Region
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.
India's Iron Pillar leads $30m round for logistics SaaS company
Iron Pillar and Uncorrelated Ventures have co-led a USD 30m investment in Pando, a US-headquartered logistics software-as-a-service (SaaS) provider with an India-based development team.
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
China insurance tech player raises $43m
Shanghai Kingstar Winning Software, a digital risk control solution provider for insurers, has raised a Series C round of CNY300m (USD 43m) led by China Taiping Insurance Group.
India's Ace Turtle raises $34m Series B
India’s Ace Turtle, an omnichannel platform used by lifestyle and fashion retailers such as Wrangler and Toys R Us, has raised USD 34m in Series B funding featuring Singapore’s Vertex Ventures.
NZ Super CEO resigns
Matt Whineray, who has served as CEO of New Zealand Superannuation Fund (NZ Super) since mid-2018, will depart at the end of the year.
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.
Quadria acquires Malaysia's Straits Orthopaedics
Singapore-headquartered healthcare specialist Quadria Capital has acquired a majority stake in Malaysian contract devices manufacturer Straits Orthopaedics at an enterprise value of USD 240m.
KKR invests $250m in India's Serentica Renewables
KKR has agreed to invest an additional USD 250m in India’s Serentica Renewables, a clean energy provider focused on energy-intensive commercial and industrial segments.
Australia's PE-backed Best & Less receives take-private offer
Best & Less, an Australian baby and kids retailer that went public less than two years ago under the guidance of then-majority owner Allegro Funds, has received a take-private offer from an investment vehicle controlled by retail industry veteran Brett...
Khazanah commits $40m to India's Xpressbees
Malaysia sovereign wealth fund Khazanah Nasional has invested USD 40m in India-based logistics start-up Xpressbees through the acquisition of shares from one of the company’s early backers.
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.
Japan's Globis closes Fund VII on $544m
Japanese venture capital firm Globis Capital Partners (GCP) has closed its seventh fund on JPY 72.7bn (USD 544m), nearly twice what it raised in the previous vintage.
Japan e-scooter maker raises $33.7m
Japanese e-scooter maker and urban shared micro-mobility developer Luup has raised a JPY 4.5bn round led by local VC firm Spiral Capital.
