Reliance Industries as a Private Equity LP

Ever since its early years, Reliance Industries Limited (RIL), India’s largest private sector enterprise, has believed in running an active treasury. Beyond supporting business requirements, RIL’s treasury has often taken investment positions, in areas like listed equity. In the ‘80s and ‘90s, it was a fairly commonplace practice amongst listed…

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China’s monthly biotech investments headed towards USD1B+ consistently

Earlier this week we wrote how on 2 consecutive months, China’s biotech sector had witnessed more than USD1B of venture capital investment. That chart ignored another source of risk capital – IPOs. China has been producing around 1 biotech IPO a month consistently. These are typically pre-revenue R&D companies, but…

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China’s supercharged biotech investment momentum continues in May’20

For the second month in a row, China’s biotech companies attracted more than USD1B of venture capital investment. Biotech investments crossed USD1B for the first time in April’20. Hence, May is the second consecutive month where VC/PE investments in biotech have crossed USD1B. In terms of amout invested, China inching…

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