Blackstone has joined forces with independent asset manager Alyssa Partners to acquire assets in four Japanese cities while Morgan Stanley Real Estate Investing has acquired a portfolio of four logistics assets in cities surrounding Shanghai from Singapore-based SC Capital Partners. Blackstone acquires assets in Japan for $157m PE firm Blackstone has joined forces with independent… Continue reading Asia Digest: Blackstone acquires assets in Japan; MSREI snags four logistics assets in China
Author: Deal Street Asia Online News
US pension fund set to commit $75m to LaSalle’s sixth Asia real estate fund
The Los Angeles-based Water and Power Employees’ Retirement Plan (WPERP) has finalised its $75-million commitment to LaSalle Investment Management’s sixth Asia real estate fund, according to the US pension fund’s May investment report accessed by DealStreetAsia. The had earlier committed up to $60 million from its Retirement Fund and up to $15 million from the… Continue reading US pension fund set to commit $75m to LaSalle’s sixth Asia real estate fund
Asia Digest: Infomedia buyout offer; GD1 backs tech fund; iFarmer fundraise …
Australia’s Infomedia has received a preliminary buyout offer while GD1 joins as the lead investor in a new fund from fellow New Zealand VC firm Phase One Ventures. Meanwhile, Bangladesh-based agri platform iFarmer completed its pre-Series A round. Battery Ventures bids $471m for Infomedia Australia-listed SaaS player Infomedia Ltd has received a A$657.6 million ($466.76… Continue reading Asia Digest: Infomedia buyout offer; GD1 backs tech fund; iFarmer fundraise …
Euphoria over, SE Asia’s dozen first-time fund managers will be put to test
As the Southeast Asian private equity (PE) and venture capital (VC) industry comes of age, fundraising has become more vibrant, including activity by first-time funds focusing on the region. However, the ongoing turbulence in the market will put emerging managers to test. A dozen new-to-market PE and VC vehicles announced their first or final close… Continue reading Euphoria over, SE Asia’s dozen first-time fund managers will be put to test
SBI Ven Cap to invest in 12-16 startups with latest digital innovation fund
Japan’s fintech conglomerate SBI Holdings recently launched a digital innovation fund with a target of $75 million. The fund will be managed by SBI Ven Capital (SBIVC), the venture capital arm of SBI Holdings, with general partners including South Korea’s Kyobo Securities and NTUitive, the commercialisation arm of Nanyang Technological University. SBIVC was founded in… Continue reading SBI Ven Cap to invest in 12-16 startups with latest digital innovation fund
China Digest: CPU developer HJ Micro snags $120m; PPIO raises $38m Series A …
HJ Micro, a Chinese developer of central processing units (CPUs), has raised 800 million yuan ($120.1 million) from lead investors including GL Ventures. Separately, distributed cloud computing startup PPIO has closed its Series A round at almost 250 million yuan ($37.6 million). CPU developer HJ Micro nets $120m HJ Micro, a Chinese developer of CPUs… Continue reading China Digest: CPU developer HJ Micro snags $120m; PPIO raises $38m Series A …
Moody’s downgrades SoftBank outlook to ‘negative’ citing tech slide, leverage
Japan’s SoftBank Group Corp had its credit outlook cut to “negative” from “stable” on Tuesday by ratings agency Moody’s Investors Service which cited a decline in the value of its portfolio and estimated the tech investor’s leverage had risen. SoftBank this month reported a record loss at its Vision Fund unit as tech valuations slid, with founder and Chief Executive Masayoshi Son promising to rein in investing activity… Continue reading Moody’s downgrades SoftBank outlook to ‘negative’ citing tech slide, leverage
Japan’s Chubu Elec to buy 20% stake in India’s OMC Power for $39m
Japan’s Chubu Electric Power Co Inc said on Tuesday it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India’s rural renewable energy service company, OMC Power Private Ltd, through a third-party allotment of shares. OMC operates about 280 renewable energy plants to provide electricity for telecom companies, small and medium businesses and rural houses via mini-grids, using storage batteries, in the states of… Continue reading Japan’s Chubu Elec to buy 20% stake in India’s OMC Power for $39m
HK’s Gaw Capital Partners acquires residential assets in Japan
Hong Kong-headquartered real estate private equity firm Gaw Capital Partners has acquired Japanese residential assets in prime locations in Tokyo and other major cities in Japan for an undisclosed amount. The acquisition was made through Gaw’s separately managed account held by Qatar Investment Authority (QIA), according to an announcement. The transaction covers 21 assets in… Continue reading HK’s Gaw Capital Partners acquires residential assets in Japan
Valor Equity leads $20m funding in Synaptic and India deals worth $450m …
India, Gurugram-based Synaptic, an alternative data insights startup, on Tuesday announced that it has raised $20 million in its Series B funding round led by Valor Equity Partners. With the funding, Synaptic will continue to invest in product innovations, double down on its data science capabilities, partnerships with data vendors and expand its go-to-market teams… Continue reading Valor Equity leads $20m funding in Synaptic and India deals worth $450m …