China: GSR Capital launches $1b fund to invest in LED lighting

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As industry shifts from conventional lighting to LED and the global manufacturing value chain consolidates, several leading lighting businesses, including Philips and Osram- have been put on the block. GSR Capital is a leading participant in these buyout deals

Yahoo to weigh bids from Verizon, TPG, YP as first round closes

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For Verizon, Yahoo represents a strategic investment. The company would probably combine the online businesses with AOL, which Verizon acquired last year.


Australia: CEFC, Palisade outline $1b investment plan for renewable energy projects

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Australia’s Clean Energy Finance Corp (CEFC) and Palisade Investment Partners (Palisade) have laid out a $1 billion investment plan to boost the develoment of local renewable energy (RE) projects.


Brookfield amasses $9b for new real estate fund, 30% higher than initial target

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The new property fund will continue to be focused on investments where the company can take control in large-scale, undervalued or distressed situations.


Global health-tech firms see funding traction: Mercom Capital report

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The first quarter (January to March) report of the research firm said that there is a 27% rise in the number of venture capital and private equity deals against the fourth quarter of 2015 (Q4 2015).


UOB Venture Management sets up Sino-Singapore PE fund with PingAn, others

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This vehicle – Sino-Singapore (Chongqing) Connectivity Private Equity Fund – will have a target size of up to RMB100 billion and will invest primarily in Chongqing-based projects in specific industries


India: Janalakshmi raises $210m in TPG-led round

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Existing investors of Janalakshmi Financial Services also sell some of their stakes worth $60 million


Boyu, Hillhouse & Sequoia China join race for Telstra’s Autohome, topping Ping An bid

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The group’s proposal trumps Ping An’s offer of $29.55 a share for a 47.7 percent stake held by Australia’s Telstra Corp. Both offers come as vehicle sales are forecast to accelerate this year in China, the world’s largest auto market.


Lifescience-focussed BioVeda China Fund seeks $400m for fourth vehicle

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BVCF is expected to secure a first close for the fourth fund in the next few months, according to people close to the deal, said China Money Network. It is also expected to secure a final close by end-2016.


Singapore’s GIC invests in Indonesia’s logistics market with MMP deal

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GIC and MMP have launched a partnership to invest in logistics properties across the metropolitan regions of Indonesia.