Chase Capital’s US$1 billion venture fund for Asia

By JulianMatthews
Thursday, February 24 2000

KUALA LUMPUR–Chase Capital Partners (CCP), one of the world’s largest providers of private equity capital, is about to close a US$1 billion fund for Asia in March.

Founder and managing general partner Jeffrey Walker told CNET Malaysia the new fund called Chase Capital Partners Asia will focus on investing in Japan, Hong Kong, Singapore, Korea, China, Taiwan and to a lesser extent, Malaysia, the Philippines, Indonesia and Thailand.

“The Asia Pacific region is definitely the greenfield place for foreign venture cap funds to shop around and seed new ideas, particularly in Internet-related investments. We expect many private equity funds to enter Asia soon, probably targeting more developed economies first. We are also targeting greater China given its huge market potential in the long run,” he said in reply to a CNET Malaysia query.

The Asian fund, which had its first close of US$521 million last May, is headed by Andrew Liu, the former president and managing director of Morgan Stanley Asia.
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Toddlers on the net: When should you get your child a PC?

by Anita Devasahayam

Children have become the new target of Internet pushers. Parents mesmerised by slick advertising campaigns, and not wanting their kids to be left behind, are taking the bait. But when is it the right time to introduce computers to children? And does the technology really provide them greater opportunities to be creative?

Educators are beginning to question the drive to get children on computers and on the Net at an early age — even before they can write, spell or do arithmetic. American educational psychologist Jane M Healy, PhD, in her eye-opening book: Failure to Connect: How Computers Affect Our Children’s Minds — For Better And Worse points out that computers, used in the wrong way, can actually hinder a child’s educational development.

With 35 years experience in teaching, Healy, a former tech-pusher, made an about-turn after three-years of exhaustive research in hundreds of schools across the United States. According to her findings, children under seven don’t really need to be exposed to computers at all as it affects their brains and physical health. “The brain undergoes certain ‘critical’ or ’sensitive’ periods in both childhood and adolescence, when learning environments exert special kinds of effects and when certain types of activities and stimulation are most appropriate and necessary for the brain to reach its potential. If we waste or subvert these developmental windows, the losses may be irrecoverable,” writes Healy.

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