Canadian pension fund Ontario Teachers’ Pension Plan and global alternative asset manager TPG Capital have agreed to acquire a 35 percent stake in Dream Cruises, a Hong Kong-based cruise operator, from holding company Genting Hong Kong (GHK) for USD489 million. The company will use the funds and partnership to upgrade… Read More
India’s National Investment and Infrastructure Fund (NIIF) has held a third close for NIIF Master Fund with USD2 billion in commitments. As part of the close, pension funds AustralianSuper and Ontario Teachers’ Pension Plan have each agreed to commit up to USD250 million to the fund and secured co-investment rights… Read More
Global private equity fund manager Warburg Pincus has pledged its 9.86 percent stake in India-based lending platform IDFC First Bank in order to raise USD150 million from a consortium of banks. Warburg will then use the loan to return capital to limited partners in its funds. IDFC First Bank, which… Read More
Global alternative asset management firm The Carlyle Group has sold part of its stake in Hong Kong Stock Exchange-listed China Literature, an online literature platform, for HKD994 million (approximately USD127 million). The company offers more than 11 million books to the more than 200 million monthly active users on its… Read More
Baring Private Equity Asia (BPEA) has acquired South Korea-based consumer finance and leasing company Acuon Capital, facilitating an exit for financial services-focused buyout firm J.C. Flowers & Co. Acuon, which mamnages a USD3.9 billion loan portfolio, was formed through the merger of three South Korea-based lending businesses. The company plans… Read More
Baring Private Equity Asia (BPEA) has acquired South Korea-based consumer finance and leasing company Acuon Capital, facilitating an exit for financial services-focused buyout firm J.C. Flowers & Co. Acuon, which mamnages a USD3.9 billion loan portfolio, was formed through the merger of three South Korea-based lending businesses. The company plans… Read More
China Renaissance, a China-based asset manager, has reached a final close for its Huaxing New Economy Fund III with RMB6.5 billion (approximately USD943 million) in commitments. Investors in the fund include the National Council for Social Security Fund, as well as banks, insurance companies, funds of funds, and endowments. The… Read More
India-focused venture debt fund manager Alteria Capital has reached a final close for its maiden India venture debt fund with INR9.6 billion (approximately USD140 million) in capital commitments. Investors in the fund include IndusInd Bank, the Small Industries Development Bank of India, and the Azim Premji Foundation, as well as… Read More
Southeast Asia-focused venture capital fund manager Openspace Ventures and SEEDS Capital, the early-stage investment arm of Enterprise Singapore, have led a Series A funding round for Singapore-based sustainable animal feed producer Nutrition Technologies. The company, which uses a combination of bacteria and black soldier fly larvae to extract nutrients from… Read More
Impact investment fund manager responsAbility Investments has led a USD9.4 million debt financing round for Satin Creditcare Network, an India-based microfinance institution focused on lending to women from rural and semi-urban areas. responsAbility provided the three-year senior loan with a bullet repayment schedule, in which the interest will be repaid… Read More
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