Gordian Capital, a Singapore-based asset manager, has confirmed Beenext Capital Management as its second venture capital spin-out this week.
Dedicated Asia secondaries investor NewQuest Capital Partners has opened an office in Mumbai, its third in the region. The firm has invested $200 million in India over the last two years and expects its investment pace to increase in the near term.
Government-back fund-of-funds Korea Venture Investment Corporation (KVIC) and Applied Ventures, the VC arm of US-listed technology developer Applied Materials, have jointly launched a fund focused on Korea start-ups.
IDG Capital has completed a secondary deal worth nearly $600 million, selling down LP positions in at least seven funds managed by affiliates in India and Vietnam as well as by the GP itself in China. These holdings were acquired as part of the purchase...
The team behind Qualgro ASEAN, a venture capital fund established under Singapore asset manager Gordian Capital in 2015, has spun out to form an independent VC firm.
CITIC Capital Partners has closed the US dollar-denominated portion of its latest China fund at the hard cap of $1.57 billion after about one year in the market. The renminbi tranche is still being raised, with a target of RMB3 billion ($439 million).
The International Finance Corporation (IFC) is considering an investment of up to $25 million in a Thailand-focused fund launched by Morgan Stanley Private Equity Asia (MSPEA).
Tata Capital is looking to raise $600 million for the second Tata Opportunities Fund, a private equity vehicle that invests in Tata group entities as well as other independent Indian businesses.
Cool Japan Fund, a government-backed venture program for promoting cultural exports, has agreed to invest up to $10 million in a recently launched Japan-focused vehicle managed by 500 Startups.
PingCap, a Beijing-based start-up that provides database solutions for enterprise customers, has secured a $15 million Series B round led by China Growth Capital.
Thailand’s Government Savings Bank and the Stock Exchange of Thailand (SET) have jointly established two venture capital funds worth a combined THB1.5 billion ($44 million).
Intudo Ventures, a newly-formed Indonesia-focused VC firm, has raised $10 million for its debut fund that will co-found and invest in early-stage companies.
Fireside Ventures, an Indian VC firm set up by Helion Venture Partners co-founder Kanwaljit Singh (pictured), has reached a first close of INR1.8 billion ($28 million) on its debut fund.
ShoreVest Capital Partners, a China-focused distress and special situations investor created by former executives from Shoreline Capital, is looking to raise $750 million for its debut fund.
Pakistan’s Lakson Investments claims to have been awarded the country’s first venture capital license with the launch of a new fund that will target domestic start-ups.
IDG Ventures India has joined Unilever Ventures and Amazon Web Services (AWS) for an initiative aimed at supporting early-stage technology start-ups in India.
Beacon Venture Capital, the VC arm of Thailand-based Kasikorn Bank, has launched a fund aimed at financial technology start-ups with a corpus of THB1 billion ($29 million).
Hamilton Lane has closed its latest global secondaries fund at $1.9 billion. It is the largest secondaries vehicle the firm has ever raised, coming in at more than twice the size of the previous fund.
L Catterton Asia – the regional arm of L Capital, which merged with US-based Catterton last year – is looking to raise $1.25 billion for its third fund.
Legend Capital has closed its seventh China-focused venture capital fund at $448 million. The vehicle is smaller than the firm’s previous vehicle – which raised $500 million in about five months – and spent longer in the market.
Sequoia Capital has topped up its fourth India fund – having closed the fifth country vehicle early last year – and disclosed that its most recent China growth vehicle closed at $899.5 million.
Minnesota State Board of Investment (SBI) has committed to $100 million to Asia Alternatives’ fifth fund-of-funds, having recently increased its exposure to the region through vehicles managed by Warburg Pincus and KKR.
KKR has closed its third pan-regional fund at $9.3 billion, breaking its own record for the largest pool of private equity capital ever raised for deployment in Asia. The fundraising process took less than seven months and the vehicle is said to have...
China-based healthcare specialist Lyfe Capital has raised more than $420 million for its second fund, which comprises parallel US dollar and renminbi-denominated tranches.