StepStone Group, a provider of private markets advisory and asset management services to institutional investors, has promoted Beijing-based Vincent Hsu to partner.
Hsu joined the firm in 2012 and is part of the team that covers primary fund commitments, secondaries, and co-investments across Asia. He previously spent about two years with Bertelsmann Asia Investments,...
MGI Tech, a Chinese manufacturer of gene sequencing devices, has raised more than $1 billion in funding led by IDG Capital and CPE (formerly known as Citic Private Equity).
IMM Private Equity has agreed to acquire Korea Kolmar Holdings’ pharmaceutical contract manufacturing organization (CMO) and its drug development business for KRW512.5 billion ($413 million).
Exacta Capital Partners, a Singapore-based private equity firm affiliated with Mizuho Bank, has led an acquisition of gym operator Anytime Fitness Asia for an undisclosed sum.
Marelli, a leading global automotive components supplier formed when KKR combined Japan’s Calsonic Kansei Corporation with Europe-based Magneti Marelli, has secured JPY130 billion ($1.2 billion) in additional funding to ride out a market downturn.