South Korea’s Public Officials Benefit Association (POBA) has allocated $120 million to US mezzanine funds managed by Crescent Capital Group, Falcon Investment Advisors and GoldPoint Partners.
InnoVen Capital has provided more than $20 million in venture debt across 15 deals for new and existing portfolio companies in India in the second quarter of the 2017 financial year.
China’s outbound M&A market has taken off in recent years, but many are skeptical that purchasing companies will be able to handle the financial and operational burdens they have taken on
UK development finance institution CDC Group has invested INR3.3 billion ($49.7 million) in Indian private lender RBL Bank.
Having gained traction with its venture debt proposition in India, Innoven Capital is now following those same portfolio companies as they expand into Southeast Asia
Indian venture debt firm InnoVen Capital has committed a total of $6 million in structured debt financing to cloud-based software provider Capillary Technologies and educational technology start-up Simplilearn.
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
Intellegrow Finance, a non-banking financial company (NBFC) and venture debt lender that targets small and growing businesses in India, has raised INR1.34 billion ($20 million) from investors including existing backer Omidyar Network.
Investors see more opportunities in the growth mezzanine space as China’s economy slows, but deal structuring is a challenge due to the need for onshore and offshore components
American Capital, which has a presence in Asia through its energy and infrastructure investment business, will be acquired by Ares Capital Corporation (ACC) in a deal worth $3.43 billion.
Momentum is building among India’s non-banking finance companies, and PE, government and regulators see promise in the power to reach untapped markets. Success will require the support of all three parties
Rahul Khanna drew on his experiences in Silicon Valley to identify and then fill a gap in India’s VC landscape. The result was Trifecta Capital, the country’s first venture debt fund
Jonathan Lavine, managing partner at Sankaty Advisors, explains the firm’s strategy in Asia and globally. The following is taken from an interview for AVCJ TV conducted in the summer of 2015
Northstar Group has led a $1 billion investment in Salim Group, one of Indonesia’s largest conglomerates, through a structured transaction. TPG Capital and Gateway Management also participated.
The law firms, corporate service providers and accountants responsible for the offshore structures that underpin most private equity funds and transactions expect costs to rise as tighter regulations take hold.
KKR has signed up another partner for its India-focused real estate non-banking finance company (NBFC), with US-based investor The Townsend Group agreeing to commit capital.
Fullerton India Credit Company (FICC), the Indian non-banking financial company (NBFC) owned by Singapore's Temasek Holdings, will set up a new unit offering home financing in the affordable housing segment.
The rise of holdco PIK debt has created Australia-based financing structures in which senior lenders and mezzanine providers can coexist. They also offer GPs greater flexibility at what is, for now, an acceptable price
MMI, a Singapore-based hard disk drive components manufacturer owned by KKR, has secured a $520 million term loan and a $60 million five-year secured revolving credit facility to refinance its outstanding debt.
Australian vehicle financing and management service Eclipx, which is owned by Ironbridge Capital Partners and GIC Private, saw its stock jump 21% on debut following a A$253 million ($153 million) IPO.
It has become increasingly costly for private equity firms to access borrower-friendly US financing for leveraged buyouts in Asia. The US markets are fickle and volatile, but Asian banks are also stepping up
Trifecta Capital, the venture debt firm set up former Canaan Partners Managing Director Rahul Khanna, has secured a INR500 million ($8 million) anchor investment from RBL Bank for its debut fund, and set a new target of INR4 billion.
There is money to be made providing debt-based solutions to growing Indonesian companies that struggle to get financing from other sources. But enter uninformed or unprotected at your peril
DBS Bank has launched a venture debt program to support Singapore start-ups, presenting a capital-raising channel that involves little or no dilution of equity.