MBK Partners is looking to become the sixth pan-Asian private equity manager to cross the $6 billion threshold, having set the hard cap for its fifth fund at $6.5 billion.
The other five are Hillhouse Capital, KKR, The Carlyle Group, Affinity Equity Partners, and PAG Asia Capital. Baring Private Equity Asia could well join them, having set the hard cap for its seventh vehicle...
New Horizon Health, a China-based manufacturer of cancer testing kits for use at home, has raised $30 million in a Series E round of funding led by Rock Springs Capital.
Shanghai-based Yingke Private Equity has closed its latest renminbi-denominated fund with commitments of RMB2 billion ($286 million), primarily from insurers and other financial institutions.
Google will launch a INR750 billion ($10 billion) fund to make equity, operational, infrastructure and ecosystem investments that seek to increase the pace of digitization in India.
Asia private equity fundraising rebounded from a seven-year low in the first quarter of the year to reach $24 billion for April through June, but commitments were concentrated on a handful of managers.