Motilal Oswal Alternatives reached a INR45b (~USD551m) final close for its fourth private equity fund. India Business Excellence Fund IV will focus on consumer, financial services, life sciences and niche manufacturing sectors and will aim to deploy 10-15% of its capital in tech-enabled businesses. The Fund has made two investments… Read More
Indonesia-based travel platform Traveloka raised a USD300m debt round led by BlackRock, with participation from Allianz Global Investors, Orion Capital Asia and the Indonesia Investment Authority. Read more… Read More
Pierfront Capital reached a USD450m final close for its second private credit fund, with an additional USD250m in co-investment commitments. Investors include Alberta Investment Management Corporation, AIIB, GCM Grosvenor, Manulife and Affin Hwang Asset Management. The fund will provide loans to Asia Pacific-based companies operating real assets in sectors including… Read More
Alpha JWC Ventures and White Star Capital led a USD30m Series B for Una Brands, a Singapore-based e-commerce aggregator. Read more… Read More
CrossBoundary Energy Access agreed to provide USD60m in project financing to energy developer ENGIE Energy Access for the construction of mini-grids that will provide electricity to 150,000 people in Nigeria. The project will also receive a performance-based grant funded by the World Bank and administered by the Rural Electrification Agency… Read More
Dymon Asia Private Equity reached a USD650m final close for its third private equity fund, Dymon Asia Private Equity Fund III, focused on privatizations, management buyouts and growth capital investments in Southeast Asia. Read more… Read More
GIC and LINE led a USD265m Series B for Line Man Wongnai, a Thailand-based e-commerce and delivery platform, with participation from BRV Capital Management, PTT Oil and Retail, Bualuang Ventures and Taiwan Mobile. Read more… Read More
China-Belgium Direct Equity Investment Fund and China-US Green Fund led a CNY2.2b (~USD308m) Series B for Lihao Semiconductor, a China-based manufacturer of semiconductor materials, with participation from Harvest Capital, Zhejiang United Investment Group (ZUIG), Changjiang Securities Innovation Investment, V Fund, Oceanpine Capital and others. Read more… Read More
Gaja Capital led a INR2.1b (~USD26m) round for Signzy, an India-based digital banking services provider, with participation from Mastercard, Kalaari Capital and Stellaris Venture Partners, as well as follow-on from Vertex Ventures and Arkam Ventures. Read more… Read More
Temasek led a USD40m Series B2 for Well-Link Technologies, a China-based provider of real-time cloud rendering solutions, with follow-on from Future Capital and CDH Venture and Growth Capital (VGC). Read more… Read More
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