Temasek Holdings-owned Azalea Asset Management has raised USD 805m for a second fund-of-funds intended to broaden investor access to private equity.
Naren Gupta, a co-founder of Nexus Venture Partners who is acknowledged as one of the pioneers of venture capital in India, has died at the age of 73.
Thousand Oaks Biopharmaceuticals, a China-based contract development and manufacturing organization (CDMO), has raised CNY 1.5bn (USD 240m) in funding led by Goldstone Investment - a private equity unit of CITIC Securities - and CDH Investments.
Japanese venture capital firm Jafco has closed its latest Asia fund with USD 130m in commitments. It will focus on China, India, and Southeast Asia.
Tiger Global Management, QED Investors, and Sequoia Capital India have led a USD 86m Series C round for Indian digital bank Jupiter with support from Matrix Partners India and Singapore’s Beenext.
Eastern Bell Capital has closed its second US dollar-denominated fund and its sixth renminbi-denominated fund with aggregate commitments of more than CNY 13bn (USD 2bn).
GlobalBees, an India-based platform that agglomerates technology-enabled emerging consumer brands, has raised USD 111.5m in Series B funding at a valuation of USD 1.1bn.
VIG Partners has agreed to exit its 51% stake in eyewear brand Star Vision through a buyback by the South Korean company’s founder and current minority shareholder.
GenFleet Therapeutics, a Chinese biotech developer focused on oncology and immunology, has secured a USD 75m Series C round led by Huagai Capital.
Indonesia coffee chain Kopi Kenangan has raised USD 96m in an ongoing Series C round at a valuation of at least USD 1bn. Hong Kong’s Tybourne Capital Management led the investment.
Northstar Group has closed its fifth Southeast Asia-focused fund with $590 million in commitments. The target was $800 million.
Pioneer Capital, New Zealand Superannuation Fund, and Comprador Holdings have together acquired a 70% stake in Fertility Associates, a New Zealand-based fertility treatment provider.
Indian used car platform Cars24 has raised $400 million in funding – comprising $300 million in equity and $100 million in debt – at a valuation of $3.3 billion.
Indian payments start-up Razorpay has seen its valuation more than double in eight months on closing a $375 million Series F led by Lone Pine Capital, Alkeon Capital Management, and TCV.
Mizuho Bank has led a $200 million Series E round for MoMo, a Vietnam-based mobile wallet provider, at a valuation of more than $2 billion.
Anchor Equity Partners has committed KRW250 billion ($210 million) in pre-IPO funding to Kurly, a Korean grocery delivery platform that earlier this year said it would list locally rather than in the US.
Pacific Equity Partners (PEP) has agreed on exits from two energy infrastructure-related businesses, taking the Australia-based private equity firm to four announced liquidity events within a fortnight.
OfBusiness, an India-based B2B platform focused on industrial supply chain and procurement services, has raised $325 million in Series G funding at a valuation of $5 billion.
Jessica Huang Pouleur, who was recruited by Openspace Ventures last year to lead the Southeast Asia-focused venture capital firm’s growth equity strategy, has been promoted to partner.
Chinese artificial intelligence (AI) technology developer SenseTime has relaunched its IPO on the same terms, albeit excluding US investors, after being placed on another blacklist by the US government.
Hong Kong has compromised on several points of contention in its special purpose acquisition company (SPAC) guidelines, notably removing a requirement that investors can only redeem their shares post-merger if they vote against the deal.
The management team of Asia secondaries specialist NewQuest Capital Partners stands to receive a $10 million payout if the firm raises $1.75 billion for its fifth fund, as part of TPG’s acquisition agreement.
The Carlyle Group has agreed to sell Sunsho Pharmaceuticals, a Japan-based contract manufacturer of dietary supplements, to Towa Pharmaceutical for JPY47.7 billion ($419.5 million).
KKR has agreed to buy Yayoi, a Japan-based software developer that serves small and medium-sized enterprises (SMEs) from Orix Corporation.