India
Local LPs now account for 52.7% of the capital raised by India-focused PE-VC funds, per a report.
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Singapore
It made the investment through Turn Capital Opportunities Fund 1.
Original LP commitments totalled roughly $5.5 billion, the report stated.
Greater China
The state fund is looking to sell the assets via a secondaries transaction.
The investment values the renewable energy company at 146 billion rupees.
Rest of Asia
Potential carve-out assets are in Taiwan, South Korea, and Southeast Asia.
The offering consists vehicles managed by Chinese funds with assets in Greater China.
RedBird Capital and Jared Kushner’s Affinity Partners also agreed to finance the bid.
ICICI Pru is also awaiting the nod to buy ICICI Ventures as part of its PE expansion.
State-linked CNBM New Materials Fund and IDG co-led the investment.
