Norway’s sovereign wealth fund said on Thursday it would exclude from its portfolio two Thai companies and one Israeli firm that it said held “unacceptable risk” of human rights’ violations. The $1.3 trillion fund’s executive board decided to exclude Israeli security and analytics software provider Cognyte Software Ltd, Thai national energy company PTT and its… Continue reading Norway’s SWF drops Thai, Israeli firms on rights concerns
Author: Deal Street Asia Online News
S Korea pension fund NPS opens up forex hedging limit to maximum 10%
South Korea’s mammoth National Pension Fund (NPS) will hedge foreign exchange risks for up to 10% of its overseas investment compared with zero at present, the welfare ministry said on Friday. “If foreign exchange rates rise to unusually high levels again, it is necessary to temporarily reduce the size of the foreign exchange exposure until… Continue reading S Korea pension fund NPS opens up forex hedging limit to maximum 10%
Crypto trader Amber raises $300m to offset fallout from FTX collapse
Singapore-based crypto trading and lending platform Amber Group has completed a $300 million Series C funding round to protect clients affected due to the collapse of FTX’s collapse, it shared of Twitter on Friday. The funding round was led by Shanghai-based Fenbushi Capital US and joined by other blockchain-focused venture capital investors and family offices.… Continue reading Crypto trader Amber raises $300m to offset fallout from FTX collapse
Solar energy startup Sun King raises $70m in Series D extension led by LeapFrogSun King had raised $260m in the first tranche of its Series D in April…
Sun King, an Africa- and Asia-focused solar energy company, has extended its $260 million Series D funding round to $330 million after raising a fresh $70 million led by LeapFrog Investments. Sun King, founded in 2007 by Patrick Walsh and Anish Thakkar, provides D2C, pay-as-you-go (PAYG) solar distribution networks, enabling households and individuals to get… Continue reading Solar energy startup Sun King raises $70m in Series D extension led by LeapFrogSun King had raised $260m in the first tranche of its Series D in April…
Asia Digest: DEA raises $10m; OPEC commits $38m to Bangladesh
Global alternative investment group LDA Capital has invested $10 million in Singapore-based Digital Entertainment Asset (DEA) while the OPEC Fund for International Development has committed $38 million to Bangladesh. DEA secures $10m investment from LDA Digital Entertainment Asset (DEA), the operator of NFT gaming platform PlayMining, announced that it secured a $10-million investment from alternative… Continue reading Asia Digest: DEA raises $10m; OPEC commits $38m to Bangladesh
Asia-focused Ares SSG raises $1.12b so far for sixth flagship PE fundIn 2019, the firm raised $2.7b for Fund V and its sidecar co-investment vehicle.
Asia-focused alternative asset manager Ares SSG has raised $1.125 billion so far for its sixth flagship Asian special situations fund, according to its filing with the US Securities and Exchange Commission (SEC). According to the filing, Ares SSG has already secured commitments from at least six investors for Ares SSG Capital Partners VI LP, which… Continue reading Asia-focused Ares SSG raises $1.12b so far for sixth flagship PE fundIn 2019, the firm raised $2.7b for Fund V and its sidecar co-investment vehicle.
PLDT sells another 650 telco towers to Partners Group-backed Unity
PLDT, the Philippines’ largest telecom company, has signed a deal to sell another 650 cellular towers to independent tower firm Unity Digital Infrastructure (Unity) for 9.2 billion pesos (about $165 million), according to a disclosure. The agreement, signed by PLDT’s subsidiaries Smart Communications and Digital Mobile Phils, will also see Smart leasing back the towers… Continue reading PLDT sells another 650 telco towers to Partners Group-backed Unity
BluSmart Mobility may close Series B funding round at $200m or lessThe Indian EV ride-hailer raised a total of %50.7m in Series A funding.
Indian electric vehicle (EV) ride-hailing platform BluSmart Mobility could close its Series B funding round at $200 million or less this month, said investors who were approached by the startup for funding but did not want to be named. In May this year, BluSmart Mobility Pvt Ltd, which operates the ride-hailing platform BluSmart, raised $25… Continue reading BluSmart Mobility may close Series B funding round at $200m or lessThe Indian EV ride-hailer raised a total of %50.7m in Series A funding.
Buyout firm Bain Capital files to raise fifth Asia-Pacific fundThe firm close Fund IV with $4.65 billion in December 2018.
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Biden blacklists China’s YMTC, crackdowns on AI chip sector
The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could divert American technology to previously… Continue reading Biden blacklists China’s YMTC, crackdowns on AI chip sector