Japanese mid-market buyout firm Tokio Marine Capital is spinning out from its corporate parent to form an independent investment manager known as T Capital Partners.
Vertex Ventures, a VC arm of Singapore’s Temasek Holdings, has closed its fourth Southeast Asia and India fund at $305 million, beating an initial target of $230 million.
Lightbox Ventures has raised $209.3 million for its third India-focused fund, exceeding an initial taregt of $200 million.
Hiro Hirano and Ashish Shastry, who lead KKR’s operations in Japan and Southeast Asia, respectively, have been appointed co-heads of private equity across the region.
Vertex China, a venture capital firm affiliated to Temasek Holdings-owned Vertex Holdings, has closed its fourth fund on target at $275 million.
Keen to reduce investment costs, California State Teachers’ Retirement System is changing the way it works with managers. Co-investment, joint ventures and stakes in GPs are priorities for private markets
Texas County & District Retirement System (TCDRS) has committed up to $100 million to Baring Private Equity Asia’s seventh pan-regional fund.
Vertex Venture Holdings, the VC arm of Singapore’s Temasek Holdings, has reached a final close on its first growth-stage fund with $290 million in commitments. The initial target was $250 million.
WHub, a Hong Kong-based start-up services provider and accelerator, has launched the territory’s first licensed equity crowdfunding platform for technology entrepreneurs.
Sky9 Capital, a VC firm established by former Lightspeed China executive Ron Cao, has closed its second venture fund at $321 million and also raised $119 million for a growth vehicle.
Singapore’s Temasek Holdings has launched a $50 million fund focused on early-stage logistics technology start-ups alongside Switzerland supply chain industry giant Kuehne + Nagel.
China-Europe cross-border private equity firm Mandarin Capital Partners has reached a first close of EUR148 million ($163 million) on its third fund. The overall target is EUR250 million.
Quan Capital, a healthcare-focused venture capital firm established by the founder of US-listed Chinese drug developer Zai Lab, has closed its second fund with $275 million in commitments.
Chinese early-stage investor Chuxin Capital has completed a $50 million first close on its debut US dollar-denominated fund.
Baidu spin-out Xiang He Capital draws on networks and experience from the corporate sphere to differentiate itself in China’s VC market. It has $425 million in dry powder to put this proposition to the test
China-based food and agriculture specialist Hosen Capital is looking to raise $750 million for its fourth fund.
Indian venture capital firm Lok Capital is targeting $150 million for its fourth fund, which will invest in growth-stage companies with a potential for positive social impact.
Bain Capital is setting up a team to invest in credit and special situations opportunities in India, and has hired a former executive at Aion Capital to serve as its head.
LGT Group has acquired a majority stake in Indian impact investor Aspada from an investment arm of Open Society Foundations, a George Soros-founded charitable institute.
DSG Consumer Partners has reached a final close of $65 million on its third fund focused on early-stage consumer opportunities in India and Southeast Asia, beating its hard cap of $60 million.
Chaebol carve-outs have historically been elusive for global firms operating in Korea. A growing appreciation of their value-add capabilities could be the catalyst needed to direct more deals their way
The nomination deadline for the 2019 AVCJ Private Equity & Venture Capital Awards has been extended to September 26. There will be no further extensions.
J.P. Gan (pictured), who spent 12 years with Qiming Venture Partners before striking out on his own earlier this year, has reached a first close of $163 million on his debut China fund.
CITIC Capital has scaled up for its latest China fund, raising 75% more capital than in the previous vintage. The buyout-focused GP expects tighter liquidity to drive more corporate carve-outs