The company is also raising a new property fund of around $20m, with a hard cap of $30m.
Pilot PE real estate funds will be allowed to invest in residential property, including unfinished projects.
IPOs & Markets
JD.com said it would continue to hold a stake of more than 50% in JD Industrials and JD Property.
China's JD.com to spin off industrial, property units in Hong Kong listing
Asiantrust Capital halves target for hybrid fund, set to close it this year
SG-based True Global Ventures invests over $24m in French crypto firm Ledger
Temasek-backed Indian jobs platform GoodWorker lays off nearly 90% staff
PH salary-on-demand startup Advance raises $16m, acquires Vietnam’s BravoHR
Canadian pension fund OMERS names Ashish Goyal as new APAC head
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Rest of Asia
GIC will buy about half of Works Human's shares.
The fund has been set up in partnership with several institutional investors in China.
The ASEAN Frontier Markets Fund achieved a $50m first close in February.
The French startup raised a total of $108m in the Series C extension round.
1982 Ventures and strategic Indonesian family offices and individuals invested.
The telehealth startup may be restructured into a new company with Grab and another lead investor.
The Volvo owner is the first established carmaker to enter the premium smartphone sector.
The intra-group transaction will have no impact on the Japanese tech investor's group earnings.
The investment is Ford's first in the Southeast Asian country.
The company is backed by AC Ventures, Ephesus United, Teja Ventures, SGInnovate, and Partech.
Filings show that losses surged nearly 65% even as revenues jumped by 72% in 2022.
Conditions include sharing excess profit with the US government.
The regulator has raised mounting concerns about Chinese telecom companies in recent years.
Seven listed firms of the Adani Group have shed over $120b in market value since the Hindenburg report was published.
GoodWorker has been acquired by Affinidi, sources told DealStreetAsia.