Portfolio Advisors raises $1bn for global fund-of-funds
Portfolio Advisors has closed its latest global multi-strategy fund-of-funds – which allows LPs to customise allocations across several key areas – with commitments of just over USD 1bn.
Portfolio Advisors Private Equity Fund XI was oversubscribed, having launched with a target of USD 750m, according to a statement. Fund X closed in late 2020 on USD 812m. The LP bases for both vehicles...
Japan's Heartseed raises $14m Series D
Heartseed, a Tokyo-based biotech start-up specializing in treatments that use cardiac muscle cells to initiate the remuscularization of patients who have suffered heart failure, has raised JPY 2bn (USD 14.3m) in Series D funding.
Shenzhen Capital backs Chinese titanium metal producer
Shenzhen Capital Group has participated in a CNY 2.27bn (USD 321m) funding round for Yunnan National Titanium Metal, a subsidiary of Shenzhen-listed chemicals producer LB Group.
Indonesia e-commerce player Evermos gets $39m Series C
The International Finance Corporation (IFC) has led a USD 39m Series C round for Evermos, an Indonesian social commerce platform that positions itself as an impact play.
Singapore's Qualgro seeks $150m for Fund III
Qualgro Partners, a Singapore-headquartered venture capital firm, is looking to raise USD 150m for its third fund.