Hong Kong’s Betatron Venture Group has reached a first close of USD 15m on its latest fund, which will make early-stage investments across South and Southeast Asia. The target is USD 50m.
Hong Kong-based genomic and diagnostic testing business Prenetics slumped on its NASDAQ debut, unable to withstand struggling public markets public markets and weak investor appetite for businesses that merge with US-listed special purpose acquisition...
Bert Kwan, formerly of Northstar Group and Standard Chartered Private Equity (SCPE), has joined Hong Kong-headquartered multi-asset investment firm Silverhorn as head of private equity.
Baring Private Equity Asia (BPEA) has committed USD 10m in Series A funding for a significant minority stake in CBX Software, a Hong Kong-founded product lifecycle management platform provider.
Building on unorthodox roots and a highly concentrated portfolio, EmergeVest wants to establish itself as a global-minded Asia specialist in technology-enabled supply chains
Nexus Point Capital, which makes middle-market control investments in Greater China, has acquired a majority stake in Hong Kong-headquartered freight forwarding business Honour Lane Shipping (HLS).
Hong Kong-based no-code software-as-a-service (SaaS) provider Coherent has raised a USD 75m Series B round led by Maverick Capital.
Gogox, a last-mile logistics company formed through the merger of Hong Kong's GoGoVan and an affiliate of mainland China-based 58.com, has filed to list in Hong Kong
Hong Kong-based FundPark, a VC-backed liquidity provider for e-commerce merchants, has received an asset-backed securitisation (ABS) facility of up to USD 250m from Goldman Sachs.
ShawKwei & Partners has acquired Australia’s Rauxel, a beauty and healthcare industry supplier, for an undisclosed sum. It will be merged with existing portfolio company Icons Beauty Group.
PAG, which has seen its assets under management (AUM) across private equity, credit, and real assets grow 6x to more than USD 50bn in the past decade, has become the first large-cap Asian manager to file for an IPO.
Hong Kong-based digital asset custodian Hex Trust has raised a USD 88m Series B round co-led by local counterpart Animoca Brands and US crypto specialist Liberty City Ventures.
Private equity-owned Fitness First has wound down its Hong Kong business, which accounts for eight out of approximately 90 centres in a network that extends into Southeast Asia, as pandemic-related restrictions took their toll.
Shuge Jiao, CEO of CDH Investments, is chairing a Hong Kong special purpose acquisition company (SPAC) sponsored by one of the China-based private equity firm’s portfolio companies.
ISS Environmental Services is well-positioned as Hong Kong’s preferred provider of portable toilets. But ADV Partners has acquired the business with a view to executing a regional roll-up strategy
A HKD 5bn (USD 640m) strategic tech fund will be established under Hong Kong’s Future Fund as part of an initiative to make direct investments that underpin the territory’s status as a hub for finance, commerce, and innovation as well as generate...
6Waves, a Hong Kong-based mobile game developer that previously received funding from Insight Partners, has been acquired by Swedish gaming studio Stillfront Group for USD 201m, comprising cash and shares.
Blue Owl Capital, a US alternatives manager expanding its Hong Kong operations, has hired Pak-Seng Lai, a managing director at UBS, to head its Asia Pacific private wealth business.
Pitching a niche VC capital secondaries strategy with a meaningful focus on Asia isn’t easy, but Ion Pacific raised nearly 4x more than last time with large family offices well-represented in the LP base
Alibaba Entrepreneurs Fund II, a Greater Bay Area-focused vehicle managed by Gobi Partners, reached a first close of USD 100m at the end of June 2021 and total commitments now stand at USD 120m.
LionRock Capital, an Asian private equity firm that invests in global consumer brands with a China growth angle, is among the first group of sponsors launching special purpose acquisition companies (SPACs) in Hong Kong.
US-based Liberty City Ventures has led a USD 359m round for Hong Kong blockchain media company Animoca Brands at a pre-money valuation of USD 5bn, more than double its valuation in October.
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