China-focused private investment firm Primavera Capital Group has reached a final close for its second U.S. dollar-denominated China-focused fund with US$1.9 billion in commitments, surpassing its US$1.5 billion target. Investors in the fund include Pennsylvania State Employee’s Retirement System, Taiwan Semiconductor Manufacturing, the Second Swedish National Pension Fund, China-based Taikang… Read More
China-focused growth capital fund manager China New Enterprise Investment (CNEI) has exited its 13 percent stake in China-based automotive and engine design service provider IAT Automobile Technology through block trades on China’s National Equities Exchange & Quotations for US$28 million. CNEI, which originally invested in IAT Automobile in 2009, reportedly… Read More
South and Southeast Asia-focused private equity firm Creador Capital has reached a final close for its third fund with US$415 million in capital commitments. Investors in the fund reportedly include global private markets asset managers and advisors Hamilton Lane, Siguler Guff & Company and Hermes GPE. The fund will invest… Read More
CGN Private Equity Fund Management Company has reached a third close for CGN Capital Partners Infrastructure Fund III with CNY3.3 billion (approximately US$478 million) in commitments. Investors in the fund include Industrial and Commercial Bank of China, Agricultural Bank of China, Post Savings Bank of China, China Cinda Asset Management,… Read More
Global private equity firm Warburg Pincus has reached a final close for Warburg Pincus China with US$2 billion in capital commitments. Investors in the fund include public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net worth individuals. The Washington State Investment Board reportedly committed US$200… Read More
Frontier markets-focused private equity firm InFrontier has reached a first close for InFrontier Afghanistan Fund with US$22 million in capital commitments. Investors in the fund include development finance institutions CDC Group, which committed US$15 million, and the Dutch Good Growth Fund. The fund is targeting a final close in 2017. Read More
Aspada Advisors, an investment firm focused on small and medium-sized enterprises in India, has invested in India-based post-harvest agriculture value chain service provider Arya Collateral Warehousing Services. Aspada invested through Aspada Investment Company. Arya will use the new capital to scale in primary markets with low warehousing penetration and availability… Read More
The Blackstone Group has fully exited its 4.79 percent stake in Multi Commodity Exchange of India (MCX) for an estimated INR3 billion (approximately US$45 million) through an open market transaction on the National Stock Exchange of India. Blackstone originally invested in MCX in 2013. … Read More
India-focused private equity firm Samara Capital has invested approximately INR1.7 billion (approximately US$25 million) in India-based medical devices manufacturer Sahajanand Medical Technologies. The company plans to use the funds on research and development to expand its product line in the cardiovascular segment. … Read More
Global investment firm KKR and Singapore-based sovereign wealth fund Temasek Holdings have agreed to acquire a 3.9 percent stake in India-based SBI Life Insurance Company for INR18 billion (approximately US$265 million). KKR and Temasek will each acquire 1.95 percent stakes. The transaction is subject to regulatory approval… Read More
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