Growing fund sizes in certain Asian markets are redefining what constitutes a middle-market GP. Are these managers evolving alongside the opportunity set or careering dangerously outside of their sweet spot?
They call it the “Hillhouse effect.” Last year, Hillhouse Capital raised $10.6 billion for a fund that is generally seen as a broad China play – it will back domestic companies with growth potential...
Abu Dhabi sovereign wealth fund Mubadala has agreed to invest INR90.9 billion ($1.2 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries.
Bessemer Venture Partners has led an INR1.5 billion ($20 million) Series B round for teleconsultation health platform DocsApp.
Everest Medicines, a China-based biopharmaceutical company, has raised $310 million in Series C funding across two tranches.
Bespin Global, a Seoul and Beijing-based cloud management services provider, has raised RMB530 million ($74.6 million) in a Series C round from SK Telecom and existing investor DY Holdings.