U.S. alternative investment firm Lexington Partners has reached a final closing of its eighth global secondaries fund at US$10.1 billion, according to a company announcement. Lexington Capital Partners VIII, L.P. and its associated funds reached their hard cap, and is the largest dedicated secondary acquisition fund ever raised. Lexington has also established an innovative US$1.75 […]

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Despite China's growing debt level and concerns of a credit bubble burst, the world's second largest economy has good odds to avoid a painful and unsuccessful de-leveraging process, says a research report by the Australia and New Zealand Banking Group Limited (ANZ). China’s high and still growing debt level is commonly seen as a major […]

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Hedge funds investing in Asia ex-Japan have delivered the best returns globally and were up 2.08% in March, led by Greater China-focused funds that gained 4.85% for the month, according to data released by Eurekahedge. Greater China equities were a major winning theme, with the CSI 300 Index soared 13.74% amid speculation that the government […]

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Chinese automobile after-sales service platform Chemayi has completed US$20 million series B round of financing led by KeyTone Ventures, according to media reports. Existing investor, Morningside Ventures, also participated. Founded in 2010, Chemayi received US$2 million series A funding from Morningside in 2013. Chemayi provides auto maintenance, repair, cleaning and decoration services via its online […]

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