India-focused private equity firm Jashvik Capital has scored the first close of its maiden $350 million fund, according to various media reports. The fund is understood to be scouting for profitable growth businesses in the healthcare, pharma and consumer sectors. Jashvik Capital anticipates to close its inaugural fund, which was announced in July, within a year.… Continue reading India-focused PE Jashvik Capital holds first close of $350m maiden fundJashvik Capital launched the fund in July and expects to close within a year.
Author: Deal Street Asia Online News
KKR said to have raised $6b for biggest Asia infrastructure fund
KKR & Co Inc has raised nearly $6 billion for its second Asia Pacific infrastructure fund at the first-close, marking the biggest ever private equity fundraising for the sector in the region, two sources familiar with the matter told Reuters. The record commitments to the fund just seven months after its launch underscores investors’ appetite to buy into diversified infrastructure assets at a time when soaring inflation and higher… Continue reading KKR said to have raised $6b for biggest Asia infrastructure fund
Shanghai food supplier’s books reveal big profits under COVID crisis
The profitability surge of a Shanghai food supplier seeking a Hong Kong listing, disclosed in an exchange filing, gives a rare peep under the hood into a cohort of Chinese companies that have benefited from President Xi Jinping’s zero-COVID policy. Pang Pang Xiang (China) Company Ltd saw its gross profit margin surge to more than 50% in January-May, compared with roughly… Continue reading Shanghai food supplier’s books reveal big profits under COVID crisis
Private investment platform Moonfare’s AUM up 87% YoY to $2.18b
Digital private equity platform Moonfare announced that its assets under management (AUM) grew by 87% year-on-year to €2.18 billion ($2.18 billion) in the year ending September 2022. In a statement, the Berlin-based firm said the increase in its AUM was driven by the growing number of individual investors, who take refuge in private markets amid… Continue reading Private investment platform Moonfare’s AUM up 87% YoY to $2.18b
Climate Investment Funds sets aside $1b for clean power move in Indonesia, S AfricaBoth countries will be able to access $500m from CIF’s programme.
Climate Investment Funds, a leading multilateral investor in developing countries, said it will allocate $1 billion to help South Africa and Indonesia move away from coal to clean power. The move comes ahead of the next round of global climate talks in Egypt in November, at which emerging markets are set to once again push… Continue reading Climate Investment Funds sets aside $1b for clean power move in Indonesia, S AfricaBoth countries will be able to access $500m from CIF’s programme.
Elon Musk’s Twitter ownership begins with firings, uncertainty
Elon Musk became Twitter Inc’s new owner on Thursday, firing top executives he had accused of misleading him and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. The CEO of electric car maker Tesla Inc has said he wants to “defeat” spam bots… Continue reading Elon Musk’s Twitter ownership begins with firings, uncertainty
B2B marketplace Udaan raises $120m, seeks to go public in 12-18 mths
Business-to-business (B2B) marketplace Udaan, backed by investors such as Lightspeed India Partners and GGV Capital, has secured $120 million in convertible notes and debt, the company’s chief financial officer Aditya Pande told employees in an internal mail. The round has been led by the startup’s existing shareholders and bondholders. Following the current fundraising, Udaan now… Continue reading B2B marketplace Udaan raises $120m, seeks to go public in 12-18 mths
FMO to invest in SG-based SME financing platform Validus
Dutch development bank FMO has proposed to invest $650,000 in Singapore-based SME financing platform Validus to provide additional capital needed to grow the company’s operations. If approved, the proposed investment will bring FMO’s total funding in Validus to about $6.22 million. The Dutch lender first invested $6.08 million in the SME financing platform in 2019… Continue reading FMO to invest in SG-based SME financing platform Validus
APG, CapitaLand Investment enter JV, to take over SG self-storage operatorAPG will hold 90% stake in the entity formed to establish an Asia-focused se…
Dutch pension fund manager APG Asset Management has teamed up with Singapore-listed real estate company CapitaLand Investment (CLI) to acquire self-storage operator Extra Space Asia (ESA) for approximately S$570 million ($405 million) through a joint venture deal, according to a statement. APG will hold a 90% stake in a newly-formed entity set out to establish… Continue reading APG, CapitaLand Investment enter JV, to take over SG self-storage operatorAPG will hold 90% stake in the entity formed to establish an Asia-focused se…
Lamudi’s holding entity EMPG raises $200m led by Jared Kushner’s Affinity Partners
Emerging Markets Property Group (EMPG), the holding company of Indonesian property listing platform Lamudi, on Thursday announced that it has raised $200 million in funding led by US-based Affinity Partners, which is Jared Kushner’s global investment firm. Kushner, the son-in-law and former aide to ex-US president Donald Trump, has raised more than $3 billion in… Continue reading Lamudi’s holding entity EMPG raises $200m led by Jared Kushner’s Affinity Partners