The Abraaj Group is releasing investors from commitments made to its latest flagship fund – which targets growth markets in Asia and other regions – having previously decided to suspend the fundraising process in the wake of governance concerns.
“Abraaj has voluntarily released investors from their commitments in Abraaj Private Equity Fund VI, and no longer intends to proceed with this fund in its current form,” the firm told Reuters. Washington...
China-based medical technology start-up SiBionics has raised CNY 500m (USD 79m) in a third tranche of Series C funding co-led by CPE and China Life Investment.
Invesco has led a USD 700m round for India-based on-demand delivery platform Swiggy at a reported valuation of USD 10.5bn.
BGH Capital has set the hard cap for its second Australia and New Zealand-focused fund at AUD 3.5bn (USD 2.5bn), having reached a first close of approximately AUD 3bn.
GLP, a regional logistics platform that makes private equity investments in ancillary businesses and technologies, has launched its debut Vietnam fund with USD 1.1bn in commitments.