Mars Woo

Correspondent, Philippines

Flexstone, Australia’s Hostplus to launch US private equity programme

Flexstone will invest over the next three years in the first, second, or third funds of US mid-market PE managers on behalf of the Australian superannuation fund.

Sequoia China, Hillhouse heads may land key role in Shanghai’s new tech board: Report

Sequoia Capital China founder and managing partner Neil Shen Nanpeng and Hillhouse Capital CEO Zhang Lei are among the candidates for the consultative committee that would decide which companies could list on the upcoming Nasdaq-style technology board in Shanghai.

Chinese e-commerce platform Yunji files for US IPO

Yunji reportedly hopes to fetch a valuation of between $7 billion and $10 billion in the IPO.

Singapore’s iVideoSmart raises $4.5m led by Kickstart Ventures

Kickstart Ventures is the VC arm of Philippine telco giant Globe Telecom. It is also backed by Ayala Corporation and Singapore’s Singtel.

Singapore’s B Capital adds former Apple exec as new partner

B Capital’s other partners are Saverin, Raj Ganguly, Gavin Teo, Kabir Narang, Allen Duan, and Virginia Schmitt.

Singapore’s Frasers raising stake in PGIM Real Estate Asia Retail Fund

PGIM Real Estate Retail Fund is the latest fund of PGIM Real Estate, the largest non-listed retail mall fund in Singapore. It said it intends to finance the deal via internal funds, external borrowings or a combination thereof.

IFC mulls $50m loan package for Sri Lankan mid-sized lender

The investment proposal entails an A loan of up to $16 million and mobilization via non-agented parallel loans of up to $34 million.

Moonrise Capital holds first close of debut China-focused fund

The venture capital fund, Moonrise China Partners I, was launched in February 2018 with a target of $125 million.

China’s Up Fintech raises $104m after pricing US IPO above range

Up Fintech, which is backed by Jim Rogers, priced 13 million American depositary shares (ADSs) at $8 apiece, above its target range of $5-7 a share.

HarbourVest makes initial close of APAC PE fund at $87.5m

In 2018, the firm closed its flagship Europe, Asia, and emerging markets-focused fund at $1.7 billion.