Timeline: 2019 by numbers

$560m – Lightspeed China Partners closes its latest US dollar-denominated fund at $560 million. It is the firm’s largest vehicle to date

$4.7b – US and Japan cross-border VC firm SunBridge Partners exits B2B cloud player Marketo to Adobe in a $4.7 billion deal

$867m – India’s ChrysCapital closes its eighth fund, which is oversubscribed, with $867 million in commitments

$539m – China Everbright reaches a final close of $539 million on a global cross-border fund targeting industrials

3.2x – Partners Group confirms a 3.2x return on its Japan Solar investment following an acquisition by Global Investment Partners

$1.3b – Edelweiss Alternative Asset Advisors raises $1.3 billion for its second India distress fund

$7.3b – The Shanghai government launches a $7.3 billion fund targeting local biotechnology start-ups

$600m – ClearVue Partners launches its third consumer PE fund with a target of $600 million. Fund II raised $362 million

1st – Melisa Irene becomes the first woman to reach the level of partner at Indonesia-based East Ventures 

$1b – India’s Quantum Advisors launches a $1 billion that will offer PE-style operational support in ESG

$5.5b – PE-backed home improvement player Beijing Easyhome Furnishing files to list in Shenzhen via a $5.5 billion reverse merger

$477m – The Carlyle Group launches a $477 million tender offer for Japanese beer maker Orion Breweries

2 – TPG Capital closes its seventh pan-Asia fund at $4.6 billion after two years in the market

$3.2b – Australian hospital operator Healthscope agrees to a $3.2 billion take-private offer by Brookfield Asset Management

$750m – China’s Lilly Asia Ventures closes its fifth healthcare fund at the hard cap of $750 million

$350m – CMC Capital Partners joins a group of GPs in a $350 million investment in Chinese education platform Zhangmen

$1.5b – Chinese C2C car trading player Chehaoduo raises $1.5 billion from SoftBank Vision Fund

$3b – Chinese artificial intelligence developer Horizon Robotics raises $600 million at a valuation of $3 billion

$500m – Abu Dhabi Investment Authority invests $500 million in an Indian special situations fund launched by Kotak Private Equity

$250m – India’s Invascent Capital closes its third dedicated healthcare fund at the hard cap of $250 million

$350m – Hillhouse Capital and Sequoia Capital China join a $350 million round for Hong Kong logistics start-up Lalamove

$500m – Tiger Global Management and Ant Financial lead a $500 million round for Chinese housing platform Danke Apartment

$1b – CDH Investments launches its second China growth fund with a target of $1 billion

$4.5b – Singapore-based taxi app Grab raises $1.5b billion from SoftBank Vision Fund bringing its Series H round to $4.5 billion

$1.6b – Indian logistics provider Delhivery raises a $415 million round led by SoftBank Vision Fund at a valuation of $1.6 billion

$920m – Multiples Alternate Asset Management launches its third India PE fund with a target of $920 million

$653m – The Carlyle Group takes a 9% stake in Indian insurer SBI Life for $653 million

$39.4b – Chinese fintech company Lufax hits a valuation of $39.4 billion following a PE-backed Series C round

$4.7b – Brookfield Asset Management agrees to acquire a 62% stake in Oaktree Capital in a deal worth $4.7 billion

$1.6b – SoftBank commits to a $1.6 billion investment in Chinese ride-hailing platform Didi Chuxing

$700m – Hony Capital and TPG Capital lead a $700 million round for STX Entertainment, a US media player with a strong China focus

$713m – Singapore’s GIC Private agrees to invest $713 million in Indian telecommunications provider Bharti Airtel

$1.5b – China’s NewMargin Ventures launches a $1.5 billion fund targeting the defense sector

$650m – The Longreach Group closes its third North Asia mid-market buyout fund at $650 million

$1.1b – Tata Group, GIC Private, and SSG Capital form a consortium to invest $1.1 billion in India’s GMR Airports, facilitating a number of PE equity exits

$446m – China’s Harvest Capital reaches a first close of $446 million on its latest consumer sector fund

$477m – Shiyu Capital closes its second renminbi-denominated growth-stage healthcare fund at $477 million

$6.5b – Singapore-based taxi app Grab ramps up the target capital raise for its Series H round to $6.5 billion

$570m – China’s Source Code Capital closes two funds worth  a combined $570 million

$1b – A Series C round led by IDG Capital values Singapore crypto trading platform Liquid.com at $1 billion

$2b – Indian infrastructure fund NIIF launches a $2 billion toll roads platform with Canada’s PSP Investments

$2.1b – Japan Display agrees a $2.1 billion bailout including a $714 million investment from China’s Harvest Fund Management

4.5x – General Atlantic acquires Indian pharmaceuticals player Rubicon Research, providing Everstone Group with a 4.5x return

$500m – Chinese special situations player DCL Investments launches its first US dollar fund with a target of $500 million

$2.9b – China’s Luckin Coffee files to list in the US less than a week after a PE-backed round at a valuation of $2.9 billion

$2.5b – DCP Capital, closes its debut China fund with about $2.5 billion in commitments

$1.2b – Global industrial gases business Linde confirms the sale of its Korean assets to IMM Private Equity for $1.2 billion

$850m – C-Bridge Capital closes its third healthcare fund at $850 million, after increasing the hard cap

$530m – VIG Partners reaches a first close of $530 million on its fourth Korea-focused fund

$700m – LeapFrog Investments raises $700 million for a fund targeting healthcare and financial services in Asia and Africa

29% – Chinese e-commerce platform Yunji sees its share climb 29% following a $121 million PE-backed IPO in the US

$750m – Artificial intelligence developer Megvii Technology raises a $750 million round led by Bank of China Group Investment

$600m – Germany’s Allianz commits $600 million to China and Japan funds managed by private equity-owned logistics player GLP

$8.5b – TA Associates reaches a first and final close on its latest fund at the hard cap of $8.5 billion.

$573m – Singapore’s GIC Private partners India’s Tata Group to invest $573 million in hospitality businesses

$600m – Azalea Asset Management opens up private equity to Singapore retail investors through the sale of $600 million in bonds backed by LP interests in funds

$1.8b – ESR, a logistics and fund management platform seeded by Warburg Pincus, closes a Japan fund at $1.8 billion

$1.3b – Australian resources-focused GP EMR Capital launches its third fund with a target of $1.3 billion

$723m – Yangtze River Industry Fund and China Information Group jointly launch a $723 million 5G fund

$8.7b – China Reform Holdings backs an $8.7 billion government guidance fund focused on state-owned enterprise restructuring

$1.2b – MBK Partners agrees to assume majority control of Korean credit card business Lotte in a $1.2 billion deal

$4.2b – Warburg Pincus closes a China companion fund at $4.2 billion after adding Southeast Asia to the mandate

$17.5b – Advent International closes a global fund at the hard cap of $17.5 billion in six months

$362m – China’s Sinovation Ventures raises $362 million for a big data and artificial intelligence fund

$1.4b – Pacific Equity Partners reaches a first close of $1.4 billion on its sixth Australasia buyout fund

$2.6b – EQT abandons a $2.3 billion bid for Australian telecom giant Vocus Group two weeks after the initial offer

$1b – PE-backed Hansoh Pharmaceutical Group raises $1 billion through a Hong Kong IPO

$400b – Australia’s NAB Ventures agrees to exit Canada’s Wave Financial to H&R Block in a $400 million deal

$880m – HSBC launches a $880 million fund to provide debt financing to Chinese tech start-ups

175% – KKR sellsl Korean industrials player KCF Technologies to SK Group for $1 billion, generating a multiple of 6.5x and an IRR of 175%

$1.3b – US and China-focused healthcare investor Vivo Capital raises $1.3 billion for its ninth PE fund

3.5x – VIG agrees a full exit from Korean camera lens maker Samyang Optics, realizing a 3.5x gross return

$4.2b – Cathay Innovation reaches a first close of $358 million on its second global fund

$1.7b – Hamilton Lane closes its fourth global co-investment fund at $1.7 billion with a view to investing 15-20% in Asia

$550m – IFC anchors the first tranche of a $550 million investment in India’s L&T Finance Holdings

$788m – The Japan Bank for International Cooperation joins Russian Direct Investment Fund in a $788 million industrial deal

$850m – China’s Genesis Capital closes its second US dollar fund at the hard cap of $850 million

18 – KKR agrees to sell Kokusai Electric for $2.2 billion in cash 18 months after carving it out from Hitachi

$1b – China’s Miaoshou Doctor hits a post-money valuation of $1 billion following a PE-backed Series C round

$10b – Indonesian ride-hailing app Go-Jek targets a $10 billion valuation as global strategics join a $2 billion Series F round

$449m – EQT Partners submits a take-private offer that values Singapore-listed Health Management international at $449 million

$775m – Chinese media start-up Douyu International raises $775 million in a US IPO

$600m – Toyota agrees to invest $600 million in Chinese ride-hailing player Didi Chuxing

15 – China’s Centurium Capital closes its debut US dollar PE fund at $2 billion after 15 months in the market

$1.3b – Korea’s IMM Private Equity achieves a first close of $1.3 billion on its fourth fund

$3.7b – Brookfield Asset Management leads a consortium that agrees to pay $3.7 billion for Indian telecom player Reliance Industries

$700m – Ascendent Capital Partners reaches a first close of about $700 million on its third China fund. The full target is $800 million

$943m – China Renaissance closes a renminbi-denominated fund at $943 million

$1.3b – TPG Capital and Fosun Pharma agree to exit China’s United Family Healthcare in a $1.3 billion deal

$718m – China’s Joy Capital raises $718 million across two US dollar funds

$471m – Integral Corporation agrees a $471 million vending machines carve-out from Japan’s Sanden Holdings

$2.8b – CITIC Capital closes its fourth China buyout fund at the hard cap of $2.8 billion

$621m – Singapore’s GIC Private agrees to invest up to $621 million in a portfolio of nine Indian toll road assets

$2b – AustralianSuper and Ontario Teachers’ Pension Plan agree to invest $1 billion each Indian infrastructure fund NIIF

$2.2b – KKR agrees to buy a portfolio of assets including Australian biscuit brand Arnott’s for $2.2 billion

$434m – Chinese question-and-answer platform Zhihu raises a $434 million Series F round

$1b – India’s Kotak Mahindra Group closes a special situations fund at $1 billion

$530m – CHJ Automotive, a VC-backed electric car maker in China, raises a $530 million Series C round

$500m –Singapore taxi app Grab commits $500 million to the development of Vietnam’s tech ecosystem

3.2x – VIG agrees to sell Korean car park business HiParking in a deal expected to generate a 3.2x return

$532m – PAG agrees to pay $532 million for a 58% stake in a biotech unit of China’s Zhejiang Hisun Pharmaceutical

$425m – Xiang He Capital hits the hard cap of $425 million on its second China fund

$750m – China’s Hosen Capital launches its fourth food and agriculture fund with a target of $750 million

$440m – Sky9 Capital raises $440 million across two funds targeting venture and growth strategies in China

$700m – China’s NetEase Cloud Music raises $700 million from Alibaba Group and Yunfeng Capital

$4.6b – Centurium Capital, CITIC Capital, and Hillhouse Capital agree a $4.6 billion take-private of China Biologic  

$480m – Affinity Equity Partners more than doubles its money on Virgin Australia’s frequent flyer business in a $480 million exit

$300m – Boyu Capital leads a $300 million Series A round for Cjia.com, a Chinese apartment rentals brand

$305m – Singapore’s Vertex Ventures closes its fourth Southeast Asia and India fund at $305 million

$500m – A consortium led by Singapore’s GIC Private agrees to invest $500 million in Vietnam retailer VCM Services

$100b – Google, Temasek Holdings, and Bain & Company estimate Southeast Asia’s interest economy is worth $100 billion

$585m – Citi Ventures and Tencent Holdings lead a $585 million Series D round for Indian B2B marketplace Udaan

2.7x – Lakeshore Capital exits Thai steakhouse chain Santa Fe to Singha Corporation for $50 million, generating a 2.7x return

$3.2b – Korea’s Hahn & Company closes its third buyout fund with $3.2 billion in commitments

$680m – A KKR-led consortium agrees to invest $680 million in the Philippines’ Metro Pacific Hospital Holdings

$1b – LGT Capital Partners closes its fourth Asia fund-of-funds at $1 billion

$700m – Indian hotel platform Oyo raises $700 million as part of a Series F round targeting $1.5 billion

8 – Eight Chinese artificial intelligence start-ups, including PE-backed SenseTime and Megvii Technology, are blacklisted by US regulators

$3.2b – Australian graphic design start-up Canva raises a $85 million VC round at a $3.2 billion valuation

$12.1b – Permira closes its seventh global buyout fund at the hard cap of $12.1 billion

$690m – Advantage Partners launches its sixth Japan middle market buyout fund with a target of $690 million

$352m – Ince Capital Partners closes its debut fund at the hard cap of $352 million

$1.6b – ESR, a logistics and fund management platform seeded by Warburg Pincus, raises $1.6 billion in a Hong Kong IPO

$463m – Aspirant Group, closes its third Japan buyout fund at the hard cap of $463 million

$3.4b – Primavera Capital Group closes its third China fund at $3.4 billion

$1b – China International Capital Corporation and global pharmaceuticals giant AstraZeneca target $1 billion for a China healthcare fund

$365m – China’s Eastern Bell Capital closes its first US dollar VC fund at $365 million

$500m – Investcorp, China Resources, and Fund Investments raise $500 million for an Asia food fund

$2b – Norwest Venture Partners closes a global VC fund at $2 billion with a strong focus on India

$12.5b – KKR launches its fourth Asia fund with a target of $12.5 billion

$1b – NewQuest Capital Partners closes its fourth Asia secondaries fund at a revised hard cap of $1 billion

26% – Share of PE-backed travel start-up Tongcheng-Elong gain 26% following a $207 million Hong Kong IPO

$400m – Chinese electric car maker Xpeng Motors raises $400 million in Series C funding

$526m – Unison Capital agrees to buy Japan’s Kyowa Pharmaceutical Industry for $526 million

$6.5b – MBK Partners sets a hard cap of $6.5 billion for its fifth pan-Asian PE fund

$7b – China Reform Holdings, a state-owned fund manager, launches a $7 billion fund targeting the security industry

$1b – Baring Private Equity Asia agrees to buy Asia-focused medical supplier Lumenis at a valuation of $1 billion

$557m – FountainVest Partners and Primavera Capital pay $557 million for a 25% stake in Chinese pharmacy chain Laobaixing

$443m – Japan’s J-Star closes its fourth middle market fund at $433 million

$1b – Indian financial technology player Paytm raises a $1 billion Series G round led by T Rowe Price

$21b – China rallies state enterprises and local governments to invest $21 billion in a manufacturing fund

$2b – AIIB and Clifford Capital launch a $2 billion infrastructure debt platform

$550m – Accel Partners closes its fifth India VC fund with $550 million in commitments

$3.7b – Chinese data center player Tenglong Group raises a $3.7 billion round featuring Morgan Stanley Private Equity Asia

$2.1b – GLP, a PE-owned logistics player, establishes a China logistics fund with a corpus of $2.1 billion

$465m – China’s Loyal Valley Capital closes its second US dollar fund at $465 million

6 – China’s Centurium Capital launches its second US dollar fund targeting $2.5 billion six months after closing its debut

$563m – Apis Partners closes its second emerging markets financial services and technology fund at $563 million

$26t – Singapore’s Circulate Capital raises $106 million for a fund targeting a $26 trillion investment gap in Asian ocean waste management

$1.7b – US logistics investor Prologis sets up a $1.7 billion China fund

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• Topics
• Fundraising
• Expansion
• Buyouts
• IPO
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• Buyout
• Venture
• Asia