DCL Investments, a China-based distressed debt and special situations manager, is targeting around $500 million for its first US dollar-denominated fund, hoping to leverage renewed interest from foreign investors in this space.
The GP is also seeking RMB3 billion ($447 million) for its third renminbi vehicle and expects to reach a final close in the first half of the year, according to a source familiar with the situation. DCL...
Most traditional large-cap buyout funds have become hybrids in Asia, taking minority stakes in businesses to generate deal flow in certain markets and to harness regional growth trends
Addor Capital – a Chinese VC firm backed by Jiangsu High-Tech Investment Group, also known as Govtor Capital – has raised RMB1.56 billion ($241 million) for its second renminbi-denominated healthcare fund.
India’s Trifecta Capital has closed its second venture debt fund with $140 million in commitments. The firm raised about $68.4 million for its debut vehicle in 2017.
Gitai, a Japanese start-up developing a humanoid general-purpose work robot for use in space, has secured a JPY1.8 billion ($17 million) Series B round from local VCs.