Intermediate Capital Group (ICG) has closed its fourth Asia Pacific fund with USD 1.1bn in commitments, with nearly one-third of the corpus already deployed across four deals.
The vehicle, which had a target of USD 1bn, represents a significant step up in size from the previous vintage. Fund III closed on EUR 650m (USD 752m) in 2016. The firm raised USD 300m and USD 562m, respectively,...
Abu Dhabi Investment Authority (ADIA) has agreed to invest INR 6.6bn (USD 83.5m) in India’s Aditya Birla Health Insurance (ADBHI) for a 10% stake.
Bain Capital has won board approval from Net Marketing, a Tokyo-listed online advertising and media management business, for a take-private that values the company at approximately JPY 13.6bn (USD 102m).
Insilico Medicine, a China-based artificial intelligence-driven drug discovery company, has closed the second tranche of its Series D round on USD 35m, with Prosperity7 Ventures taking the lead.
Singapore’s Merkle Science, a predictive crypto analytics platform, has raised USD 24m in Series A funding led by K3 Ventures, Darrow Holdings, and Beco Capital.