Indian financial services provider Religare Enterprises has sold its stake in Landmark Partners, a US private equity firm specializing in secondary funds.
Morgan Stanley Private Equity Asia (MSPEA) secured a 4.5x return on its partial exit from Hong Kong-based financial advisor AMTD when China Minsheng International and LR Capital Group took a majority interest in the business.
Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.
IDFC Asset Management and consumer electronics manufacturer Micromax Informatics have led a INR1 billion ($15 million) Series C round for Indian digital payments developer TranServ.
The International Finance Corporation (IFC), the investment arm of the World Bank, has formed a $1 billion partnership with Apollo Global Management to invest in distressed assets in emerging markets.
Supported by Kaizen and Zephyr Peacock India, non-banking finance company Varthana wants to provide funding to Indian schools that would otherwise go without
TPG Capital has led a $150 million round of funding for Indian microfinance lender Janalakshmi Financial Services.
Religare Enterprises has sold its majority stake in Northgate Capital, a fund-of-funds and direct investment group, to US-based asset manager The Capital Partnership.
UOB Venture Management (UOBVM) will launch a Chongqing-based private equity fund of up to RMB100 billion ($15.4 billion) that will invest in companies addressing the China and Singapore markets.
Indian education-focused non-banking finance company (NBFC) Varthana has raised INR930 million ($14 million) in Series B funding, led by new investors Kaizen Private Equity and Zephyr Peacock India.
Licaifan, a Chinese online finance platform, has raised a RMB330 million ($51 million) Series C round of funding from domestic investor Yingda Investment.
China’s Huatai Securities has agreed to purchase financial consultancy group AssetMark for $780 million from US-based PE firms Aquiline Capital Partners and Genstar Capital.
Korea's NHN Entertainment seeks payment synergies with PE-backed e-commerce marketplace Ticket Monster
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
CompareAsiaGroup, an online financial comparison platform that last year received a $40 million round led by Goldman Sachs, has appointed former KKR executive Sam Allen as its CEO.
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors.
Everstone Capital is expected to sell up to 26.6 million shares in Hinduja Leyland Finance as part of the commercial vehicle financing company’s Indian IPO.
India's Foreign Investment Promotion Board (FIPB) has approved KKR's request to buy a stake in distressed asset manager International Asset Reconstruction Company (IARC).
MoMo provides an online bridge to Vietnamese consumers whose needs are not met by the country's traditional financial services infrastructure. Standard Chartered Private Equity is sponsoring further growth
By offering lower fees and faster turnarounds than Western Union and PayPal, InstaRem hopes to steal a march on its rivals and build a truly Asia-focused money transfer platform
Standard Chartered Private Equity (SCPE) and Goldman Sachs have invested a combined $28 million in M_Service, the operator behind Vietnamese mobile e-wallet platform MoMo.
Access Asset Managers has invested INR550 million ($8.2 million) in Alliance Insurance Brokers, a business-to-business (B2B) focused insurance and risk assessment services provider.
Singapore-based fintech start-up InstaRem has raised a $5 million Series A round led by Vertex Ventures, the VC arm of Temasek Holdings.
Capital continues to flow into China’s internet finance industry, but competition and regulation are changing the dynamics. VC investors can do well, provided they stay ahead of the game