asia globe map

KKR & TPG near first close for their Asia-focussed funds


KKR’s first close will be at around $4b, and for TPG, it will be over $2b.

Wal-Mart launches tech incubator, investment arm for e commerce push

Wal–Mart Stores Inc, the world’s largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday. The plan is being spearheaded by Marc Lore, Wal–Mart‘s e-commerce chief, who joined the Bentonville, Arkansas-based company from… Read more »

500 Startups opens Melbourne office, secures $2.3m from LaunchVic

LaunchVic is Victorian state’s A$60-million fund.

Australian Senate approves equity crowdfunding legislation

Only unlisted public companies are allowed to raise funds.

OCP Asia raises $200m direct loan fund as banks pull back

OCP Asia raised $200 million for a fund that will lend directly to small- and medium-sized companies as banks have pulled back on loans they deem risky. OCP’s private equity-like fund, Landmark II, completed fundraising earlier this year to bring the amount of assets the firm managed to $1.3 billion… Read more »

Uber President Jones quits amid turmoil and search for COO

This comes amid many controversies engulfing the firm.

Deutsche Bank to raise $8.6b from selling shares at 35% discount

Deutsche Bank AG said it will raise 8 billion euros ($8.6 billion) by selling stock at a 35 percent discount to last week’s closing price as Germany’s largest lender seeks to shore up its finances and boost growth. The company will issue 687.5 million new shares at 11.65 euros apiece,… Read more »

Our focus is high-value NZ exporters: Randal Barrett, Pioneer Capital

Pioneer Capital’s Randal Barrett on latest fund and Australasian PE.

Australia: SproutX closes $7.6m agritech fund backed by Artesian, Hostplus

The accelerator, with 10 startups, will launch later this year

Investment banks ditch the diet and look to expand: Study

Investment banks have been on an “intensive diet” since 2011.