Finance
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CIP to divest 65 percent stake in LMG Chemicals, its manufacturing and distribution subsidiary
CIP has long been attempting to sell the shell company of LMG.
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Sequoia China, CMC Holdings to establish sports investment fund
Sequoia Capital China and China Media Capital (CMC) have jointly established a sports investment fund to back and consolidate global premium sports assets. The two VC firms said today, that the fund has completed its…
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Carlyle to launch new fund backed by IFC, targeting US$1 billion commitment to invest in India and China
The Carlyle Group, a US-based private equity firm is raising US$1 billion under its Asian growth fund to further expand its investment portfolio in China and India. Participating in the growth fund as one of…
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Formation Group raised US$357 million for debut fund to invest in early and growth stage companies
Formation Group has recently raised US$357 million of commitments for its Formation Group Fund 1 which will be investing in a concentrated number of early and growth stage companies.
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Temasek unit Heliconia launches US$422 million International Partnership Fund to help Singaporean firms expand globally
International Partnership Fund, hereby known as IPF has been launched in government capital and managed by Temasek’s private equity unit, Heliconia to help local firms acquire regional peers.
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Indonesian Kejora Ventures announces first close of US$80 million fund for growth-stage startups in Southeast Asia
Indonesia-based VC firm Kejora Ventures has announced on Wednesday news regarding the first close of its Kejora Star Capital II Fund, which is targeted at US$80 million for investments in Southeast Asia. Kejora, which is…
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Vietnamese angel investors launch US$5 million Innovatube Fund to focus on frontier tech
Redefining itself as a venture capital firm, Innovatube, a startup incubator with branches in Vietnam, Singapore, Hong Kong, and the United Kingdom, has initiated a US$5 million pre-seed fund for Southeast Asian startups. Innovatube Fund…
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CapBridge and Gordian Capital to launch US$100 million rules-based CapBridge Investment Trust to invest in private securities
Singapore’s CapBridge and Gordian Capital has formed a partnership to launch CapBridge Investment Trust (CIT), a rules-based investment trustr for private securities that has just launched.
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Israeli JOY Ventures launches US$50 million neuro-wellness fund
Joy Ventures, a new Israeli investment firm, has recently initiated a US$50 million fund along with an inauguration of office in Herzliya Pituach. The venture vehicle will be focused on an emerging field of technology…
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Indian telecommunications firm Tikona Digital gets US$171 million loan from US govt agency
Tikona Digital Network has received a US$171 million commercial loan from Overseas Private Investment Corporation on Tuesday. This latest proceeds will be used for market expansion.
