China-based electric vehicle producer Lixiang Automotive has secured USD530 million in a Series C funding round led by Meituan-Dianping founder and CEO Xing Wang, with participation from Source Code Capital, Intime Retail Group, BlueRun Venture, FutureCap, and Funcity Capital. The deal reportedly values Lixiang at USD2.9 billion. Read More
Argentina-based rental services platform Alquilando has secured a USD1.1 million Pre-Series A funding round from Latin America-focused early-stage investor NXTP Labs, Argentina-focused fintech investor ArFintech, and Argentina-based investment bank Rosental Inversiones. The company connects homeowners with tenants, offers renters insurance, and provides online rental payment services. Read More
South Africa-focused private equity firm PAPE Fund Managers has reached a final close for PAPE Fund III with ZAR950 million (approximately USD62 million) in commitments. Investors in the fund include South African asset manager Public Investment Corporation, development finance institution FMO, funds of funds 27four Investment Managers and SA SME… Read More
Korea-based clinical biotechnology company D&D Pharmatech has raised a USD137 million Series B funding round led by US-based investment firm Octave Life Sciences. Korea-focused venture investors Smilegate Investment, InterVest, Magna Investment, and LB Investment also participated in the round, along with individual investors from the US and Korea. D&D Pharmatech… Read More
Global alternative asset manager The Carlyle Group has agreed to acquire a 100 percent stake in Peru-based amusement park and arcade operator Coney Park from Peruvian media and entertainment conglomerate Grupo El Comercio. Coney Park, which operates 169 venues in Peru, Colombia, and Chile, will partner with Carlyle to improve… Read More
Korea-focused fund manager Anchor Equity Partners has led an investment round for China-based marketing solutions provider Cue Holdings. Global alternative investment manager KKR, which originally acquired a controlling stake in Cue in 2018, and global technology investor Princeville Capital also participated in the round. Cue provides enterprises with data-driven marketing… Read More
China-focused fund manager 01VC has reached a final close for its second USD denominated fund with USD100 million in commitments. Investors in the fund include international foundations, endowments, family offices, and funds of funds. Fund II will focus on early-stage opportunities in technology-enabled supply chain businesses, logistics platforms, business-to-business companies,… Read More
Global technology group Naspers has led a USD125 million investment round for India-based e-commerce platform Meesho. Other investors in the round include Facebook, individual investor Arun Sarin, and venture capital investors SAIF Partners, Sequoia Capital, Shunwei Capital, RPS Ventures, and Venture Highway. Meesho connects product resellers with suppliers and provides… Read More
African Infrastructure Investment Managers (AIIM), a subsidiary of Africa-focused asset manager Old Mutual Alternative Investments, and Nedbank Energy Finance have agreed to invest ZAR400 million (approximately USD26 million) in SOLA Group, a South-Africa based renewable energy provider. The company, which develops and operates solar photovoltaic (PV) projects, will use the… Read More
Kotak Investment Advisors, the alternative investment arm of Kotak Mahindra Bank, has reached a final close for Kotak Special Situations Fund with USD1 billion in capital commitments. Abu Dhabi Investment Authority anchored the fund with a USD500 million commitment. Kotak Special Situations Fund will focus on structured credit solutions and… Read More
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