CDB to launch overseas operation, partner with KKR, TPG
China Development Bank (CDB) will reportedly launch an overseas investment operation in Hong Kong and sign strategic partnerships with several global private equity players, including TPG, KKR and Permira.
CDB is a policy lender with ambitions to become a fully fledged commercial bank. It set up China Development Bank Capital in 2009 and the Hong Kong operation is due to start business on December 6, Reuters...
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.