Indian educational institution IIM Ahmedabad has raised $12.5 million for its on-campus start-up incubator and seed fund from investors including the Bill and Melinda Gates Foundation.
Omidyar Network is among the other participants. The program, known as Center for Innovation, Incubation and Entrepreneurship (CIIE), is targeting a corpus of $25 million that will be deployed over the...
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).