GTR Ventures

People Digest: EQT promotes Chang to partner; Allianz, J. Safra Sarasin, Deloitte appoint top execs


Swedish PE firm EQT has promoted Singapore-based Brian Chang to partner, effective January 1, 2019.  

Finn Partners acquires Hong Kong-based consultancy CatchOn

The deal, which increases Finn’s total Asia headcount to more than 70, follows the 2018 acquisitions of London-based Brighter Group and US-based Missy Farren Associates.

US pension fund SFERS commits $161m to CMC Capital, Lightspeed China, Fifth Wall funds

SFERS had previously invested $100 million in CMC Capital Partners II in 2016.

People Digest: AlpInvest makes Japan hire; Jardine Matheson appoints outsourced CIO

AlpInvest Partners has made its first dedicated hire in Japan while Hong Kong-based Jardine Matheson has appointed an outsourced chief investment officer for its pension assets.

Citigroup to end Chinese securities JV to set up majority-owned venture

China’s securities regulator approved UBS Group’s majority stake in its securities JV, making it the first foreign bank to take such control.

China: SenseTime backs WeRide; Starquest leads funding for Miaoshou Doctor

Autonomous driving startup WeRide has raised “tens of millions of US dollars” in fresh funding from AI firm SenseTime and ABC International, a wholly owned subsidiary of the Agricultural Bank of China.

China’s HNA Group touts assets for sale as funding crunch intensifies

The range of assets spans a hotel project in frozen Harbin and stakes in struggling online lender Dianrong, insurer Bohai Life and brokerage HNA Futures.

Chinese bitcoin mining chip-maker Canaan mulls US listing after shelving plans for HK IPO

The Chinese company, which was earlier targeting to raise about $1 billion, is discussing the possibility of selling shares in New York as soon as the first half.

Chinese web giants driving Latin America’s mobile tech boom

Long term, Beijing wants to cement deals with countries that are both resource-rich—a critical need for Chinese industry—and have growing consumer demand. Often, those nations and their technology firms are seeking Chinese expertise—and money.

China Everbright’s PE vehicle makes final close at $539m

The fund has already invested over $350 million in various portfolio firms.