Neo Asset to foray into PE with new fund; ropes in ex-TPG NewQuest exec
Neo Asset and Wealth Management, the wealth management arm of Mumbai-based Neo Group, is set to float a private equity (PE) fund as it forays into the asset class after having raised capital for its private credit and infrastructure funds, VCCircle has gathered. The asset manager, whose parent company is backed by ......
TPG-owned Grihum Housing's AUM soars past $1 bn mark in Q1
Non-banking lender Grihum Housing Finance, erstwhile known as Poonawalla Housing Finance, reported a rise in its financial metrics for the first quarter of FY25, with its assets under management scaling the $1 billion milestone. The HFC, which was taken over by TPG in a control style deal in July 2023, reported a ......
Consortium of new investors backs TPG-owned green player Fourth Partner Energy
A consortium comprising three marquee global investors has backed TPG-owned renewable energy major Fourth Partner Energy with an investment of $275 million (Rs 2,280 crore) that will help the company expand and reach a target portfolio of 3.5GW of assets by 2026. Fourth Partner Energy – 52% owned by private equity ......
Grapevine: TPG may lead edtech firm’s funding; Advent mulls Manjushree monetisation
Eruditus, an Indian edtech startup, is nearing a $150 million funding round led by TPG, a media report said. This would be the largest fundraising by an Indian education firm in recent years. The new investment could value Eruditus at up to $2.3 billion, contingent on achieving performance targets, Techcrunch reported, ......
Biocon-backed Bicara Therapeutics raises $315 mn in US IPO
Bicara Therapeutics raised $315 million in its initial public offering in the United States, the TPG-backed cancer therapy developer said on Thursday. The company priced its offering of 17.5 million shares at $18 apiece, at the high-end of its targeted range of $16 to $18 each. The IPO values Bicara at $881.4 million. Bicara ......
SoftBank, TPG-backed FirstCry gets $3.4 bn in bids for $501 mn IPO
Indian baby products retailer FirstCry's $501 million IPO overcame a sluggish start to garner bids worth $3.36 billion at close of the share sale on Thursday, as investors bet on growth for baby and child products in the world's most populous country. FirstCry, backed by Japan's SoftBank, TPG and India's Mahindra ......
Grapevine: Temasek nears VFS stake deal; LG Electronics taps banks for India IPO
Temasek Holdings Pte is nearing a deal to acquire a significant minority stake in VFS Global, valuing the visa outsourcing firm at around $7 billion, including debt, a media report said. The Singapore state-owned investor is expected to purchase about 20% of the company, which is majority-owned by Blackstone Inc., Bloomberg reported, citing people ......
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