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
Digital Assets: Epic Lays Off 830 Employees As Metaverse Underperforms
Earlier today, Tim Sweeney, the head of Epic Games, shared an email with the company’s employees, announcing some significant changes within the organization. In this message, Sweeney discussed the necessity…
Artificial Intelligence: Mysterious US-Based Books3 Dataset Used To Train AI Was A Massive Trove Of Pirated Books
Thousands of books penned by some of Australia’s most esteemed authors may have fallen victim to what Booker prize-winning novelist Richard Flanagan has described as “the biggest act of copyright…
FinTech: Ant’s Chongqing Consumer Finance Arm Raising $616M To Ramp Up Loans
Chongqing Consumer Finance, the consumer finance arm of Ant Group, a prominent player in China’s financial technology landscape, is currently in the process of raising a substantial sum of fresh…
Venture Capital: Mercury’s Fund V Mops Up $160M For US Startups “Between The Coasts”
Mercury Fund, the premier early-stage venture firm with a focus on non-coastal tech hubs, has successfully closed its largest fund to date, Mercury Fund V, with a total capital commitment…