Growth
Singapore's Vertex closes debut growth fund at $290m
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.
Mandarin reaches first close on third China-Europe fund
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.
Hosen targets $750m for fourth China fund
China-based food and agriculture specialist Hosen Capital is looking to raise $750 million for its fourth fund.
Former CIC PE head joins China Renaissance
Ou Wang, the former head of private equity for China Investment Corporation (CIC), has joined China Renaissance Holdings as a strategy consultant. He has also joined the board of Huajing Securities, the firm’s mainland China-focused investment banking...
Ascendent reaches $700m first close on third China fund
Ascendent Capital Partners has reached a first close of approximately $700 million on its third China fund, which will follow the existing strategy of building a relatively concentrated portfolio of minority and control investments.
China Renaissance collects $943m for renminbi fund
China Renaissance has closed the third renminbi-denominated fund raised under its flagship Huaxing Growth Capital arm with more than RMB6.5 billion ($943 million) in commitments.
China’s SAIC Capital closes $145m auto industry fund
SAIC Capital, an investment manager controlled by Chinese automaker SAIC Motor, has raised a RMB1 billion ($145 million) fund that will target deals throughout the automotive industry supply chain.
SoftBank expects at least $108b for second Vision Fund
SoftBank Group is set to establish its second Vision Fund focused on artificial intelligence (AI) with about $108 billion in initial commitments.
IMM reaches $1.3b first close on Fund IV, strikes two deals
Korea’s IMM Private Equity has hit the $1.3 billion mark with a first close on its fourth fund, with contributions from international LPs added to the core domestic support. The manager has already put $450 million to work across two deals.
Investcorp raises $145m for IDFC India PE fund
Investcorp has reached a final close of INR10 billion ($145 million) on the second private equity fund of IDFC Alternatives. The Bahrain-listed asset management firm acquired IDFC's PE and real estate businesses last year.
Daiwa units form $30m Myanmar growth fund
The private equity and corporate investment units of Japan’s Daiwa Securities Group have established a $30 million fund that will target growth deals in Myanmar.
Fund focus: Genesis targets China's tech inflection points
With $850 million in dry powder to deploy from its second US dollar-denominated fund, China’s Genesis Capital is targeting Series C and D rounds for start-ups on the cusp of greatness
Southeast Asia's Provident Capital seeks $250m for Fund II
Provident Capital, a Southeast Asia-focused private equity firm that is primarily active in Indonesia, is looking to raise $250 million for its second fund.
TVS reaches $160m second close on India growth fund
TVS Capital Funds, a PE firm sponsored by the TVS Group and Shriram Group, has reached a second close of INR11 billion ($160 million) on its third India growth vehicle.
LionRock teams up with Li Ning for China sports fund
LionRock Capital, an Asian PE firm that counts Italian football club Inter Milan among its previous investments, has launched a sports-focused fund with retailer Li Ning participating as an anchor LP.
Centurium closes China fund at $2b
Centurium Capital, a private equity firm established by ex-Warburg Pincus China head David Li (pictured), has closed its debut US dollar-denominated fund at just over $2 billion after about 15 months in the market.
Golden Equator to launch $200m SE Asia mezz fund
Singapore’s Golden Equator has punctuated a spate of fundraising activity with confirmation it will launch a $200 million mezzanine and private debt fund for growth-stage companies in Southeast Asia.
Genesis nets $850m for second China tech growth fund
Genesis Capital, a Chinese GP established by Richard Peng, who previously led investments for Tencent Holdings, has closed its second US dollar-denominated fund at the hard cap of $850 million.
Warburg Pincus raises $4.25b for China, Southeast Asia fund
Warburg Pincus has closed its latest China companion fund – which officially includes Southeast Asia for this vintage – at the hard cap of $4.25 billion.
Hamilton Lane targets Asia with $1.7b co-investment fund
Hamilton Lane has closed its fourth global co-investment fund at $1.7 billion, with a view to deploying 15-20% in Asia. It is the firm’s largest co-investment fund to date.
China GPs: The Centurium strategy
After more than a decade with Warburg Pincus in China, David Li struck out on his own with Centurium Capital. Applying technology to traditional business models is central to his investment thesis
China GPs join Singapore's Novena for $150m healthcare fund
China-based GPs Sinopharm Capital and Cedarlake Capital have announced a $20 million investment in Singapore-based healthcare platform Novena Global Lifecare, along with a strategic partnership for a $150 million fund that will support Southeast Asian...
CDH wealth management unit to raise emerging markets fund
CDH Investments’ wealth management platform, which sources investment opportunities for the firm’s network of high net worth clients, is raising a $200 million emerging markets fund that will primarily target India.
Asia Partners raises $70m for SE Asia growth deals - update
Asia Partners, a Singapore-based VC firm co-founded by Nick Nash, the former group president of mobile internet and gaming platform Sea, has raised more than $70 million for its debut fund, which will invest in Southeast Asian technology companies at...
