Technology-focused venture capital firm IDG Capital Partners has reached a final close on IDG China Venture Capital Fund IV with US$586 million in capital commitments. The fund, which was oversubscribed, will make investments in the early-stage technology, media and telecom (TMT) sector. Investors included existing limited partners as well… Read More
Pan-African private equity firm Helios Investment Partners has agreed to acquire a minority stake in Nigeria-based pension fund manager ARM Pension Managers, a subsidiary of asset manager Asset & Resource Management Company (ARM). ARM Pension Managers has more than US$2.2 billion of pension assets under management and intends to… Read More
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has exited its investment in Brazil-based renewable energy company Bioenergy Geradora de Energia. Darby originally invested in the company through its Brazil Mezzanine Infrastructure Fund in September 2011. Darby’s investment funded wind parks that have been operational since… Read More
Papua New Guinea-based mining company Marengo Mining has signed a loan conversion and debenture purchase agreement with existing investor Sentient Group, a global natural resources fund manager. The transaction will be structured through Sentient Global Resources Fund IV. Post-transaction, Sentient’s holding will increase from a 22 percent stake to… Read More
Lithuania-based Rewalon, a provider of corporate rewarding services and operator of gifting mobile app Gifty, has received a follow-on financing round from Lithuania-focused venture capital firm Practica Capital and venture capital fund Online Venture. Practica Capital’s investment was structured through Practica Seed Capital fund. Financial details of the transaction… Read More
Global alternative asset manager The Carlyle Group and JV Resguardo, operator of Peru-based security companies Liderman and Clave 3, have entered into a partnership to expand the Liderman and Clave 3 brands. JV Resguardo currently has operations in Peru and Ecuador with plans to expand to more countries in… Read More
Shoreline Capital Management, a credit investor focused on China, has reached a first close on its latest distressed debt fund, Shoreline China Value III, with US$150 million in capital commitments. The fund has a target of US$500 million, and a final close is anticipated later this year. Shoreline’s predecessor… Read More
Venture capital firm Sequoia Capital has reached a final close on its fourth India-focused fund with US$530 million in capital commitments. The fund will focus on early stage companies, and will deploy capital in India as well as in Southeast Asia. Nearly 98 percent of the capital raised came… Read More
Hong Kong-based provider of app store analytics App Annie has raised a US$17 million financing round from existing investors venture capital firms IDG Capital Partners, Greycroft Partners and Sequoia Capital. The financing will be used in part to fund App Annie’s recent acquisition of United States-based Distimo, a mobile… Read More
China-focused private equity firm Hony Capital has partially exited its investment in China-based generic drugs manufacturer CSPC Pharmaceutical Group. Hony’s affiliate Joyful Horizon sold 600 million shares in CSPC to third parties and 105.9 million shares to an entity owned by the company’s chairman at HKD6.25 (approximately US$0.81) a… Read More
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