The Australian government has accumulated $365 million for a fund that will support small businesses. Private equity investors are unsure why it’s necessary and how it will be managed
Korean venture capital investor Company K Partners has raised KRW122 billion ($153 million) for its latest fund, which has a hard cap of KRW150 billion.
CMC Capital Partners, a Chinese private equity firm set up by Ruigang Li (pictured), formerly president of Shanghai Media Group (SMG), has closed its third US dollar-denominated fund with more than $950 million in commitments.
The Tata Opportunities Fund (TOF) team is poised to spin-out after Tata Capital – a wholly-owned unit of India’s Tata Group – decided it did not want to continue sponsoring the franchise for a second fund.
Chinese healthcare-focused GP HighLight Capital has reached the first close of $300 million on its third US dollar-denominated fund, but further progress is likely to be delayed by the coronavirus outbreak.
KKR has closed its debut global impact investment fund with $1.3 billion in commitments. It will back companies that provide commercial solutions to environmental or social challenges, based on criteria set out in the UN sustainable development goals...
Caldera Pacific, a consumer-focused Southeast Asian private equity firm, has secured $250 million in commitments for its debut fund, with France-based investor Argenthal coming in as an anchor LP.
ChrysCapital Partners completed a quickfire fundraise with the support of a handful of big-ticket LPs. The India-focused firm is now eyeing up bigger-ticket deals
Northstar Group, a Southeast Asia-focused private equity firm that counts Indonesia as its core market, is looking to raise $800 million for its fifth fund, according to sources familiar with the situation.
Ascendent Capital Partners has closed its third China fund with more than $1 billion in commitments, having increased the hard cap.
Chinese smart sensor maker Hesai Technology has raised a $173 million Series C round led by Germany’s Bosch Group and existing investor Lightspeed China Partners.
Shanghai Kechow Pharma, a Chinese small molecule targeted drug developer, has raised a $45 million Series C round led by Decheng Capital.
Baibu, a Chinese B2B trading and services platform for the textiles and fabrics industry, has raised a $300 million Series D round led by DST Global.
Chinese commercial space launch service provider LandSpace has raised a RMB500 million ($71 million) Series C led by the VC arm of Hong Kong-listed property developer Country Garden.
Apis Partners has closed its second emerging markets-focused financial services and technology fund at the revised hard cap of $563 million. The initial target was $400 million.
GLP, a private equity-owned warehouse operator based in Singapore, has set up a China logistics fund at RMB15 billion ($2.1 billion).
IFC has proposed to invest up to $30 million in the latest fund from Vietnam-based private equity firm Mekong Capital.
The Australian government has launched a A$540 million ($365 million) growth fund to support small and medium-sized enterprises (SMEs), with commitments coming from the country's largest banks.
Newlinks Group, operator of the Chezhubang platform that helps drivers in China locate the best value gas stations, has raised a $110 million Series C round led by Joy Capital.
Medbanks, a Chinese oncology database platform, has raised around RMB1 billion ($140 million) in an extended Series D funding round led by Tencent Holdings and Wu Capital.
Primavera Capital Group has closed its third China fund at $3.4 billion, having extended the fundraising period by six months.
Singapore private equity firm Tembusu Partners has received a strategic commitment of up to RMB670 million ($96 million) for a RMB2 billion fund targeting the liquor industry in China’s Guizhou province.
China International Capital Corporation (CICC) and global pharmaceutical giant AstraZeneca are looking to raise $1 billion for a fund that will back Chinese healthcare companies as well as international players looking to enter the country.
SoftBank founder Masayoshi Son admitted to a lapse in judgment on WeWork while disclosing that SoftBank Vision Fund and SoftBank Group have written down their positions in the beleaguered co-working space provider by a combined $7.7 billion.