New Chinese investment rules greatly expand investment opportunities in China for foreign investors and also allow for additional sources of capital for RMB-denominated funds, says law firm Debevoise & Plimpton. Until now, sponsors raising RMB-denominated funds have practically been required to raise capital solely from Chinese investors. New proposed rules
WI Harper Group, a Chinese expansion and early growth stage private equity firm, has appointed Savio Tung, founding partner and chairman of the technology investment committee of Investcorp, to its advisory board. Tung will counsel WI Harper on building its investment platform and on major market trends and investment
Over the last decade the state of private equity in the Middle East has gone from virtually nonexistent to a booming prospect to an industry facing a shakeout, says consulting firm Booz. The sector’s breakneck evolution has made it difficult for investors to obtain a clear picture of the industry’s
Financial law firm Walkers has made a number of promotions at its Hong Kong office. Arwel Lewis and Thomas Granger have both been promoted to partners in Walkers’ investment funds group. Lewis joined Walkers in January 2007, specialising in corporate work with an emphasis on private equity and investment funds.
GreensLedge Capital Markets has formed GreensLedge Asia, Tokyo Branch to expand the firm’s business activities in the Asian markets. Iku Nishino has joined GreensLedge Asia as a managing director and general manager where he will be responsible for providing capital markets advisory solutions and managing transaction executions from the firm’s
The Aureos South Asia Fund has completed a USD8m investment in Auro Mira Energy, a renewable energy generation company in India. Aureos South Asia Fund is managed by Aureos South Asia Managers, a subsidiary of Aureos Capital. This investment is the 11th made by the fund. Auro Mira was
Keyuan Petrochemicals, a manufacturer of petrochemical products in China, has closed a private placement financing with institutional investors with gross proceeds of USD20.3m to fund the purchase of raw materials for its petrochemical production facility. The lead investor was Prax Capital, a China-focused private equity fund that invests in the
Perella Weinberg Partners, a financial services firm providing corporate advisory and asset management services, has opened its latest office in Abu Dhabi, United Arab Emirates. The announcement accompanies the recent addition of Jameel Akhrass and Nabil F. Lahham as partners of the firm. Akhrass and Lahham will focus on growing
Growth equity firm General Atlantic has agreed to invest USD163m to acquire a 19 per cent stake in SouFun Holdings at its IPO price from Telstra, the selling shareholder. GA will be partnering with Apax Partners, which will invest an equal amount on the same terms. SouFun is the largest
Private equity firm StepStone Group has hired Weichou Su as managing director in the firm’s new Beijing, China office, which officially opened on 14 September. Su will focus on the firm’s investment activities in China and throughout Asia. StepStone has had a presence in China for several years and the
12 September, 2024 – 6:00 pm
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