Omidyar Network, a global impact investment firm launched by eBay founder Pierre Omidyar that is an active investor in Asia, has spun out its financial technology division into a new VC firm called Flourish Ventures.
WM Motor Technology, a Chinese electric vehicle manufacturer, has raised RMB3 billion ($466 million) in a Series C round of funding led by existing investor Baidu Capital.
Recruitment is the biggest challenge for Australian institutional investors as they look to deepen their participation in private equity, senior executives told the AVCJ Australia & New Zealand Forum.
Bain Capital Private Equity has sweetened a tender offer initiated in January for Japan-listed printing and IT services provider Kosaido. The revised bid values the company at about JPY17.4 billion ($157 million).
Singapore’s GIC Private has agreed to invest INR50 billion ($713 million) in India-based telecommunications provider Bharti Airtel.
MagicStone Alternative Investments (MSA) has reached a first close of $200 million on its second venture capital fund, which will focus on technology companies in China.
Ruhan, an internet celebrity incubator backed by Legend Capital that is said to be the largest business of its kind by revenue in China, has filed to list on NASDAQ.
Quona Capital has led a INR900 million ($12.8 million) investment in Indian microlending platform operator SMECorner.
Funds that are structured to hold assets for extended periods make sense – given the increasing number of companies that want to delay going public or avoid it altogether – but fees remain an issue, institutional investors told the AVCJ Australia...
Bain & Company has appointed Satish Shankar as regional managing partner for Asia Pacific, replacing Dale Cottrell, who has held the position for the past six years.
Southeast Asian ride-hailing and online-to-offline (O2O) services platform Grab has secured a $1.46 billion investment from SoftBank Vision Fund. The commitment brings the capital raised in its ongoing Series H to over $4.5 billion.
The Carlyle Group and Fosun International have joined a INR29 billion ($415 million) Series F round for Indian e-commerce logistics services provider Delhivery led by SoftBank Vision Fund.
Fujian Zongteng Network, a provider of overseas storage and transportation services for Chinese e-commerce players, has raised a RMB700 million ($104 million) round led by GLP and Cathay Capital.
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 Partners has promoted Minjin Chung (pictured), a principal based in Korea, to the level of managing director with responsibility for North Asia.
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 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.
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 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.
US-based enterprise software giant Salesforce has launched a $50 million venture capital fund focused on Australian technology start-ups.
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.
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 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.
Singapore-based United Overseas Bank (UOB) has led a $65 million Series B round for Indonesian healthcare technology provider Halodoc.