Gopher Asset Management related stories
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Petal nets $140m Series DPetal, a credit card company, has raised $140 million in Series D funding.
- Kodiak Robotics nabs $125m Series B
Kodiak Robotics Inc, a self-driving trucking company, has raised $125 million in Series B funding.
Adagene raises $50 mlnAdagene Inc said March 26 that it raised $50 million in series C funding led by Sequoia China. Also participating were New World TMT, AVIC Trust, King Star Capital, Gopher Asset Management as well as other investors. Adagene, of Suzhou, China, is an antibody discovery and development company.
Buyout firms unfazed by competition from LPs on dealsThe appearance of limited partners on the buyside of deals has helped open up the market, according to dealmakers from KKR, Bridgepoint, PAI Partners and Astorg Partners at a conference in Cannes.
Trends of the Year: LPs going directFrom sovereign wealth funds to family offices, limited partners bulked up direct investment teams and made large purchases in 2017.
Gopher seeks more direct investmentsThe Shanghai-based fund of funds expects to increase direct investments with its China-focused GPs to boost revenues.
Noah Holdings co-CIO Wang leaves firmPiau Voon Wang, co-CIO at Noah Holdings, is leaving the firm this month and plans to explore opportunities focused on greater China.
- The new breed of Chinese LP
China’s wealth management platforms are among the country’s biggest investors in private equity, and they have their sights set on Silicon Valley.
- Gopher to ramp up US venture investments
The Shanghai-based firm expanded its presence in the US last year with the opening of its third investment office in Menlo Park, California, as it seeks to grow more relationships with Silicon Valley firms.
- Sequoia increases stake in Chinese PE firm
The China arm of the silicon valley venture firm has upped its investment in Gopher Asset Management, the private equity arm of Chinese wealth management company Noah Holdings.