GPs
Qiming hits $930m final close on latest renminbi fund
Qiming Venture Partners has closed its seventh renminbi-denominated fund on CNY 6.5bn (USD 930m), marking what it claims is China's largest local currency fundraise of 2023 to date
Profile: Mandala Capital's Uday Garg
Uday Garg realised an unlikely career arc from tennis to private equity with the establishment of India’s Mandala Capital. This was guided by a passion for achieving impact in food and agriculture
South by Southeast: Asia's next growth engine?
Grouping together markets based on growth and scale is a problematic with South Asia and Southeast Asia as it was with the BRIC economies. But to some extent, investors are buying into the story
New Zealand's Movac raises $125m for Fund VI
New Zealand-based Movac has closed its sixth technology fund on NZD 202m (USD 125m) despite what Mark Vivian, a general partner at the venture capital firm, described as “the most challenging fundraising conditions I've experienced since the GFC [global...
Bessemer pledges USD 1bn for global AI deals
Bessemer Venture Partners, a US-based early-stage investor currently expanding a longstanding presence in India, has earmarked USD 1bn for artificial intelligence (AI) start-ups globally.
Stride hits first close on third India venture debt fund
India-based venture debt provider Stride Ventures has reached a first close of USD 100m on its third fund, which has an overall target of USD 200m.
Fund focus: Chiratae eyes global growth
Chiratae Ventures has raised a growth-stage fund to participate in later-stage rounds for Indian portfolio companies that are becoming ever larger and ever more international in their outlook
Fund focus: Integra focuses on the fintech layer
One of few sector specialists in market populated by Indonesia-focused generalists, Integra Partners has fashioned a differentiated investment narrative. LPs committed $90m to the cause
Japan VC: Global appetites
The relatively recent advent of sizeable VC funds and high-profile start-ups in Japan has exposed long-simmering ambitions to be more international. This could be a breakout moment
3one4 raises $200m for early-stage India fund
Indian venture capital firm 3one4 Capital has closed its fourth early-stage fund – and sixth overall – on target at USD 200m. The fundraising process took two-and-a-half months.
Integra closes second Southeast Asia VC fund on $90m
Singapore-based early-stage venture capital firm Integra Partners confirmed it has closed its second fund on USD 90m.
India's Multiples reaches $640m first close on Fund IV
Multiples Alternate Asset Management has reached a first close of USD 640m on its fourth India-focused fund as it bids to become one of the relatively few local managers to raise USD 1bn.
Chiratae closes debut growth fund on $122m
India’s Chiratae Ventures has closed its debut late-stage VC fund with about INR 10bn (USD 122.3m) in commitments, beating a target of INR 7.5bn.
China: Who's investing?
Private equity investment in China remains in the doldrums yet local investors claim to see green shoots. Where, when, and how they engage with the market is likely to differ from previous cycles
Fund focus: Globis doubles down on Japan VC thesis
Having raised nearly twice as much for Fund VII as it did for Fund VI, Globis Capital Partners plans to back more portfolio companies through growth-stage rounds and help them realise global ambitions
Fund focus: Advantage moves fast, scales up
Japan’s Advantage Partners deployed Fund VI faster than expected and only some LPs wanting to delay commitments for budgetary reasons prevented a swift final close on Fund VII
Portfolio: AIG
Advance Intelligence Group has developed a relatively narrow enterprise fintech business into one of the region’s leading digital lending operations with the help of several VC investors
Japan's Marunouchi launches $1bn climate tech fund
Japan-based Marunouchi Innovation Partners (MIP), a private equity manager controlled by Mitsubishi Corporation, has hit a first close of USD 400m on a climate tech fund. The overall target is USD 1bn.
China's DCL raises $578m for renminbi fund
DCL Investments, one of the first local private equity firms to focus on distressed assets in China, has raised CNY 4bn (USD 578m) for its latest renminbi-denominated fund.
India-ASEAN GPs rethink Asia growth – AVCJ Forum
Developing Asia is set for a new chapter of greater opportunities and challenges in the wake of the pandemic-related investment boom, the AVCJ Southeast Asia Forum heard.
India's 3one4 adds partner
India’s 3one4 Capital has promoted Nruthya Madappa, head of the VC firm’s growth and capital development team, from director to partner. It brings the total number of partners to four.
Advantage closes seventh Japan buyout fund on $971m
Advantage Partners has closed its seventh flagship Japan buyout fund with JPY 130bn (USD 971m) in commitments, beating a target of JPY 120bn.
VCs positive on SE Asia's fundamentals, strategic positioning - AVCJ Forum
Venture capital investors remain bullish about Southeast Asia's prospects despite a sharp decline in activity this year, noting that the region is strategically well placed amid the US-China tensions.
Valuation stalemates stall SE Asia exits – M&A Forum
Private equity investors at the Mergermarket M&A Forum Southeast Asia sensed that something has to give in a deadlocked regional exit market, where the bid-ask divide could break in either direction.