5Y Capital (formerly Morningside Venture Capital), Hillhouse Capital’s GL Ventures, and Capital Today led the USD150m first tranche of a Series C for China-based AI chip designer Horizon Robotics, with participation from Guotai Junan International and KTB. Read more… Read More
The National Investment and Infrastructure Fund has reached a USD2.34b final close for NIIF Master Fund, a vehicle targeting investments in operating assets in core infrastructure sectors, primarily transportation and energy, in India. Read more… Read More
Ontario Teachers’ Pension Plan (OTTP) has agreed to invest KRW300b (approximately USD275m) in South Korea-based fried chicken restaurant chain BHC Group, facilitating a full exit for Elevation Equity Partners. Read more… Read More
Everstone Capital has agreed to sell India-based bread and bakery brand Modern Foods to Mexican bakery giant Grupo Bimbo for an undisclosed amount. Read more… Read More
DCP Capital Partners and CPE (formerly CITIC Private Equity) led a USD300m round for China-based cloud computing infrastructure provider Hotwon Group. Read more… Read More
FountainVest Partners has reached a USD1.6b first close for its fourth USD-denominated PE fund, which has an initial target of USD2.8b. Read more… Read More
Warburg Pincus exited its remaining 4.47% stake in India’s AU Small Finance Bank via open market transactions. WestBridge Capital Partners bought 5.95 million shares for INR5.42b (approximately USD73.4m). Read more… Read More
CICC Capital led an undisclosed Series C for AInnovation, the consulting unit of China-based Sinovation Ventures at a USD1b valuation, with participation from Shanghai Guohe Capital and Riverhead Capital, and follow-on from China Renaissance’s Huaxing New Economy Fund. Read more… Read More
Partners Group invested USD250m in Indian logistics company Ecom Express, facilitating a partial exit for controlling shareholder Warburg Pincus. Partners Group and Warburg Pincus now both have 35% stakes in the business, with CDC Group and Ecom’s founders holding the remaining stake in the company. Read more… Read More
IMM Private Equity completed a final close for its fourth South Korea-focused vehicle, RoseGold IV. Read more… Read More
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