News
Chinese eye hospital chain Chaoju raises $59m
Chinese eye hospital chain operator Chaoju Ophthalmology has raised RMB400 million ($59 million) in a Series B round of funding backed by Orchid Asia Group and River Head Capital.
Asia PE investment hits $183b in 2018
Private equity investment in Asia slowed to $183.3 billion in 2018 – from $207.3 billion the previous year – as a decline in large-scale buyout activity offset a surge in late-stage rounds for technology companies.
Baring Asia receives $25m LP commitment from LACERS
The Los Angeles City Employees’ Retirement System (LACERS) has committed $25 million to Baring Private Equity Asia’s seventh pan-regional fund, the same amount it committed to the GP’s previous vehicle.
Ping An, CITIC invest China's Airdoc
Ping An Insurance and CITIC Group have made a Series B investment of undisclosed size in Airdoc, a Chinese medical services company that uses artificial intelligence (AI).
China’s Yimidida raises $266m Series D
Chinese logistics firm Yimidida has raised RMB1.8 billion ($266.1 million) in a Series D round of funding led by Boyu Capital.
US, China-based Apollomics raises $100m Series B
CMB International Capital, a private equity unit of China Merchants Bank, has led a $100 million Series B round for US and China-based biopharmaceutical developer Apollomics.
Chinese cancer database provider Medbanks raises $59m
Beijing and Shanghai-based Medbanks, an information service provider specializing in cancer care, has raised RMB400 million ($59 million) in Series C funding led by CLP Fund.
Sequoia, HighLight lead $80m round for China's BrightGene
Sequoia Capital China and HighLight Capital have led a RMB550 million ($80 million) pre-IPO funding round for BrightGene Bio-Medical Technology, a Chinese developer of innovative and generic drugs. An investment unit of GF Securities also participated.
TPG, CICC establish dual currency China investment platform
TPG Capital and CICC Capital, the private equity arm of China International Capital Corporation (CICC), have agreed to establish a joint platform that will make investments in US dollars and renminbi.
Sequoia leads $40m round for Indian edtech company
Sequoia Capital India has led a $40 million Series C funding round for Eruditus Executive Education, a developer of education technology based in India, with participation by existing investor Bertelsmann India Investments.
Wooseok Jun to lead ICG Asia Pacific
Wooseok Jun, currently managing director and head of South Korea at Intermediate Capital Group (ICG), has been named head of Asia Pacific for the firm. He replaces Chris Heine, who retired at the end of 2018.
GIC, Mizuho invest $265m in Vietcombank
GIC Private has invested in Vietcombank through a joint deal with Mizuho Bank worth VND6.2 trillion ($265 million), underlining the strong interest among private and strategic investors in Vietnam’s financial sector.
SunBridge exits Marketo's Japan JV to Adobe
SunBridge Partners, a US-based VC firm that helps companies access Japan, has exited its position in a Japanese joint venture (JV) with B2B cloud technology provider Marketo to Adobe.
Macquarie's Luboff to head KKR Asia infrastructure business
KKR has named David Luboff, a former senior managing director of Macquarie Infrastructure and Real Assets (MIRA), to head its Asia infrastructure investment operations.
China’s Zhiyun Health nets $100m Series C round
Chinese online healthcare services provider Zhiyun Health has raised $100 million in a Series C round of funding across two tranches.
China wearables player Nreal confirms $15m Series A
Nreal, a China-based company that makes advanced virtual reality glasses that resemble normal sunglasses, has raised $15 million in Series A funding from investors including Shunwei Capital.
East Ventures appoints new partner
East Ventures has appointed Melisa Irene (pictured) as a partner. It is the firm’s first nomination of a woman to that position.
China's K2VC severs ties with spin-out over IP breach
Chinese early-stage investor China Renaissance K2 Ventures (K2VC) has publicly attacked Next Capital - a spin-out from the venture capital firm - for allegedly stealing confidential information.
EQT promotes Brian Chang to partner in Singapore
EQT has confirmed the promotion of Singapore-based Brian Chang to partner. He will be responsible for mid-market activity in Asia.
ChrysCapital raises $867m for eighth India fund
Indian private equity firm ChrysCapital has closed its eighth fund at $867 million. The vehicle was oversubscribed and the fundraising process took four months.
Qihoo B2B software spin-out raises $132m
360 Enterprise Security, a Chinese B2B internet security software provider that spun-out from Qihoo 360, has closed a Series B round of funding worth RMB900 million ($132 million), achieving a valuation of RMB20.6 billion.
Aion acquires BPO arm of India's Interglobe
Aion Capital Partners, a special situations joint venture between Apollo Global Management and ICICI Venture, has acquired Interglobe Technologies (IGT), the business process outsourcing (BPO) division of Indian travel conglomerate Interglobe Enterprises.
China Everbright closes global fund at $539m
China Everbright has reached a final close of $539 million on its cross-border investment fund, with the commitments coming from corporate investors, family offices, and fund-of-funds.
Investors turn to private markets amidst downturn fears - survey
Asian institutional investors are looking to increase allocations to private markets in order to mitigate the risks of a potential economic downturn, a new survey has found.
