Temasek Holdings
Polaris leads $27m round for Singapore's Engine Biosciences
US healthcare and life sciences growth investor Polaris Partners has led a USD 27m Series A round for Singapore-based cancer medicine developer Engine Biosciences.
Temasek leads $27.5m round for India space tech player
Temasek Holdings has led a INR 2.25bn (USD 27.5m) pre-Series C round for Indian rocket developer and launch services start-up Skyroot Aerospace.
PE-backed J&T Express raises $499m in Hong Kong IPO
J&T Global Express, an express delivery business that launched in Indonesia and expanded region-wide, traded flat on debut following a HKD 3.9bn (USD 499m) Hong Kong IPO.
LeapFrog eyes February close, claims significant progress on fundraise
Impact investor LeapFrog Investments expects to close its fourth flagship fund in February, with a source close to the situation adding that "a significant share" of the targeted USD 1bn has already been raised.
Temasek's True Light Capital raises $3.3b China fund
True Light Capital, a Singapore-based asset manager established by Temasek Holdings, has raised USD 3.3bn for a fund that invests in companies that have a nexus to or a major business relationship with Greater China.
Alibaba confirms Hong Kong IPO plan for logistics unit
Alibaba Group’s logistics unit has filed for an IPO in Hong Kong, potentially creating liquidity events for private equity backers such as Yunfeng Capital, Primavera Capital Group, and Princeville Global, as well as for GIC, Temasek Holdings, and Khazanah...
LPs call for discipline on valuations, exits from China GPs - AVCJ Forum
Some LPs have increased their return expectations for Chinese private equity, and they are calling on local managers to be more disciplined on entry valuations and more tenacious on exits in the hope that these higher thresholds can be met.
Vietnam's VNG files for US IPO
Vietnam-based VNG, operator of the country’s largest mobile game publishing platform and largest messaging app, has filed for an IPO in the US.
TPG, Temasek add $80 to India's Dr Agarwal's
TPG Growth and Temasek Holdings are funding a USD 80m expansion drive for existing investee Dr Agarwal’s Eye Hospital that will see the Indian eyecare chain double its footprint to 300 hospitals.
Legal action accuses investors of aiding and abetting FTX fraud
Temasek Holdings and SoftBank Group are named in a US class-action lawsuit that claims investors aided and abetted fraud at collapsed crypto exchange FTX.
Australia's Main Sequence hits $305m first close on Fund III
Australian deep tech VC firm Main Sequence has reached a AUD 450m (USD 305m) first close on its third fund, bringing overall funds under management to about AUD 1bn.
Valuation adjustments hit Temasek's returns
Singapore’s Temasek Holdings flagged the abrupt reversal of a two-year ramp-up in valuation gains on its global direct investments across technology, healthcare, and payments on posting its worst annual return since 2016.
Portfolio: True North and Integrace
True North has spent five years transforming Integrace from a low-margin drug portfolio into a broader, better-performing platform with digital capabilities. The M&A story isn’t finished yet
Indonesia's eFishery closes $200m Series D
Indonesian aquaculture start-up eFishery has closed a USD 200m Series D round led by Abu Dhabi-based 42XFund and featuring Northstar Group and 500 Global.
PE-backed Lu Daopei Medical files for Hong Kong IPO
Lu Daopei Medical Group Holding, which runs a network of hospitals in China that specialise in the treatment of blood diseases, has filed for a Hong Kong IPO.
Vertex China closes Fund V on $390m
Vertex Ventures China, an early-stage investor affiliated with Temasek Holdings-owned Vertex Holdings, has closed its fifth flagship fund with USD 390m in commitments.
Deal focus: Atomberg basks in consumer breakthrough
Home appliances manufacturer Atomberg defied the naysayers in building a hardware-focused consumer brand out of India. Its USD 86m Series C will support product and capacity expansion
Australia’s Real Pet Food taps investors for equity injection
Hosen Capital, New Hope Group, and Temasek Holdings have led a AUD 248m (USD 161.2m) equity injection into Australia-based chilled pet food supplier Real Pet Food to pay down debt and support growth.
Singapore’s Temasek punishes staff for FTX investment
The investment and senior management of Singapore’s Temasek Holdings will receive reduced compensation in recognition of the write-down of an investment in collapsed cryptocurrency exchange FTX despite an independent internal review finding no evidence...
Asia private credit: Muffled momentum
The conservative virtues of private credit relative to private equity have come into fashion in a risk-off world. But global participation in the Asian side of the story will be limited
India home appliance manufacturer Atomberg raises $86m
Steadview Capital and Singapore’s Temasek Holdings have led a USD 86m funding round for Atomberg Technologies, an India-based home appliances manufacturer best known for its electric motor fans.