Hillhouse Capital- and Hopu Investment Management-backed global real estate and private equity fund manager GLP has reached a USD2.1b final close for its China Income Fund I. The vehicle targets investments in the logistics real estate sector in China. Read more… Read More
CICC Capital, Lyzz Capital, CITIC Securities Investment, and Huge Capital led a CNY1.13b (approximately USD160m) series C for China-based drug developer Mabworks, with participation from SDIC Fund, Lake Bleu Capital, BoCom International, Beijing E-Town International Investment & Development, Sealand Innovation, and Yuexiu Enterprises. Read more… Read More
China-focused private equity fund manager Hillhouse Capital, CPE, Lake Bleu Capital, Gamnat, China Reform Conson Soochow Overseas Fund I, Gortune Artemis Limited, and 3H Health Investment Fund have invested USD130m in MicroPort CardioFlow Medtech, a subsidiary of Hong Kong-listed medical device developer MicroPort Scientific Corporation, for a combined… Read More
Keppel Capital, the asset management arm of Singapore’s Keppel Corporation, has reached a USD570m second close for its infrastructure private equity fund, Keppel Asia Infrastructure Fund, targeting USD1b. The Asian Infrastructure Investment Bank (AIIB) committed USD100m to the fund, with a co-investment sleeve of up to USD50m. Read More
Lightspeed Venture Partners led a USD20m series B for India-based AI platform Yellow Messenger. Lightspeed previously led the company’s Series A. Read more… Read More
General Atlantic has made a USD29m follow-on investment in India-based online real estate rental startup NoBroker. This is the third investment General Atlantic has made in the company. Read more… Read More
India-focused private equity fund manager Faering Capital has fully exited India-based digital payments company TranServ via a strategic sale to non-banking financial company Indiabulls Consumer Finance for INR761m (approximately USD10m). Read more… Read More
China-based VC ATM Capital has reached a USD100m final close for its debut Southeast Asia fund, which will invest in the logistics, retail, and financial technology sectors across Southeast Asia. Read more… Read More
The Carlyle Group has sold 6.55m shares in India-based diagnostic company Metropolis Healthcare to SMALLCAP World Fund, managed by US-based investment firm Capital Group, for INR7.57b (approximately USD99.1m). Carlyle now holds a 1.25% stake in the company. Read more… Read More
Southeast Asia-focused venture capital fund manager Openspace Ventures led a USD5m series A for Philippines-based live streaming app Kumu, with participation from Kickstart Ventures, media conglomerate ABS-CBN, Gobi-Core Philippine Fund, and existing investors Summit Media and Foxmont Capital Partners. Read more… Read More
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