Indian micro VC investor Artha Venture Fund (AVF) has raised INR2.2 billion ($30 million) for its debut vehicle, beating a target of INR2 billion.
There are about 50 LPs in the fund, most of which are domestic family offices and listed companies. High net worth individuals, Small Industries Development Bank of India, and Singularity Holdings also...
China has imposed severe restrictions on private tutoring that appear to undermine the commercial viability of companies in the space, potentially making private equity investment unviable.
Best & Less Group (BLG), an Australian baby, kids and womenswear retailer, has raised A$60 million ($44 million) through a domestic IPO, facilitating a partial exit for majority owner Allegro Funds Group.
TransThera, a China-based drug developer, has raised $100 million in Series D funding led by CPE and China Structural Reform Fund.
B Capital Group has hired Sheila Patel, formerly the Singapore-based chairman of Goldman Sachs Asset Management, as a vice president amid a concerted Asian expansion drive.