Author: Sheila Wong

CVC, a global private markets manager focused on private equity, secondaries, credit and infrastructure, has announced raising $6.8 billion in commitments at the close of its sixth Asia fund, CVC Capital Partners Asia VI. The fund is 50% larger than its predecessor, CVC Capital Partners Asia V, which was raised in 2020 and closed at $4.5 billion, according to the announcement. Asia VI saw strong demand from new and returning blue chip investors, enabling it to significantly exceed its $6 billion target and original hard cap. The fund lifts CVC’s Asia platform to one of the leading players in the…

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ESR Group Limited, Asia-Pacific’s leading real asset manager, has successfully completed a significant acquisition in Japan, further cementing its position in the region’s logistics sector. The company announced the purchase of ESR Aisai Distribution Centre, a state-of-the-art logistics facility, for ¥16.4 billion (about $111 million). The acquisition, concluded on December 8, 2023, involves the complete trust beneficiary interest in the four-storey ESR Aisai DC, strategically located in Nagoya. The transaction was carried out between ESR’s Japan Income Fund (JIF) and ESR Japan Logistics Fund III (RJLF 3), both integral parts of the company’s expansive portfolio. Established in 2019, RJLF 3…

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London-based neo-bank Monument has successfully raised over $50 million in a Series B funding round, attracting both existing and new investors. The bank, which caters to the mass affluent market, plans to use this significant capital infusion to broaden its operational scope and extend its market reach. Founded by Mintoo Bhandari and under the leadership of CEO Ian Rand, Monument positions itself as the go-to digital banking platform for approximately 4.8 million high-earning professionals, entrepreneurs, and property investors in the UK. These clients, who collectively hold an estimated wealth of around £6 trillion in the UK and a staggering £80…

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PopChill, the Taiwan-based luxury fashion platform, has successfully raised $1.9 million in investments, bringing its total funding to $5.2 million. The latest round saw participation from prominent investors such as ITIC, AVA Angels Fund, 500 Global, Acorn Pacific Ventures, and Darwin Venture. Distinguished from traditional e-commerce platforms, PopChill employs a unique authentication model where listed products are authenticated and inspected for quality before reaching buyers. This approach, especially valuable for second-hand luxury items, has enabled a robust growth in Taiwan, with monthly transactions exceeding $1 million and an average order value of $800. Andy Kuo, PopChill’s co-founder, attributes this success…

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Cathay Capital Private Equity announced the closing of its fourth Small Cap fund at €240 million, with the intention to support growth companies across Europe, North America, and Asia. This latest fund takes Cathay Capital’s assets under management to more than €5 billion. The Small Cap IV fund stands out as the first of Cathay Capital’s private equity funds to be recognized as an Article 8 fund. This distinction means that the fund aligns with the company’s overarching Environmental, Social, and Governance (ESG) ambitions. The investment team will apply exclusion filters during the selection process and set specific objectives for…

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Singapore-based insurtech unicorn bolttech has raised $196 million in a Series B funding round that valued the company at $1.6 billion. Led by Japan’s pioneer insurance firm Tokio Marine, the round also saw contributions from MetLife through its subsidiary MetLife Next Gen Ventures, and Malaysia’s sovereign wealth fund Khazanah Nasional, alongside other shareholders. The fresh funds will be used to catalyze bolttech’s organic growth, investing in proprietary technology, digital services, and talent across its 30+ markets. The company also intends to explore inorganic opportunities to accelerate its international growth. Despite a downturn in mega-round funding for the global insurtech sector,…

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Color management solutions provider Datacolor AG has announced its acquisition of matchmycolor LLC, a specialized technology company focused on color formulation and communication software. The consolidation of matchmycolor into Datacolor took effect on January 1, 2023. The costs associated with the acquisition and integration will impact the fiscal years 2022/23 and 2023/24. This strategic move reinforces Datacolor’s market position and expands its global presence in the color management industry. With over 50 years of industry experience, Datacolor has built a strong reputation as a trusted global provider of color management solutions. Its services cater to various sectors, including textiles, apparel,…

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