Singapore-based Jungle Ventures has reached a final close of $100 million on its second fund, which will target Southeast Asian technology start-ups.
Accel Partners has closed its fifth India-focused venture capital fund at $450 million, less than two years after raising $305 million for the fourth vehicle.
Angel Plus, a Chinese early-stage VC fund established by Michael Yu, co-founder of New Oriental Education, has launched a debut US dollar-denominated fund worth $100 million.
Early-stage VC firm WI Harper Group has teamed up with two Chinese investment funds – Luxin Venture Capital Group and Shandong Leader Equity Investment Fund – to launch a cross-border fund that will invest in start-ups in China and the US.
Indian IT and business consulting firm Infosys has made a INR31.6 million ($4.6 million) LP commitment to the debut fund of Stellaris Venture Partners, a spin-out from Helion Venture Partners.
Australia-listed growth-stage private equity firm Bailador Technology Investments has launched a A$17.4 million ($13 million) capital raising.
US-Japan cross-border investment firm Draper Nexus Venture Partners has closed its second fund at $175 million.
Delta Capital Myanmar, formerly known as PMM Partners, has reach a first close on its second Myanmar-focused fund at $30 million. The full target is $100 million.
Falcon House Partners has closed its second Indonesia-focused fund at the hard cap of $400 million, buoyed by continued optimism about the rise of domestic consumption and a favorable response to the Widodo administration’s policies.
Redbud Capital, a VC fund-of-funds unit under Tsinghua Holdings, has launched a new vehicle worth RMB1 billion ($150 million) with several government-backed agencies to invest in China venture capital funds.
Australian resources-focused PE investor EMR Capital has reached a final close of $860 million on its second mining fund, above the target of $750 million.
Interest in cross-border transactions among Chinese strategic players is increasing, and PE firms have a number of crucial advantages in these situations, industry players told the AVCJ Forum in Hong Kong.
China VC investors are reminding portfolio companies to pursue profitability rather than sky-high paper valuations as the market continues to rationalize following an explosion of activity in recent years.
Shanghai-based venture capital firm Long Hill Capital Management, a spin-out from New Enterprise Associates (NEA), has closed its debut fund at $125 million.
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing and Financial Services, has reached a final close of $60 million on its latest growth fund.
New Zealand venture capital firm Movac has achieved a first close on its fourth technology-focused fund with NZ$105 million ($74.5 million) in commitments.
ShoreVest Capital Partners is bidding on its first Chinese non-performing loan (NPL) portfolios since the core team members departed Shoreline Capital.
Singapore is promising to provide venture capital firms with streamlined approval processes and tailored incentives as part of efforts to develop the fundraising landscape for local start-ups.
Tokyo-listed VC firm Future Venture Capital (FVC) has entered the US market, establishing a presence in Fort Collins, Colorado.
India-listed financial services company Centrum has launched a INR5 billion ($75.3 million) private equity fund to focus on domestic consumer-focused industries.
HarbourVest Partners has reached a final close of $4.8 billion on its latest global secondaries fund, beating the target of $3.6 billion.
KKR has launched its third pan-Asian fund, which has a target of up to $7 billion. The private placement memorandum was issued last week, according to a source familiar with the situation.
The International Financial Corporation (IFC), the investment arm of the World Bank, has proposed a $2 million investment in Jungle Ventures' Southeast Asia-focused seed fund.
Jubilee Capital, a newly formed venture investment firm based in Singapore, has reached a first close of $30 million on an early-stage technology fund targeting $100 million.