Lexington Partners has backed a GP-led tender offer for TPG Capital’s fifth and sixth Asia funds, taking out existing positions held by LPs and investing new capital into the firm’s seventh pan-regional vehicle. The transaction represents a total capital commitment of around $1 billion.
TPG is the largest financial sponsor globally to use the secondary market in this way. The transaction is also by some distance the biggest tender-plus-staple completed in Asia. It underlines a broader...
JD Health, the healthcare unit of Chinese e-commerce giant JD.com, has filed for Hong Kong IPO. The company’s backers include Hillhouse Capital, CPE, CICC Capital, and Baring Private Equity Asia.
General Atlantic has become the third global GP to double down on Reliance Industries’ plans to reinvent digital consumer services in India, following its earlier commitment to Jio Platforms with an investment in the conglomerate’s retail unit.
Green Monday, the Hong Kong plant-based food distributor behind the Green Common retail chain and OmniPork alternative meats, has raised its first institutional round of funding.
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