The United States Agency for International Development (USAID) has identified and championed a pressing issue that is, at once, a major public policy imperative and a crucial concern for the international investment community: how to mobilize greater flows of private equity (PE) capital for private sector development in emerging markets… Read More
China-focused alternative investment management and advisory company CITIC Capital Holdings has invested in China-based Shanghai Railink International Intermodal Logistics and Kazakhstan-based Atasu Group. Both companies operate in the logistics services sector, serving trade links between China and Europe via Central Asia and Kazakhstan. CITIC Capital, which invested through CITIC Capital… Read More
China-based online payment platform operator Ant Financial Services, a subsidiary of Alibaba, has reportedly raised US$10 billion from a consortium of global and local investors in a funding round valuing the company at US$150 billion. Sovereign wealth funds GIC, Temasek Holdings and Khazanah Nasional, as well as global private equity… Read More
India-based digital-only insurance platform Toffee Insurance has raised US$1.5 million in a seed financing round led by Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, India-focused venture capital firm Kalaari Capital and philanthropic investment firm Omidyar Network. Toffee provides insurance offerings to millennials; its initial lineup… Read More
India-focused technology investment firm Zodius Capital has reportedly increased its stake in India-based lingerie retailer Zivame to 45 percent by acquiring shares from India-focused venture capital firms Kalaari Capital and IDG Ventures India. Kalaari and IDG originally invested in Zivame in 2012. Financial details of the transaction were not disclosed. Read More
The Blackstone Group has agreed to exit India-based Gateway Rail Freight to its parent company Gateway Distriparks for INR8.1 billion (approximately US$118 million), bringing Gateway Distriparks’ stake in the company to 99.8 percent. Blackstone originally invested INR3 billion (approximately US$65 million) in Gateway Rail Freight in November 2009. The deal,… Read More
China-focused private investment firm Primavera Capital Group has reached a first close for its third fund with US$1.5 billion in capital commitments. Primavera, which typically makes growth capital, buyout and special situations investments, is reportedly targeting US$2.8 billion in total commitments for the fund. Read More
Legend Capital Management, an independent venture capital unit of China-based conglomerate Legend Holdings, has reached a first close for its second renminbi-denominated health care fund with CNY1 billion (approximately US$157 million) in capital commitments. The main areas of focus for the fund include drug development, medical devices, diagnostic technologies, health… Read More
China-focused private equity fund managers CITIC Capital and Hillhouse Capital have led Series A and A+ rounds totaling CNY450 million (approximately US$70 million) for credit information provider China Chengxin Credit. Investment firms Boyu Capital, Three Gorges Capital Holdings, Cherubic Ventures, Danhua Capital, Wanshi Capital and Harmony Riverside Investment Management also… Read More
Pivotal bioVenture Partners China, a division of China-based conglomerate Nan Fung Group, has reached a final close for its debut fund with US$150 million in capital commitments. The fund will invest broadly in the pharmaceutical, device and health service sectors, with a focus on incubating new life sciences companies in… Read More
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