Panda Capital, a venture capital fund manager focused on technology, media and telecom in China, has reportedly reached a final close for its second renminbi-denominated fund with CNY700 million (approximately US$105 million) in capital commitments. Investors in the fund, which will focus on artificial intelligence, retail, mobility, entertainment, fintech and… Read More
U.S.- and India-focused venture capital fund manager Inventus Capital has reportedly reached a first close for its third fund with INR2 billion (approximately US$29 million) in capital commitments. The fund, which is targeting INR3.25 billion (approximately US$47 million) in total commitments, will make Series A investments in India-based technology companies… Read More
A group of investors led by CITIC Capital, CICC Capital, Bank of China Group Investment and CITIC Securities has agreed to invest CNY13 billion (approximately US$2 billion) in JD Finance, the consumer credit and wealth management spinout of China-based e-commerce retailer JD.com. JD Finance spun out from JD.com in 2017… Read More
Global venture capital fund manager Lightspeed Venture Partners has reportedly reached a final close for Lightspeed India Partners II with US$175 million in capital commitments from U.S.- and East Asia-based investors. The fund plans to back 25 to 30 India-based companies across a variety of sectors. While it will focus… Read More
China-based electronics producer Xiaomi—which is backed by private equity and venture capital fund managers DST Global, Hopu Investment Management, IDG Capital, Matrix Partners, Morningside Ventures, Qiming Venture Partners, Shunwei Capital Partners and Yunfeng Capital—has raised HKD37 billion (approximately US$4.7 billion) through its initial public offering on the Hong Kong Stock… Read More
Early-stage venture capital firm Artha India Ventures has reached a first close for its debut fund with INR400 million (approximately US$6 million) in capital commitments. Investors in the fund include publicly traded companies, India-based family offices and high-net worth individuals. The fund launched in June 2017 with a target of… Read More
China-focused private investment firm CITIC Private Equity Funds Management has reached a final close for its third U.S. dollar-denominated China-focused fund, reportedly exceeding its hard cap of US$2.2 billion in capital commitments. Launched in the fourth quarter of 2017, CPE China Fund III reached a first close in March 2018… Read More
India-based automobile parts manufacturer Varroc Engineering has raised INR19 billion (approximately US$282 million) through its initial public offering on the Bombay Stock Exchange and National Stock Exchange of India, facilitating an exit for India-focused growth equity fund manager Tata Capital. The offering included a total of 20 million shares sold… Read More
C-Bridge Capital, a China-focused private equity fund manager targeting opportunities in health care, has reached a first close for C-Bridge Healthcare Fund III with US$400 million in capital commitments. The fund reportedly launched in January 2018 with a target of US$650 million and a hard cap of US$800 million. It… Read More
Impact investment fund manager responsAbility Investments has acquired a majority stake in Bank Lviv, a provider of financial services to private individuals and small and medium-sized businesses in Ukraine, following approval by the Ukrainian National Bank. Financial details of the transaction were not disclosed. Separately, responsAbility has reportedly invested INR320… Read More
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