News >> Funds
Japan’s J-Star promotes two to partner
Japanese GP J-Star has promoted Yuki Kashiyama, an investment professional in the operating team, and Tomoko Ando, who works in the administration team, to partners.
CLSA exits Japanese used car auction operator
CLSA Capital Partners, the alternative asset management arm of Hong Kong-headquartered brokerage and investment group CLSA, has fully exited its stake in Japanese used car auction operator Mirive.
Singapore’s Paktor raises $10m for Japan, Korea expansion
Paktor, a Southeast Asia-focused mobile dating app, has raised $10 million in a new round of funding led by Japan’s YJ Capital, the corporate venture arm of Yahoo Japan.
IIFL, Accion lead round for Indian fintech startup NeoGrowth
IIFL Asset Management and Accion Frontier Inclusion Fund have led a funding round of an undisclosed amount in Indian small retailer-focused fintech start-up NeoGrowth.
Japan's SmartNews secures $38m Series D
Tokyo-based news discovery app SmartNews has raised $38 million in a Series D round led by Development Bank of Japan.
Everbright mezzanine fund backs western China education player
China Everbright has invested an undisclosed sum in Sichuan Hope Education Group, which claims to be the largest private education provider in western China, through its renminbi-denominated mezzanine fund.
Gopher, Perfect World launch $300m China media M&A fund
Gopher Asset Management, the PE arm of Noah Holdings, has teamed up with Chinese movies-to-gaming company Perfect World to launch a media and culture M&A fund that has a target of RMB2 billion ($300 million).
Farallon raises $1.1b for Asia, Latin America special situations fund
Farallon Capital Management has closed its third special situations fund focused on Asia and Latin America at $1.1 billion.
India's Carlyle-backed PNB Housing Finance files for IPO
PNB Housing Finance, the mortgage lender subsidiary of India's state-run Punjap National Bank that is backed by The Carlyle Group, has filed for a INR25 billion ($370 million) IPO.
Australia's Alchemy Ventures launches $150m fund
Australian venture capital firm Alchemy Ventures has launched a A$200 million ($150.3 million) fund that will focus largely on regional start-ups specializing in electric vehicle (EV) batteries.
Alibaba acquires VC-backed Chinese app platform Wandoujia
Alibaba Group has bought China-based Android mobile app platform Wandoujia - which has several VC and PE investors, including DCM Ventures and Goldman Sachs - for an undisclosed sum.
Sequoia leads $70m round for China cloud services specialist
Existing investor Sequoia Capital China has led a $70 million Series C round for Yuntongxun, a Chinese provider of cloud-based services for corporate communications, followed by TrustBridge Partners.
Legend spin-out Joy Capital raises $200m for VC fund
Joy Capital, a Chinese venture capital firm that spun out from Legend Capital, has raised $200 million for its debut fund.
Gobi leads $3m round for Australia's Airwallex
Gobi Partners has led a A$5 million ($3 million) round of funding for Australia-based digital payment services developer Airwallex.
WuXi, Boyu, Oriza commit $150m to China's CStone
WuXi Healthcare Ventures, Oriza Seed Venture Capital, and Boyu Capital have committed $150 million in Series A funding to Chinese bio-pharmaceutical developer CStone Pharmaceuticals.
DCM closes Asia-US fund at $500m hard cap
DCM has closed its latest global fund, which primarily targets investments in China and the US, at the hard cap of $500 million.
US-based Ayla gets $39m round for Asia expansion
Chinese boutique investment bank and asset manager Ants Capital has led a $39 million Series C round for Ayla Networks as the US-based internet-of-things (IoT) company consolidates its Asian footprint.
IL&FS targets $500m India infrastructure fund
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing & Financial Services, is raising a $500 million fund to invest in domestic road and energy projects.
First Reserve JV buys SE Asia oil industry servicing vessel
A joint venture controlled by energy-focused private equity firm First Reserve has acquired an 80% stake in a Southeast Asia servicing oil tanker for $166.3 million.
Mandala buys India's EFRAC for $10m
Mandala Capital, a South-Asia focused PE firm that invests in the agricultural sector, has paid $10 million for a 51% stake in Indian testing laboratory EFRAC.
China Everbright, IDG launch $3b M&A fund
China Everbright (CEL) and IDG Capital Partners have launched a joint M&A investment fund of at least RMB20 billion ($3 billion) in size that will support the growth of companies in China and overseas.
Intel Capital appoints Anthony Lin as Asia head
Intel Capital has named Anthony Lin, who has been with parent company Intel Corp’s M&A team since 2008, as managing director and head of Asia.
China consumer data analysis business gets $20m Series A
GrowingIO, a Chinese data analysis company founded by executives from LinkedIn’s business analytics division, has raised a $20 million Series A round from Matrix Partners China, NEA and Greylock Partners.
China Mobile fund leads $100m round for job site Liepin
A fund launched by China Mobile in partnership with the State Development & Investment Corporation (SDIC) has led a $100 million Series D round of funding for online recruitment services provider Liepin.com.