Funds
India's True North closes sixth fund below target
Indian private equity firm True North closed its sixth fund last year at about $600 million, falling short of a revised target.
Singapore's Her Capital targets $10m for debut fund
Singapore-headquartered venture capital firm Her Capital is seeking to raise a debut $10 million fund to invest in Southeast Asia with a gender lens-focused thesis.
DCP, Qiming support China medical devices fund
Ascendum Capital Partners, a healthcare investment firm established by DCP Capital, Qiming Venture Partners and Chinese medical devices manufacturer Venus Medtech, is looking to raise $200 million for its debut fund.
Asia VC: Vertex's evolving early-stage network
Vertex Holdings’ Chua Kee-Lock likens his network of VC funds seeded by the Temasek-owned entity as a distributed computer system. It will draw down more power as it grows
Wavemaker closes third Southeast Asia fund at $111m
Wavemaker Partners has closed its third Southeast Asia venture capital fund with $111 million in commitments. The target was $100 million.
Q&A: Navegar's Honorio Poblador
Honorio Poblador, co-founder at Philippines-based Navegar, explains how his firm is positioning its second fund – newly closed at $197 million – in the face of the COVID-19 downturn
China's Yingke PE raises $286m
Shanghai-based Yingke Private Equity has closed its latest renminbi-denominated fund with commitments of RMB2 billion ($286 million), primarily from insurers and other financial institutions.
DCM raises $880m for early-stage funds
DCM Ventures has raised $880 million across two funds that will continue its early-stage technology strategy, with 70% of the capital earmarked for deployment in China.
Navegar closes second Philippines fund at $197m
Manila-based private equity firm Navegar has closed its second Philippines fund with $197 million in commitments. The initial target was $150 million.
Ashva raises $60m for India SME, start-up fund
Singapore-headquartered investment firm Blue Ashva Capital has secured a first close of INR4.5 billion ($60 million) for an India-domiciled fund that will invest in small and medium-sized enterprises (SMEs) and start-ups.
Openspace completes first close on Southeast Asia VC fund
Openspace Ventures has achieved a first close of more than $90 million on its third Southeast Asia fund, which has an overall target of $200 million.
Fund focus: B Capital begins second innings
Growth capital investor B Capital expects enterprise services to feature prominently in its Fund II portfolio as technology ecosystems in Southeast Asia and India continue to develop
Corporate VC in Asia: Moment of truth
Cutting non-core operations is the standard corporate response to an economic downturn. Companies in Asia must decide whether the long-term benefits of exposure to new technologies outweighs short-term pain
Singapore's Indies raises $100m for third PE, credit fund
Indies Capital, a Singapore-based GP focused on Indonesia, has reached a first close of $100 million for its third flagship private equity and credit fund.
China's Unity Ventures hits first close on US dollar fund
Chinese venture capital firm Unity Ventures - also known as Jiuhe - has reached a first close of $50 million on its debut US dollar-denominated fund. The vehicle has an overall target of $100 million.
Clime seeks $50m for Southeast Asia clean energy fund
Clime Capital, a newly established cleantech investor based in Singapore, has launched a clean energy fund for Southeast Asia targeting $50 million.
B Capital closes second fund at $820m
B Capital Group, a US-based VC with a presence in Singapore and a significant Asia portfolio, has closed its second global fund at $820 million.
Lever launches China alternative protein fund
Hong Kong and US-based food technology investor Lever VC has launched a RMB200 million ($28 million) fund dedicated to Chinese plant-based meat start-ups.
East Ventures reaches $57m first close on eighth fund
Indonesia’s East Ventures has reached a first close of $57 million on its eighth fund. The target is $88 million.
Indonesia's BRI Ventures launches fund
BRI Ventures, a unit of Bank Rakyat Indonesia, has launched a locally incorporated fund that will invest local start-ups.
Profile: Kejora Ventures' Sebastian Togelang
Looking for new business opportunities, Sebastian Togelang returned to Indonesia from Germany to invest in technology start-ups. He counsels entrepreneurs that it pays to be part of a larger platform
China establishes $5b SME support fund
China has launched a government guidance fund intended to support small and medium-sized enterprises (SMEs) with initial capital commitments of RMB35.75 billion ($5 billion).
Clifford Capital takes 50% stake in Singapore's Pierfront
Singapore-based infrastructure investor Clifford Capital has acquired a 50% stake in local private credit and mezzanine player Pierfront Capital for an undisclosed sum.
Fund focus: Beenext targets a world beyond the mirrors
Beenext Capital Management has expanded its LP base while maintaining fund size discipline. This is born of a philosophy that capacity for cross-pollination is more important than capacity for deployment