China Renaissance, a China-based asset manager, has reached a final close for its Huaxing New Economy Fund III with RMB6.5 billion (approximately USD943 million) in commitments. Investors in the fund include the National Council for Social Security Fund, as well as banks, insurance companies, funds of funds, and endowments. The… Read More
India-focused venture debt fund manager Alteria Capital has reached a final close for its maiden India venture debt fund with INR9.6 billion (approximately USD140 million) in capital commitments. Investors in the fund include IndusInd Bank, the Small Industries Development Bank of India, and the Azim Premji Foundation, as well as… Read More
Rain, a Bahrain-based cryptocurrency exchange platform, has secured a USD2.5 million seed funding round from venture investors 500 Startups and Blockwater; corporate investors BitMEX, Vision Ventures, Taibah Valley, CMT Digital, and Compound.finance; and a number of high-net-worth individuals. The company, which recently obtained its Crypto-Asset Module license from the Central… Read More
Southeast Asia-focused venture capital fund manager Openspace Ventures and SEEDS Capital, the early-stage investment arm of Enterprise Singapore, have led a Series A funding round for Singapore-based sustainable animal feed producer Nutrition Technologies. The company, which uses a combination of bacteria and black soldier fly larvae to extract nutrients from… Read More
China-focused venture capital fund manager Joy Capital has reached a final close for its latest fund with USD700 million in capital commitments. The fund received commitments from existing investors in previous Joy Capital funds, as well as public pension funds and insurance companies. The fund will target early- and growth-stage… Read More
Impact investment fund manager responsAbility Investments has led a USD9.4 million debt financing round for Satin Creditcare Network, an India-based microfinance institution focused on lending to women from rural and semi-urban areas. responsAbility provided the three-year senior loan with a bullet repayment schedule, in which the interest will be repaid… Read More
UK development finance institution CDC Group has led an INR1.5 billion (approximately USD21 million) Series C funding round for India-based online business loan broker Indifi Technologies. Other participants in the round include global private equity fund manager Accel Partners and impact investing firms Elevar Equity, Omidyar Network, and Fair Finance… Read More
Global technology-focused growth equity fund manager TCV has agreed to lead a USD400 million Series F investment in Brazil-based digital banking and financial services provider Nubank. Other investors in the funding round include Singaporean sovereign wealth fund GIC, as well as existing investors Tencent Holdings, DST Global, Sequoia Capital, Dragoneer… Read More
Global asset manager Schroders has agreed to acquire a majority stake in global impact investment fund manager BlueOrchard Finance. After the completion of the acquisition, BlueOrchard, which manages assets worth approximately USD3.5 billion, will maintain its current management team, processes, and strategies. Financial details of the transaction were not disclosed. Read More
India-listed fashion retail group Future Lifestyle Fashions (FLF) has secured INR8.4 billion (approximately USD122 million) from global alternative asset manager Blackstone Group and AION Capital Partners, a joint venture between India-focused ICIC Venture Funds Management and US-based alternative investment firm Apollo Global Management, via two separate transactions. Blackstone acquired 12… Read More
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