China-based online education company VIPKID has raised a US$500 million Series D+ round led by private equity and venture capital fund managers Coatue Management, Sequoia Capital and Yunfeng Capital and strategic investor Tencent. The company connects students in China and 35 other countries with North American teachers for one-on-one online… Read More
Global venture capital fund manager Matrix Partners has reached a final close for Matrix Partners China V with US$750 million in capital commitments. The fund, which received commitments from 53 undisclosed investors, will invest in technology, education, energy, health care and financial services companies in China. Read More
China-focused private equity firm Centurium Capital has reached a first close for its debut fund with US$925 million in capital commitments. Investors in the fund include Asia-, North America- and Europe-based sovereign wealth funds, funds of funds and family offices. Centurium will allocate up to 45 percent of the fund’s… Read More
India-focused investment advisory firm Multiples Alternate Asset Management has reportedly agreed to invest about INR2.5 billion (approximately US$37 million) for a 60 percent stake in India-based non-banking finance company APAC Financial Services. The company plans to use the funds to expand both its wholesale lending business and its affordable housing… Read More
Global alternative asset manager The Carlyle Group has reached a final close for Carlyle Asia Partners V with US$6.55 billion in capital commitments. Investors in the fund include Asian sovereign wealth funds, U.S. pension funds and high-net worth individuals. Launched in July 2017 with a target of US$5 billion, the… Read More
Criterion Africa Partners, a Sub-Saharan Africa-focused private equity firm specializing in the forestry sector, has reached a first close for Africa Sustainable Forestry Fund II with US$81 million in capital commitments. Investors in the fund include impact investment advisor Obviam, the Grantham Foundation for the Protection of the Environment and… Read More
East Africa-focused venture capital fund manager Novastar Ventures has led a US$1 million Series A investment in Ethiopia-based specialty food supplier Perennial Foods Group. The Enterprise Development Programme, the impact investing arm of Oxfam Great Britain, also participated in the funding round. Perennial Foods sources organic foods from smallholder farmers… Read More
IIFL Wealth Management, an asset management subsidiary of India-listed financial services company IIFL Holdings, has agreed to sell a 5.1 percent stake for INR7.5 billion (approximately US$109 million) to global growth equity fund manager General Atlantic, family office Rimco, strategic investor HDFC Standard Life Insurance and hedge fund managers Ward… Read More
Global natural resource-focused private equity fund manager EMR Capital has agreed to acquire Chilean copper mine Cerro Colorado from Australia-based resources company BHP for US$230 million. BHP will receive an additional US$40 million in proceeds from the post-closing sale of Cerro Colorado’s copper inventory, as well as up to US$50… Read More
China-based non-banking financial services company VCREDIT, which is backed by global private investment firm TPG, has raised HKD1.6 billion (approximately US$201 million) through its initial public offering on the Hong Kong Stock Exchange. VCREDIT sold 78.7 million shares, an increase from the 68.6 million shares originally offered, at a price… Read More
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