InnoVision Capital, a Chinese private equity firm founded by Lane Zhao, who was one of the original members of KKR’s China team, is targeting USD 250m for its third fund and first US dollar-denominated vehicle.
TPG Capital has agreed to exit Union Bank of Colombo (UBC), a Sri Lanka-based lender it has held since 2014, to a Singapore-registered company of unspecified ownership.
Daesung Private Equity, an affiliate of Korean conglomerate Daesung Group, has launched a metaverse-focused fund with KRW 110bn (USD 84.6m) in commitments.
Hidden Hill Capital, which is backed by warehouse operator turned logistics and infrastructure investment manager GLP, has closed its debut growth-stage US dollar-denominated fund on USD 465m with secondaries specialist NewQuest Capital Partners among...
A Chinese investor group featuring several private equity firms has sold the non-China assets of LifeStyles Healthcare, a global sexual health and wellness platform best known for the Lifestyles condom brand, to US-based Linden Capital Partners.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Temasek Holdings has launched an internal review into the circumstances that led to its investment in collapsed cryptocurrency exchange FTX, but Singapore’s deputy prime minister refused to criticise the organisation’s governance structures.
3one4 Capital, an India-based early-stage investor, has launched its fourth venture capital fund with a target of USD 200m. It raised the same amount in the previous vintage.
KKR has completed its tender offer for Hitachi Transport Systems, having secured a 51.1% stake in the third-party logistics (3PL) provider at a valuation of JPY 749.5bn (USD 5.4bn).
More than half of family offices in Asia Pacific plan to increase their exposure to private equity funds next year, according to a survey conducted by Raffles Family Office and Campden Wealth.
Swee Yeok Chu, CEO and president of Singapore government investor EDBI, is stepping down from her role with a view to launching her own fund.
US-based growth-stage technology investor Vistara Growth has joined Queensland Investment Corporation in an AUD 36m (USD 25m) round for Vald, an Australian start-up that supplies performance-tracking technology to a host of professional sports teams.
Asian private equity has moved on from chasing momentum plays, with GPs increasingly pursuing opportunities where they have domain expertise and know they can add value, the AVCJ Private Equity & Venture Forum heard.
LionRock Capital is exiting Clarks to its majority partner, Li Ning-owned and Hong Kong-listed Viva China, having helped the struggling British shoe brand survive the pandemic
Targeting PRP Diagnostic Imaging through its long-hold fund meant IFM Investors could offer the company stability and partnership. It expects to generate dividend yield and capital growth
Having raised its second fund amid weakening investor sentiment for biotech, Panacea Venture expects deployment to be guided by a widening valuation gap between the US and China
Asia Partners, a Singapore-based private equity firm focused on growth-stage technology investments, is targeting USD 600m for its second fund.
Primavera Capital Group is looking to raise USD 300m for a private credit fund as the China-focused private equity firm continues to diversify its offering by geography and strategy.
Japanese venture capital firm Jafco has announced a JPY 42bn (USD 305m) share buyback programme that will take out positions held by investors with ties to activist investor Yoshiaki Murakami.
China-based CMC Capital has exited the bulk of its remaining stake in City Football Group (CFG), a series of football clubs built around the Manchester City brand, with CMC founder Ruigang Li vacating his seat on the company’s board.
ACE Convergence Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by Korean PE firm ACE Equity Partners, has completed a merger with US-based electronics manufacturer Tempo Automation. The equity valuation of the business was cut...
Unison Capital is targeting KRW 800bn-KRW 900bn (USD 603m-USD 680m) for its third Korea fund, nearly twice what was raised in the previous vintage.
Temasek Holdings-owned Heliconia Capital Management has teamed up with Singapore-listed Yanzijiang Financial Holding to launch a fund that will invest in small and medium-sized enterprises (SMEs) in Southeast Asia.
Multiples Alternate Asset Management is looking to raise up to USD 1bn for its fourth India-focused fund, with the International Finance Corporation (IFC) proposing a USD 60m commitment.