Fundraising hits a record quarterly high, thanks entirely to Chinese government-backed vehicles; Australia, Southeast Asia compensate for investment slowdown in China; India shines on exits
Yao Ming-backed PE firm will grow the reach of kickboxing by emphasizing similarities to Chinese fighting styles
Althea, a South Korean cosmetics e-commerce site that markets primarily to Southeast Asia, has raised a $3.5 million Series A round from a group of investors including Mirae Asset Ventures, Cherubic Ventures and 500 Startups.
Australia’s Telstra Ventures has made an LP commitment to Singapore-based Monk's Hill Ventures' debut Southeast Asia fund - which is targeting S$100 million ($80 million) - as part of an ongoing pivot to Asian venture capital.
Singapore’s GIC Private has agreed to invest IDR5.2 trillion ($387.4 million) in Trans Retail, a hypermarket operator controlled by Indonesian conglomerate CT Corp.
KV Asia Capital has acquired a controlling stake in TF Value-Mart, a leading hypermarket chain in Malaysia.
Emerging markets property portal Lamudi has raised EUR29 million ($31.4 million) from its main backer, Germany's Rocket Internet, and several additional investors.
Venturra Capital has led a $12 million Series A round for Malaysia-based gym membership app KFit.
Following a spin-out from Cargill, the PE unit of Black River Asset Management has been renamed Proterra Investments Partners. The agriculture-focused remit is unchanged
KKR has fully exited Vietnam’s Masan Consumer Corp. (MCC), generating a more than 2x return on a $359 million investment made across two tranches in 2011 and 2013.
Singapore-based Jungle Ventures, which is currently raising its second fund, has strengthened its management team with the appointment of a new CFO, director of corporate development, and head of finance.
CVC Capital Partners and the Riady family's Lippo Group have suspended plans to sell their majority stake in Link Net, an Indonesian fixed-line broadband and cable TV operator.
In addition to an advisory business that targets large-scale LPs, Hamilton Lane has a discretionary portfolio geared towards the middle market. It expects Asian GPs in this space to adapt to changing dynamics
Indonesian venture capital firm Kejora Group has hired Eri Reksoprodjo, formerly of Saratoga Capital, as a partner as it looks to raise up to $100 million for its first institutional fund.
Bain Capital spent 10 years restructuring Europe-based FCI - more than returning its capital from divestments in the process - into an Asia-focused electronics business
Thanks to a strong relationship between their respective founders, Armstrong Asset Management has helped The Blue Circle become an influential player in Southeast Asia’s renewable energy sector
Nick Nash left a career with General Atlantic to work for one of the private equity firm’s portfolio companies. A year later he sees it as one of the best moves he’s ever made
Olympus Capital commits $30 million to support the roll-out of CreditAccess Asia's microfinance business in new markets
Singapore-based biotech developer Aslan Pharmaceuticals has closed its Series C round of funding at $43 million with additional capital from new investor MVP Capital Partners.
Moxy and Bilna, two VC-backed Southeast Asia e-commerce sites focused on female customers, have agreed to merge.
Olympus Capital Asia has agreed to invest $30 million in CreditAccess Asia, but this could just be the starting point as the India and Southeast Asia-focused microfinance institution (MFI) pushes into new markets, with Vietnam the likely next target.
Indonesia's financial regulators will introduce tighter rules for foreign venture capital investors doing business in the country.
Creador has acquired a 6.56% stake in 7-Eleven Malaysia Holdings, the country’s largest convenience store chain with more than 1,900 stores, for around MYR108.8 million ($25.3 million).
Baring Private Equity Asia is set to buy Singapore-listed precision engineering business Interplex Holdings after CVC Capital Partners and Standard Chartered Private Equity agreed to tender their combined 57.7% interest in the company.