors including SoftBank, Pavilion Capital and Indies Capital.
Tanu had this exclusive report on the Asian Development Bank’s (ADB) plans to raise a debut $40-million fund as it steps up its focus on venture funding with a special emphasis on impact investments.
Kristie spoke to Singapore-based venture debt provider InnoVen Capital about its growth plans after drawing a hefty $200-million commitment from its shareholders Temasek Holdings and United Overseas Bank. Expect accelerated expansion and larger follow-on investments from the firm.
Singapore-based real assets fund manager ARA Asset Management is looking to tap the Chinese real estate market via an onshore fund, reported Kay.
Qatar Investment Authority (QIA), the sovereign wealth fund of the state of Qatar, is acquiring a stake in Malaysia’s Pavillion Bukit Jalil mall, one of the largest shopping malls in the country.
An Event You Can’t Miss
Our speaker line-up for the Asia PE-VC Summit 2019 is shaping up quite nicely. We now have 48 confirmed speakers (and more to come!), with new additions including GGV Capital managing partner Hans Tung.