500 Startups has closed its Vietnam-focused early-stage VC fund at $14 million, beating a target of $10 million.
PAG Asia Capital has announced that its third pan-regional fund has closed at the hard cap of $6 billion – confirming an AVCJ report from last week.
Industrial & Commercial Bank of China (ICBC) has launched a $200 million fund to invest in Indian start-ups and micro, small, and medium-sized enterprises (MSMEs).
SparkLabs Group, a pan-Asian network of accelerators and global venture funds, has launched a $10 million fund in Taiwan and appointed NBA star Jeremy Lin (pictured) as an advisor.
PAG Asia Capital is set to make a first and final close on its third pan-regional fund on November 15 at the hard cap of $6 billion. The vehicle has been in the market for approximately six months, having set an initial target of $4.5 billion.
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China-focused venture capital firm H Capital, founded by former Tiger Global managing partner Xiaohong Chen, is targeting $700 million for its fifth vehicle, according to a regulatory filing.
China’s Linear Venture has closed its third fund with a renminbi-denominated vehicle of RMB500 million ($72 million) and a US dollar-denominated vehicle of $70 million.
US-based Massachusetts Mutual Life Insurance Company (MassMutual) has established a $50 million Southeast Asia-focused VC fund via its in-house financial technology investment unit.
Joy Capital, a Chinese VC firm that spun out from Legend Capital, has launched a domestic opportunity fund with a target of $300 million.
Fenox Venture Capital, a VC firm based in Silicon Valley, has partnered with Japanese entertainment company Sega Sammy Holdings to launch a $20 million fund to invest in advanced technologies globally.
Shunwei Captial Partners, a Chinese VC firm established by Xiaomi founder Lei Jun (pictured), has closed its fourth US dollar-denominated VC fund at $1.21 billion. The firm’s assets under management (AUM) now stand at $3.3 billion across four US dollar...
China’s Insight Capital has reached a second close on its latest healthcare fund with commitments of RMB500 million ($71.7 million).
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.
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China has proposed easing restrictions on insurers investing in private equity, which may help alleviate a significant slowdown in renminbi fundraising.
South Korea-based BonAngels Venture Partners has raised $50 million for its third early-stage fund.
Australia-listed Acorn Capital has raised A$55 million ($39 million) for its first venture capital fund that will make Series B and expansion-stage investments.
China Investment Corporation (CIC) has reached an agreement with several Japanese financial institutions to establish a fund that will support Japanese companies looking to expand into China.
Saudi Arabia’s Public Investment Fund (PIF) will invest $500 million into the Russia-China Investment Fund (RCIF), a vehicle established in 2012 by China Investment Corporation (CIC) and the Russian Direct Investment Fund (RDIF).
Bessemer Venture Partners has closed BVP X, its latest global early-stage venture capital fund, at $1.85 billion.
Centurium Capital, a private equity firm established by ex-Warburg Pincus China head David Li, has increased the hard cap on its debut fund from $1.5 billion to $1.98 billion.
Motilal Oswal Private Equity (MOPE) has closed its third growth equity fund at INR23 billion ($325 million), beating its target of INR20 billion.