Funds
Goldman invests $96m in Australia disability housing player
Goldman Sachs Asset Management has committed A$137 million ($96 million) to Synergis, an Australian investment platform focused on providing housing for people with disabilities.
Lightspeed China closes US dollar fund at $920m
Lightspeed China Partners has closed its latest US dollar-denominated fund at $920 million. It is the largest fund raised by the firm and brings assets under management to $3 billion.
Indonesia's AC Ventures closes debut fund at $205 million
AC Ventures, an early-stage investor created through the merger of Indonesia’s Agaeti Ventures and Convergence Ventures, has closed its debut fund at $205 million. The target was $80 million.
Fund focus: A91 basks in India afterglow
Having increased its Fund II hard cap to $550 million in response to investor demand, the Indian manager is ready to address an Indian market that is increasingly digital, VC-exposed, and expensive
Legend hits first close on healthcare fund, launches TMT vehicle
Legend Capital has reached a first close of $177 million on its third US dollar-denominated China healthcare fund. It is one of five vehicles the GP has in the market, including its recently launched ninth flagship technology, media, and telecom (TMT)...
Blume hits $105m first close on fourth India VC fund
Indian venture capital investor Blume Ventures has achieved a first close of $105 million on its fourth fund, exceeding the full amount raised in the previous vintage.
Australia's Five V raises $398m for Fund IV
Five V Capital, a growth-oriented investor in Australia and New Zealand, has achieved a first and final close on its fourth fund with more than A$550 million ($398 million) in commitments.
Singapore's Leo Capital targets $125m for third VC fund
Singapore-based early-stage venture capital firm Leo Capital has launched its third fund focused on India and Southeast Asia with a target of $125 million.
Australia's Allegro hits overall target with Fund IV first close
Allegro Funds, an Australia-based turnaround specialist, has reached a first close of A$600 million ($449 million) on its fourth fund, hitting the overall target for the vehicle.
Kejora, Sunway launch $25m Malaysia VC fund
Indonesia-based Kejora Capital and Malaysian conglomerate Sunway Group have established a $25 million VC fund focused on early-stage start-ups in Malaysia.
China's Bits x Bites closes second food tech fund at $100m
Bits x Bites, a Chinese VC firm focused on agriculture and food technology such as alternative protein, has closed its second fund at $100 million, beating a target of $70 million.
CBC, APG launch China healthcare infra fund
Specialist healthcare investor CBC Group has teamed up with APG Asset Management to launch a $1.5 billion fund dedicated to the development of healthcare infrastructure in China.
Japan's Olympus launches VC unit, $50m fund
Japan’s Olympus Corporation has launched a medical technology-focused venture capital unit, Olympus Innovation Ventures, with an initial commitment of $50 million for its debut fund.
India's A91 reaches $550m final close on Fund II
A91 Partners has closed its second India-focused fund with $550 million in commitments, nearly two-and-a-half years after raising $351 million for its debut vehicle.
Indonesia's Alpha JWC closes Fund III at $433m
Indonesia’s Alpha JWC Ventures has closed its third fund at $433 million, beating a target of $250 million. It is said to be the largest early-stage VC fund targeting Southeast Asia.
VentureTech, SBI launch $18m Malaysia fund
Malaysian government investor VentureTech has teamed up with SBI Ventures Malaysia to launch a MYR75 million ($18 million) technology co-investment fund.
Australia's Rampersand targets $29m for fourth VC fund
Rampersand, an Australia-based VC investor, is looking to raise A$40 million ($29.6 million) for its fourth fund, which will address what the firm describes as a “chronic funding gap in early-stage seed funding.”
Singapore's Quest Ventures launches maritime tech fund
Singapore’s Quest Ventures and ShipsFocus, a specialized start-up services studio, have achieved a first close of S$10 million ($7.5 million) on a maritime technology fund.
Australia's Glow seeks $222m for debut fund
Glow Capital Partners, an Australian private equity firm established by Justin Ryan, formerly of Quadrant Private Equity, and Kate Morris, founder of beauty e-commerce platform Adore Beauty, is targeting A$300 million ($222 million) for its debut fund....
Mizuho spinout targets $263m for Japan buyout fund
MCP Capital (MCPC), a Japanese lower mid-market buyout firm that spun out from Mizuho Bank earlier this year, is looking to raise up to JPY30 billion ($263.2 million) for its sixth fund.
Cross-currency restructuring underpins Ameba's VC fund
China-focused VC firm Ameba Capital has closed its debut US dollar-denominated fund at $265 million, supported by a renminbi-to-US dollar secondary restructuring and a primary staple.
Capital, talent flock to Japanese start-ups - AVCJ Forum
Japan’s early-stage investment environment has improved dramatically over the past several years with the emergence of a new generation of entrepreneurs, industry participants told the AVCJ Japan Forum.
Fund focus: Genesis reinforces Australia's specialist thesis
Having raised $142 million for its debut fund, Genesis Capital joins a select group of Australian mid-market GPs with blind pools. The firm believes a singular focus on healthcare was a key selling point
3H Healthcare closes second US dollar fund at $330m
3H Healthcare Investment, which specializes in early-stage China biotech and medical devices deals, has closed its second US dollar-denominated fund at the hard cap of $330 million.