Region
US, India cybersecurity player gets $50m Series B
US and India-based cyber risk management software-as-a-service platform Safe Security has closed a USD 50m Series B round led by Sorenson Capital.
J-Star invests in Japan IT provider
Japanese private equity firm J-Star has invested an undisclosed sum in local IT staffing services provider Miraie in an apparent consolidation play.
Australia's Future Fund recruits ex-Carlyle dealmaker as PE head
Future Fund has recruited David Bluff, who stepped down last year as The Carlyle Group’s Australia and New Zealand buyout head, to lead its private equity investment programme.
Consumer specialist Tiantu closes $218m renminbi fund
Tiantu Capital, a China-based consumer-focused venture capital firm, has raised CNY1.5bn (USD 218m) for its latest renminbi-denominated fund.
Coller closes first deal for debut renminbi fund
Coller Capital has completed the first deal from its debut renminbi-denominated secondaries fund, participating in a CNY 315m (USD 46m) GP-led transaction involving healthcare assets held by Chinese VC firm Legend Capital.
US climate VC leads round for Australia lithium player
Lowercarbon Capital, a US-based VC firm specialising in climate, has led a AUD 23m (USD 15.5m) Series A round for Australian lithium production services company Novalith Technologies.
Aquilius closes debut Asia secondaries fund on $400m
Singapore’s Aquilius Investment Partners, an Asia secondaries specialist set up in 2021 by former executives of Partners Group and The Blackstone Group, has closed its debut fund on USD 400m.
Jungle re-hires fundraiser Menka Sajnani as a partner
Menka Sajnani has re-joined Jungle Ventures as a partner responsible for investor relations, three years after departing the Southeast Asia and India-focused GP to head up Asia IR at B Capital Group.
Deal focus: Bibo puts the smart into chassis
Tsinghua University spinout Bibo has stolen a march on its local rivals in developing a specific electric vehicle component that has a large addressable market and serves as an import substitution play
Deal focus: The SoftBank effect, one step removed
The new owners of SoftBank Ventures Asia are cut from the same cloth – and even come from the same family – as the VC firm’s corporate parent. They aspire to reconfigure Asia’s tech ecosystem
Q&A: Vitalbridge Capital's Jinjian Zhang
Jinjian Zhang, founder of Chinese VC firm Vitalbridge Capital, on addressing domestic turbulence, getting investors to reengage on China, and where he sees opportunities in Southeast Asia
Warburg Pincus set to buy minority stake in Chinese fund house
Warburg Pincus has received regulatory approval to acquire a 23.3% stake in Zhong Ou Asset Management (Zhong Ou AMC), a Chinese mutual fund manager, from Italy's Intesa Sanpaolo Bank.
Collyer seeks $100m for Southeast Asia fund-of-funds
Collyer Capital, a Singapore-based investment firm co-founded by Eric Marchand, formerly of Unigestion and Campbell Lutyens, is looking to raise around USD 100m for a Southeast Asia-focused fund-of-funds.
Australia's Glow hits first close on debut PE fund
Australian private equity firm Glow Capital Partners has reached a first close of AUD 55m (USD 37m) on its debut fund. The target is AUD 300m.
Australia's Square Peg adds partner
Australia-based Square Peg Capital has promoted James Tynan, a principal at the venture capital firm, to partner level. It brings the total number of partners to nine.
Nio Capital, Xiaomo back China 4D radar start-up Sinpro
Sinpro, a China-based developer of hardware sensor products, has raised a Series A amounting to several hundred million renminbi led by Nio Capital and Xiaomi.
China's Alebund Pharma gets $145m in debt, equity funding
Alebund Pharmaceuticals has raised close to CNY 200m (USD 29m) in a pre-Series C funding round. Investors include state-owned Yangzhou Guojin Investment and Yangzhou Longchuan Holdings.
Wellington leads $150m round for Australia's Saluda Medical
Wellington Management has led a USD 150m round for Saluda Medical, an Australian devices company focused on spinal cord stimulation. TPG also came in as a new investor.
Growtheum backs Vietnam's International Dairy Products
Growtheum Capital Partners, a private equity firm established by the former head of GIC’s direct private equity investment group in Southeast Asia, has made a growth capital investment in Vietnam-based International Dairy Products (IDP).
Kotak halts India fund-of-funds
Kotak Investment Advisors (KIAL) has halted fundraising for its latest fund-of-funds, citing the challenging investment environment.
Australia's Milkrun winds down, founder defends business model
The founder of Australian grocery delivery business Milkrun, which announced that it would shutter last week amid challenging market conditions, has defended the start-up’s business model and claimed that its impact on the industry will be long-lasting....
India's Paragon raises $86m for Fund II
Indian middle market private equity firm Paragon Partners has closed its second fund on INR 7bn (USD 85.7m). It raised USD 120m in the previous vintage.
Australia's Crescent closes Fund VII on $670m
Crescent Capital Partners has closed its seventh Australia and New Zealand mid-market fund with AUD 1bn (USD 670m) in commitments.