Funds
Australia's Leap Capital raises $34m venture debt fund
Australian investment firm Leap Capital has raised A$50 million ($34 million) for a venture debt fund that will target established, revenue-generating companies locally.
Asia Partners raises $70m for SE Asia growth deals - update
Asia Partners, a Singapore-based VC firm co-founded by Nick Nash, the former group president of mobile internet and gaming platform Sea, has raised more than $70 million for its debut fund, which will invest in Southeast Asian technology companies at...
Q&A: TriLinc Global's Paul Sanford
Paul Sanford, CIO of credit-focused impact investment firm TriLinc Global, explains why Southeast Asia has proved a challenging market and how he is preparing for a spike in institutional investor interest
HSBC launches $880m GBA tech fund
HSBC has launched an $880 million fund to provide debt financing for early-stage technology companies leveraging China’s Greater Bay Area (GBA) development initiative.
500 Startups launches second Korea fund
500 Startups has launched its second Korea fund focused on early-stage technology companies in the country.
Vivo raises $1.28b for China-US healthcare fund
US and China-focused healthcare investor Vivo Capital has raised $1.28 billion for its ninth private equity fund. The predecessor vehicle closed at $750 million in 2015.
Singapore's Wavemaker reaches $60m first close on third fund
US and Singapore-based early-stage VC firm Wavemaker Partners has reached a first close of $60 million for its third Southeast Asia-focused fund. The target is $100 million.
Advent raises $17.5b for ninth global fund
Advent International has closed its latest global fund at the hard cap of $17.5 billion, completing its largest-ever fundraising exercise in the space of six months.
Joy Capital sets $350m target for third China VC fund
Joy Capital is seeking $350 million for its third China-focused venture capital fund, which would take the four-year-old firm’s assets under management past the $1 billion mark.
Sinovation closes $362m RMB fund, establishes GBA base
Sinovation Ventures has raised RMB2.5 billion ($362 million) for a fund that will focus on artificial intelligence (AI), big data and related areas. The final close was announced at the unveiling of the firm’s Greater Bay Area (GBA) headquarters in...
GP profile: Chiratae Ventures
Patient, culture-oriented Chiratae Ventures has grown and diversified in step with India’s gradually blossoming VC market. Its latest expansions suggest this trajectory is set to accelerate
GIC, ADIA invest $495m in India's Greenko
Indian renewable energy producer Greenko Energy Holdings has raised $495 million from its majority owner, Singapore’s GIC Private, and returning investor the Abu Dhabi Investment Authority (ADIA).
Australia's PEP surpasses $1.4b in Fund VI first close
Pacific Equity Partners (PEP) has reached a first close of just over A$2 billion ($1.4 billion) on its sixth Australia and New Zealand-focused buyout fund, with the hard cap set at A$2.5 billion.
ComfortDelGro backs Singapore logistics start-ups
Singapore land transport services company ComfortDelGro has backed two local logistics start-ups via its recently launched venture capital arm.
Fund focus: EV Growth fills the gap
East Ventures, Sinar Mas Digital Ventures, and YJ Capital have raised $200 million for a fund that will target Southeast Asia's underserved Series B and above space
Southeast Asia venture debt: Getting acquainted
A host of early movers in Southeast Asian venture debt are attempting to fill one of the last big gaps in the region’s start-up infrastructure. The outlook is promising, but adoption rates remain a concern
Warburg Pincus seeks $4.25b for China, SE Asia fund - update
Warburg Pincus is targeting $4.25 billion for its second China companion fund, having officially added Southeast Asia to the mandate. The previous companion fund closed at $2 billion in late 2016 after three months in the market.
Legend Capital hires PV Wang, ups fundraising ambitions
Chinese venture capital firm Legend Capital has appointed Asia PE industry veteran Piau-Voon Wang (pictured) as a managing director and COO as part of efforts to institutionalize operations and diversify its LP base.
Chinese state-owned entities launch $723m 5G fund
China’s state-owned Yangtze River Industry Fund and China Information Technologies Group have jointly launched a RMB5 billion ($723 million) fund with a focus on 5G technology.
Singapore's EV Growth closes debut fund at $200m
Singapore-based EV Growth, a joint venture between East Ventures, Indonesia’s Sinar Mas Digital Ventures (SMDV) and Japan’s YJ Capital, has closed its first fund at $200 million.
China targets $8.7b for guidance fund to drive SOE reform
China Reform Holdings has supported the launch of a national guidance fund with a target of RMB60 billion ($8.7 billion) that will focus on state-owned enterprise (SOE) restructuring.
Singapore's VisVires launches $150m food tech fund
VisVires New Protein, a Singapore-based VC firm specializing in food technology, has launched its second fund with a target of $150 million. Fund I closed at $40 million in 2016.
Genesis starts Southeast Asia venture debt business
Sassoon Investment Corporation, the family office of the Sassoon family, and Indonesian bank CIMB Niaga have launched Genesis Alternative Ventures, a venture debt provider targeting start-ups in Southeast Asia.
Endiya reaches $40m first close of second India VC fund
Endiya Partners, an early-stage VC investor based in India, has achieved a first close of $40 million for its second fund. The target is $70 million.