North America
Asia GPs fear LP portfolio concentration - survey
Large LPs concentrating their GP relationships is comfortably the biggest fundraising challenge facing private equity firms in Asia Pacific, according to a survey featured in the latest edition of Dechert’s global private equity report.
Money train: Raising capital out of Asia
Fundraising difficulties at home are prompting some US and European GPs to target Asian capital pools that they previously overlooked. It requires patience and persistence
Deal focus: Algae-based bio-plastics come to Asia
US-based Algenesis has figured out how to make plastic from algae. Singapore’s Circulate Capital is helping the company bring the technology to Asian manufacturers
Flourish Ventures secures $350m in new funding
Flourish Ventures, a US-based emerging markets financial technology investor with a strong Asia focus, has secured USD 350m for future deployments from its sole LP, eBay founder Pierre Omidyar.
Blackbird, Airtree back $18m round for Australia's Darwinium
Blackbird Ventures and Airtree Ventures have participated in a USD 18m Series A round for Darwinium, an Australian digital security start-up that moved its headquarters to the US in April.
Warburg Pincus closes global flagship fund on $17.3b
Warburg Pincus has closed its latest global flagship fund with USD 17.3bn in commitments, making it the firm’s largest fundraise in its 57-year history.
China-US consumer brand accelerator raises $58m
SuperOrdinary, a global consumer brands accelerator that operates out of Shanghai, New York, and Los Angeles, has raised USD 58m in Series B funding at a valuation of more than USD 800m.
SparkLabs launches US-listed SPAC
SparkLabs Group, which operates a network of start-up accelerators and venture capital funds with a strong presence in Asia, has raised USD 100m through a special purpose acquisition company (SPAC) offering on NASDAQ.
India's True North commits $75m to iLink Digital
True North has agreed to pay USD 75m for a minority stake in iLink Digital, a digital transformation service provider founded in the US by two Indian entrepreneurs.
Warburg Pincus backs Asia-US BPO player Everise
Warburg Pincus has agreed to invest an unspecified sum in Asia-US business process outsourcing (BPO) company Everise at a valuation of USD 1bn, facilitating an exit for Everstone Group.
China VC: Amicable divorces
Regulatory pressures are encouraging Chinese VC firms to end longstanding US affiliations, but the impact of impending legislation – even sight unseen – cuts deeper into investor sentiment on China
ESG backlash: Turbulent tailwinds
The strong momentum behind sustainable and responsible investment policies globally has begun to ruffle feathers in the US. Asian private equity should recognise this as a relevant warning
ShawKwei commits $34m to US EV battery manufacturer
Asia-focused industrial technology investor ShawKwei & Partners has announced its third investment in a US-based company in three weeks, with a USD 34.3m commitment to battery manufacturer Group14 Technologies.
India's Unitus combines with US affiliate Capria
India-based impact investor Unitus Ventures has combined with its US affiliate Capria Ventures, with the unified entity to operate globally under the Capria name.
BlueRun Ventures China cuts ties with US brand
BlueRun Ventures China has been rebranded as Lanchi Ventures to differentiate itself from the Silicon Valley-headquartered VC firm with which it shares a name.
Deal focus: ShawKwei delivers US deal flow
ShawKwei & Partners found its niche in Asia-based industrials businesses with relative cost advantages. Thanks to geopolitics and shifting growth patterns, the GP is now targeting assets in North America
ShawKwei completes duo of US acquisitions
Asia-focused industrials specialist ShawKwei & Partners has completed two investments in the US spanning packaging manufacturing and environmental chemicals.
India-US cross-border GP Pentathlon Ventures targets $55m
Pentathlon Ventures, a US-India cross-border early-stage investor focused on B2B software-as-a-service (SaaS) has launched its second fund with a target of USD 55m.
SEC votes through disclosure reforms for private funds
The US Securities and Exchange Commission (SEC) has adopted new transparency rules for private equity managers requiring increased reporting, special terms disclosure, and annual fund audits.
PE-linked SPAC to merge with China ride-hailing business
A special purpose acquisition company (SPAC) led by two Chinese private equity investors has agreed to merge with local ride-hailing business Wanshun Technology Industrial Group in a deal that values the target at approximately USD 300m.
China 3D printing player Boston Micro gets $24m Series D
China and US-based microscale 3D printing company Boston Micro Fabrication has raised USD 24m in Series D funding led by Guotai Junan Securities.
Legal action accuses investors of aiding and abetting FTX fraud
Temasek Holdings and SoftBank Group are named in a US class-action lawsuit that claims investors aided and abetted fraud at collapsed crypto exchange FTX.
Biden clamps down on US investment in Chinese technology
US President Joe Biden has signed an executive order prohibiting outbound foreign investment in China that targets certain sensitive technologies, including semiconductors and microelectronics, quantum information technologies, and artificial intelligence...
Singapore's Nium raises capital at $2b valuation
Singapore-based payments technology provider Nium claims to have doubled its valuation in the past 24 months to USD 2bn with new investors such as US-based Bond and Moore Capital joining the capital table.