Asia-focused credit and special situations fund manager Clearwater Capital Partners has reportedly held a first close for Clearwater Capital Yield Fund. Asset manager Fiera Capital Corporation made an anchor commitment of USD50 million to the vehicle, which has a target of USD300 million in total commitments. The fund will invest… Read More
Global private equity firm Zephyr Management has led an INR550 million (approximately USD8 million) investment in India-based education finance company Shiksha Finance. India-focused venture capital fund manager Aspada Investment Advisors and the Michael & Susan Dell Foundation also participated in the funding round. The company—which offers school fee loans to… Read More
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
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