China-focused private equity firm ClearVue Partners has closed its first fund, ClearVue Partners Fund I, with US$262 million in capital commitments, exceeding its original target of US$200 million. The fund will invest in early-growth consumer companies in the food and beverage, lifestyle, internet and mobile sectors. Investors include institutions,… Read More
Global venture capital firm Mayfield has reached a final close on its second India-dedicated venture capital fund, Mayfield India II, with US$108 million in capital commitments. Mayfield follows an early-stage venture capital strategy, and plans to invest between US$2 million and US$8 million in companies targeting the infrastructure sector,… Read More
China-focused private equity investment firm Hopu Investment Management has agreed to take part in a consortium investment of US$2.5 billion in Singapore-listed Global Logistic Properties (GLP), a warehouse operator with interests in China, Japan and Brazil. The consortium, which includes Bank of China's investment unit among other unnamed investors,… Read More
Mid-market growth investor Kotak Private Equity Group has acquired a minority stake in India-based offshore logistics support services company Samson Maritime for around INR1.5 billion (approximately US$24.2 million). The deal provided an exit to existing shareholders development finance institution International Finance Company (IFC) and JM Financial Investment Managers, a… Read More
Venture capital firm Sequoia Capital has led a US$50 million financing round in China-based second-hand vehicle e-commerce platform Cheyipai. Venture capital firms Morningside Ventures, Matrix Partners and CITIC Capital, which each took part in the previous two rounds of financing, also participated in the new round. Cheyipai intends to… Read More
Russia and CIS-focused private equity firm Elbrus Capital has reached a final close on Elbrus Capital Fund II with US$550 million in capital commitments, exceeding its target of US$500 million and hitting its hard cap. In addition, the fund secured US$150 million in financing from U.S. development finance institution… Read More
Sub-Saharan Africa-focused private equity fund Agri-Vie, which targets food and agribusiness investments, has made a US$5 million investment in Kenya-based flower exporting business Kariki Group. The funding will allow Kariki to expand its business and explore growth opportunities in European, Japanese, Middle-Eastern and Australasian markets. Read More
Lei Jun, a Chinese angel investor and co-founder of smart phone maker Xiaomi, had led a US$100 million financing round for China-based online clothing retailer Vancl. Existing investors Singapore investment company Temasek Holdings and venture capital firms IDG Capital Partners, Ceyuan Ventures and SAIF Partners also participated. Vancl previously… Read More
CDH Venture, a venture capital team under the umbrella of alternative asset fund manager CDH Investments, has led a new funding round for China-based backpacker travel service Lailaihui alongside existing investor Unity Ventures, a China-focused venture capital firm. The transaction was reported to be around US$1 million. Lailaihui intends… Read More
CEE and CIS-focused buyout investor Mid Europa Partners has reached a first close on Mid Europa Fund IV with EUR665 million (approximately US$906.6 million) in capital commitments. Investors include sovereign wealth funds GIC and China Investment Corporation and fund of funds managers HarbourVest Partners, Pantheon and AlpInvest Partners. Separately,… Read More
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