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Naspers Leads USD125 Million Investment Round for Meesho

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

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01VC Reaches USD100 Million Final Close for Second Fund

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,

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D&D Pharmatech Receives USD137 Million Series B Investment Led by Octave Life Sciences

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

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Airlift Secures USD2.2 Million Seed Round from Fatima Gobi Ventures and Indus Valley Capital

Pakistan-based ride-sharing service Airlift has secured USD2.2 million in seed funding from Fatima Gobi Ventures—a joint venture between Pakistan-based conglomerate Fatima Group and Asia-focused venture investor Gobi Partners—and Pakistan-focused venture

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Anchor Equity Partners, KKR, and Princeville Capital Invest in Cue Holdings

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

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CITIC Capital China Partners IV Reaches USD2.8 Billion Final Close

CITIC Capital Partners, the private equity arm of CITIC Capital Holdings, has reached a final close for CITIC Capital China Partners IV with USD2.8 billion in commitments. Investors in the

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China Renaissance Closes Huaxing New Economy Fund III with USD943 Million in Commitments

China Renaissance, a China-based asset manager, has reached a final close for its Huaxing New Economy Fund III with RMB6.5 billion (approximately USD943 million) in commitments. Investors in the fund

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TPG and Ontario Teachers’ Acquire Minority Stake in Dream Cruises

Canadian pension fund Ontario Teachers’ Pension Plan and global alternative asset manager TPG Capital have agreed to acquire a 35 percent stake in Dream Cruises, a Hong Kong-based cruise operator,

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Warburg Pledges Stake in IDFC First Bank to Return Capital to Investors

Global private equity fund manager Warburg Pincus has pledged its 9.86 percent stake in India-based lending platform IDFC First Bank in order to raise USD150 million from a consortium of

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responsAbility Partially Exits Fawry in IPO, Invests in Aye Finance

Egypt-based electronic payments platform Fawry has raised EGP1.6 billion (approximately USD96 million) in its initial public offering (IPO) on The Egyptian Exchange. As part of the IPO, Africa-focused private investment

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FLF Raises USD122 Million from Blackstone and AION

India-listed fashion retail group Future Lifestyle Fashions (FLF) has secured INR8.4 billion (approximately USD122 million) from global alternative asset manager Blackstone Group and AION Capital Partners, a joint venture between

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L Catterton-Backed Marubi Raises USD122 Million in IPO

China-based cosmetics and skin care products supplier Guangdong Marubi Biotechnology has raised CNY841 million (approximately USD122 million) in its initial public offering (IPO) on the Shanghai Stock Exchange. The company

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BPEA Acquires Acuon Capital from J.C. Flowers & Co.

Baring Private Equity Asia (BPEA) has acquired South Korea-based consumer finance and leasing company Acuon Capital, facilitating an exit for financial services-focused buyout firm J.C. Flowers & Co. Acuon, which

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Openspace and SEEDS Capital Lead Series A Round for Nutrition Technologies

Southeast Asia-focused venture capital fund manager Openspace Ventures and SEEDS Capital, the early-stage investment arm of Enterprise Singapore, have led a Series A funding round for Singapore-based sustainable animal feed

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Carlyle Divests USD127 Million Stake in China

Global alternative asset management firm The Carlyle Group has sold part of its stake in Hong Kong Stock Exchange-listed China Literature, an online literature platform, for HKD994 million (approximately USD127

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Centurium Capital Raises USD1.89 Billion for Debut Fund

China-focused alternative fund manager Centurium Capital has raised USD1.89 billion in capital commitments for its debut fund. Investors in the fund include Washington State Investment Board, which committed USD200 million.

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Bounce Raises USD72 Million in Series C Funding Round

India-based scooter rental company Bounce has secured USD72 million in a Series C funding round led by global venture investor B Capital Group and alternative asset manager Falcon Edge Capital.

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Affirma Capital Leads Investment Round for Dianrong

Emerging markets-focused private equity fund manager Affirma Capital has led an investment round for China-based peer-to-peer lender Dianrong. Japan-based financial services provider Orix Group also participated in the round through

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KKR Agrees to Sell KCF Technologies to SKC for USD1 Billion

Global alternative investment manager KKR has agreed to sell KCF Technologies (KCFT), a South Korea-based producer of copper foils for lithium ion batteries, to SKC, an affiliate of Korean conglomerate

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Aqua Ventures Reaches Final Close for Second RMB Fund

Aqua Ventures, a China-focused venture capital fund manager, has announced the final close of its second RMB-denominated fund. Investors include internet companies, funds of funds, government guidance funds, and high-net-worth

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Aavishkaar Exits Jaypore E-Commerce and Utkarsh Coreinvest

outh- and Southeast Asia-focused early-stage impact investor Aavishkaar will exit its stake in Jaypore E-Commerce, an India-based retailer of clothing, handicrafts, and accessories, to Aditya Birla Fashion and Retail (ABFRL).

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Yanolja Raises USD180 Million from GIC and Booking Holdings

South Korea-based online travel platform Yanolja has raised USD180 million in a Series D funding round from Singaporean sovereign wealth fund GIC and online travel group Booking Holdings. Yanolja and

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Hansoh Pharma Completes USD1 Billion Hong Kong IPO

Hansoh Pharmaceuticals, a China-based drug developer, has completed its initial public offering on the Hong Kong Stock Exchange, selling 551 million shares at HKD14.26 per share, generating gross proceeds of

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Sinovation Achieves USD362 Million Final Close for Latest RMB Fund

China-focused venture capital firm Sinovation Ventures has reached a final close for its latest RMB-denominated fund with CNY2.5 billion (approximately USD362 million) in capital commitments. The fund was reportedly launched

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Warburg Pincus Commits US$300 Million to Joint Venture with CREATER, Joins US$300 Million Round for Yuanfudao

Global private equity fund manager Warburg Pincus and China-based commercial real estate developer CREATER have agreed to establish a joint venture to pursue urban redevelopment projects in China. As part

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Motilal Oswal and InvAscent Invest US$100 Million in Symbiotec Pharmalab, Acquire 70 Percent Stake from Actis

India-focused alternative investment fund managers Motilal Oswal Private Equity (MOPE) and InvAscent have reportedly invested US$100 million in Symbiotec Pharmalab, an India-based pharmaceutical ingredient manufacturer. The transaction included the acquisition

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Imperativ Hospitality Raises Additional US$14 Million for Series B from Samena Capital

India-based budget hotel chain Imperativ Hospitality has raised INR1 billion (approximately US$14 million) from Samena Capital, a principal investment group focused on South Asia, the Middle East and North Africa,

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Leapfrog Acquires Stake in Softlogic Life Insurance from FMO for US$12 Million

Emerging markets-focused profit-with-purpose private equity firm LeapFrog Investments has purchased a stake in Sri Lanka-based Softlogic Life Insurance from Dutch development finance institution FMO for US$12 million. The company offers

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Gaja Sells 20 Percent Stake in John Distilleries to Sazerac

India-focused private equity fund manager Gaja Capital has sold a 20 percent stake in India-based spirits company John Distilleries to Sazerac, a U.S.-based liquor producer. The transaction reportedly values John

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Triple P Capital Acquires Contemi Group

Triple P Capital, a Southeast Asia-focused private equity firm investing in non-bank financial services, has acquired a 100 percent stake in Asia- and Scandinavia-focused insurance IT solutions provider Contemi Group.

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Bain Capital Reaches US$4.7 Billion Final Close for Fourth Asia Fund

Global private equity firm Bain Capital has reached a final close for its fourth Asia buyout fund with US$4.7 billion in capital commitments. The firm and affiliated parties committed US$650

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Lufax Raises US$1.33 Billion from Primavera-led Consortium (Asia)

China-based financial services company Lufax has raised US$1.33 billion in a funding round led by China-focused private investment firm Primavera Capital Group. Other investors participating in the round include Qatar

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WuXi AppTec Raises US$1 Billion in Hong Kong Stock Exchange Listing (Asia)

Global alternative investment manager Värde Partners has announced the final close of Värde Asia Credit Fund with US$400 million in capital commitments. Investors in the fund include institutions from Asia,

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Värde Partners Raises US$400 Million for Debut Asia Fund (Asia)

Global alternative investment manager Värde Partners has announced the final close of Värde Asia Credit Fund with US$400 million in capital commitments. Investors in the fund include institutions from Asia,

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Lexington Partners Leads US$1 Billion Stapled Secondary Acquisition of Stakes in TPG Asia Funds (Asia)

A consortium led by global secondaries investor Lexington Partners has completed a US$1 billion secondary transaction to acquire stakes in TPG Asia V and TPG Asia VI, funds managed by

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Warburg Pincus Leads US$74 Million Series E Round for Fusion Microfinance (Asia)

Global private equity fund manager Warburg Pincus has led a Series E financing round of INR5.2 billion (approximately US$74 million) for India-based microlender Fusion Microfinance. Previous backer Creation Investments Capital

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Warburg Pincus Sells Partial Stake in ICICI Lombard General Insurance for US$164 Million (Asia)

Global private equity fund manager Warburg Pincus has partially exited its stake in India-listed ICICI Lombard General Insurance Company for INR11.4 billion (approximately US$164 million), selling 14.3 million shares via

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NIIF Holds USD2 Billion Third Close for NIIF Master Fund

India’s National Investment and Infrastructure Fund (NIIF) has held a third close for NIIF Master Fund with USD2 billion in commitments. As part of the close, pension funds AustralianSuper and

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DPI Invests USD35 Million in IFS

Pan-African private equity fund manager Development Partners International (DPI) has invested USD35 million in African facilities management specialist International Facilities Services (IFS). The company provides catering, maintenance, laundry, and housekeeping

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