The Mongolia Opportunities Fund is looking to make its first investment by the end of October. Batsaihan B. Jamichoi, the former Uniqlo executive who started the fund, told Bloomberg that he is targeting infrastructure and service provider in the mining sector.
The Mongolia Opportunities Fund wants to raise $75 million by June 2012 and has already received $25 million from investors including Mitsubishi Corp., International Finance Corp. and the European Bank...
UK-based private equity investor Dolma Impact Fund has committed $3.2 million to Swet Ganga Hydropower & Construction, a hydroelectric power provider in Nepal.
Nayuta, a Japanese start-up focused on combining internet-of-things (IoT) and blockchain technologies, has received a JPY140 million ($1.3 million) funding round led by Jafco.
InnoSpring and Alibaba Group have jointly launched an accelerator program in China with a view to helping international start-ups access Chinese markets and ecosystems.
Magmode, a China-based men’s fashion start-up, has raised $15 million in the second tranche of a Series B round led by Cathay Capital Private Equity. Existing investor Sinovation Ventures also participated.