TPG seeks to raise $1.5b to bet on tech firms staying private

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The fund will focus on technology, media and telecommunications companies.

TPG co-founder Jim Coulter

HK’s Strategic Year raising $300m debut fund for consumer, education sector investments

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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.


China’s CITIC unit to buy 20% stake in Canada’s Ivanhoe Mines for $555m

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CITIC Metal will own 19.9 per cent of Ivanhoe Mines, making it the Canadian firm’s largest single shareholder.


SoftBank Vision Fund leads $250m round in US enterprise software firm Cohesity

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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.


Dragon Capital invests $83m in Vietnam’s housing developer Vinhomes

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The invested firm injected the capital into Vinhomes last month, when the developer made a stellar listing debut.


Armed with $900m private credit fund, Hamilton Lane sees pockets of opportunities in Asia

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Given the growth and still-evolving nature of Asian markets, Hamilton Lane expects the opportunity for credit-focused investments to continue to expand.


Deloitte said to have found Dubai’s Abraaj commingled $95m

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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.


Singapore’s SBI Ven Holdings to increase stake in Vietnamese lender TPBank

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SBI Ven Holdings’ stake in TPBank will increase from 4.61 per cent to 5.3 per cent, following the transaction.


Outsourcing offers prolific investment opportunities for PE: Jie Gong, Pantheon

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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.


S Korea’s VIG, other investors sell majority stake in Summerce for $98m

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The 89.5% stake in Summerce, of which VIG owns 80.4%, will be bought by Koreacenter, an online shopping application service provider.