A consortium led by global alternative investment firm Brookfield Asset Management has agreed to invest INR252 billion (approximately USD3.7 billion) in the controlling entity of Reliance Jio Infratel (RJIPL), an India-based telecommunications tower operator owned by conglomerate Reliance Industries. The capital will be used to acquire a 49 percent stake… Read More
China-based live streaming game platform DouYu International has raised USD775 million in its initial public offering (IPO) on Nasdaq. The offering consisted of 67.4 million American Depositary Shares (ADS) sold for USD11.50 per ADS, including 22.5 million ADS sold by existing shareholders. DouYu will use the proceeds from the listing… Read More
Global alternative asset manager Investcorp has held a final close for IDFC Private Equity Fund IV with INR10 billion (approximately USD145 million) in commitments. Investors in the fund include high-net worth individuals and international institutional investors. Investcorp took over management of the fund, which held a first close in 2016,… Read More
Southeast Asia-focused venture capital fund manager Monk’s Hill Ventures has led a USD6.8 million Series B investment in Glints, a Singapore-based career development and recruitment platform. Other investors in the funding round include Asia-focused venture capital firms Fresco Capital, MindWorks Ventures, and Wavemaker Partners. Glints intends to use the new… Read More
India-based robotics developer Emotix has raised an INR186 million (approximately USD2.7 million) seed investment round from India-focused venture capital firms Chiratae Ventures, YourNest Venture Capital, and Technology Venture Fund. Chiratae committed INR90.8 million (USD1.3 million) of the total amount, while YourNest contributed INR82.6 million (USD1.2 million), and Technology Venture Fund… Read More
China-focused venture capital firm Plum Ventures has reached a final close for its fifth early-stage fund with CNY533 million (approximately USD77 million) in capital commitments. Institutional investors reportedly committed 80 percent of the fund’s corpus, and the remaining 20 percent was committed by individual investors. The fund reached a first… Read More
Global private equity fund manager Warburg Pincus and India-focused venture capital firm SAIF Partners have led a USD65 million Series E investment round for Rivigo, an India-based logistics technology company. The round is reportedly ongoing and includes USD36 million committed by the two lead investors in February 2019. Separately, Warburg… Read More
Philippines-focused private equity fund manager Navegar has reached a first close for its second fund with USD87 million in capital commitments. The fund received commitments from 20 investors, including development finance institution IFC, which committed USD20 million. Navegar II, which is seeking USD200 million in total commitments, plans to make… Read More
Global impact investing firm SEAF has invested in Indonesia-based bakery and café BEAU Artisan Bakers through SEAF Women’s Opportunity Fund. BEAU intends to use the funding to expand its retail chain, develop a new centralized production facility, and improve financial management. Financial details of the transaction were not disclosed. Read More
China-focused private equity fund manager Centurium Capital has reached a final close for its first USD-denominated fund with USD2 billion in capital commitments. Investors in the fund include Ontario Teachers’ Pension Plan, Washington State Investment Board, China Investment Corporation, GIC, and Temasek Holdings, as well as other pension funds, sovereign… Read More
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