Indonesia-focused alternative asset manager Indies Capital Partners has reached a final close for its second private credit fund with US$145 million in capital commitments. Investors in the fund include financial institutions, corporations and family offices. The fund will target private credit and special situations transactions in Southeast Asia, with a… Read More
China-focused technology investor GSR Ventures has reached a final close for its sixth venture capital fund with US$400 million in capital commitments. The fund, which launched in October 2017 with an initial target of US$325 million, will pursue seed and Series A, as well as select Series B, investments in… Read More
Global alternative investment manager KKR has agreed to sell MMI Holdings, a Singapore-based hard-drive component producer, to a China-based consortium for US$645 million including debt. The acquiring consortium is led by an affiliate of Beijing HBH Innovation Industry Fund and includes China-focused private equity fund manager Cybernaut Investment. KKR acquired… Read More
Southeast Asia-focused venture capital fund manager Golden Gate Ventures has reached a final close for its third fund with US$100 million in capital commitments. Investors in the fund include Singaporean sovereign wealth fund Temasek Holdings, corporate investors Hanwha, Naver and Mitui Fudosan and investment firms CTBC Group, EE Capital, Ion… Read More
China-based Lantu Information Technology, which operates automobile after-sales products and services platform Tuhu Yangche, has raised a Series E round of US$450 million led by China-based internet conglomerate Tencent Holdings and global alternative investment fund managers The Carlyle Group and Sequoia Capital. Other participants in the funding round include state-sponsored… Read More
China-based e-commerce company Meituan Dianping has raised HKD33.2 billion (approximately US$4.2 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange. The company sold 480 million shares at a price of HKD69 (US$8.79) per share in the offering. The IPO received US$1.5 billion in commitments from cornerstone… Read More
China-based electric vehicle manufacturer NIO has raised US$1 billion in its initial public offering on the New York Stock Exchange, selling 160 million American Depositary Shares (ADS) at a price of US$6.26 per ADS. The company is backed by Singaporean sovereign wealth fund GIC and private equity firms Baidu Capital,… Read More
Download the full press release here. Washington, D.C., 6 September 2018: Private capital fundraising and investment activity in emerging markets (“EM”) increased by 11% and 21%, respectively, in the first half of 2018, driven predominantly by activity in Emerging Asia, according to EMPEA’s latest… Read More
China-focused private equity fund manager CITIC Capital Partners has reached a first close for its latest U.S. dollar-denominated China fund with US$1.3 billion in capital commitments. CITIC Capital Partners IV is reportedly targeting a final close of US$2 billion. Read More
The EMPEA Data Insights are quarterly updates of high-level trends and notable developments in all major emerging market regions plus Brazil, China, and India. The Data Insights offer unique access to EMPEA’s statistics at the regional and country level and provide detailed analytics of fundraising trends and deal flow. … Read More
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