Hong Kong billionaire Li Ka-Shing’s Horizons Ventures, which is known for investments in Facebook and Spotify, has led a $3.5 million funding round in Everything.me, a mobile search provider.
The company has now raised a total of $12.5 million from VC investors, having been supported in previous rounds by Draper Fisher Jurvetson, BRM Group and DFJTFV. Everything.me, which originally launched...
California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, plans to deploy up to $13 billion a year in direct private equity deals through two newly formed funds.
Japan Post Bank plans to increase the size of its alternatives portfolio more than fivefold in the next three years to JPY8.5 trillion ($76.5 billion). More than JPY2 trillion of this will be allocated to private equity.
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton Asia will invest INR1.7 billion ($25 million) in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF).