Kuo-Chan Kung, former head of Greater China at MBK Partners (pictured), is launching his own private equity firm called Nexus Point Partners.
Kung was a member of the original MBK team that spun out from The Carlyle Group in 2005. He resigned towards the end of last year to pursue personal interests, departing a couple of months before MBK closed its...
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.