The California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the US, has committed capital to a string of private equity (PE) funds managed by B Capital, TPG, and MBK Partners in Q4 2023, according to quarterly financial documents. Go to Source
Author: Deal Street Asia Online News
China Digest: Flying car startup Volant raises funding; Chengwei Capital co-leads Tesseract roundThe seed funding will allow Tesseract to advance its …
Volant, a Chinese developer of electric vertical take-off and landing aircraft (eVTOLs), has closed its third funding round this year while Chengwei Capital co-led a $20-million seed round in Tesseract Medicines. Commercial passenger eVTOL aircraft developer Volant raises $14.1m Shanghai-based eVTOL aircraft developer Volant Aerotech has closed another nine-digit funding round that takes its total… Continue reading China Digest: Flying car startup Volant raises funding; Chengwei Capital co-leads Tesseract roundThe seed funding will allow Tesseract to advance its …
At $156m, Johor Plantations launches Malaysia’s largest IPO in 2 years
Malaysian palm oil company Johor Plantations Group launched its initial public offering on Wednesday that will raise 735 million ringgit ($155.89 million) in what would be the country’s biggest IPO in more than two years. The last big IPO in Malaysia was in March 2022, when dairy producer Farm Fresh raised 1 billion ringgit. Johor Plantations offered an up to 35% stake, or as much as 875… Continue reading At $156m, Johor Plantations launches Malaysia’s largest IPO in 2 years
Foxtale raises $18m funding led by Panthera and India deals worth $242m
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Bharat Innovation Fund gears up to launch second deeptech vehicleThe firm expects to hit the first close within a year.
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PE firm CX Partners leads $50m funding in India’s Sabine HospitalSingapore-based Tanas Capital is part of the investor consortium.
Sabine Hospital and Research Centre has secured $50 million in a funding round led by mid-market private equity firm CX Partners, per an announcement on Tuesday. Singapore-based Tanas Capital, a growth-stage private equity firm, is part of the investor consortium, the hospital chain said in a statement. “CX Partners and the consortium of investors share… Continue reading PE firm CX Partners leads $50m funding in India’s Sabine HospitalSingapore-based Tanas Capital is part of the investor consortium.
What do ChatGPT’s AI-powered answers cost the environment?From Singapore to China, AI’s appetite for electricity and water grows insatiable as models …
Artificial intelligence is dangerous. But the main risk may not be the one popularised by Hollywood—a malevolent superintelligence bent on destroying humanity. Instead, AI itself could be benign, but its insatiable appetite for energy and growing carbon footprint could present a far greater threat: the acceleration of wildfires, floods, extreme weather and all of the… Continue reading What do ChatGPT’s AI-powered answers cost the environment?From Singapore to China, AI’s appetite for electricity and water grows insatiable as models …
Indonesian tech giant GoTo eyes an affordable ride to profitability
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SE Asia Deal Review: Startup funding rebounds to five-month high of $878m in May
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Saudi wealth fund PIF holding talks to create boxing league: report
Saudi Arabia’s Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport, people familiar with the matter told Reuters. PIF is looking to invest in a joint venture with some of the sport’s stakeholders that would feature more boxing bouts, the people said, speaking on condition… Continue reading Saudi wealth fund PIF holding talks to create boxing league: report