PE Tech Report

Weekly Asia News (Friday)

Singapore’s Infocomm Investments extends USD200m fund to European tech start-ups

Singaporean venture capital firm Infocomm Investments has launched in London and is extending its USD200 million fund to European tech start-ups. At a launch event held at Central London’s Southbank Centre, the chairman of Infocomm Investments and executive deputy chairman of Infocomm Development Authority of Singapore, Steve Leonard, announced the

solar panels

SunEdison signs solar photovoltaic JV with JIC Capital

Solar power specialist SunEdison has signed a joint venture agreement with JIC Capital to finance, develop, construct and own up to 1 GW of utility-scale solar photovoltaic (PV) projects in China over the next three years. The joint venture will focus on facilitating and structuring non-recourse financing for solar PV

Dollars

Neuberger Berman Private Equity exceeds USD1bn of committed capital from Japan and Korea

Neuberger Berman Private Equity has exceeded total committed capital of USD1 billion from Japanese and Korean investors. Neuberger Berman managed approximately USD31 billion in alternatives assets for institutional and individual investors as of 30 June 2014.     "We are very pleased with continued client interest in our private equity capabilities,

ADAM benefits from 22 per cent IRR project exit

An investment fund that Adamas Finance Asia (ADAM) invested USD1 million in last September has exited from a credit-finance project with a gross IRR of 22 per cent. ADAM has also received a second semi-annual dividend distribution in the amount of USD75,301.98 from its investment in GCCF.   Following an

Hong Kong

Two additional partners to join Akin Gump in Hong Kong

F Mark Fucci and Anne-Marie Godfrey are to join law firm Akin Gump’s Hong Kong office. Fucci joins as a partner in the financial restructuring practice, while Godfrey is as a partner in the investment management practice.   Both Fucci and Godfrey are joining Akin Gump from Bingham McCuthcheon bringing

Two fingers

Adamas appoints two senior advisors

AIM-quoted Adamas Finance Asia has made two senior appointments at its Hong Kong-based investment manager Adamas Asset Management (HK). Viscount Trenchard and Andrew Main have been appointed as senior advisers with immediate effect. Both have extensive experience of Asian investment markets.   The two appointments add to the Asian investment

ADAM results ‘establish foundation for move to credit finance’

AIM-quoted investment group Adamas Finance Asia (ADAM) says its improved interim financial results provide the foundation for a reshaped strategy. ADAM plans to sell off its private equity asset portfolio to provide cash reserves for redeployment into income-generating investments.    ADAM chairman John Croft says: “There is no doubt that

Up arrow

2014 sees record levels of VC investment in Asia, says Preqin

Preqin’s latest research into the Asian private equity industry has highlighted the accelerated growth in venture capital investment throughout the region in recent years. After a number of years of slower fundraising and investment activity across the continent, venture capital deal flow across Asia, particularly in more emerging economies such

Nova Founders Capital secures USD50m investment from Pacific Century Group

Nova Founders Capital has secured an investment of USD50 million from Pacific Century Group (PCG), an Asian investment group. Nova Founders Capital is a global internet investment firm, and will leverage the investment to build and develop financial technology businesses in high-growth markets. The investment will enable Nova to further

India flag

KKR extends financing to GMR Holdings

KKR has signed a term sheet to provide INR10 billion (USD164.2 million) of structured long-term financing, with co-investors, to Indian infrastructure development company GMR Holdings. The transaction is subject to customary transaction documentation. Further terms of the transaction have not been disclosed.   GMR Group is a growing infrastructure enterprise

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