HarbourVest Partners has reached the final closing of its latest secondaries fund at US$4.77 billion, above a US$3.6 billion initial target as investors oversubscribed to the vehicle. The new fund focuses on acquiring existing private equity fund interests that are diversified by investment stage, geography and investment year. The firm’s emphasis on complex transactions, such […]
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EZParking, a Chinese big data start-up focused on facilitating smart car parking, has completed a RMB90 million (US$13.3 million) new funding round led by Hangzhou-based agricultural material and trading company, ZJAMP Holding Group. The Shanghai-based start-up says it plans to use the proceeds to improve its data mining technology, focus on customer services, as well […]
Chinese home appliance retailer Suning Commerce Group has led a US$200 million series C+ round in Yiguo.com, a fresh produce e-commerce platform backed by Alibaba Group Holding Ltd and Yunfeng Capital, with participation from other unnamed investors. As a part of the deal, products of Yiguo.com will be incorporated into Suxiansheng, a fresh produce unit […]