GIC led a USD200m Series D2 for China-based edtech Aixuexi Education Group, bringing the total capital raised by the company through its Series D to over USD300m. Warburg Pincus and Tencent contributed to the Series D in 2019. Read more… Read More
IDG Capital led a USD80m Series B for China-based biotech firm PTM Biolabs, with participation from Fortune Capital, Highlight Capital, and SDIC Venture Capital. Read more… Read More
Ascent Capital has reached a USD88m final close for its Ascent Myanmar Growth Fund. The vehicle will make 10-15 investments in SMEs active in the consumer, education, financial services, health care, technology, media, and telecommunications sectors in Myanmar. Read more… Read More
Yingke Private Equity has reached a USD1.5b final close for the Yingke China Core Asset Strategic Allocation Fund, a vehicle focused on investments in core technology and biomedical science assets in China. Read more… Read More
GIC has agreed to acquire a 17.5% stake in AC Energy Philippines, a Philippines-based renewable energy platform, for USD412.5m. Read more… Read More
Ontario Teachers’ Pension Plan Board and Abu Dhabi Investment Authority have committed USD1.25b to Equis Development, a Singapore-based renewable energy and waste infrastructure developer and operator. Read more… Read More
Legend Capital and Lyfe Capital led a CNY1.5b (approximately USD226.6m) Series B for China-based biotech firm RecBio, with participation from Sequoia Capital and Temasek’s Vertex Ventures. Other investors include China’s HT Capital, Co-Stone Asset Management, Yuanbio Venture Capital, Qingsong Capital, and China Everbright Limited. Read more… Read More
MBK Partners has agreed to invest HKD1.7b (approximately USD228m) in Hong Kong-listed China Rental Car from Ucar for a 20.9% stake. Read more… Read More
DCL Investments has reached a CNY3b (approximately USD455m) final close for its latest RMB-denominated fund focused on distressed investment opportunities in China. Read more… Read More
SoftBank-backed Grab led a USD100m Series B for Indonesia-based fintech LinkAja, with participation from Telkomsel, BRI Ventura Investama, and Mandiri Capital Indonesia. Read more… Read More
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