The Rise Fund, TPG’s global impact investing fund, has led a Series C round of almost CNY1 billion (approximately US$145 million) for China-based rural lender CFPA Microfinance Management. Ant Financial, China Foundation for Poverty Alleviation, IFC, Sequoia Capital, High Impact Capital Advisors and Renda Puhui also participated in the round. Read More
China-focused venture capital firm Shunwei Capital Partners has raised US$1.21 billion for its fourth U.S. dollar-denominated fund. Shunwei’s total assets under management reportedly now stand at US$3.3 billion across four U.S. dollar- and two renminbi-denominated funds. Established in 2011, the firm primarily invests in early- to mid-stage internet, e-commerce and… Read More
India-focused venture capital firm Sixth Sense Ventures has closed its second early-stage consumer-focused fund at INR5 billion (approximately US$68 million), reportedly surpassing its INR2.5 billion (approximately US$34 million) target. Investors in the fund include India’s Ministry of Commerce and Industry, which committed INR500 million (approximately US$6.8 million), consumer companies, India-based… Read More
SIX Swiss Exchange-listed market expansion services provider DKSH has sold its Chinese health care business to global private equity fund manager Warburg Pincus for CHF100 million (approximately US$100 million). The transaction, which has fulfilled all necessary closing conditions and obtained the relevant regulatory approvals, includes DKSH’s pharmaceutical, consumer health and… Read More
Singapore-based property technology company PropertyGuru Group has raised an SGD200 million (approximately US$145 million) Series D funding round from global alternative asset manager KKR. Southeast Asia-focused PropertyGuru has portals across Singapore, Malaysia, Thailand, Indonesia and Vietnam. KKR’s investment through KKR Asian Fund III allows for the full consolidation of Vietnamese… Read More
Real estate-focused private equity fund manager Gaw Capital Partners has reached a first close for Gateway Real Estate Fund VI with US$1.3 billion in capital commitments and raised a further US$650 million for co-investment opportunities. Approximately 50 percent of the new fund will be invested in Greater China while the… Read More
Asia-focused private equity fund manager Zebra Global Capital has reportedly reached a final close for its second fund, bringing the firm’s total assets under management to approximately US$2 billion. The size of the new fund, which received commitments from U.S.-based university endowments, the Hillhouse Foundation and Tencent Holdings, was undisclosed. Read More
India-based steel manufacturer JSW Steel has increased its stake in India-based minerals trading company Dolvi Minerals and Metals from 60 percent to 100 percent, acquiring stakes from existing investors including Standard Chartered Private Equity (SCPE) for INR1.09 billion (approximately US$15 million). Dolvi Minerals is a trader, wholesaler and retailer of… Read More
Global private equity fund manager Warburg Pincus has led a new financing round for Singapore-based customer relationship management (CRM) software provider Capillary Technologies. The company develops artificial intelligence-based consumer loyalty, engagement and analytics solutions for retailers in Asia and plans to use the funds primarily to expand its presence in… Read More
Global private equity fund manager Warburg Pincus has led a new financing round for Singapore-based customer relationship management (CRM) software provider Capillary Technologies. The company develops artificial intelligence-based consumer loyalty, engagement and analytics solutions for retailers in Asia and plans to use the funds primarily to expand its presence in… Read More
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