PAG Asia Capital is looking to raise $4.5 billion for its third pan-regional fund, reflecting the trend among Asia’s top-tier managers to push for ever larger pools of capital.
The step up in fund size on the previous vintage is meaningful but not outlandish compared to some of the firm’s regional peers. Having initially sought $3 billion for Fund II, PAG took about eight months...
As Grab and Go-Jek accumulate war chests to finance their battle for leadership in Indonesia’s online services space, the greatest benefit could go to the next generation of local technology entrepreneurs
CleanMax Solar, an Indian solar power developer with several PE backers, has raised INR2.75 billion ($39 million) from UK Climate Investments (UKCI), a renewable energy investment platform managed by Macquarie Infrastructure and Real Assets.
RWDC Industries, a Singapore-based materials developer focused on biodegradable plastics, has raised $22 million from a group of investors including Vickers Venture Partners.
Tencent Holdings has led a Series C round for China-based Tangdou, a social media platform targeting senior citizens. Other participants include GGV Capital, Shunwei Capital and IDG Capital.