Reuters: Buyout firms fund raisings in Asia

June 6 (Reuters) – Private equity firms raising new Asia
funds, and some recently closed funds:

CARLYLE GROUP
Carlyle is raising around $3.5 billion for a new Asia
fund.

RRJ CAPITAL
The Asia-based firm founded by Malaysia-born dealmaker
Richard Ong plans to raise $5 billion in a new fund, a source
familiar with the matter told Reuters, making it one of the most
influential investors in Asia. RRJ’s first $2.3 billion fund is
60 percent invested after just over a year, through investments
in companies including Frac Tech Services Inc, Clean
Energy Fuels Corp and AAB, a Chinese diaper maker.

GREENPARK CAPITAL
Greenpark Capital has launched a $500 million global fund to
invest in private equity secondary markets, with a $100 million
cornerstone investment from International Financing Corp
, the finance arm of the World Bank.

AXIOM ASIA
China remains a key focus for Axiom Asia Capital Management,
a private equity firm founded by former executives of Singapore
sovereign wealth fund GIC, which in March said it
closed its third Asia fund at $1.15 billion.

HONY CAPITAL
One of China’s most successful private equity funds, Hony
Capital in early 2012 closed two new funds totalling close to $4
billion. Hony, backed by Legend Holdings, raised $2.4 billion
for its fifth U.S. dollar fund, and 10 billion yuan ($1.6
billion) for its second local currency fund.

KOHLBERG KRAVIS ROBERTS
Founded in 1976, U.S.-based KKR plans to raise up to
$6 billion through a new Pan-Asian fund.. KKR
invests in Asia from a $4 billion fund raised in 2007 and a $1
billion China growth fund. The firm also plans to put staff into
Asia to invest from its $2 billion global special situations
fund.

TPG CAPITAL
Global private equity firm TPG Capital plans a
$4-$5 billion Asia fund. The U.S.-based firm, founded in 1992,
currently invests in Asia from a $19.8 billion global fund and
its $4.25 billion regional fund, TPG Capital Partners V. Both
funds raised their investment capital in 2008.

MORGAN STANLEY ASIA PRIVATE EQUITY
Morgan Stanley‘s Asian private equity arm plans to
raise a new fund around the same size as its current $1.5
billion fund.

BAIN CAPITAL
Washington DC-based Bain has raised its second Asia fund,
doubling the size to $2 billion.

BARING PRIVATE EQUITY ASIA
Baring Private Equity Asia’s $2.46 billion Fund V was raised
in just five months and closed early last year.

SOURCE:

• Reuters