PE firm Adam Street Partners closes $426m Venture Innovation Fund II

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The PE firm said it has received commitments from investors in the US, Canada, Germany, UK, Japan, South Korea and Thailand.

Direct Capital exits investment in New Zealand’s Cavalier Wool Holdings

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New Zealand-based private investment company Direct Capital has completed the sale of its 13.75 per cent shareholding in Cavalier Wool Holdings.


Sunrise Capital-backed beauty salon chain AB & Company acquires Agir

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This deal comes a month after the company acquired another local beauty salon chain Puzzle.


Private equity-led buyout deals in India hit a record $5.5b in 2018

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This marks a shift in strategy for PE investors who had so far largely bought minority stakes. PE buyouts this year are also double that of 2017’s buyout deals worth $2.7 billion.


Blackstone said to seek $3.3b to buy stakes in peers

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This year, Blackstone has purchased stakes in technology-focused Francisco Partners, middle-market PE firm Kohlberg & Co., Asia-focused PAG and real estate specialist Rockpoint Group.


India: IIFL AMC plans to raise $500m for maiden structured credit fund

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The company has also hired two officials, including one from private equity firm KKR and Co. Inc., to lead the structured debt business


AJ Capital to launch lending fund in March, seek $100m in external capital

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The fund, which will also see the family office allocate capital for a co-investment pool, will focus on providing credit to the healthcare and education sectors in Southeast Asia and India.


Mekong-focused EMIA to close six deals in CLM nations by Q2 2019

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Given the robust pipeline across the three markets, EMIA is also looking to increase the capital for its second fund.


Legend Holdings-owned Luxembourg bank launches PE unit, fund of funds

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Legend Holdings in July 2018 received all regulatory approvals to acquire 90 per cent stake in BIL in a deal pegged at $1.8 billion.


True North picks up 75% stake in Sesa Hair Oil maker

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Besides leveraging the brand, the acquisition could also be part of True North’s larger strategy of acquiring more companies or brands in the consumer sector.