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Summa Equity Acquires Singaporean Biotech Developer Sengenics, SBI Exits

Summa Equity has acquired a majority stake in Singapore-based biotech developer Sengenics through Summa Equity Fund II, facilitating an exit for SBI Islamic Fund II which sold a 12.93% stake.

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SSI Securities, CP Group, and DBJ Launch USD150m Vietnam Fund and Reach USD25m First Close

SSI Asset Management Company, a subsidiary of SSI Securities, CT Bright, the investment arm of CP Group, and Mercuria Investment, a fund managed by the Development Bank of Japan, have

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SFERS Commits up to USD125m to Asia Alternatives and Hillhouse Funds

San Francisco Employees’ Retirement System (SFERS) has approved a total commitment of USD125m to funds managed by Asia Alternatives and Hillhouse Capital. Specifically, SFERS has agreed to invest up to

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PTT Oil, Retail Business Public Company, Durbell, and Krungsri Finnovate Lead USD200m Series D for Thai Logistics Startup Flash Express

PTT Oil, Retail Business Public Company, Durbell, and Krungsri Finnovate led a USD200m Series D for Thailand-based e-commerce logistics provider Flash Express, with participation from existing shareholders eWTP Fund, Gaorang

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Monk’s Hill Leads USD2m Series A for Malaysian On-Demand Freelancer Platform GoGet

Monk’s Hill Ventures led a USD2m Series A for Malaysia-based on-demand freelancer platform GoGet. Read more

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Delta Capital Myanmar and Daiwa Invest USD12.6m in Myanmar’s Commercial Plastics Company

Delta Capital Myanmar and Daiwa PI Partners have jointly invested USD12.6m in Commercial Plastics Company, a Myanmar-based plastic bottle recycler. Delta invested through its Myanmar Opportunities II and Daiwa invested

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Tencent Leads USD100m Series E2 for Chinese Edtech Huohua Siwei

Tencent led a USD100m Series E2 for China-based edtech Huohua Siwei, with participation from the Carlyle Group and Chinese edtech Yuanfudao. KKR led the company’s USD150m Series E1 in August

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Gaorong Capital Reaches USD1.15b Final Close for Fifth USD-Denominated Fund

Gaorong Capital has reached a USD1.15b final close for its fifth USD-denominated fund. Gaorong Partners Fund V, the main fund, received USD1b and Gaorong Partners Fund V-A, a side fund,

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PAG-Led Consortium to Acquire Majority Stake in Indian Pharma Company Anjan Drug

A consortium of investors led by PAG and including CX Partners and Samara Capital has acquired a majority stake in Anjan Drug, an India-based manufacturer of active pharmaceutical ingredients, for

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CCV Reaches USD300m Final Close for Second USD-Denominated Fund

China Creation Ventures has reached a USD300m final close for CCV Fund II, its second USD-denominated fund. The vehicle will target early-stage investments in the TMT sector in China. Read

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GIC and Sequoia India Lead USD100m Series D for Indian Fintech Razorpay

GIC and Sequoia Capital India led a USD100m Series D for India-based fintech Razorpay, with participation from existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners. The investment

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AC Ventures Reaches USD56m First Close for ACV Capital III

AC Ventures has reached a USD56m first close for ACV Capital III. The fund, which targets USD80m, will invest in early-stage companies in Indonesia. Read more

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Archipelago Acquires 60% Stake in Malaysian Dessert and Beverage Chain Coolblog from Ekuinas for USD18m

Archipelago Capital Partners has acquired a 60% stake in Malaysia-based dessert and beverage chain Coolblog from government-backed PE firm Ekuinas for MYR75m (approximately USD18m). Read more

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Chiratae Invests USD3.2m Ongoing Series A for Indian Agtech Ergos

Chiratae Ventures has invested INR235m (approximately USD3.2m) in the ongoing Series A of India-based agtech Ergos for a 17.6% stake in the company. Aavishkaar Capital has also committed INR350m (approximately

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BlackRock Acquires Majority Stake in Taiwanese Solar Energy Company New Green Power

BlackRock has agreed to acquire a majority stake in Taiwan-based solar energy company New Green Power through its realty investment management arm BlackRock Real Asset. Details of the transaction are

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CDH and Oriza Invest USD219m in Canadian Solar’s China Assets Ahead of IPO

CDH Investments and Oriza Holdings have agreed to invest CNY1.5b (approximately USD219m) in CSI Solar, a China-based subsidiary of Nasdaq-listed solar power company Canadian Solar, for a 20% stake. This

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Insight Partners Leads USD55m Series F for India- and US-Based SaaS Startup Chargebee

Insight Partners led a USD55m Series F for Chargebee, an India- and US-based SaaS subscription management platform, with participation from Steadview Capital and Tiger Global Management. Read more

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Linear Reaches USD200m Final Close for Fourth USD-Denominated China VC Fund

Linear Capital has reached a USD200m final close for its fourth USD-denominated China-focused VC fund. The vehicle will target early-stage investments in data application, data infrastructure, and frontier technology. Read

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Lightspeed and Accel Invest USD18.5m in Indian Fintech Uni

Lightspeed India Partners and Accel Partners have invested a USD18.5m seed round for India-based fintech Uni. Read more

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Prosus Ventures Leads USD13m Series B for Pakistani Logistics and Transportation Startup Bykea

Prosus Ventures led a USD13m Series B for Pakistan-based on-demand logistics and transportation startup Bykea, with participation from Middle East Venture Partners and Sarmayacar. Read more

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Seeds Capital and Others Invest USD12.6m Series A for Singaporean Foodtech Shiok Meats

Seeds Capital and other undisclosed funds have invested a USD12.6m Series A for Singapore-based foodtech Shiok Meats. Read more

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Addition Leads USD35m Investment in Indian News Aggregator App Operator Inshorts

Addition led a USD35m investment in India-based news aggregator app operator InShorts, with participation from SIG Global and Tanglin Venture Partners. Read more

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Warburg to Acquire 30% Stake in India’s Home First Finance for USD108.4m

Warburg Pincus has agreed to acquire a 30% stake in India-based housing finance company Home First Finance for INR8b (approximately USD108.4m). Existing shareholders True North Capital and Bessemer Ventures will

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Warburg and Carlyle Invest USD140m in Chinese Budget Cosmetics Brand Perfect Diary

Warburg Pincus and the Carlyle Group have each invested USD70m, for a total of USD140m, in China-based budget cosmetics brand Perfect Diary. The company is reportedly planning a US IPO

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Chiratae Leads USD5m Series A for India- and US-Based SaaS Startup SquadStack

Chiratae Ventures led a USD5m Series A for SquadStack, an India- and US-based Saas startup focused on sales acceleration, with participation from existing investors Blume Ventures. Read more

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DST Global, Soma Capital, and GMO Venture Partners Invest USD10-15m in Indonesian Fintech BukuWarung

DST Global, Soma Capital, GMO Venture Partners, VentureSouq, 20VC, and angel investors have invested between USD10m and USD15m in BukuWarung, an Indonesia-based bookkeeping and payments platforms for micro-merchants. Read more

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Softbank, PICC, and Morningside VC Lead USD319m Series C for Chinese AI-Enabled Drug Developer XtalPi

Softbank Vision Fund 2, PICC Capital, and Morningside Venture Capital led a USD319m Series C for XtalPi, a China-based pharmaceutical firm that uses AI to develop new drugs, with participation

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Hillhouse Leads USD147 Series D for Chinese Biotech Company InventisBio

GL Ventures, the VC arm of Hillhouse Capital, led a USD147m Series D for China-based biotech company InventisBio, with participation from new investors Qiming Venture Partners, Matrix Partners China, Janchor

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Tencent, Hillhouse, and Yunfeng Lead USD176m Series F for Chinese Medical SaaS Startup Taimei Technology

Tencent Holdings, Hillhouse’s VC arm GL Ventures, and Yunfeng Capital led a CNY1.2b (approximately USD176m) Series F for China-based medical SaaS startup Taimei Technology, with participation from Zheshang Venture Capital,

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Stripe Leads USD12m Series A for Filipino Fintech PayMongo

Stripe led a USD12m Series A for Philippines-based fintech PayMongo, with participation from existing investors Y Combinator and Global Founders Capital, and new investor Bedrock Capital. Read more

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Ascendent Capital Invests USD500m in Chinese Supermarket Retailer Wumart

Ascendent Capital Partners has invested USD500m in China-based supermarket retailer Wumart. USD150m has been invested through Fund III, USD50m through Fund II, and the remaining USD300m through a co-investment. Read

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BA Capital Reaches USD147m Final Close for Second RMB-Denominated Fund and USD100m First Close for US-Denominated Fund

BA Capital (also known as Black Ant Capital) has reached a USD147m final close for its second RMB-denominated fund and a USD100m first close for its first US-denominated fund. Read

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Taikang Insurance, Highlight Capital, and Zhongyuan Capital Lead USD200m Series C for Chinese Supply Chain Provider Xingyun

Taikang Insurance, Highlight Capital, and Zhongyuan Capital led a USD200m Series C for Xingyun Group, a China-based supply chain provider for imported goods from foreign countries, with participation from Morningside

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IMM Exits South Korean Specialty Coffee Chain Hollys Coffee via USD124m Sale to KG Group

IMM Private Equity has agreed to exit its nearly 94% stake in South Korea-based specialty coffee chain Hollys Coffee via a sale to South Korean conglomerate KG Group for USD124m.

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EE Capital, Lionrock Capital, and Others Invest USD25m Series D for India- and US-Based Fashion Brand Hopscotch

Facebook co-founder Eduardo Saverin’s investment arm EE Capital, Lionrock Capital, Rise Capital, RPG Ventures, and IIFL Seed Ventures Fund have invested a USD25m Series D for India- and US-based fashion

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SAIF Partners, Twitter, Lightspeed, and Others Invest USD40m Pre-Series E for Indian Social Media Startup ShareChat

Existing investors SAIF Partners, Twitter, Lightspeed Venture Partners, and India Quotient, and new investors Hero MotoCorp chairman Pawan Munjal and DCM Shriram chairman Ajay Shridhar Shriram have invested a USD40m

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Actis to Acquire 75% Stake in JV with GS E&C to Build USD315m Data Center in South Korea

Actis has agreed to acquire a 75% stake in a new joint venture with GS E&C, the construction arm of South Korean conglomerate GS Group. The JV will be focused

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Iron Pillar Leads USD23m Series C for Indian Device Management Platform Servify

Iron Pillar led a USD23m Series C for India-based device lifecycle management platform Servify, with participation from new investors Sparkle Fund, 57 Stars, SF Roofdesk Capital, Go Ventures, and MadhuKela

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KKR to Invest USD755m for 1.28% Stake in Reliance Industries’ Retail Unit

KKR has agreed to invest INR55.5b (approximately USD755m) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 1.28% stake. The investment reportedly brings Reliance Retail

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Valar Ventures Leads USD18.6m Series A for Singaporean Wealth Management Startup Syfe

Valar Ventures led a  USD18.6m Series A for Singapore-based wealth management startup Syfe, with participation from Presight Capital and existing investor Unbound. Read more

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Morningside Venture Capital Reaches USD148m Final Close for Second RMB-Denominated Fund

Morningside Venture Capital has reached a CNY1b (approximately USD148m) final close for its second RMB-denominated fund targeting investments in early- and growth-stage companies in the technology innovation sector in China.

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Panlin Capital Reaches USD148m Final Close for Technology Innovation Fund

Panlin Capital has reached a CNY1b (approximately USD148m) final close for its first technology innovation fund targeting tech investments in the health care sector. Read more

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Indus Valley Leads USD1m Investment in Pakistani Women’s Fitness Startup AimFit

Indus Valley Capital led a USD1m seed round for Pakistan-based women’s fitness startup AimFit, with participation from the founding team of Atoms, an unnamed unicorn founder, and angel investors. Read

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Blackstone Sells 23% Stake in Indian Packaging Company Essel Propack for USD251m

Blackstone Group has sold 27.55m shares, the equivalent of a 23% stake, in India-based packaging company Essel Propack for INR18.5b (approximately USD251m). Blackstone first invested in the company in April

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JP Morgan Exits Stake in Indian Software Services Provider Happiest Minds for USD61m via IPO

JP Morgan CMBD II has fully exited its 19.43% stake in India-based software services provider Happiest Minds for INR4.5b (approximately USD61m) via the company’s INR7b (approximately USD95m) IPO. JP Morgan

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Warburg Pincus Makes USD102m Partial Exit from Indian Registrar and Transfer Agent CAMS

Warburg Pincus has sold a 14.5% stake, a third of its overall stake, in India-based registrar and transfer agent CAMS for INR7.5b (approximately USD102m) ahead of the company’s IPO on

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KKR Reaches USD11b+ First Close for Asian Fund IV

KKR has reached a USD11b+ first close for its KKR Asian Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. Read

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Naver-Led Consortium Invests USD80m in Singapore’s Classifieds Marketplace Carousell

A consortium of investors led by Naver Corporation and including Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities has invested USD80m in Singapore-based online classifieds marketplace Carousell. Read

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Tiger Global, TPG, ChrysCapital, and Footpath Ventures Invest USD225m in Indian Fantasy Sports App Dream11

Tiger Global Management, TPG Tech Adjacencies, ChrysCapital, and Footpath Ventures have invested USD225m in Dream Sports, the parent company of India-based fantasy sports app Dream11. The investment brings Dream Sports’

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TPG, Singapore Life, and Sumitomo Life Acquire Singapore Unit of UK Insurance Company Aviva for USD2b

A consortium of investors led by Singapore Life (Singlife) and including TPG and Japanese insurer Sumitomo Life have acquired the Singapore business of UK-based insurance company Aviva for USD2b. The

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ADV Partners Sells 10.46% Stake in Indian Heating and Ventilation Equipment Manufacturer Amber Enterprises for USD82m

ADV Partners has sold a 10.46% stake in India-based heating and ventilation equipment manufacturer Amber Enterprises for INR6.04b (approximately USD82m) through open market transactions. Before the transaction, ADV Partners held

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PAG Commits USD300m to Chinese Fintech LexinFintech

PAG has agreed to invest USD300m in China-based online consumer finance platform LexinFintech via a private placement of convertible notes.  Read more

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China Renaissance Reaches USD600m Final Close for Huaxing Growth III

China Renaissance has reached a USD600m final close for Huaxing Growth Capital III, its third US-denominated fund targeting investments in growth stage companies across the new economy sectors in China.

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