Author: Deal Street Asia Online News

Malaysia’s Bintang launches $47m fund for gender diversity in semiconductor industryBSIF I will invest in growth-stage semiconductor companies.

Malaysia-based private equity firm Bintang Capital Partners has launched a new impact fund with a focus on women empowerment in the local semiconductor industry, according to a statement. The vehicle, Bintang Semiconductor Impact Fund I (BSIF I), targets a corpus of up to 200 million ringgit ($47 million) to invest in growth-stage semiconductor companies with… Continue reading Malaysia’s Bintang launches $47m fund for gender diversity in semiconductor industryBSIF I will invest in growth-stage semiconductor companies.

Hong Kong moves to set up $1.2b FoF to invest in Innovation & TechnologyHK has announced a series of measures to bolster investments in the private se…

The Hong Kong government will set up a HK$10 billion ($1.2 billion) fund-of-funds (FoF)—the I&T Industry-Oriented Fund—to invest in the Innovation & Technology (I&T) sector in a move to boost the city’s technology sector, according to an announcement.  The I&T-focused FoF will inject capital into the life and health technology, AI and robotics, semiconductors and… Continue reading Hong Kong moves to set up $1.2b FoF to invest in Innovation & TechnologyHK has announced a series of measures to bolster investments in the private se…

Sales commission management platform Everstage raises $30m in Series B roundThe round was led by Eight Roads Ventures.

Sales commission management platform Everstage on Wednesday said it has raised $30 million in its Series B round of funding led by Fidelity-backed global venture capital firm Eight Roads Ventures. Everstage, which counts SaaS unicorns like Chargebee, Postman and Nitro as some of its customers, said the round also saw participation from existing investors, Elevation… Continue reading Sales commission management platform Everstage raises $30m in Series B roundThe round was led by Eight Roads Ventures.

China’s Zeekr rolls out EV in Australia, next stop New ZealandGeely’s premium brand has made a promising start with the sport utility vehicle X.

Chinese EV maker Zeekr has begun sales of its first model for Australia – one of two slated for 2024 and both will also launch in New Zealand later this year as it seeks to make Oceania a key overseas market. Geely’s premium brand has made a promising start with the sport utility vehicle X,… Continue reading China’s Zeekr rolls out EV in Australia, next stop New ZealandGeely’s premium brand has made a promising start with the sport utility vehicle X.

KKR set to launch $1.8b sale of Singapore logistics firm GoodpackKKR has decided to put Goodpack up for sale four years after its first such attempt.

KKR & Co is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around $1.8 billion, people with knowledge of the matter said. The private equity giant has hired Deutsche Bank and Rippledot to advise on the sale and a formal… Continue reading KKR set to launch $1.8b sale of Singapore logistics firm GoodpackKKR has decided to put Goodpack up for sale four years after its first such attempt.

Malaysia’s Khazanah launches new fund-of-funds initiatives to fuel local tech sceneThe programmes aim to back local emerging GPs and attract overseas …

Malaysian sovereign wealth fund Khazanah will launch new initiatives to boost its venture capital ecosystem, following the acquisition of Malaysia Venture Capital Management (MAVCAP) and Penjana Kapital in July this year. Khazanah’s National Fund-of-Funds (NFOF) plans to commence the Emerging Fund Managers’ Programme (EMP) next month, which will be opened to all local general partners… Continue reading Malaysia’s Khazanah launches new fund-of-funds initiatives to fuel local tech sceneThe programmes aim to back local emerging GPs and attract overseas …

Temasek-backed LeapFrog nears close of $1b flagship fund amid headwindsIt is also said to be weighing an exit from Indonesia’s Reliance Capital.

Global impact fund manager LeapFrog Investments is said to be finalising the close of its targetted $1-billion fund by the end of this year, marking a delay of more than six months from its original timeline, according to people familiar with the situation. Go to Source