Region
TRG opens South Korea office
The Rohatyn Group (TRG), a global emerging markets asset management firm, has opened an office in South Korea.
Portfolio: L Capital Asia and Seafolly
Beachwear maker Seafolly was already a leader in Australia when L Capital Asia acquired it in 2014. Now the founding family and the GP plan to build it into a global lifestyle brand
Chinese online lender FirstP2P secures $70m
FirstP2P, a Chinese online peer-to-peer (P2P) financing site, has raised a $70 million Series C round led by existing investor CCB International.
Lindeman Asia backs China's Cogobuy – update
Lindeman Asia Investment has joined China Reinsurance and People's Insurance Company of China in a HK$2 billion ($258 million) investment in Hong Kong-listed e-commerce company Cogobuy.
Fund focus: Sinovation gets new firepower
Innovation Works changes its name, but plans to keep focusing on China's growing tech talent
Private debt: Pulling uphill
Selling Asian LPs on private credit strategies remains difficult for the most part, but fund managers are generally confident that interest in the asset class is set to take off
KKR hires China Development Financial's Paul Yang as China head
KKR has recruited Paul Yang, president and CEO of Taiwan-headquartered China Development Financial Corporation (CDF), to become head of Greater China. He will continue the firm’s efforts to broaden its business locally and participate up and down the...
Singapore's Grab raises $750m round led by SoftBank
Singapore-based taxi-hailing app provider Grab has raised a $750 million round of funding led by Japanese technology giant and long-term strategic partner SoftBank.
Equis targets $500m in Indonesia renewables projects
Equis has signed a wind power offtake deal with an Indonesian electricity supplier as part of a $500 million renewable energy project package.
Northern Light leads Series B for China's TenNor Therapeutics
Northern Light Venture Capital (NLVC) has led a $25 million Series B funding round for TenNor Therapeutics, a Chinese drug developer specializing in infectious diseases.
Bessemer leads $15m round for India's Swiggy
Bessemer Venture Partners has led a $15 million Series D round for Indian online food delivery start-up Swiggy.
China LeEco's smart car unit raises $1b
Leshi Internet Information and Technology, also known as LeEco, has raised $1.08 billion for its self-driving electric car project.
IFC proposes $25m commitment to Maison's China fund
The International Finance Corporation (IFC) is considering an investment of up to $25 million in Maison Capital’s debut US dollar-denominated China fund, which has an overall target of $200 million.
ChrysCapital leads $149m round for India's Hero FinCorp
Indian non-banking financial company (NBFC) Hero FinCorp has raised more than INR10 billion ($149 million) from investors including ChrysCapital, Credit Suisse and its parent, the Hero Group.
Linear Venture closes $70m China early-stage VC fund
Linear Venture, a Chinese early-stage VC firm founded by former Facebook and JD.com employees, has closed its second fund – which comprises US dollar and renminbi-denominated tranches – with approximately $70 million in aggregate commitments.
Qiming backs China rehabilitation services provider
Qiming Venture Partners has invested an undisclosed sum in LIH Investment & Management, a Beijing-based healthcare company that specializes in providing rehabilitation services.
Singapore's ViSenze raises $10.5m Series B
ViSenze, an e-commerce-focused artificial intelligence (AI) company based in Singapore, India and the US, has completed a $10.5 million Series B funding round led by Rakuten Ventures, WI Harper and Enspire Capital.
Multiples raises $690m for second India fund
Multiples Alternative Asset Management has reached a final close of $690 million on its second India-focused fund, beating the target of $650 million.
Quadrant buys Australia-based Jetts Fitness
Australia’s Quadrant Private Equity has made its fifth new investment within four weeks – and its second in the fitness club space – with the purchase of gym operator Jetts Fitness.
Careful targeting key to Philippines M&A – AVCJ Forum
Efforts to increase foreign M&A activity in the Philippines at later investment stages depend on targeting the right kinds of companies and understanding their needs, industry participants told the AVCJ Philippines Forum.
Singapore's JFDI abandons accelerator program
Singapore-based Joyful Frog Digital Incubator (JFDI) has closed its pioneering accelerator program as part of a corporate restructuring.
Ex-Sailing Capital partner Michael Weiss joins China's Sanpower
Michael Weiss, formerly a partner and managing director at Chinese cross-border PE firm Sailing Capital, has joined Chinese conglomerate Sanpower Group as vice president in the investment department.
MLS, 1955 Capital back US agrochemicals specialist
Crop Enhancement, a US-based company that develops sustainable agrochemicals, has received an $8.5 million Series B round led by the Asia and Americas-focused MLS Capital Fund II and 1955 Capital, a cross-border PE firm set by former Khosla Ventures partner...
India's VC-backed Citrus Pay sold to Netherlands strategic
Citrus Pay, an India-based online and mobile payment solutions developer backed by Sequoia Capital, Ascent Capital and Beenos, has been acquired by Netherlands-based rival PayU.