IFM Investors has acquired a controlling interest in Render Networks, an Australia-founded and now US-headquartered software-as-a-service (SaaS) provider specialising in construction management.
IFM has committed equity of approximately AUD 40m (USD 27.5m) from its growth capital fund. Render’s founders and management retained minority stakes. The fund achieved a second close of AUD 380m at...
Beijing-based autonomous driving solutions provider PhiGent Robotics has raised a USD30m Series A round led by Ince Capital. Previous investors such as Atypical Ventures, 5Y Capital, and GSR Ventures re-upped.
China-based BlueRun Ventures has closed its third US dollar-denominated China fund and third renminbi vehicle with aggregate commitments of CNY 5.5bn (USD 819m).
Temasek Holdings-owned Azalea Investment Management is further expanding retail exposure to private equity through its latest issue of bonds – worth USD 754m in total – backed by LP interests in funds.
Hong Kong’s Betatron Venture Group has reached a first close of USD 15m on its latest fund, which will make early-stage investments across South and Southeast Asia. The target is USD 50m.