The Carlyle Group has applied for regulatory approval to acquire a 26% stake in Taiwan-based sushi chain Zhengxian, also known as Sushi Express.
Hong Kong-based insurer FWD Group and Malaysia’s Artem Ventures have set up a MYR 45m (USD 10.2m) VC fund focused on insurance technology and Islamic financial technology in Malaysia.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Temasek Holdings has launched an internal review into the circumstances that led to its investment in collapsed cryptocurrency exchange FTX, but Singapore’s deputy prime minister refused to criticise the organisation’s governance structures.
3one4 Capital, an India-based early-stage investor, has launched its fourth venture capital fund with a target of USD 200m. It raised the same amount in the previous vintage.
XanPool, a Hong Kong-based cross-border payments infrastructure provider, has raised USD 41m from new investor Target Global and existing backer Antler Elevate.
Five Australian superannuation funds have backed a AUD 30m (USD 20.4m) investment in local Wi-Fi chipmaker Morse Micro, extending a recent Series B round to AUD 170m.
KKR has completed its tender offer for Hitachi Transport Systems, having secured a 51.1% stake in the third-party logistics (3PL) provider at a valuation of JPY 749.5bn (USD 5.4bn).
More than half of family offices in Asia Pacific plan to increase their exposure to private equity funds next year, according to a survey conducted by Raffles Family Office and Campden Wealth.
Australia’s AirTree Ventures and US-based Greycroft have led a AUD 23m (USD 15.5m) investment in Melbourne-based fraud prevention platform FrankieOne, lifting its Series A round to AUD 45.7m.
Singapore-based insurance technology start-up Igloo has added USD 27m to an initial USD 19m in Series B funding raised in March. Swiss impact investor BlueOrchard led the extension.
Dongfang Jingyuan Electron (DJEL), a China-based semiconductor equipment and software provider, has raised CNY 1bn (USD 139m) from an investor group that includes Green Pine Capital Partners and CoStone Capital.
Swee Yeok Chu, CEO and president of Singapore government investor EDBI, is stepping down from her role with a view to launching her own fund.
Singapore-based early-stage VC firm and accelerator Iterative has closed its second Southeast Asia fund with USD 55m in commitments.
US-based growth-stage technology investor Vistara Growth has joined Queensland Investment Corporation in an AUD 36m (USD 25m) round for Vald, an Australian start-up that supplies performance-tracking technology to a host of professional sports teams.
Asian private equity has moved on from chasing momentum plays, with GPs increasingly pursuing opportunities where they have domain expertise and know they can add value, the AVCJ Private Equity & Venture Forum heard.
Asia Partners, a Singapore-based private equity firm focused on growth-stage technology investments, is targeting USD 600m for its second fund.
Proterra Investment Partners has reached a final close on a Singapore-domiciled fund that will make food-related investments across Asia with more than USD 200m in commitments.
FreeTech, a developer of assisted driving solutions, has raised nearly USD100m in Series B funding led by Chaos Investment.
East Ventures has led a USD 13m Series A round for Indonesia’s TipTip, a marketplace that connects digital media content creators and their fans.
Primavera Capital Group is looking to raise USD 300m for a private credit fund as the China-focused private equity firm continues to diversify its offering by geography and strategy.
Japanese venture capital firm Jafco has announced a JPY 42bn (USD 305m) share buyback programme that will take out positions held by investors with ties to activist investor Yoshiaki Murakami.
China-based CMC Capital has exited the bulk of its remaining stake in City Football Group (CFG), a series of football clubs built around the Manchester City brand, with CMC founder Ruigang Li vacating his seat on the company’s board.
Abu Dhabi Investment Authority (ADIA) will provide Singapore private equity real estate manager SC Capital Partners up to USD 2bn for equity investments in Asia data centres.