Singapore-based private equity firm Asia Partners completed a second close of its debut fund, Asia Partners I LP, at USD118m. The fund is looking to make investments starting at USD20m in post Series B rounds for Southeast Asian tech startups. Read more»… Read More
Existing investors B Capital Group (run by Facebook founder Eduardo Saverin) and Accel made a USD105m Series D in Bangalore-based bike- and scooter-rental startup Bounce. Read more»… Read More
Brazil-based VC e.bricks Ventures invested USD9.6m in Acceso Digital, a Brazilian startup providing electronic identity and facial recognition services. Read more»… Read More
UK development finance institution CDC Group committed USD15m to TLcom’s TIDE Africa Fund, a sub-Saharan African-focused VC supporting early-stage high-growth startups. Read more»… Read More
Global alternative asset manager Ares Management agreed to acquire a majority stake in Asia-focused credit and special situations fund manager SSG Capital for an undisclosed amount. The deal is expected to close by the third quarter of 2020. Read more»… Read More
Indian food app provider Zomato acquired Uber’s food delivery business in India in an all-stock transaction, giving Uber 9.99% ownership in Zomato. Read more»… Read More
US-based VC firm Five Elms Capital invested a USD30m Series A in South African field sales management app Skynamo. Read more»… Read More
Investment holding company Kuwait Projects Company (KIPCO) led a USD8.4m Series A in Dubai-based investment advisory platform Sarwa. The Dubai International Financial Center, Abu Dhabi Investment Office, Vision Ventures, Phoeanician Funds, and Mindshift Capital also participated in the round. Read more»… Read More
J.P. Morgan announced the creation of the J.P. Morgan Development Finance Institution (DFI) to expand its development-oriented financing activities in emerging markets. Read more»… Read More
Hong Kong-based Baring Private Equity Asia closed Fund VII with commitments of USD6.5b with the majority of the capital coming from pension funds and sovereign wealth funds. The Asia-focused fund will target health care, education, IT services & software, business services, financial services, consumer, and advanced manufacturing sectors. Read More
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