News
IFC proposes investment in China-listed credit union
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed an investment of up to RMB130 million ($19 million) in Chinese listed bank Qiongzhong Rural Credit Cooperative.
500 Startups appoints Edith Yeung as Greater China partner
Silicon Valley-based early-stage investor 500 Startups has appointed Edith Yeung as Greater China partner, replacing Rui Ma who left the firm last year to launch her own fund.
China's CITIC Group launches $873m education fund
An investment unit of Chinese conglomerate CITIC Group has launched a RMB6 billion ($873 million) buyout fund that focuses on China's education sector.
Global Brain backs Japan cybersecurity, driverless car play
Global Brain has led a Series A funding round of undisclosed size for Trillium, a Japanese cybersecurity company focused on the emerging autonomous vehicle industry.
Ex-CHAMP Ventures, Quadrant executives raise $211m fund
Three former CHAMP Ventures executives have teamed up with George Penklis, a co-founder of Quadrant Private Equity, to raise a A$275 million ($211 million) Australia and New Zealand middle-market fund.
Morgan Stanley PE Asia backs China XD Plastics take-private
Morgan Stanley Private Equity Asia (MSPEA) and the chairman and CEO of China XD Plastics have submitted a take-private offer that values the US-listed specialty chemicals player at approximately $260 million.
Kalaari leads $15m round for India's Urban Ladder
Kalaari Capital has led a INR1 billion ($15 million) funding round for Indian online furniture retailer Urban Ladder.
Hillhouse, FountainVest target China jobs site Zhaopin
Hillhouse Capital and FountainVest Partners are seeking to buy Zhaopin in a deal worth more than $1.1 billion, working in partnership with Australia’s Seek, the majority shareholder in the Chinese recruitment website.
IAG launches fintech incubator in Singapore
Insurance Australia Group (IAG) has agreed to establish a financial technology incubator in Singapore to focus on promoting start-ups targeting innovation in the insurance industry.
Singapore's CapBridge launches $100m VC fund
Singapore-based investor CapBridge Investment Trust (CIT) is targeting $100 million for a growth-stage VC fund that aims to improve access to established start-ups for institutional investors.
China's Shunwei makes debut India investment
China’s Shunwei Capital Partners has made its first investment in India, contributing $3 million to the second tranche of a Series A round for used car trading platform Truebil.
Bain credit unit buys Australia aged care business
Bain Capital Credit has agreed to buy Craigcare, a residential care provider and retirement village operator in Western Australia.
Private debt player Pricoa establishes a presence in Australia
Pricoa Capital Group, a private debt investment group under PGIM, Prudential Financial’s global asset management business, has established a team in Sydney to target middle market opportunities in Australia and New Zealand.
SAIF completes exit of India's MakeMyTrip
SAIF Partners has exited its remaining stake in US-listed Indian online travel agent MakeMyTrip.
China's Baidu acquires VC-backed AI player Raven Tech
Chinese search giant Baidu has acquired Beijing-based Raven Tech, an artificial intelligence (AI) start-up backed by several VC investors, for an undisclosed sum.
Hong Kong's Kerogen makes Israel energy investment
Kerogen Capital, a Hong Kong-headquartered GP specializing in international energy investments, has committed an initial $50 million to a planned $1.3 billion development in gas fields off the coast of Israel.
VCs commit $60m to US VR firm for Asia push
Several Asian VC investors have joined a $60 million Series D round for US-based virtual reality (VR) and digital cinematography technology developer Lytro to support its expansion into Asia.
NLVC leads $18m round for China clothing rental site
Northern Light Venture Capital (NLVC) has led an $18 million Series A round of funding for Ms. Paris, a Chinese online fashion rental company.
Moelis leads Series B for Australia's Rokt
Rokt, an Australia-based start-up that provides digital marketing services to e-commerce companies, has received a $15 million Series B round of funding led by Moelis Australia Asset Management.
Singapore's mClinica raises $6.3m Series A round
US-based venture capital firm Unitus Impact has led a $6.5 million Series A funding round for Singaporean healthcare technology start-up mClinica.
Blackstone's India co-head leaves to run own firm
Matthew Cyriac (pictured), co-head of The Blackstone Group’s India private equity team, has left the firm to run his own asset management business.
HG Capital invests $23m in Chinese CRO firm
Chinese private equity firm HG Capital has led a RMB160 million ($23 million) round of funding for Beijing Nuokangda Pharmaceutical Technology, a contract research organization (CRO).
IFC proposes $15m investment in India's Clean Max
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $15 million to Indian solar power company Clean Max Enviro Energy Solutions.
India's PE-backed ReNew raises $200m from Japan strategic
Indian PE-backed renewable energy producer ReNew Power Ventures has raised $200 million from Japanese energy producer JERA.