Difficult economic and political conditions bode well for the Korean PE industry in the near term, according to Michael Chung (pictured), head of Korea at Morgan Stanley Private Equity Asia (MSPEA).
Japan’s Daiwa Securities and Mitsubishi UFJ Financial Group have joined a $50 million Series C round for Malaysian used car trading platform Carsome.
Australia-based cybersecurity start-up Secure Code Warrior has secured a $47.6 million Series B round led by Goldman Sachs.
UniSA Ventures, a tech commercialization unit of the University of South Australia, has secured A$45 million ($31 million) from a group of Chinese investors for an Australia-focused biotechnology fund.
Neuron Mobility, a Singapore-based e-scooter company, has secured a $18.5 million Series A round led by Australia’s Square Peg Capital and US-based GSR Ventures.
Vertex Ventures, a VC arm of Singapore’s Temasek Holdings, has received commitments of $180 million from Japanese investors for a fund-of-funds that will support its global portfolio of VC vehicles.
Evermos, an Indonesian social e-commerce company focused on halal and sharia-compliant products, has raised an $8.2 million Series A round from a group of VCs.
Indian last-mile delivery and logistics start-up Shadowfax has raised $60 million in Series D funding from a group including Eight Roads Ventures and Qualcomm Ventures.
China’s Ping An Insurance has led a $70 million Series D round for Indian online auto marketplace CarDekho. It is Ping An’s first venture investment in the country.
Canada Pension Plan Investment Board (CPPIB) has agreed to invest up to $600 million in NIIF Master Fund, a rupee-denominated infrastructure vehicle anchored by the Indian government.
Circulate Capital, a Singapore-based investor dedicated to stemming plastic waste pollution in South and Southeast Asia, has reached a first close of $106 million for an ocean protection fund.
US-based logistics and supply chain investor Prologis has established a $1.7 billion China fund as part of a broader country expansion.
A freshly spun-out private equity arm of SK Securities is helping Korea’s One Store break up a local monopoly in mobile videogame marketing.
Global economic and political themes are exerting an almost invisible undertow on LP participation in the secondaries market. The boom in Asia will be touched but not redirected
Korean VC firm SV Investment has led a KRW5.6 billion ($5 million) round for MVL, which operates the Tada ride-hailing service in Southeast Asia.
EOC Pharma, a Chinese biotech developer focused on cancer treatments, has closed a RMB500 million ($71 million) Series C round raised from a group of local private equity investors.
Chinese cross-border private equity firm Sailing Capital has exited its position in Soneva, a Thailand-based luxury hotel operator known for its Maldives resorts, following the sale of a significant minority stake to US-based KSL Capital Partners.
The Asian Infrastructure Investment Bank (AIIB) and Clifford Capital, a Singaporean infrastructure investor, have jointly launched an approximately $2 billion debt platform.
Accel Partners has closed its fifth early-stage India venture capital fund with $550 million in commitments.
Singapore-based financial technology provider FinAccel has raised a $90 million Series C round led by Australia’s Square Peg Capital and Korean investors Mirae Asset Capital and Naver.
GLP, a private equity-owned warehouse operator based in Singapore, has set up a China logistics fund at RMB15 billion ($2.1 billion).
Chinese cancer and autoimmune disease therapy developer Clover Biopharmaceuticals has raised a $43 million Series B round led by local VC Lapam Capital and US private equity firm Delos Capital.
IFC has proposed to invest up to $30 million in the latest fund from Vietnam-based private equity firm Mekong Capital.
FEBE Ventures, a Vietnam-based early-stage investor set up earlier this year, has launched a $25 million for targeting local and cross-border technology start-ups.