Sino-Ocean Capital, the investment arm of real estate state-owned enterprise Sino-Ocean Group Holding, has led a RMB500 million (US$78 million) series B+ round in Chinese co-working space operator Nashwork.
Conrad Tsang, founder and chairman of Hong Kong-based investment firm Strategic Year Holdings Ltd., sat down earlier this week with China Money Network on the sidelines of the China Private Equity Summit 2018, organized by the Hong Kong Venture Capital and Private Equity Association (HKVCA). Tsang founded his own firm in 2015 after spending 13 years at Baring Private Equity Asia, last serving as managing director at the global private equity firm. During the early years of his career, he …
Chinese private equity fund Green Harbor Investment has led a RMB800 million (US$125 million) series D round in Nanjing-based customer-to-business used car auction platform Chezhibao.
Pan-Asia logistics real estate developer ESR, backed by Chinese investors, has completed US$575 million in fund raising for its most recent Japan fund, bringing the total equity closings for the fund to US$1.2 billion, the company announced.
CITIC Capital Silk Road Fund, a pan-Eurasia themed fund managed by CITIC Capital Holdings Limited, said it had recently completed its investments into Shanghai Railink International Intermodal Logistics and Atasu Group respectively.
Global investment firm KKR today announced the appointment of real estate veteran John Pattar as member and head of KKR’s real estate business in Asia Pacific.
Singapore-based global provider of logistics solutions GLP said that it had established a RMB10 billion (US$1.6 billion) investment fund dedicated to investing in the logistics sectors in China.
Stockholm-headquartered EQT Partners has reached final closing of the EQT Mid Market Asia III fund with total commitments of US$800 million. The fund seeks to make control or co-control investments in companies in Greater China and Southeast Asia with significant growth and development potential, the firm said today.
Jason Tan (pictured), a former Tiger Global executive, has joined investment firm Jeneration Capital Management as partner and chief investment officer, the firm announced today.
Chinese internet giant Baidu Inc. has sold a majority stake in its Financial Services Group (Baidu FSG) for US$1.9 billion to an investor group led by TPG and The Carlyle Group, with participation from Taikang Group, ABC International Holdings and others.
Arctic Green Energy, a renewable energy company focusing on creating zero-emission cities, has completed a new funding deal from CITIC Capital, China Everbright Ltd. and Asian Development Bank. CITIC Capital, an early investor in Arctic Green Energy since 2015, has exercised its conversion rights to acquire equity of US$30 million in Arctic Green Energy. China Everbright Ltd. has purchased shares and an exchangeable bond issued by Arctic Green Energy for a total of US$70 million. Previously, Arctic Green Energy announced …
Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd, has announced the launch of a US$275-million special investment fund dedicated to Chinese technology start-ups.
China Reform Fund Management Co.,Ltd, a private equity firm backed by China Reform Holdings Corporation Ltd and other central state-owned enterprises, has led a RMB1 billion (US$159 million) series C round in 100Credit, a fintech start-up that uses big data to provide credit services.
InfraRed NF, a Hong Kong-based real estate investment fund, has paid US$50 million for a 90% stake in Hong Kong self-storage provider RedBox Storage Limited, according to an announcement from InfraRed NF.
JD.com Inc., China’s second-biggest e-commerce company, will invest RMB537 million (US$85 million) in Allianz China General Insurance, taking a 33% stake and becoming its second largest shareholder, according to the announcement published by the Insurance Association of China.
The Ireland Strategic Investment Fund, a €8.0 billion sovereign development fund managed and controlled by Ireland National Treasury Management Agency, has teamed up with China’s CIC Capital Corporation to establish a €150 million fund to invest in high-growth Irish technology firms with an ambition to access the Chinese market, and Chinese firms seeking to use Ireland as a base for European operations.
LaSalle Investment Management has raised over US$1.1 billion of equity for LaSalle Asia Opportunity V, exceeding the initial US$750 million target announced at the fund’s launch in August 2016.
China’s social media giant Tencent Holdings has led a RMB617 million (US$98.2 million) series A round in Chinese video news platform Pear Video. It marks the latest in a series of recent investments in the video space by Tencent.
Cathay Capital Private Equity, a sino-Europe cross-border private equity firm, has teamed up with Total Energy Ventures and Hubei High Technology Investment Guiding Fund Management to launch Cathay Smart Energy Fund, an investment fund dedicated to the new energy sector in China.
Century Bridge Capital, a private real estate investment fund focused on investing in residential property projects in smaller cities in China, announced today that it has successfully exited and repatriated the proceeds from its investment in Dalian, China.
KKR today announced the launch of a multi-brand digital marketing company in China, as the global investment firm aims to create a consolidated marketing platform in the segmented Chinese digital marketing space.
One of the most significant financial relationships between China and the U.S. has come to an end with the news that China’s sovereign wealth fund China Investment Corp (CIC) has sold its stake in U.S. private equity firm Blackstone Group LP.
Jing Hong (pictured), a partner at Chinese private equity and venture investment firm Hillhouse Capital, has reportedly left the company to start her own fund. This is the latest in a string of investment professionals leaving established firms to set up their own fund to tap into the booming private investment market in China.
Hong Kong-based real estate investment firm Gaw Capital Partners said it has completed a deal to acquire a retail portfolio comprising 17 shopping centers in Hong Kong via one of its funds and consortium partners including Goldman Sachs.
Chinese private equity group Orient Hontai Capital has agreed to buy a 53.5% stake in Spanish media firm Imagina Media Audiovisual, valuing the target company at an enterprise value of EUR1.9 billion (US$2.34 billion).
An investor corsortium led by funds managed by CITIC Capital Holdings Ltd. and Chinese media firm Caixin Global has reached an agreement to acquire a unit of London-listed Euromoney Institutional Investor PLC for US$180.5 million, the firms announced today.
Canada Pension Plan Investment Board (CPPIB) and Chinese property developer Longfor Properties Co. Ltd announced today they are extending their cooperation to include two new mixed-use real estate development projects in Chengdu and Shanghai in China, for a total CPPIB commitment of approximately RMB4.2 billion (US$663 million).
Japan’s financial services firm Orix Corp has led a US$70 million follow-on series D round funding in Chinese peer-to-peer lending platform Dianrong, and plans collaboration between the two companies.
Chinese Internet security firm Qihoo 360 Technology Co. Ltd. has teamed up with Beijing Cultural Center Fund to established a RMB1 billion (US$150 million) Internet and culture industry-focused fund.
U.K.-listed Intermediate Capital Group (ICG) and its funds have acquired a 100% stake of Singapore’s private eduction institution PSB Academy (PSB) from Baring Private Equity Asia (BPEA).
Pan-Asia private equity firm Baring Private Equity Asia said that its affiliated private equity funds have sold Korean cement business Halla Cement to Taiwan-based Asia Cement for a total enterprise value of US$723 million, marking a quick exit for a business it acquired less than two years ago.