Indonesia-based Alpha JWC Ventures has agreed to invest up to $5 million in PayPal’s financial technology start-up incubation program for Southeast Asia.
"PayPal began as a start-up and the entrepreneurial spirit is still deeply embedded in our DNA," Jerry Tso, general manager for PayPal Singapore Development Center, said in a statement. "We understand...
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).