International Finance Corporation (IFC), the investment arm of the World Bank, has increased its stake in Mongolia's TenGer Financial Group (TFG) to 19% for an undisclosed amount.
IFC, which previously held a 15% stake in TFG, has also signed advisory agreements with the group's commercial banking subsidiary XacBank to strengthen its capacity to serve smaller enterprises - many...
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.
Yatra Online, an Indian travel services provider listed on NASDAQ, has raised INR1 billion ($15.4 million) in debt funding from InnoVen Capital.
Steven Okun, until recently KKR’s director of public affairs for Asia Pacific, has been appointed ASEAN representative for EMPEA, a global industry association for private capital in emerging markets.
East Ventures has launched a $30 million Southeast Asia fund that will make seed to Series A investments in technology start-ups, with an emphasis on Indonesia.