Riyadh Valley Company strikes third limited partner-style bet this year
Riyadh Valley Company (RVC), the investment arm of King Saud University, has made its third limited partner-style investment this year, in a Japanese early-stage venture capital fund, it is gathered. The Saudi Arabian investor has made a fund-of-fund commitment to Tokyo-based venture capital firm Global Brain’s sixth flagship investment vehicle that ......
Grapevine: Smallcase, Peak XV Partners, Carlyle, and Quest Global in news
Smallcase is in talks to raise over $50 million and Carlyle Group Inc. is weighing an initial public offering for one of its engineering services portfolio firm, according to various media reports. Smallcase Smallcase, a Bengaluru-based fintech, is in talks to raise over $50 million (over Rs 420 crore) through a ......
LPs pick out the three biggest challenges for PE investment in India
Global limited partners (LPs) have flagged three major bottlenecks that could impact private equity investments in India over the next three years, although the country is seen as the most favourable in terms of a risk-reward equation. According to a global survey of LPs, India topped the list of emerging private ......
Bijnis, CityMall backer WaterBridge plans third VC fund with higher corpus
Homegrown venture capital firm WaterBridge Ventures is gearing up to start raising its third fund that will be bigger than its second vehicle, a person familiar with the matter told VCCircle. The early-stage investor, known for backing startups such as Unacademy, Magicpin, Bijnis and CityMall, plans to raise a third fund ......
Grapevine: Unacademy, Allen, Access Healthcare, Neuberg, KKR, others in news
At least four private equity firms are in a race to acquire a majority stake in Access Healthcare, Allen Career Institute is in advanced talks to merge Unacademy with itself and Kotak Pre-IPO Opportunities Fund is nearing a deal to acquire a 15% stake in a diagnostics company, according to ......
Grapevine: Mahle, Sequoia Capital, Vance, and Shapoorji Pallonji Group in news
Germany’s Mahle GmbH is exploring an initial public offering (IPO) for its Indian unit, Sequoia Capital is in talks to invest in a Bengaluru-based payments startup, and Shapoorji Pallonji Group is set to launch a massive fundraising this week, according to various media reports. Mahle GmbH German auto parts maker Mahle GmbH ......
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, ......
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 ......
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 ......
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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