Singapore’s previously announced labor protections for ride-hailing and on-demand delivery workers will kick in from January 1, 2025 while the city-state is getting closer to giving government grants to businesses using blockchain technology. SG’s labor protections for platform workers to kick in from Jan 1 next year Singapore’s previously announced labor protections for ride-hailing and on-demand… Continue reading SG Digest: Labour rules for platform workers; government grants for blockchain firmsThe labor protections for ride-hailing and on-demand delivery work…
Author: Deal Street Asia Online News
Warburg Pincus to back MA Financial’s $675m real estate credit vehicleThe vehicle is expected to provide global institutional investors access to Aust…
Australian alternative asset manager MA Financial is launching an A$1-billion ($675 million) real estate investment vehicle with support from US private equity giant Warburg Pincus, according to an announcement on Thursday. According to a company statement, Warburg Pincus will facilitate offers to certain funds they manage that have already expressed interest in investing in these… Continue reading Warburg Pincus to back MA Financial’s $675m real estate credit vehicleThe vehicle is expected to provide global institutional investors access to Aust…
India Digest: E2E Networks, Zoff raise fundingZoff earlier secured funding in Shark Tank India from Boat co-founder & CMO Aman Gupta.
E2E Networks Limited has raised about $50 million through a preferential issue of equity shares, while Zoff has raised about $4.76 million from JM Financial Private Equity. E2E Networks secures $50m strategic investment E2E Networks Limited, an AI-focused cloud provider in India, on Thursday announced that it has raised about $50 million (Rs 420.51 crore)… Continue reading India Digest: E2E Networks, Zoff raise fundingZoff earlier secured funding in Shark Tank India from Boat co-founder & CMO Aman Gupta.
Asian GPs wake up to soft power of gender parity in returns, fundraisingGender-balanced funds deliver a net IRR that is 1.7% higher than male- or fema…
While private equity trailblazers like Blackstone and KKR have long been advocating for gender diversity as part of their ESG agenda, Asia’s private fund managers are also beginning to realise the benefits of fostering a workplace where people of all backgrounds can thrive, embracing what is known as ‘diversity, equity, and inclusion’ (DEI). Go to… Continue reading Asian GPs wake up to soft power of gender parity in returns, fundraisingGender-balanced funds deliver a net IRR that is 1.7% higher than male- or fema…
Fundraising in Greater China halves in Q2 as investors await market turnaroundDeal value fell 54.9% QoQ to $9b as investors gravitated to small-sized …
After a strong Q1, fundraising by Greater China startups plunged in April-June (Q2) 2024 to levels seen during the COVID-19 pandemic in 2020—a sign of low confidence among private market investors. Capital raised by startups headquartered in mainland China, Hong Kong, Taiwan, and Macau just crossed $9 billion in Q2, down 54.9% quarter-on-quarter (QoQ). Deal… Continue reading Fundraising in Greater China halves in Q2 as investors await market turnaroundDeal value fell 54.9% QoQ to $9b as investors gravitated to small-sized …
India Digest: Snapdeal founders’ fund raises $24m; Aye Finance, Livpure bag fundingTitan Capital has invested in over 250 companies since 2011, includ…
Titan Capital has raised $24 million for its Winners fund, while Aye Finance has closed a $25.3-million business loan securitisation transaction. Separately, Livpure has raised $27.8 million from M&G Investments and Ncubate Capital Partners. Titan Capital raises $24m for winners fund Snapdeal founders’ VC firm Titan Capital, which has backed the likes of Ola, Razorpay… Continue reading India Digest: Snapdeal founders’ fund raises $24m; Aye Finance, Livpure bag fundingTitan Capital has invested in over 250 companies since 2011, includ…
India Digest: Volt VC launches fund; Accel funds Uppercase; PE majors eye stake in TheobromaICICI Venture is eyeing a complete exit from Theobroma, al…
Accel has invested $9 million in Uppercase’s Series B funding, while Volt VC has launched its debut fund. Separately, at least four companies have submitted non-binding bids for a majority stake in bakery chain Theobroma. Uppercase raises $9m from Accel Global venture capital firm Accel has invested $9 million in luggage brand Uppercase’s Series B… Continue reading India Digest: Volt VC launches fund; Accel funds Uppercase; PE majors eye stake in TheobromaICICI Venture is eyeing a complete exit from Theobroma, al…
China’s CAS Investment hits first close of new RMB fund at nearly $421mLarge insurance firms contributed to about 30% of the total committed capital i…
CAS Investment, a Chinese technology-focused fund management firm, has reached the first close of a new RMB fund series to invest in disruptive startups in artificial intelligence (AI), cleantech, and biotech. Beijing-based CAS Investment, which counts the Chinese Academy of Sciences as a major shareholder, announced on Tuesday the first close of the Guoke Ruihua… Continue reading China’s CAS Investment hits first close of new RMB fund at nearly $421mLarge insurance firms contributed to about 30% of the total committed capital i…
Singapore’s Temasek launches dual tranche, offshore Chinese yuan bondsThe bonds will be issued under the Guaranteed Global Medium Term Note Programme.
Singapore state investment firm Temasek Holding‘s unit Temasek Financial (I) Limited (TFin-I) is planning to issue a dual-tranche offering comprising 10-year and 30-year offshore CNY bonds, according to a statement. Temasek did not disclose the amount it plans to issue for the dual-tranche offering but said the bonds will be issued under Temasek Financial’s $25-billion… Continue reading Singapore’s Temasek launches dual tranche, offshore Chinese yuan bondsThe bonds will be issued under the Guaranteed Global Medium Term Note Programme.
Family offices lead SE Asian LPs’ grip on private markets: PreqinThere were 1,400 family offices in Singapore by the end of 2023.
Southeast Asia-based limited partners (LPs), the biggest proportion of which is constituted by family offices, are allocating more to private assets, according to a Preqin report. The number of family offices in Southeast Asia has grown to a third of the total investors as of June 2024 from a fifth in 2020, the private market… Continue reading Family offices lead SE Asian LPs’ grip on private markets: PreqinThere were 1,400 family offices in Singapore by the end of 2023.