Mekong Capital has invested in Nhat Tin Investment Trading Development, a Vietnam-based express delivery company founded by a team that previously exited a similar business to Kerry Logistics.
The deal size was not disclosed, but Mekong typically commits $6-15 million per transaction. It is the fifth disclosed investment out of the firm’s fourth fund – which closed last May at $112 million...
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.