PE Tech Report

Weekly Asia News (Friday)

Rakuten Ventures launches USD10m global fund

Rakuten Ventures has launched a USD100 million global investment fund which will target investments in start-ups and companies in Israel, Asia Pacific, and the US. The fund builds on the Southeast Asia fund, which was originally launched in 2013 and counts Carousell, Visenze, Coda Payments and Send Anywhere among its

Document signing

China and Luxembourg fund and asset management associations sign MoU

The Association of the Luxembourg Fund Industry (ALFI) and the Asset Management Association of China (AMAC) have signed a memorandum of understanding (MoU) designed to deepen their collaboration. The agreement focuses on developing activities to create mutually beneficial opportunities for the fund industries in both countries.   Luxembourg is the

Kingdom Holding Company and PineBridge Middle East establish African JV

Kingdom Holding Company (KHC) and PineBridge Investments Middle East are to establish a joint venture platform to invest in direct private equity opportunities in Africa. The MOU was signed by both Dr Adel Alsayed, KHC’s executive director for private equity and international investments, and Talal Al Zain, chief executive officer of PineBridge

Infrastructure

Islamic Development Bank launches USD2bn IDB Infrastructure Fund II

The Islamic Development Bank has launched the USD2 billion Islamic Development Bank Infrastructure Fund II, the largest private equity infrastructure fund dedicated to the 57 member countries of the IDB. The IDB Fund II is supported by the Public Pension Agency of the Kingdom of Saudi Arabia, the Public Investment

Biotechnology

JHL Biotech closes USD35m series B financing

JHL Biotech has closed a Series B financing round of USD35 million, led by new investors Milestone Capital and a consortium of Taiwan venture capitalists and individuals. The consortium includes President International Development Corp, Fubon Financial Holdings, Taishin Financial Holdings, TaiAn Technologies, Hotung Group, Dr Allen Chao (founder of Watson

Singapore

GoldenTree Asset Management opens Singapore office

GoldenTree Asset Management, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, has opened a Singapore office. Shahriar Saadullah has been appointed as managing director to run business development in Asia Pacific. He reports to Kathy Sutherland, GoldenTree’s global business development head.

Document signing

Kingdom Holding Company and Caisse des Dépôts Group form investment partnership

Kingdom Holding Company (KHC) and Caisse des Dépôts International Capital (CDCIC) have signed a memorandum of understanding to establish an investment vehicle seeking to develop Saudi projects and ventures. The KHC-CDCIC platform will help advance bilateral economic co-operation and trade and to facilitate access to long‐term capital in both countries

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