True North has agreed to buy a 26% stake in Fedbank Financial Services (Fedfina), a non-banking financial company (NBFC) controlled by India’s Federal Bank.
The private equity firm will acquire newly issued shares in Fedfina for an undisclosed sum, according to a filing. Local media reported last year that Federal Bank was looking to raise INR3-4 billion ($45-60...
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).