Growth
Navegar seeks $150m for second Philippines PE fund
Philippines private equity firm Navegar has launched its second growth fund focused exclusively on its home market with a target of $150 million.
Australia's Quadrant plans $215m growth fund
Quadrant Private Equity is planning to raise a A$300 million ($215 million) fund focused on growth equity investments in small and medium-sized enterprises in Australia.
Shenzhen Capital, SOSV to launch angel, growth funds
Shenzhen Capital Group and SOSV Investments have agreed to establish a China-focused angel investment fund as well as a growth stage vehicle targeting European companies.
Lilly Asia Ventures closes Fund V at $750m hard cap
Lilly Asia Ventures (LAV) has closed its fifth healthcare fund – which operates globally but primarily backs companies with a China angle – at the hard cap of $750 million. It represents a meaningful step up in size from the $450 million raised for...
Fund focus: Emphasizing the partnership approach
Having raised $250 million for its third India healthcare fund, Invascent Capital plans to take advantage of a greater willingness among entrepreneurs to work with financial investors
Deal focus: Investcorp takes the plunge into India
With the acquisition of IDFC Alternatives' private equity and real estate businesses, Investcorp secured a ready-made India investment platform
Ascendent sets $800m target for third China fund
Ascendent Capital Partners is seeking $800 million for its third China mid-market fund. The GP closed its previous vehicle at $600 million in 2015.
Invascent closes India healthcare fund at $250m hard cap - update
Invascent Capital, an Indian healthcare-focused GP, has closed its third vehicle at the hard cap of $250 million.
Investcorp acquires PE business of India's IDFC
Bahrain-listed asset management firm Investcorp has made its first direct investment in India, acquiring the private equity and real estate investment businesses of IDFC Alternatives, the alternative asset investment arm of IDFC Group.
ClearVue targets $600m for third China consumer fund
China consumer-focused private equity firm ClearVue Partners is seeking to raise $600 million for its third fund. It comes nearly two years after the GP closed Fund II at $362 million.
India's Quantum launches $1b ESG fund
Indian asset management and equity research firm Quantum Advisors has launched a $1 billion investment fund that will take a PE-style approach to driving environmental, social, and governance (ESG) improvements in listed companies.
Redpoint China raises $400m across two new funds
Redpoint China Ventures has closed a $300 million fund focusing on early-stage investments and a $100 million opportunity fund looking to invest in growth-stage companies.
Ascent Capital launches Myanmar PE fund
Ascent Capital, a Singapore-based private equity firm set up last year with a focus on Myanmar, has formally launched its debut fund with about $50 million in confirmed commitments.
Fund focus: Sizing up selectively
ChrysCapital Partners has increased its fund size and its commitment to operations in response to a maturation of the Indian market characterized by bigger deals and more opportunities to drive change
Fund focus: From Standard Chartered to Affirma
Standard Chartered's private equity team - now known as Affirma Capital - has finally secured its independence through a spin-out backed Intermediate Capital Group
ChrysCapital raises $867m for eighth India fund
Indian private equity firm ChrysCapital has closed its eighth fund at $867 million. The vehicle was oversubscribed and the fundraising process took four months.
China Everbright closes global fund at $539m
China Everbright has reached a final close of $539 million on its cross-border investment fund, with the commitments coming from corporate investors, family offices, and fund-of-funds.
Malaysia's Ekuinas launches fourth fund at $242m
Malaysian government-backed private equity firm Ekuinas has set up its fourth fund with MYR1 billion ($242 million) and an option to increase the corpus to MYR1.5 billion.
FountainVest closes debut renminbi fund at $246.5m
FountainVest Partners, which has raised three US dollar-denominated China-focused funds, has closed its first renminbi vehicle at RMB1.7 billion ($246.5 million).
ADB backs Creador’s Southeast Asia fund
Creador has raised $50 million for its fourth Southeast Asia and India-focused private equity fund from the Asian Development Bank (ADB).
Everstone, GLP to invest $500m in India logistics
Everstone Group has established a partnership with Singapore-based warehouse operator GLP to invest $500 million in India’s logistics ecosystem.
CDC backs Asia PE, VC funds
UK-based development finance institution (DFI) CDC Group has made commitments to several private equity and venture capital funds based in Asia as part of its global investment strategy.
Centurium leads $100m round for China education platform
Zhangtong Jiayuan, a China-based online education platform, has raised $100 million in Series D round led by Centurium Capital, a private equity firm established by ex-Warburg Pincus China head David Li.
Hillhouse, VMG target consumer brands
Hillhouse Capital and VMG Partners, a US-based PE firm focused on the consumer sector, have formed a strategic partnership to invest up to $100 million in innovative consumer brands worldwide.