Auckland-based private equity firm Pioneer Capital has received a cornerstone commitment of NZ$100 million ($72 million) for its fourth fund from New Zealand Superannuation Fund (NZ Super).
The overall target is NZ$260 million. Pioneer raised the same amount for its third fund in 2017, with NZ Super contributing NZ$120 million. The sovereign fund invested NZ$40 million in Fund II, which closed...
StoneWise, a Chinese biotech start-up that uses artificial intelligence (AI) technology to develop new drugs, has raised $100 million in Series B funding across two tranches.
The imminent US listing of a Middle East and North Africa (MENA) media app via a special purpose acquisition company (SPAC) is helping legitimize the region for Asian private equity.
Justin Ryan, a managing partner at Quadrant Private Equity and latterly head of the Australian firm’s growth strategy, is stepping back from day-to-day investment activity.
KKR has contributed JPY4 billion ($37 million) to a JPY6.6 billion funding round for Netstars, a Japanese QR code payment gateway operator. SIG and Lun Partners, a Hong Kong-based global financial technology investor, also took part.