Piramal Fund Management offers $152 mn more under loan scheme

February 15, 2017 | Joseph Rai

Piramal Fund Management (PFM), the financial services arm of the Piramal Group, has approved two more investments worth Rs 1,020 crore (around $152 million) under its recently launched flexi lease rental discounting (LRD) loan scheme for completed commercial assets that include office and retail

Blackstone’s India PE biz co-head Mathew Cyriac quits to start own firm

February 15, 2017 | Ranjani Raghavan

Mathew Cyriac, the co-head of the private equity business at Blackstone Group in India, is leaving the global PE firm to start his own asset management venture, two persons briefed on the development told VCCircle.

SoftBank to acquire US private equity firm Fortress Investment for $3.3 bn

February 15, 2017 | Reuters

Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund.

KKR-backed Avendus floats $75 mn hedge fund

February 14, 2017 | Ankit Doshi

Alternative investment giant KKR-backed diversified financial services firm Avendus Group has launched a hedge fund after recently hiring the core team that managed Mumbai-based Ambit Holdings’ asset management business, the firm said in a statement.

US-based Draper Venture Network and Blume Ventures form strategic alliance

February 13, 2017 | Disha Sharma

Early-stage venture fund Blume Ventures has entered into a strategic partnership with Draper Venture Network (DVN), an alliance of independent venture capital firms that connects leading entrepreneurs and investors around the world.

CX Partners winds up credit fund, exits investments

February 13, 2017 | Ranjani Raghavan

Domestic private equity firm CX Partners has wound up its mezzanine debt fund, CX Intermediate Capital Fund, having exited all its investments and returned money to its investors, managing partner Jayanta Basu told VCCircle. 

Exclusive: Russia's Sistema anchoring new India-dedicated VC fund

February 13, 2017 | Mansi Taneja

Sistema JSFC plans to float a second fund under the stable of its Sistema Asia Fund to invest in Indian startups, a top executive told VCCircle, as the Russian conglomerate looks to expand its venture capital bets on the country.

Bain to raise $1 bn for first Asia-focused credit fund

February 10, 2017 | Reuters

Bain Capital is planning its first Asia-focused credit fund, seeking to raise $1 billion to capitalize on distressed debt and direct lending opportunities as banks dispose of those assets and operations, people familiar with the plans told Reuters.

Former TPG Growth partner Varun Kapur joins Indgrowth Capital

February 10, 2017 | Ranjani Raghavan

Indgrowth Capital, a public markets-focussed fund founded by former India Build Out fund (IBOF) executives, has hired former TPG Growth partner Varun Kapur as managing partner.

Exclusive: Former Franklin Templeton exec launches tech-focussed fund

February 10, 2017 | Deepti Chaudhary

Former senior executive director at Franklin Templeton Investments Rajesh Sehgal has upped his bet on tech ventures, going beyond angel investing to launch his own fund that has secured commitments from several well-known investors. 



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