MBK Partners has picked up commitments from New York State Common Retirement Fund (NYSCRF), New York State Teachers’ Retirement System (NYSTRS), and Los Angeles County Employees Retirement Association (LACERA) for its fifth North Asia fund.
NYSCRF will invest $65 million in MBK Partners Fund V through a separately managed account with Asia Alternatives. It put $50 million into the GP’s previous fund through the same channel. NYSCRF also...
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.