LGT Group Acquires Impact Investor Aspada from Soros Economic Development Fund

LGT Group, a global bank and alternative investment fund manager, has acquired India-focused impact investment firm Aspada from the Soros Economic Development Fund. Aspaga will join LGT’s existing impact investing arm, LGT Lightstone, to form Lightstone Aspada in India. LGT Lightstone will continue to focus on investment opportunities in Asia,… Read More

Pet Doctor Secures USD18 Million Investment from Fosun International

China-based pet services platform Pet Doctor will receive CNY130 million (USD18 million) in funding from Chinese investment group Fosun International. Pet Doctor intends to use the fresh capital to expand its nationwide sales network. Previous backers of the company include CICC Capital, Puhua Capital, and Probing Venture Capital. Read More

KKR and GGV Lead USD85 Million Investment in Huohua Siwei

Global alternative investment manager KKR and Asia- and North America-focused venture capital firm GGV Capital have led a USD85 million investment in Huohua Siwei, a China-based online education platform. Other investors in the round include fund managers Sequoia Capital, IDG Capital, Northern Light Venture Capital, Hike Capital, Lightspeed Venture Partners,… Read More

Anthem Asia Invests USD1 Million in Shan Orchard Myanmar

Myanmar-focused private equity firm Anthem Asia has invested USD1 million in Shan Orchard Myanmar, a Myanmar-based grower and processor of avocados. Shan Orchard reportedly represents the first investment from Anthem’s Myanmar SME Venture Fund, which achieved a first close of USD34.5 million in August 2018. Read More

BaltCap to Exit auto24 to Apax-Backed Baltic Classifieds Group

BaltCap, a private equity firm focused on the Baltic countries, has agreed to sell Estonia-based online advertising company auto24 to Baltic Classifieds Group, a Lithuania-based advertising company owned by global private equity advisor Apax Partners. auto24 operates automotive classifieds portal itsauto24.ee and generalist classifieds website kuldnebors.ee. BaltCap and auto24’s management… Read More

Kobo360 Receives USD20 Million Series A Investment Round Led by Goldman Sachs

Nigeria-based freight logistics business Kobo360 has secured USD20 million in a Series A funding round led by global asset manager Goldman Sachs. Additional participants in the round include early-stage investors TLcom and Y Combinator, development finance institution IFC, Asia Africa Investment & Consulting, and local Nigerian banks. Kobo360, which helps… Read More

Actis Long Life Infrastructure Fund Reaches USD1.2 Billion Final Close

Global growth markets investor Actis has reached a final close for Actis Long Life Infrastructure Fund with USD1.2 billion in commitments. Investors in the fund include institutional investors from North America, Europe, Latin America, the Middle East, and Asia. The fund, which will mobilize up to USD2 billion considering co-investment… Read More

East Ventures Reaches USD75 Million Final Close

Southeast Asia-focused venture capital firm East Ventures has reached a final close for its sixth fund with USD75 million in capital commitments. Investors in the fund include high-net worth individuals Xing Wang, Eduardo Saverin, and Kaling Lim; family offices such as Sinarmas Group, Triputra Group, and Emtek Group; fund of… Read More



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