Funds
Insignia raises $516m for latest Southeast Asia vintage
Insignia Venture Partners has raised USD 516m for its third Southeast Asia fund, comprising USD 388m for a core venture vehicle, an accompanying entrepreneurs’ pool of USD 28m, and a USD 100m annex fund.
LPs worried by rising fund sizes in Southeast Asia - AVCJ Forum
LPs are encouraged by Southeast Asia’s fast-developing private equity ecosystem, but they are concerned that increases in fund sizes are outstripping that of the addressable market, the AVCJ Southeast Asia Forum heard.
EmergeVest co-founder joins VI to launch credit strategy
A three-person team from EmergeVest, including co-founder Roger Moh, has moved to Hong Kong-based VI Asset Management to launch a private credit strategy.
Third close brings Circulate's cleantech fund to $53m
Circulate Capital, a Singapore-based environmental technology impact investor, has reached a third close on its second fund with USD 53m in commitments to date.
China's ClearVue targets $100m for blockchain fund
ClearVue Partners, a China-focused investor in consumer and technology, has reached a first close of USD 50m on a fund dedicated to digital assets related to decentralised finance (defi) services and bridging web2 and web3 operating models.
KKR seeks up to $1.5b for Asia tech fund
KKR has launched its debut Asia-focused technology growth fund, two-and-a-half years after first indicating it would add this strategy in the region.
Bertelsmann spinout BAI Capital closes $700m China fund
BAI Capital, formerly Bertelsmann Asia Investments, a captive unit of the eponymous German media company, has closed its debut China fund on approximately USD 700m.
Japan's Anri hits $102m first close on latest VC fund
Japanese early-stage VC firm Anri has reached a first close of JPY 14bn (USD 102m) on its fifth flagship fund. The target is JPY 40bn.
Navis enters Asia credit space
Navis Capital Partners has launched a credit unit that will provide financing to companies in Asia that require growth capital but are reluctant to bring in equity investors.
B Capital raises $250m for global early-stage fund
Los Angeles and Singapore-headquartered B Capital Group has closed its first dedicated early-stage fund with USD 250m in commitments. It will target the US and Asia.
Fund focus: Lightspeed ramps up in India, Southeast Asia
Lightspeed Venture Partners is leaning hard into developing Asia with long-range vision, added operational resources, and a new USD 500m war chest
Lightspeed raises $500m for India, Southeast Asia
Lightspeed India Partners, which also targets Southeast Asia, has closed its fourth early-stage VC fund with USD 500m in commitments.
Fund focus: Qiming picks its moment
China’s Qiming Venture Partners more than doubled its fund size from the previous vintage, having launched the vehicle prior to the recent chaos and leveraged LP demand for the familiar
India's Axilor targets $100m for second seed fund
Indian seed investor Axilor Ventures has launched its second fund with a target of USD 100m. This compares to USD 30m for its first fund.
Qiming raises $3.2b across dollar, renminbi funds
China-focused VC firm Qiming Venture Partners has closed its eighth US dollar-denominated fund at the hard cap of USD 2.5bn – more than twice the size of the previous vintage – and raised CNY 4.7bn (USD 701m) for its latest renminbi vehicle.
Asia's Emerald Hill makes top 10 in global fund-of-funds ranking
Emerald Hill Capital Partners, which closed its last fund in 2014 and decided against raising a successor vehicle several years ago, is the sole Asian representative in the top 10 of a global fund-of-funds performance ranking compiled by business school...
Sequoia raises $8.8b for China funds
Sequoia Capital has hit the hard cap on each of the four funds in its latest China vintage, accumulating USD 8.8bn for deployment in seed through late-growth rounds.
Joy sets modest target for China VC fund - update
Beijing-based Joy Capital has set a lower target for its latest US dollar-denominated fund than in the previous vintage and decided against raising a second accompanying growth vehicle.
Bertelsmann to invest $500m in India
Bertelsmann India Investments has earmarked USD 500m, provided by its eponymous German parent, for investment in local start-ups. The VC unit’s total deployment since its launch in 2013 is USD 285m.
Entrepreneur First raises $158m, targets SE Asia
UK-headquartered incubator Entrepreneur First (EF) has raised USD 158m, targeted in part at investment in Southeast Asian start-ups and expanding its reach in the region.
Fund focus: LGT eyes a buying opportunity
As LGT Capital Partners starts deploying its USD 1.65bn Asia fund-of-funds, it hopes that rationalising valuations and some consolidation of GP relationships will contribute to a strong vintage
Fund focus: Re-ups underpin FountainVest's Fund IV close
Despite headwinds that have afflicted all China-focused managers, FountainVest Partners closed its fourth fund just above target on USD 2.9bn. One-third of the corpus has already been deployed
India's Fundamental VC launches debut fund
Fundamental VC, an early-stage investor set up by two Indian angel investors and start-up ecosystem professionals, has launched its debut fund with a target of USD 130m.
Matrix seeks $450m for fourth India fund
Matrix Partners has launched its fourth India venture capital fund with a target of USD 450m.