Creador has exited the remainder of its stake in India-based non-banking finance company Cholamandalam Investment and Finance (CIF) for INR2.2 billion ($32.5 million).
According to market data, the GP sold 2.4 million shares at INR925 each. It is Creador's third partial exit from Cholamandalam, following a sale of 36% of its holding in November for $21.5 million and...
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.