SAIF Partners has reached a USD400m final close for SAIF Partners India VII, an India-focused vehicle targeting seed-to-growth stage investments in IT, financial services, consumer products and services, and mobile. SAIF Partners has also rebranded as Elevation Capital. Read more… Read More
Keppel Capital has reached a USD295m first close for Alpha Asia Macro Trends Fund IV. The vehicle, which targets USD1b, will invest in offices, business parks, logistics facilities, retail, and accommodation assets in gateway cities across Asia Pacific. Read more… Read More
Ontario Teachers’ Pension Plan Board led a USD360m investment in Singapore-based infrastructure and data center developer Princeton Digital Group, with follow-on from Warburg Pincus. Read more… Read More
Edelweiss Alternative Asset Advisors has reached a USD900m final close for Edelweiss Special Opportunities Fund III, a vehicle focused on providing structured credit to mid-market companies in India. Read more… Read More
Cube Highways, a portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, has acquired nine highways from the National Highways Authority of India (NHAI) for INR50.1b (approximately USD684m). Read more… Read More
A consortium of investors led by Proterra Investment Partners Asia has partnered with US plant-based food startup Eat Just to invest USD120m to launch Eat Just’s first Asia-based protein facility. As part of the deal, Proterra will invest USD100m and Eat Just will supply the remaining USD20m. Read More
Eat Just, the US-based plant-based food startup, is partnering with agtech-focused PE firm Proterra Investment Partners Asia to launch its first Asia-based protein facility. Eat Just Asia will focus on creating a fully-integrated supply chain, working with manufacturers and distributers for Eat Just’s flagship product, vegan egg substitute… Read More
Sequoia Capital India and Flourish Ventures led a USD22.5m Series A for ShopUp, a Bangladesh-based B2B platform for MSMEs, with participation from Speedinvest, Veon Ventures, and Lonsdale Capital Singapore. Read more… Read More
CITIC’s alternative asset manager CPE led a CNY1.5b (approximately USD224m) investment in 3DMed Diagnostic, a China-based cancer diagnostics company spun out of 3D Medicines, with participation from CICC Capital, Jemincare, Tsing Song Capital, Spinnotec, Haier Biomedical, Ruiyi Investment, and LanShang Capital. Read more… Read More
Source Code Capital has reached a CNY3.8b (approximately USD567m) final close for its fourth RMB-denominated VC fund. Source code invests in the industrial internet of things (IIoT), intelligent manufacturing, robotics firms, and consumer-facing companies in the new consumption sector. Read more… Read More
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