Huya, a Chinese game broadcasting business that spun out from social networking platform YY, gained 33.8% on its New York Stock Exchange trading debut following a $180 million IPO.
The company sold 15 million American Depository Shares (ADS) at $12 apiece, the top end of the indicative range, according to a filing. The stock peaked at $16.74 on May 11 before falling back slightly...
California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, plans to deploy up to $13 billion a year in direct private equity deals through two newly formed funds.
Japan Post Bank plans to increase the size of its alternatives portfolio more than fivefold in the next three years to JPY8.5 trillion ($76.5 billion). More than JPY2 trillion of this will be allocated to private equity.
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton Asia will invest INR1.7 billion ($25 million) in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF).