GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
General Atlantic Invests USD55m in Indonesian Biotech Kalbe Genexine
General Atlantic has invested USD55m in Indonesia-based biotech firm Kalbe Genexine Biologics, a joint venture between Indonesian pharmaceuticals company PT Kalbe Farma and South Korean biotech developer Genexine. Read More
Stride Ventures Reaches USD48m Final Close for India Venture Debt Fund
Stride Ventures has reached a INR3.5b (approximately USD48m) final close for its debut India venture debt fund. The vehicle will invest in growth-stage companies, with a focus on B2B and D2C companies, in India. Read More
Elbrus Reaches USD260m First Close for Third Russia Fund
Elbrus Capital has reportedly reached a USD260m first close for Elbrus Capital Fund III. The vehicle, which has an initial target of USD600m, will target investments in digital companies in Russia. Read More
TPG Capital’s Matrix Renewables Acquires 154MW Solar Portfolio in Chile
TPG Capital’s renewable energy platform Matrix Renewables has acquired a 154 MW solar portfolio in Chile from Verano Capital for an undisclosed amount. Read More
Linzor Capital Partners Acquires Majority Stake in Colombian Health Care Services Company Sies Salud
Linzor Capital Partners has acquired a majority stake in Sies Salud, a Colombia-based health care services company specializing in HIV treatments. Read More
Qiming Reaches USD441m Final Close for China Health Care and TMT Fund
Qiming Venture Partners has reached a CNY2.85b (approximately USD441m) final close for its CNY-denominated Fund VI. The vehicle will target early- and growth-stage investments in the health care and technology, media, and telecom (TMT) sectors in China. Read More
Temasek, CPE, and IDG Lead USD1.5b Investment in Didi Chuxing’s Freight Unit
Temasek Holdings, CITIC Private Equity, and IDG Capital reportedly led a USD1.5b investment in the freight unit of China-based ride-hailing company Didi Chuxing. Read More
Aspex Management Leads USD200m Series E for Hong Kong’s Travel Booking Platform Klook
Aspex Management led a USD200m Series E for Hong Kong-based travel and leisure booking platform Klook, with follow-on from Sequoia Capital, Softbank Vision Fund I, Matrix Partners China, and Boyu Capital. Read More
CITIC Invests in Chinese Perfume Brand Owner Xiangmiao Trade
CITIC Capital has invested an undisclosed amount in China-based Shanghai Xiangmiao Trade, owner of perfume and home fragrance brand Reclassified. Read More
Trustbridge Partners Leads USD150m Series E3 for Chinese Edtech Huohua Siwei
Trustbridge Partners led a USD150m Series E3 for China-based edtech Huohua Siwei, with participation from Tencent Holdings and Hike Capital. The latest tranche brings the overall Series E funding to USD400m. KKR led the company’s USD150m Series E1 in August 2020 and Tencent led the company’s USD100m Series E2 in October 2020. Read More
Boyu, Primavera, and Hopu Lead USD700m Series D for Chinese AI Technology Developer 4Paradigm
Boyu Capital, Primavera Capital Group, and Hopu Investments led a USD700m Series D for 4Paradigm, a China-based AI technology developer for enterprise customers, with participation from Sequoia Capital China, Goldman Sachs, CPE, Jinyi Capital, and FountainVest Partners. China-UAE Joint Investment Fund, Mubadala Investment, CDB Capital, China Reform Holdings, JIC Technology Investment, CSC Financial, and Haitong Securities were described as participating… Read More
Global Ventures and STV Lead USD2.25m Pre-Series A for Dubai’s Cybersecurity Startup spiderSilk
Global Ventures and STV led a USD2.25m pre-Series A for spiderSilk, a Dubai-based cybersecurity startup specializing in advanced threat detection technology, with participation from angel investors. Read More