News
500 Startups Japan rebrands, launches $45m fund
The Japan-based team of 500 Startups has spun out a separate firm called Coral Capital and announced a debut fund with about $45 million in commitments.
HarbourVest promotes Minjin Chung to managing director
HarbourVest Partners has promoted Minjin Chung (pictured), a principal based in Korea, to the level of managing director with responsibility for North Asia.
Australian LPs strengthen GP ties through co-investment - AVCJ Forum
Australian LPs want to establish deep relationships with portfolio GPs – where they can play an additive role in the investment management process – and see co-investment as one of the best ways of achieving this.
Australia's Future Fund recruits Alicia Gregory as PE head
Australia’s Future Fund has appointed Alicia Gregory as its new head of private equity. She currently occupies the same position at MLC, operator of the country’s largest retail superannuation fund.
CDPQ to invest $255m in Edelweiss' India NBFC
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest INR18 billion ($255 million) in ECL Finance, a non-banking finance company (NBFC) owned by India’s Edelweiss Group.
KKR-owned AVC backs Coles' Australia liquor retail business
KKR-owned hospitality venue operator AVC has agreed to invest A$200 million ($141 million) in a joint venture with the liquor business of Australia supermarket Coles.
Salesforce launches $50m Australia VC fund
US-based enterprise software giant Salesforce has launched a $50 million venture capital fund focused on Australian technology start-ups.
VCs invest $10m in Chinese positioning technology provider
China and US-based startup Kolmostar, which provides positioning technology such as GPS for internet-of-things (IoT) devices and autonomous vehicles, has raised $10 million in a new round of funding led by AB Initio Capital Management.
Chinese electronic contract services provider raises $59m
Fadada, a China-based electronic contract services provider, has raised RMB389 million ($59 million) in a Series C round of funding led by Tiger Global Management and Tencent Holdings.
Astra commits $100m to Go-Jek's Series F
Astra International, an Indonesian conglomerate that controls the country’s largest automotive distributor, has agreed to invest $100 million in the first tranche of a Series F round for ride-hailing and delivery platform Go-Jek.
UOB leads $65m Series B for Indonesia's Halodoc
Singapore-based United Overseas Bank (UOB) has led a $65 million Series B round for Indonesian healthcare technology provider Halodoc.
AirAsia sets up venture capital fund
Malaysia’s AirAsia has launched a venture capital fund in partnership with US-based 500 Startups that will focus on digital Southeast Asian businesses in travel, logistics and financial technology.
KKR hires Goldman's Asia ex-Japan investment banking head
KKR has appointed Kate Richdale, formerly chairman of investment banking for Asia ex-Japan at Goldman Sachs, to the new position of head of strategy and business development for Asia Pacific.
Multiples targets $920m for third India fund
Multiples Alternate Asset Management is seeking INR65.3 billion ($920 million) for its third India-focused private equity fund.
Chinese recruitment SaaS provider Moka raises $27m
Hillhouse Capital has led a RMB180 million ($27 million) Series B round for Chinese smart recruitment solutions provider Moka.
Tiger, Matrix lead $56m round for EV spin-out of India's Ola
Tiger Global Management and Matrix Partners India have co-led a INR4 billion ($56.3 million) investment in an independent electric vehicle (EV) company spun out from Indian ride-hailing platform Ola.
Carlyle invests $653m in India’s SBI Life
The Carlyle Group has acquired a 9% stake in India-listed life insurance company SBI Life for INR46.4 billion ($653 million).
PE-backed logistics platform ESR files for Hong Kong IPO
ESR, a pan-Asian logistics and fund management platform that was seeded by Warburg Pincus, has filed for an IPO in Hong Kong.
Sina invests $30m in Chinese fintech player Shuhe
Shuhe Technology, a Chinese consumer financial services start-up that provides installment repayment plans for credit card holders, has raised $30 million in Series B funding from Sina, a local internet company that operates microblogging site Weibo.
Singapore investors launch $100m fintech fund
Singapore-based investors Quantum Energy Asset Management and RE Lee International Capital have launched a fund targeting $100 million for early to growth-stage financial technology start-ups.
Japan launches space start-up accelerator
Several venture capital firms, including Global Brain, are participating in a Japanese government-backed accelerator program for space start-ups.
A91 seeks $330m for debut India VC fund
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, is seeking $330 million for its debut fund.
Chinese apartment rental service Danke raises $500m
Chinese start-up Danke Apartment, operator of an online platform that connects landlords with long-term rental tenants, has raised $500 million in a Series C round led by Tiger Global Management and Ant Financial.
CDH targets $1b for second China growth fund
CDH Investments is seeking approximately $1 billion for its second China growth fund, just over two years after raising $800 million for the debut vehicle.