Investcorp raises $145m for IDFC India PE fund
Investcorp has reached a final close of INR10 billion ($145 million) on the second private equity fund of IDFC Alternatives. The Bahrain-listed asset management firm acquired IDFC's PE and real estate businesses last year.
The IDFC acquisition marked Investcorp's entry into India, giving the firm a ready-made India investment platform with combined assets under management (AUM) of nearly $450 million. IDFC launched its second...
More on South Asia
Latest News
GP profile: CPE Capital
CHAMP Private Equity became CPE Capital earlier this year, following a leadership transition. The Australian GP has also refined its middle market investment strategy, emphasizing functional expertise
Macro uncertainty to drive increased Korean M&A
Difficult economic and political conditions bode well for the Korean PE industry in the near term, according to Michael Chung (pictured), head of Korea at Morgan Stanley Private Equity Asia (MSPEA).
Malaysia's Carsome raises $50m Series C
Japan’s Daiwa Securities and Mitsubishi UFJ Financial Group have joined a $50 million Series C round for Malaysian used car trading platform Carsome.
Tencent Literature leads round for Chinese interactive filmmaker
AltStory, a Chinese interactive movie and television content company, has raised approximately RMB100 million ($14 million) in Series A funding led by China Literature, a listed unit of Tencent Holdings.