Alex Lynn
Hyundai Marine & Fire Insurance has four venture funds in its PE portfolio and hopes to get access to "top-tier VCs," says Innchul Oh, a senior manager for private equity at HDMF.
The degree to which non-US sponsors would be impacted by the changes depends on whether they are registered with the SEC.
Several high-profile exits this year could serve to validate the Southeast Asian investment thesis.
Starlight Capital, led by Eastern Bell co-founder Tao Tang, is in market with two early-stage funds. The firm’s spin-out comes at a difficult time for Chinese fundraising.
Investors are piling capital into the country’s venture sector as the memory of its distribution problem begins to fade.
Silicon Valley GPs are urging international LPs to back their larger growth funds in lieu of VC offerings due to capacity constraints, says Masashi Kataoka, head of the $350bn insurer’s venture unit.
The SoftBank chief had received permission for a similar program in Vision Fund 1 – a plan that was scrapped after colleagues pulled out.
MSA Capital received a fundraising boost last year with the appointment Chris Lerner, former head of Asia at placement agent Eaton Partners, as a managing partner.
Indian pensions have been given the nod to participate in alternative investment funds, including venture, for the first time.
Launched by an ex-Blackstone exec, the new fundraising platforms comes as they proliferate in Asia in the hopes of seducing its burgeoning pool of wealthy individuals.