China-based e-commerce company Alibaba Group and China-focused private equity firm YF Capital have agreed to acquire a 16.2 percent stake in Meinian Onehealth, a listed China-based medical examination center operator, for CNY7.3 billion (approximately USD1 billion). YF Capital will invest CNY2.44 billion (USD345 million) of the total for a 5.34… Read More
Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity (SCPE), has exited its remaining stake in India-listed manufacturer and marketer of Pepsi brand products Varun Beverages. Affirma sold approximately 1.6 million shares in Varun on the National Stock Exchange of India… Read More
Vertex Venture Holdings, a US- and Asia-focused venture capital fund manager owned by Singaporean sovereign wealth fund Temasek Holdings, has reached a final close for its fourth USD-denominated China-focused fund. The firm has reportedly secured a total of CNY4 billion (approximately USD565 million) for the USD-denominated fund, as well as… Read More
Hainan Golden Technology, a China-based enterprise software and data services company, has raised CNY1 billion (approximately USD141 million) in a Series B financing round led by its parent company Tencent Holdings. Shenzhen Capital Group, CDH Investments, China Investment Corporation, and China Finance Fund—as well as existing investors such as Wanda… Read More
Indonesia-based food services company Yummy has raised USD7.75 million in a Series A funding round led by Indonesia-focused venture capital fund manager Intudo Ventures and Sinarmas Digital Ventures (SMDV), the venture capital arm of Indonesia-based conglomerate Sinar Mas. Additional participants in the investment round include Southeast Asia-focused venture capital firms… Read More
This article is not about the Abraaj Group, but as the Abraaj train wreck seems at last to be in the course of resolution it seemed a good moment to reflect on the current state of emerging markets funds, particularly those that are development institution backed. Before you read more… Read More
Impact investing is a powerful tool to eradicate poverty, promote economic development and address climate change. Equally, impact is now winning growing acceptance as an asset class among investors. However, many investment managers charged with a fiduciary duty to pension plans or other institutions continue to assume that impact is… Read More
Impact Investing is the act of investing with the intent to measurably contribute positive social, economic, and/or environmental impacts while still achieving financial returns. The underlying concepts to Impact Investing have been part of investment ethos for over one hundred years, and socially responsible investing for even longer. Socially responsible… Read More
Over a year has passed since the collapse of Abraaj Group (Company), which at its peak was among the world’s largest emerging markets-focused private equity firms with USD 13.6 billion under management. As of May 2019, entities and individuals had asserted losses of over USD 1 billion against the company,… Read More
First announced by President Xi Jinping on 6 November 2018, the Shanghai Stock Exchange Sci-Tech Innovation Board Market (the “SSE STAR Market”) debuted on 22 July 2019, with 25 companies in the initial listing batch. By 13 August, 28 companies have achieved listing on the SSE STAR Market, with a… Read More
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