By Pramugdha Mamgain
Penyao EP is preparing for an IPO in China.
Proposal to allow HKEX to make a play for secondary listings from Chinese firms.
Matrix Partners China, BRV Aster Fund and Hike Capital joined the round.
BlueCrest opened the office in 2014 to house the Asian stock team.
Chezhibao had raised a $100m Series C round in March this year, led by PAG.
Blackstone and a Warburg Pincus consortium are other suitors for GLP.
This is the company’s biggest funding round yet.
The investment would be part of Grab’s fundraising
led by SoftBank
It had closed its second fund at $315 million in October 2015.
Its first ever equity investment of $150m aims to help attract private capital for infra projects in India.