Credence Partners, a growth-stage private equity firm in Singapore, has achieved a $50 million first close for a venture capital fund that will invest in Southeast Asia. The full target is $100 million.
The firm was founded in 2006 by Boon Hwee Koh, founder of Omnivore Industries, a contract manufacturer of electronic goods. It has previously raised two private equity funds, including a S$100 million...
The Carlyle Group achieved an 8x return through a partial exit via SBI Cards’ IPO. The private equity firm still holds a 16% stake and is a resolute believer in the growth potential of India’s credit card market
India's private debt markets lack coordination and standardization. Vivriti Capital hopes to fix this by bringing issuance online. LGT Lightstone Aspada has provided $50 million in support of this effort
MiningLamp Technology, a Chinese big data company, has raised $300 million Series E led by Temasek Holdings and Tencent Holdings. Kuaishou, a local short-video sharing platform backed by Tencent, also took part in the round.
AISing, a Japan-based developer of edge artificial intelligence (AI) technology used in industrial robots and self-driving cars, has raised JPY700 million ($6.5 million) in Series B funding.