Trade tensions between China and the US have held back private equity fundraising in recent months, but industry participants are also considering the long-term challenges – and opportunities – of a schism between the world’s two largest economies.
“Since December, every month the number of fund launches we work on has halved,” James Donnan, a Hong Kong-based managing director with fund administrator Intertrust, told the Hong Kong Private Equity...
Sequoia Capital closed its latest set of funds for deployment in India and Southeast Asia with $1.35 billion in commitments.
Ucommune, a Chinese co-working space operator that failed to get traction with an attempted New York IPO last year, has been acquired by a US-listed special purpose acquisition company (SPAC) at a valuation of $764.9 million.
Indies Capital, a Singapore-based GP focused on Indonesia, has reached a first close of $100 million for its third flagship private equity and credit fund.
EQT has submitted a revised offer to acquire New Zealand retirement village player Metlifecare at a lower valuation after facing a legal challenge over its attempt to terminate a previously agreed deal.