Funds
Abacus, Gaw partner on Australia real estate fund
Hong Kong-based private equity real estate investor Gaw Capital Partners has partnered with Australia's Abacus Property Group on an Australia-focused real estate fund.
Profile: Saama Capital's Ash Lilani
Ash Lilani of Saama Capital has seen India’s VC community develop from pure growth deals to support a population of true entrepreneurs. Now he hopes to help the country keep building on its strengths
India's Ventureast reaches $83m first close on tech fund
Indian venture capital firm Ventureast Fund Advisors has reached a first close of $83 million on its latest technology-focused fund.
Genuine Startups, Ideo launch Japanese VC fund
Japan’s Genuine Startups and US design company Ideo have launched a Tokyo-based venture capital unit that will invest in domestic early-stage companies with plans for international expansion.
VIG secures $480m first close on third Korea fund
VIG Partners has reached a first close of $480 million on its third Korea-focused fund. The GP, which was formerly known as Vogo Investment, is expected to reach its target of $600 million by the end of the year.
500 Startups launches $50 million Southeast Asia fund
US-based accelerator 500 Startups has launched its second seed fund focused on Southeast Asia, with a targeted corpus of $50 million.
CDPQ to invest $700m in Edelweiss for India credit deals
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest up to $700 million in Edelweiss Group for investments in private debt in India.
Japan's INCJ invests $102.6m in domestic VC funds
Innovation Network Corporation of Japan (INCJ) has committed up to JPY10.4 billion ($102.6 million) to funds managed by domestic VC firms MedVenture Partners and Universal Materials Incubator.
China's Zoomlion launches $481m industry investment fund
Zoomlion Heavy Industry Science and Technology, a China-based construction machinery maker, has launched an industry PE fund with an overall target of RMB3.21 billion ($481 million).
Huasheng leads round for China education site Zmlearn
Huasheng Capital, a private equity firm established by financial advisor China Renaissance, has led a Series C round of funding for Zmlearn.com, a Chinese K-12 online learning and teaching platform.
Fund focus: FountainVest scales up for Fund III
With $2.1 billion to deploy from its third fund, FountainVest Partners is ready to write bigger checks and target more control deals as the China buyout opportunity - gradually - comes to fruition
India's YourNest launches $45m early stage fund
Indian venture capital firm YourNest has launched its second fund for early-stage investments with a target size of INR3 billion ($45.1 million).
Jafco in $408m first close for new flagship fund
Japan’s Jafco has achieved a first close on its fifth global venture capital and buyout fund with JPY41 billion ($408 million) in commitments.
Sino-US bio-pharma firm raises $55m Series C
MicuRx Pharmaceuticals, a Sino-US bio-pharmaceutical company, has raised a $55 million Series C round of funding led by Shanghai-based GP Healthcare Capital.
China launches $52.5b SOE restructuring fund
China has launched a RMB350 billion ($52.5 billion) private equity fund to restructure state-owned enterprises (SOEs) as part of efforts to improve operational efficiency and encourage industry consolidation.
Wingate, Sandbar acquire Australia's Medical Channel
Wingate Private Equity and Sandbar Investments have acquired Australian digital media provider Medical Channel.
CVC buys majority stake in Japan's Hasegawa
CVC Capital Partners has bought a controlling stake in Japanese assisted living, nursery school and cleaning services provider Hasegawa Holdings.
China's Neusoft partners with Israeli PE firm for $250m medtech fund
Infinity Group, a China-Israel cross-border private equity firm, has partnered with Chinese IT services provider Neusoft Corporation to launch a $250 million medical technology fund.
Vertex leads $6m round for India's CloudCherry
Vertex Ventures, the VC arm of Singapore's Temasek Holdings, has led a $6 million Series A round for Indian customer experience management platform CloudCherry alongside Cisco Investments, the corporate VC arm of Cisco Systems.
Singapore's UOB backs $72m Series C for OurCrowd
Singapore-based UOB Group has joined a $72 million Series C round for Israeli equity crowdfunding platform OurCrowd.
Fund focus: AirTree rides innovation wave
Australian GP AirTree Ventures raises its latest fund to invest in tech start-ups across growth ranges
FountainVest raises $2.1b for third China fund
FountainVest Partners has closed its third China-focused fund at the hard cap of $2.1 billion after approximately six months in the market
Deal focus: Allegro gets GSR back on track
Turnaround specialist Allegro sees opportunity in luxury tourist transportation venture
Philippines consumers: Boom in a bottle
Tidal shifts in the Philippines' consumer demographics are piquing interest among private equity and venture capital investors alike, but sluggish policy modernization efforts remain a key barrier to entry