Ascent Capital has reached a USD88m final close for its Ascent Myanmar Growth Fund. The vehicle will make 10-15 investments in SMEs active in the consumer, education, financial services, health care, technology, media, and telecommunications sectors in Myanmar. Read more… Read More
Horizon Capital’s EEGF II has increased its stake in Ukraine-based fiber infrastructure and digital services provider Datagroup from 73.46% to 96.13%. As a result of the transaction, the company’s founder and other minority investors have fully exited Datagroup. Details of the transaction were not disclosed. Read more… Read More
Yingke Private Equity has reached a USD1.5b final close for the Yingke China Core Asset Strategic Allocation Fund, a vehicle focused on investments in core technology and biomedical science assets in China. Read more… Read More
GIC has agreed to acquire a 17.5% stake in AC Energy Philippines, a Philippines-based renewable energy platform, for USD412.5m. Read more… Read More
Ontario Teachers’ Pension Plan Board and Abu Dhabi Investment Authority have committed USD1.25b to Equis Development, a Singapore-based renewable energy and waste infrastructure developer and operator. Read more… Read More
Legend Capital and Lyfe Capital led a CNY1.5b (approximately USD226.6m) Series B for China-based biotech firm RecBio, with participation from Sequoia Capital and Temasek’s Vertex Ventures. Other investors include China’s HT Capital, Co-Stone Asset Management, Yuanbio Venture Capital, Qingsong Capital, and China Everbright Limited. Read more… Read More
MBK Partners has agreed to invest HKD1.7b (approximately USD228m) in Hong Kong-listed China Rental Car from Ucar for a 20.9% stake. Read more… Read More
DCL Investments has reached a CNY3b (approximately USD455m) final close for its latest RMB-denominated fund focused on distressed investment opportunities in China. Read more… Read More
Qualcomm Ventures and monashees led an undisclosed Series A for Brazil-based edge computing platform Azion. Read more… Read More
SoftBank-backed Grab led a USD100m Series B for Indonesia-based fintech LinkAja, with participation from Telkomsel, BRI Ventura Investama, and Mandiri Capital Indonesia. Read more… Read More
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