Assets held by the world’s 100 largest managers increased 10% to $4.01 trillion in 2016 as growth in commitments to private equity, real estate, and credit more than offset a decline in hedge funds. Approximately 8% of these assets are invested in Asia Pacific.
Private equity funds accounted for $695 billion, up from $640.2 billion in 2015, while PE fund-of-funds increased from $419.7 billion to $492 billion, according to a survey conducted by Willis Towers Watson....
Space Cycle, a boutique fitness studio chain operating in mainland China and Taiwan, has raised a RMB100 million ($15.6 million) Series B round of funding led by Alibaba Taiwan Entrepreneurs Fund.
Creador is targeting $500 million for its fourth Southeast Asia and India-focused fund. The private equity firm closed its previous vehicle at $415 million in late 2016.
SBI Investment, the VC arm of Japan’s SBI Holdings, has launched a JPY50 billion ($450 million) fund that will focus on artificial intelligence (AI) and blockchain technology.
Singapore’s Temasek Holdings has led a Series C round of undisclosed size for Rokid, a Chinese artificial intelligence (AI) developer focused on home automation devices.