Alternative Investment Fund Launches and Updates – September 3, 2019
Investment fund launches for September 3, 2019.
- First up, venture capital firm Golden Gate Ventures has filed to launch a $200 million fund in partnership with South Korea’s Hanwha Asset Management. The Singapore-based VC fund also said it will focus on Series B startups in the Southeast Asian region.
- Next, Hosen Capital is seeking $750 million for its fourth China fund. The food-and-agricultural specialist has ramped up funding as it taps into the booming food and agribusiness sector in the Asia-Pacific region. It’s worth noting that the firm closed a previous vehicle in March 2017 at $440 million. That figure exceeded the amount of money it wanted to raise by 10%. However, this new fund appears to be smaller than the previous fund’s goals. Bloomberg also reported in April that the firm sought $1 billion to invest in companies based in Japan, South Korea, and Taiwan.
- According to PitchBook, Counterpart Ventures wants to raise $100 million for its Fund II. According to an SEC filing, the San Francisco-based firm has been around since 2018. It has focused its attention on tech firms that specialize in areas like mobile software, marketplace firms, and automation/workflow software.
- Next up is L Catterton. The firm is seeking $4 billion to launch its ninth fund, according to an SEC filing. The filing came in right before the Friday Form D deadline. Fund IX would become the private equity giant’s largest flagship fund. The fund’s last flagship closed in 2016 At $2.75 billion. Fund VII raised $1.68 billion in 2013. The company has been busy in 2019. It announced plans to buy Del Frisco’s Restaurant Group in June for $650 million. It also sold Punch Bowl Social in July to Cracker Barrel Old Country Store.
- And finally, BlackRock plans to launch a $300 million real estate fund. This one is the asset-managers fifth Asia-focused fund. DealStreetAsia says that the fund could potentially rival the size of its Fund IV, which closed at $500 million in November 2017. Meanwhile, the news comes a few days after Greg Lapham announced his resignation as the head of the company’s APAC group.
For more updates on fund launches and investment positions, bookmark DailyAlts.com.
Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…