San Francisco Employees’ Retirement System (SFERS) has approved a total commitment of USD125m to funds managed by Asia Alternatives and Hillhouse Capital. Specifically, SFERS has agreed to invest up to USD50m in Asia Alternatives Capital Partners VI and up to USD75m in Hillhouse Fund V and Hillhouse Focused… Read More
KaszeK Ventures and Qualcomm Ventures led a USD30m Series C for Nuvemshop (also known as Tiendanube), an Argentina-based e-commerce platform for SMEs with offices in São Paulo and Buenos Aires, with participation from FJ Labs, IGNIA, Elevar Equity, and Kevin Efrusy. Read more… Read More
PTT Oil, Retail Business Public Company, Durbell, and Krungsri Finnovate led a USD200m Series D for Thailand-based e-commerce logistics provider Flash Express, with participation from existing shareholders eWTP Fund, Gaorang Capital, and Cloud Angel Fund. Read more… Read More
Monk’s Hill Ventures led a USD2m Series A for Malaysia-based on-demand freelancer platform GoGet. Read more… Read More
Delta Capital Myanmar and Daiwa PI Partners have jointly invested USD12.6m in Commercial Plastics Company, a Myanmar-based plastic bottle recycler. Delta invested through its Myanmar Opportunities II and Daiwa invested through its Myanmar Growth Fund. Read more… Read More
Tencent led a USD100m Series E2 for China-based edtech Huohua Siwei, with participation from the Carlyle Group and Chinese edtech Yuanfudao. KKR led the company’s USD150m Series E1 in August 2020. Read more… Read More
Actis has agreed to acquire a controlling stake in South Africa-based fiber network operator Octotel at an enterprise valuation of ZAR2.3b (approximately USD140m). At the same time, Actis has also agreed to acquire a minority stake in South Africa-based internet service provider RSAWEB. The two investments, both pending… Read More
Gaorong Capital has reached a USD1.15b final close for its fifth USD-denominated fund. Gaorong Partners Fund V, the main fund, received USD1b and Gaorong Partners Fund V-A, a side fund, received USD150m. Gaorong Capital focuses on early- and growth-stage investments in technology, enterprise services, fintech, and retail. Read More
A consortium of investors led by PAG and including CX Partners and Samara Capital has acquired a majority stake in Anjan Drug, an India-based manufacturer of active pharmaceutical ingredients, for an undisclosed amount. Read more… Read More
Shorooq Partners led a USD2.3m pre-seed round for Saudi Arabia-based B2B e-commerce marketplace Retailo, with participation for 500 Startups and 92 Ventures. Read more… Read More
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