Luxury goods company LVMH has joined Groupe Arnault and Catterton, two firms it already backs, to set up a private equity firm focused on the consumer sector.

Techstars Mobility, Driven by Detroit will invest $120,000 in 12 mobility technology startups, with data analytics, flexible ownership and connectivity among the areas considered.

Thai conglomerate CP Group will hook up with the state-owned Russian Direct Investment Fund to invest in Russia's food sector.

Infosys joined anchor investor Temasek to invest in the firm's first fund, which is supporting enterprise and cloud infrastructure startups.

The video streaming and electronics firm plans to raise more than $1.5bn for a fund that will launch next month in partnership with venture firm Changshi Capital.

The publisher has launched a fund targeting virtual reality gaming and is also planning to form partnerships with studios in the industry.

The deal also involved Fosun subsidiary Shanghai Joy paying $20m for a 10% stake in record label and festival promoter Modern Sky.