Author: Deal Street Asia Online News

GFC expects its SE Asia deal pace to continue but will adopt selective approach

Seed- and growth-stage investor Global Founders Capital (GFC), which has backed the likes of Traveloka and Lazada, is planning to invest in more than 10 early-stage companies in the next six months in Southeast Asia but will adopt a selective approach given the changing environment for tech investments, a top executive said. “As the environment… Continue reading GFC expects its SE Asia deal pace to continue but will adopt selective approach

Taiwanese insurers Cathay Life, Fubon Life commit $91m to three funds

Taiwanese insurers Cathay Life Insurance and Fubon Life Insurance have made a total of $91 million in new capital commitments to three funds, according to separate filings on the Taiwan Stock Exchange. Cathay Life Insurance, the insurance subsidiary of Taiwanese conglomerate Cathay Financial Holdings, has agreed to commit €30 million ($31 million) to The Eighth… Continue reading Taiwanese insurers Cathay Life, Fubon Life commit $91m to three funds

Viva China close to buying controlling stake in UK shoemaker Clarks

Viva China Holdings, a Chinese sports talent agency founded by gymnast-entrepreneur Li Ning, moved a step closer to taking control of British shoe brand Clarks. Hong Kong-traded Viva China, which owns Li’s namesake sports apparel brand, said Wednesday that shareholders approved the plan to acquire Clarks. The deal will help Viva China to further expand… Continue reading Viva China close to buying controlling stake in UK shoemaker Clarks

Australia’s tech-focused PE firm Potentia Capital closes second fund at $441m …

Potentia Capital, a technology-focused private equity firm in Australia and New Zealand, has closed its second fund at A$635 million ($441 million) hard cap, including GP commitment, according to a statement. The fund, Potentia Capital Fund II, which exceeded its target size of A$500 million, brings Potentia’s total assets under management to over A$1 billion.… Continue reading Australia’s tech-focused PE firm Potentia Capital closes second fund at $441m …

People Digest: Matthews Asia appoints new CEO; Citi names family office head

Regional asset manager Matthews Asia has appointed Cooper Abbott as CEO while Citi Private Bank has named Hannes Hofmann as the global head of the family office group. Matthews Asia appoints new CEO Regional asset manager Matthews Asia has appointed Cooper Abbott as the chief executive officer, according to an announcement. Cooper succeeds William Hackett,… Continue reading People Digest: Matthews Asia appoints new CEO; Citi names family office head

People Digest: Vertex Ventures SEA & India, Coinbase make senior appointments

Vertex Ventures Southeast Asia and India (VVSEAI) has announced the promotions of Pui Yan Leung and Kanika Mayar, to partners while crypto exchange Coinbase has appointed Arnab Kumar, a former executive at Prosus Ventures, as director of India market expansion.  Vertex Ventures SEA & India announces promotions Vertex Ventures Southeast Asia and India (VVSEAI) has… Continue reading People Digest: Vertex Ventures SEA & India, Coinbase make senior appointments

Crypto hedge fund Three Arrows Capital seeks to cool liquidation rumours …

Cryptocurrency hedge fund Three Arrows Capital said on Wednesday it was committed to working things out, seemingly addressing social media chatter that it is facing liquidation issues. “We are in the process of communicating with relevant parties and fully committed to working this out,” Su Zhu, the co-founder said in a tweet, without going into further detail. The Singapore-based hedge fund was set up in 2012,… Continue reading Crypto hedge fund Three Arrows Capital seeks to cool liquidation rumours …

ISMAYA GROUP bags $18.1m from East Ventures, Falcon House

ISMAYA GROUP, a leading F&B lifestyle brand in Indonesia, announced on Wednesday that it has raised $18.1 million led by East Ventures (Growth Fund) with participation from existing investor Falcon House Partners. The funding comes as Indonesia’s hospitality industry limps back to normal after about two years of social restrictions taken to prevent COVID-19 infections,… Continue reading ISMAYA GROUP bags $18.1m from East Ventures, Falcon House

Goldman backs Chinese AI robotics firm MegaRobo in $300m funding round …

MegaRobo Technologies, a Chinese firm that applies robotics and artificial intelligence (AI) in life sciences research, has pocketed $300 million in a Series C round of financing. Goldman Sachs’ private investment arm, venture capital (VC) company GGV Capital, and Asia Investment Capital led the round, with participation from Sinovation Ventures, Pavilion Capital, and Starr Capital,… Continue reading Goldman backs Chinese AI robotics firm MegaRobo in $300m funding round …