Alternative Investment Fund Launches and Updates – September 3, 2019
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Investment fund launches for September 3, 2019.
- First up, venture capital firm Golden Gate Ventures has filed to launch a $200 million fund in partnership with South Korea’s Hanwha Asset Management. The Singapore-based VC fund also said it will focus on Series B startups in the Southeast Asian region.
- Next, Hosen Capital is seeking $750 million for its fourth China fund. The food-and-agricultural specialist has ramped up funding as it taps into the booming food and agribusiness sector in the Asia-Pacific region. It’s worth noting that the firm closed a previous vehicle in March 2017 at $440 million. That figure exceeded the amount of money it wanted to raise by 10%. However, this new fund appears to be smaller than the previous fund’s goals. Bloomberg also reported in April that the firm sought $1 billion to invest in companies based in Japan, South Korea, and Taiwan.
- According to PitchBook, Counterpart Ventures wants to raise $100 million for its Fund II. According to an SEC filing, the San Francisco-based firm has been around since 2018. It has focused its attention on tech firms that specialize in areas like mobile software, marketplace firms, and automation/workflow software.
- Next up is L Catterton. The firm is seeking $4 billion to launch its ninth fund, according to an SEC filing. The filing came in right before the Friday Form D deadline. Fund IX would become the private equity giant’s largest flagship fund. The fund’s last flagship closed in 2016 At $2.75 billion. Fund VII raised $1.68 billion in 2013. The company has been busy in 2019. It announced plans to buy Del Frisco’s Restaurant Group in June for $650 million. It also sold Punch Bowl Social in July to Cracker Barrel Old Country Store.
- And finally, BlackRock plans to launch a $300 million real estate fund. This one is the asset-managers fifth Asia-focused fund. DealStreetAsia says that the fund could potentially rival the size of its Fund IV, which closed at $500 million in November 2017. Meanwhile, the news comes a few days after Greg Lapham announced his resignation as the head of the company’s APAC group.
For more updates on fund launches and investment positions, bookmark DailyAlts.com.
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