China’s Loyal Valley Capital has closed its second US dollar-denominated fund at $465 million. The target was $400 million with a hard cap of $440 million.
Loyal Valley contributed $25 million. The GP closed its first US dollar-denominated fund at $390 million last year following a renminbi-to-US dollar restructuring backed by NewQuest Capital Partners. Its...
Ucommune, China’s largest co-working space player which is considered the local equivalent to troubled US operator WeWork, has filed for a US IPO.
Chinese drone manufacturer EHang traded flat on its NASDAQ debut following a $40 million IPO that priced at the bottom end of the indicative range.
Tiger Global Management has led a $26 million Series B round for Indian B2B financing platform provider KredX.
New Zealand’s Impact Enterprise Fund (IEF) has confirmed an investment in local sustainable packaging supplier Grounded.