KKR has closed its fourth pan-Asian fund at $15 billion – the largest US dollar-denominated private equity vehicle ever raised for the region and the largest raised by KKR globally by number of LPs.
Commitments were received from 290 investors, including 80 that had not previously participated in any of the firm’s Asian PE funds. The vehicle launched in November 2019, so much of the fundraising...
Fiture, a Chinese developer of artificial intelligence-enabled home fitness devices, has raised $300 million in Series B funding led by All-Stars Investment, Legend Capital, DST Global, and Coatue Management.
Arrail Group, one of China’s largest dental services providers, has raised close to $200 million in Series E funding led by Temasek Holdings.
TuSimple, a China and US-based developer of autonomous driving technology for trucks, traded flat on debut following a $1.35 billion IPO at a market capitalization of $8.5 billion.
Alpha JWC Ventures is targeting $250 million for its third Indonesia-focused venture capital fund, with the International Finance Corporation (IFC) proposing a commitment of up to $20 million.