Manulife Investment Management is easing into its first Asian private markets drive with a focus on optionality. Private credit, infrastructure, and real estate are early areas of interest
ESR, an Asia Pacific-focused logistics real estate platform, has formed a joint venture with Singapore’s GIC Private with a view to investing $500 million in high-quality facilities in China.
Ucommune, China’s largest co-working space player which is considered the local equivalent to troubled US operator WeWork, has filed for a US IPO.
Lori Systems, one of Africa’s largest logistics coordination platforms, has raised almost $30 million in a Series A round led by Hillhouse Capital and Crystal Stream Capital.
Fangdd Network, a Chinese online real estate marketplace backed by the likes of FountainVest Partners and CDH Investments, has filed to list in the US.
Macquarie Infrastructure and Real Assets (MIRA) has acquired a 49% stake in Australia’s largest cotton farm, Cubbie Station, primarily from Chinese fabrics maker Shandong Ruyi.
ASEAN Industrial Growth Fund (AIGF), a vehicle jointly managed by Malaysia’s CIMB Group and Japan’s Mitsubishi Corporation, has made an investment of undisclosed size in Philippines co-working space provider KMC.
Mofang raises $150 million to bring consistency to China’s fragmented rental housing market. Leveraging big data and targeting millennials are key strategies
Navis Capital Partners and The Blackstone Group will exit National Lifestyle Villages (NLV), an Australian developer and operator of mobile home parks, to Serenitas, a joint venture between Singapore’s GIC Private and local GP Tasman Capital Partners.
US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
Warburg Pincus has led a RMB1.5 billion ($227 million) round of funding for Sunsea Parking Industry Group, a Chinese car park management company. Furniture retailer Red Star Macalline - a Warburg Pincus portfolio company - also participated.
UrWork, a Chinese co-working space operator with a number of private equity backers, has received a $29.4 million investment from domestic conglomerate Beijing Love & Health Group.
China Everbright, IDG Capital and CITIC Private Equity have participated in a RMB500 million ($73.5 million) Series A round of funding for Terminus Technologies, which claims to be China’s largest city-level mobile internet platform.
Anxin Apartment, a China-based serviced apartment operator, has raised RMB300 million ($43 million) in a Series B round spread across two tranches.
China VC-backed UrWork, a co-working space provider for start-ups, has raised a RMB400 million ($58 million) Series B round of funding at a post-money valuation of about $1 billion.
KKR has partnered with Chinese property developer Sino-Ocean Group Holding to invest HK$1.5 billion ($190 million) in retail outlet developer and operator Beijing Capital Juda.
Warburg Pincus has teamed up with Vietnam-based GP VinaCapital and Don Lam, the firm’s founder, to create a hotel investment platform intended to tap into rising inbound tourism in Southeast Asia, particularly from China.
VC-backed UrWork, a co-working space provider for Chinese start-ups, has completed a pre-Series B round worth RMB300 million ($46 million) from Chinese commercial property developers Yintai Land and Zhongrong International Trust.
D&J Industrial Property, a Chinese business park developer co-founded and majority-owned by Warburg Pincus, has agreed to acquire a 40% stake in real estate investment firm KaiLong Group for an undisclosed sum.
A consortium led by China’s Anbang Insurance Group that was vying to take over Starwood Hotels & Resorts Worldwide has withdrawn its $14 billion bid for the company.
A consortium led by China’s Anbang Insurance Group has raised its all-cash offer for Starwood Hotels & Resorts Worldwide to about $14 billion, or $82.75 per share.
Primavera Capital and J.C. Flowers & Co. have been confirmed as co-investors in a $13.1 billion all-cash offer for Starwood Hotels & Resorts Worldwide submitted by China-based Anbang Insurance Group.
The private equity arm of India's Essel Finance has invested INR400 million ($6 million) across two housing projects by Mumbai-based developer Rashmi Housing, and will invest another INR350 million in a third project.