Media-focused alternative investment management company CMC Capital Partners has reached a first close for its second U.S. dollar-denominated China media fund with more than US$350 million in capital commitments. Existing investors accounted for the bulk of commitments. The fund has a hard cap of US$600 million and will focus on… Read More
Global institutional investment management firm Farallon Capital Management has reached a final close for Farallon Asia Special Situations III and Farallon Asia Special Situations Master III (collectively FASS III), with a combined total of US$1.12 billion in capital commitments. Investors in FASS III included United States-based pension groups New York… Read More
Philanthropic investment firm Omidyar Network has participated in a US$3 million Series A round for India-based Overcart, a marketplace for businesses with unboxed, refurbished, preowned and excess electronic products. Other investors in the round included JSW Group’s venture arm JSW Ventures and India-based investor Venture Works. Overcart will use the… Read More
Metier, a private equity and alternative asset fund manager, has completed additional closes for Metier Capital Growth Fund II with more than ZAR2.5 billion (approximately US$170 million) in capital commitments. Investors in the fund included development finance institutions DEG, FMO, IFC and Proparco; frontier market investor Sarona Asset Management; Averroès… Read More
Infrastructure investment firm African Infrastructure Investment Managers has exited three toll road projects in Southern Africa: N3 Toll Concession, Trans African Concessions and the South African Toll Road Company. AIIM originally invested in the projects through South Africa Infrastructure Fund (SAIF). The buying consortium included South African investment manager Public… Read More
Venture capital firm 500 Startups has invested in United Arab Emirates-based flower and gift online marketplace Joi. The platform will work with offline vendors who want to expand into online delivery. Financial details of the transaction, which was structured through 500 Startups’ global fund and 500 Falcons fund, were not… Read More
India-based Bigtree Entertainment, which owns and operates online entertainment ticketing platform BookMyShow, has raised more than INR5.5 billion (approximately US$82 million) from growth-stage private equity firm Stripes Group, India-based media and entertainment conglomerate Network18 Group, global venture capital firm Accel Partners and Asia-focused private equity firm SAIF Partners. Founded in… Read More
India-based investor IIFL Private Wealth Management and financial services-focused venture capital firm Quona Capital have led a financing round for India-based loan provider NeoGrowth. Other investors included philanthropic investment firm Omidyar Network, India-focused investment firm Aspada Investment Advisors and impact investor Khosla Impact Fund. Quona Capital structured its contribution through… Read More
Global investment firm KKR has agreed to sell 168 million convertible preference shares in China-based car dealership China Greenland Rundong Auto to the company’s founder for approximately US$76 million. Upon completion of the transaction, KKR’s holding in the company will fall from 27 percent to seven percent. KKR originally invested US$100… Read More
Colombian private equity fund manager Tribeca Asset Management has agreed to sell its 50.2 percent stake in Colombia-based oil and gas exploration, development and production company Petrolatina Energy (PELE) to Canada-based exploration and production company Gran Tierra Energy for US$264 million. Tribeca originally invested in PELE in 2008 in a… Read More
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