Baring Private Equity Asia has reportedly reached a first close for its seventh flagship fund with US$4.5 billion in capital commitments. Investors in the fund include Rhode Island State Treasury Public Pension Fund, which committed US$50 million, Teacher Retirement System of Texas and Canada Pension Plan Investment Board, as well… Read More
South Africa-focused private equity firm PAPE Fund Managers has reached a first close for PAPE Fund 3 with ZAR471 million (approximately US$35 million) in capital commitments. Investors in the fund include the Public Investment Corporation (PIC) of South Africa, Eskom Pension and Provident Fund, FMO and family offices represented by… Read More
China-focused venture capital fund manager China Creation Ventures (CCV) has reached a final close for its debut U.S. dollar-denominated fund with US$200 million in capital commitments. The fund will target early-stage opportunities in the technology, media and telecom (TMT) sectors in China. CCV, which was established in 2016 by former… Read More
Brazil-focused private equity fund manager Patria Investments has acquired a 75 percent stake in Brazil-based health care provider Vitória Apart Hospital. The hospital specializes in complex medical procedures, advanced research and medical education initiatives. Financial details of the transaction were not disclosed. Read More
Africa-focused private equity fund managers Amethis and Kibo Capital Partners, along with development finance institution Proparco, have acquired a minority stake in Mozambique-based food products manufacturer Merec Industries. The company, which mills wheat and maize and produces various packaged foods, plans to use the funds to launch new products and… Read More
China-focused venture capital fund manager Long Hill Capital has reached a final close for Long Hill Capital Venture Partners 2 with US$265 million in capital commitments. Investors in the fund include pension funds, endowments, foundations, financial institutions, family offices and funds of funds. The fund will target opportunities in select… Read More
A consortium led by global alternative investment manager KKR has agreed to acquire all issued and outstanding shares of Taipei Stock Exchange-listed LCY Chemical for TWD56 (approximately US$1.83) per share and take the company private. The deal values LCY, which produces specialty chemicals for various industries, at TWD47.8 billion (approximately… Read More
Global private equity fund manager Warburg Pincus has led a US$140 million Series D funding round for China-based fintech company Hangzhou Wacai Internet Financial Services. China-focused venture capital fund manager Qiming Venture Partners, which originally invested in the company in 2014, also participated in the round. Wacai offers various mobile… Read More
Brazil-focused alternative asset manager Bozano Investimentos has invested in Brazil-based fintech startup Paggcerto through Criatec 2. The company offers payment and invoice factoring solutions to small businesses in Brazil. Financial details of the transaction were not disclosed. Read More
Global investment banking and asset management group Goldman Sachs and China-based e-commerce and technology conglomerate Alibaba Group Holding have led a US$600 million Series A funding round for Suning Sports, the sports-focused arm of China-based retailer Suning. Yunfeng Capital, Lion Rock Capital, Evergrande Group, SenseTime, China Construction Bank, Industrial &… Read More
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