News provider Techcrunch says Square is looking to raise $200m.

SurePayroll closed its series B round in January 2001 and a decade after launch sells to peer Paychex.

China Development Bank raises RMB15bn ($2.3bn) fund of funds to be split two-thirds towards buyouts and a third to VC and has a target of RMB60bn.

Brown Brothers Harriman Capital Partners invests $22m in Scivantage, a US-based provider of financial services software.

Apollo will invest $75m in Lighthouse's parent, HFA, through a convertible debt security.

The FinTech Innovation Lab backed by consultants Accenture will pick six entrepreneurs after the competition closes at the end of January.

Morgan Stanley paid $37m for a 34.3% stake in China International Capital that could realise more than $1bn a decade later.

Payvment provides an e-commerce platform for social network Facebook and raised $6m in its series B round from Sierra Ventures and BlueRun Ventures.

HSBC retains 19.9% of its former venture and buyout manager in Asia, Headland Capital Partners.

Morgan Stanley Alternative Investment Partners (AIP), the bank's venture capital and private equity division, was joined by unnamed other investors in backing ClickFox, a US-based software company analyzing banking customers.