Apis Partners, an Africa- and Asia-focused private equity fund manager focused on financial services and fintech opportunities, has reached a final close for its second fund with USD563 million in capital commitments. Investors in the fund include global banks, funds of funds, pension funds, sovereign wealth funds, family offices, insurance… Read More
Indonesia-listed satellite television company MNC Vision Network has agreed to acquire a majority stake in Indonesia-listed fixed broadband and cable television provider Link Net from its parent company First Media and private capital fund manager CVC Capital Partners. CVC first acquired a stake in Link Net through the purchase of… Read More
Circulate Capital, a South Asia- and Southeast Asia-focused investor in ocean plastic prevention, has reached a USD106 million first close for Circulate Capital Ocean Fund. Investors in the fund include multinational corporations PepsiCo, Procter & Gamble, Dow Chemical Company, Danone, Unilever, The Coca-Cola Company, and Chevron Phillips Chemical Company. The… Read More
Global venture capital firm Sequoia Capital has reached a final close for its latest China-focused funds with USD2.35 billion in aggregate commitments. Sequoia Capital China Growth Fund V raised USD1.8 billion from 130 investors while Sequoia Capital China Venture Fund VII secured USD549.5 million from 128 investors. This latest fundraise… Read More
Global private markets asset manager Hamilton Lane has reached a final close for Hamilton Lane Brazil Fund II with BRL250 million (approximately USD59 million) in capital commitments. Investors in the fund include Brazil-based public and private pension funds and high-net-worth individuals. The fund will invest in primary, secondary, and co-investment… Read More
Central and Eastern Europe-focused private equity firm Jet Investments has agreed to sell its 100 percent stake in Czech Republic-based steel forging specialist MSV Metal Studénka to MORAVIA STEEL, a Czech Republic-based industrial group. Jet originally invested in MSV Metal Studénka, which produces custom forgings and components for rail vehicles,… Read More
China-focused growth capital fund manager Loyal Valley Capital has reached a final close of its second USD-denominated fund with USD465 million in commitments. Investors in the fund include Singaporean sovereign wealth fund GIC. The fund will focus on growth opportunities in domestic consumer brands, health care, specialty industrials, and financial… Read More
China-based data center operator Tenglong Group has secured RMB26 billion (approximately USD3.7 billion) in an investment round led by Morgan Stanley Private Equity Asia (MSPEA) and Chinese state-owned conglomerate China Nanshan Development Group. Additional investors include China-focused private equity investor Kaiyuan Capital, China-listed financier Haitong Unitrust International Leasing, and Huaneng… Read More
FinAccel, a Singapore-based fintech company operating in Indonesia under the Kredivo brand, has raised USD90 million in a Series C funding round led by Asia-focused venture capital fund manager Square Peg and Mirae Asset-Naver Asia Growth Fund, an investment vehicle established by global asset manager Mirae Asset Global Investments and… Read More
Global venture capital firm Accel Partners has reached a final close for its sixth India-focused fund with USD550 million in commitments. The fund will target seed and early-stage venture capital opportunities in sectors including food delivery, digital payments, e-commerce, agtech, education, insurance, logistics, health care, real estate, and manufacturing. Read More
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