KKR will target between $6 billion and $7 billion for its third pan-regional fund, taking a relatively small step up from the previous vehicle, which closed at $6 billion in mid-2013.
Indian recruitment companies Kelly Services India and Temp Holdings have launched a INR670 million ($10 million) venture capital fund focused on human resources-focused start-ups.
Indian biopharmaceutical company Vyome Biosciences has raised a $14 million Series C funding round led by US investors Perceptive Advisors and Romulus Capital.
Jaganath Swamy, a vice-president at HarbourVest Partners, has left the firm to join Good Parents, a health and wellness-focused start-up based in San Francisco and Hong Kong.
Navis Capital Partners has paid MYR61.8 million ($15.3 million) to Malaysian government-backed PE firm Ekuinas for a 20% stake in local cosmetics brand Alliance Cosmetics Group.
Mark Sowerby, founder and managing director of Australia-based Blue Sky Alternative Investments, will retire from the firm.
Brand Capital, an investment arm of The Times Group, has invested INR1.3 billion ($19 million) in Indian online classifieds services provider Quikr.
An investor consortium that includes several private equity firms has withdrawn their take-private offer for Chinese mobile dating app Momo.
New Zealand private equity firm Oriens Capital has received commitments for its debut fund in excess of the vehicle’s first-close target of NZ$30 million ($21.8 million).
Chinese online finance platform Lancai.com has raised a RMB180 million ($27 million) Series B round of funding led by Leshi Internet Information & Technology, also known as LeEco. Existing investor Legend Capital also participated.
Scale Ventures, a recently launched Indian venture capital firm, has acquired the portfolio of seed-stage investor Guerrilla Ventures.
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
China Everbright has reached a first close of $264 million on a new global investment fund.
You Pei Liang Pin, a Chinese B2B online food products supplier, has raised a RMB120 million ($18 million) funding round led by PE-backed online fresh-food retailer Yiguo and Chinese conglomerate GMK Group.
Didi Chuxing, China’s largest ride-hailing app operator which is set to acquire its rival Uber China, has received a strategic investment from China Post, a state-owned enterprise operating the official postal service in the country.
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
Australian GP Quadrant Private Equity has closed its eighth fund - and fifth as a fully independent entity - at $980 million ($754 million). As with the previous fundraise in early 2014, the process was completed in approximately one month.
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $45 million between two Chinese PE funds.
Douyu TV, a Chinese online platform that features live videos of people playing games, has raised a RMB1.5 billion ($226 million) Series C round of funding led by Phoenix Investments and existing investor Tencent Holdings.
Meet You, a Chinese social networking platform for women, has completed a new round of funding worth RMB1 billion ($151 million), having removed its variable interest entity (VIE) structure in preparation for an onshore listing.
Tsinova, a Chinese smart bicycle manufacturer, has closed a RMB150 million ($23 million) Series B round led by THG Ventures, a venture capital firm backed by state-owned Tsinghua Holdings.
Indian micro-finance institution (MFI) and non-banking finance company (NBFC) Suryoday Micro Finance has raised INR1 billion ($15 million) in fresh capital, with Aavishkaar Goodwell fully exiting the company in a separate transaction.
Metra Digital Innovation Ventures (MDI), the corporate venture arm of state-controlled telecommunications firm Telkom Indonesia, has led a funding round for Singapore-based online payment solutions provider Red Dot Payment.
ICICI Venture has exited nearly all of its remaining stake in Indian staffing services company TeamLease for INR1 billion ($15 million).