China-focused life sciences investment fund manager Lilly Asia Ventures has closed LAV Biosciences Fund V at its hard cap of USD750 million. Investors in the fund include US-based pension funds SFERS and LACERA, which committed USD40 million and USD100 million, respectively. Separately, Lilly also joined GIC, LYFE Capital, CMB International… Read More
Global private equity fund manager EQT Partners has agreed to invest CNY378 million (approximately USD56 million) for a minority stake in VBill, a China-based third-party payment company serving small and medium-sized enterprises. EQT will invest through EQT Mid Market Asia III. The company will use the new partnership with EQT… Read More
China-based pharmaceutical company HaiHe Biopharma has raised USD147 million in a funding round led by Chinese health-care-focused venture capital firm Huagai Capital. Other investors in the round include Atlas Capital, Yingke Private Equity, Hillhouse Capital, Boyuan Capital, Elite Capital, the Chinese Academy of Sciences Venture Capital Management, CSPC Pharmaceutical Group,… Read More
Singapore-based fashion e-commerce platform Zilingo has secured USD226 million in a Series D funding round from existing investors Sequoia Capital, Burda Principal Investments, Sofina, and Temasek Holdings. New investor EDB Investments, the corporate investment arm of Singapore’s Economic Development Board, also joined the round. Founded in 2015, the company will… Read More
Global alternative asset manager TPG has closed TPG Asia Fund VII with USD4.6 billion in capital commitments. Investors in the fund include CalPERS, Teacher Retirement System of Texas, Autorité des Marchés Financiers (AMF), New Mexico State Investment Council, NH Financial Group, and Korea Investment & Securities. Lexington Partners also committed… Read More
India-focused venture capital firm 3one4 Capital has reached a first close for its Continuum fund with INR1.5 billion (approximately USD21 million) in commitments. Investors in the firm’s third vehicle include a US-based university endowment and Japanese diversified conglomerate Sojitz Corporation. The fund, which aims to raise a total of INR3.5… Read More
India-based logistics technology company Rivigo Services has secured USD36 million in a funding round led by global private equity fund manager Warburg Pincus. India-focused venture capital firm SAIF Partners also participated in the round. Warburg, which originally invested in the company in 2016, contributed INR1.5 billion (approximately USD21 million) of… Read More
Indonesia-based ride-hailing, delivery and personal services platform Go-Jek has reportedly raised US$1 billion as part of its Series F funding round led by corporate investors Google, JD.com and Tencent Holdings. Mitsubishi Corporation and Provident Capital also participated in the round. Go-Jek’s previous backers include private investment fund managers KKR, Warburg… Read More
India-focused private equity fund manager InvAscent has closed India Life Sciences Fund III at its hard cap of US$250 million in commitments. Investors in the fund—which will provide equity growth capital to India-based pharmaceutical, health care and medical technology companies—include pension funds, endowments, family offices and funds of funds from… Read More
The Rise Fund, an impact investing fund managed by global investment firm TPG, and emerging markets-focused venture capital firm Elevar Equity have led a Series A investment round of INR250 million (approximately US$3.5 million) for content platform The Better India. The company, which publishes online news focused on positive stories… Read More
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