Yunqi Partners reached a USD300m final close for Yunqi Partners Fund III. The vehicle targets early-stage investments in the enterprise and productivity solutions space in China. Read more… Read More
TPG’s Rise Climate Fund and Abu Dhabi’s ADQ agreed to invest ~USD1b for an 11-15% stake in the EV unit of India-based Tata Motors. The investment will reportedly value TML EVco at USD9.1b. Read more… Read More
Source Code Capital reached a CNY7b (~USD1.1b) final close for its fifth CNY-denominated fund targeting early-stage investments in China. Read more… Read More
Affirma Capital reached a KRW543b (~USD473m) final close for Ascenta V, its fifth South Korea-focused fund. The vehicle will focus on midcap buyouts and growth capital investments in South Korea as well as co-investments in the wider Asia-Pacific region. Read more… Read More
Qatar Investment Authority led a USD175m Series F for Rebel Foods, an India-based dark kitchen operator, at a reported USD1.4b valuation, with follow-on from Coatue and Evolvence. Read more… Read More
Huaxing Growth Capital reached a USD550m first close for its fourth USD-denominated fund, targeting investments in innovative, tech-driven companies in China. Read more… Read More
Andreessen Horowitz led a USD152m Series B for Sky Mavis, a Vietnam-based crypto video game developer, with participation from Accel, Samsung Next Ventures, 500 Vietnam, Not Boring Capital, Paradigm, Libertus Capital and Fabric Ventures. Read more… Read More
KKR made a USD171m follow-on investment for an additional 7.3% stake in Philippines-listed power developer First Gen Corp, bringing its stake to 19.9%. KKR first invested in the company in June 2020. Read more… Read More
Andreessen Horowitz and Coinbase Ventures led a USD260m Series C for India-based crypto exchange CoinSwitch Kuber at a reported USD1.9b valuation, with participation from Sequoia Capital India, Tiger Global, Paradigm and Ribbit Capital. Read more… Read More
IIFL led a USD52m Series G for Licious, an India-based D2C e-commerce platform for fresh food, at a USD1b reported valuation. Temasek and Multiples led the company’s USD192m Series F in July 2021. Read more… Read More
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