Ant Capital, CCBI support COFCO's $1 billion agri fund plan
China's largest grains and oilseed importer and exporter, China National Cereals, Oils and Foodstuffs Corporation (COFCO) Ltd. plans to form an agriculture-focused private equity fund, with target size of $1 billion, in partnership with CCB International Holdings - wholly owned by China Construction Bank - Ant Capital Partners, a leading Japanese private equity firm, and Louis Dreyfus Commodities, a global player in agricultural products processing and commodities merchandising.
COFCO will hold a controlling stake of 50% in the new fund, which could be the largest vehicle in the agricultural sector if it meets its target, while the other 50% stakeholding will be equally distributed...
More on Fundraising
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.