Avendus set to hit first close of third late-stage investment fund
Mumbai-based investment banking and asset management firm Avendus Capital is set to hit the first close of its third alternative investment fund for private market deals, a person with direct knowledge of the matter told VCCircle. The firm could announce the first close of the Avendus Future Leaders Fund III, which ......
Grapevine: TVS Credit, Avendus, Haldiram, Aragen, Yotta in news
Another investor has joined the race to buy KKR's stake in Avendus, while a top US-based private equity firm is leading the bidding to buy a slice of Haldiram, according to media reports. Also in news, contract drugmaker Aragen is onboarding a Singapore-headquartered investor to its cap table and Yotta ......
Deals Digest: Momentum slows again after stellar preceding week
The five-day period ended 20 December saw funding activity decline to nearly a third of the previous week’s high base of about $900 million, data collated by VCCircle showed. The week was particularly slow for the mergers and acquisitions deal category as well. Companies backed by private equity and venture capital ......
Grapevine: OTPP, Omega Healthcare, Canara Robeco, Credila in news
A Canadian pension fund is in talks to buy a majority stake in a US-based healthcare BPO, while Canara Bank-backed mutual fund has received offers from over a dozen investment banks to handle the company's proposed IPO mandate, according to various media reports. Also in news, an IPO-bound lender is ......
Creador ropes in North American LP for new fund
Southeast Asia-focused mid-market investor Creador, which is headquartered in Malaysia, has onboarded yet another limited partner (LP) for its sixth fund, VCCircle has gathered. In fact, it will be the first investment of the new LP in the Indo-Pacific region. The private equity investor, led by former ChrysCapital partner Brahmal Vasudevan, ......
Proparco has ‘a lot of things cooking’ in India: Diane Jegam
India is a complicated market and climate change can be a tricky subject for investments in such a market. Still, the French government-backed development financial institution Proparco has dug in its heels. “A lot of things are cooking,” says Diane Jegam, regional director for South Asia at Proparco, which is now ......
CapitaLand sells two India real estate assets for $68 mn
Singapore-based real assets investor CapitaLand, which marked the final close of its latest India-focused fund last year, has sold two office park assets to an Indian realty player for about $68 million, VCCircle has learnt. CapitaLand, which acquired Chennai’s Radial IT Park as the seed asset for its investment vehicle, CapitaLand ......
GIC takes majority stake in TPG's India-anchored healthcare platform
Singapore’s sovereign wealth fund GIC has doubled down on its investment in Asia Healthcare Holdings (AHH), a single-specialty hospitals platform it backs alongside US-based private equity firm TPG, emerging as its largest shareholder. GIC has committed an additional $150 million (Rs 1,274 crore) to AHH, largely structured as a secondary transaction, raising ......
Peak XV-backed Zetwerk closes Series F round, prepares for public listing
Zetwerk, a business-to-business (B2B) manufacturing services marketplace backed by marquee investors such as Peak XV, Accel and Avenir Growth Fund, has closed its Series F funding round that values the unicorn 15% higher than its last valuation, a senior executive told VCCircle. The Bengaluru-based startup, which entered the coveted unicorn club in 2021, ......
Women-focused asset manager Cinnamon Wealth set to float debut private credit fund
Cinnamon Wealth, a women-focussed asset and wealth management company, is set to roll out its maiden private credit fund by January next year, a top company executive told VCCircle. The Women Enterprisers Fund will prioritize investments in micro, small and medium-sized enterprises that are owned, co-owned, or led by women, ......
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