By Sabrina Willmer
The fund will focus on technology, media and telecommunications companies.
The firm, which also has interests in the real estate, with projects spread across 14 cities in Asia, is not planning to raise a separate vehicle for the sector but will seek capital on a project-to-project basis.
CITIC Metal will own 19.9 per cent of Ivanhoe Mines, making it the Canadian firm’s largest single shareholder.
With its second-ever investment in an enterprise software company, the massive fund is seen to broaden its portfolio beyond consumer tech firms such as Uber and DoorDash.
The invested firm injected the capital into Vinhomes last month, when the developer made a stellar listing debut.
Given the growth and still-evolving nature of Asian markets, Hamilton Lane expects the opportunity for credit-focused investments to continue to expand.
Abraaj still owes $94.6 million to its Private Equity Fund IV, but all money has been accounted for and there appears no evidence of embezzlement or misappropriation.
SBI Ven Holdings’ stake in TPBank will increase from 4.61 per cent to 5.3 per cent, following the transaction.
The Chinese market, a happy hunting ground for local and global private equity firms despite the giddy valuations, continues to offer sectors that are underinvested, and offer huge opportunities, Gong said.
The 89.5% stake in Summerce, of which VIG owns 80.4%, will be bought by Koreacenter, an online shopping application service provider.