Lefei Liu has resigned as chairman of CITIC Private Equity, although he will remain as CEO of the company, a person familiar with the development told AVCJ. The change is expected to have minimal impact on the day-to-day operations of the PE firm.
Liu was instrumental in the creation of CITIC PE in 2008, also serving as a director of parent company CITIC Securities. Dongming Wang, chairman of CITIC Security, will now assume the same role at the...
Novo Tellus Capital Partners, an investor in industrial technology assets across the Indo-Pacific region, has reached a first close of approximately USD 375m on its third fund – matching the overall target for the vehicle.
Matrix Partners China and HongShan (formerly Sequioa Capital China) have joined a USD 16m pre-Series B round for Qihan Biotech, a genome editing player active in human and agricultural therapies.
Trifecta Capital has closed its third India venture debt fund with about INR 17.8bn (USD 214) in commitments. The initial target was INR 10bn with a greenshoe option of INR 5bn.
Asia-focused industrial technology investor ShawKwei & Partners has announced its third investment in a US-based company in three weeks, with a USD 34.3m commitment to battery manufacturer Group14 Technologies.