India's MCap cancels plans for a second fund
MCap Fund Managers, the Indian GP that spun-out from Baring Private Equity Partners India in 2010 and closed a $60 million fund the following year, will not raise a second vehicle.
Two team members, including founder Subbu Subramanian, remain to manage out the remaining eight positions in Emblem FII. The firm has so far achieved two full exits from electrical appliance manufacturer...
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Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.