NSSF reaches out to private equity firms
The National Council for Social Security Fund (NSSF), China’s state pension fund and best-known LP, is reaching out to private equity firms as it seeks to ramp up investments. It recently signed an agreement with one PE firm, is conducting due diligence on two more and is in preliminary discussions with yet another two.
Wang Zhongmin, vice chairman of the NSSF, said these agreements were part of a wider strategy that will see the fund inject RMB17 billion ($2.63 billion) into around 100 firms - presumably a combination...
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.