Global index publisher FTSE Russell and Chinese financial conglomerate Ping An announced a partnership on Thursday to promote sustainable investment, launching a series of China indexes integrating environmental, social and government (ESG) considerations. The strategic partnership comes as global investors grow increasingly ESG-conscious, and Beijing accelerates a green push to help meet the government’s carbon neutrality pledge by 2060. The FTSE Ping An China ESG Index Series, which combines Ping An’s China-specific ESG approach into FTSE Russell‘s China indexes, shows… Continue reading FTSE Russell, Ping An jointly launch China ESG indicesThe strategic partnership comes as global investors increasingly grow ESG-conscious.
Author: Deal Street Asia Online News
Asia Digest: FinAccel welcomes Slack’s Allen Shim; Australia’s Avarni raises $3m; Blackstone eyes KKR’s Australian Venue
Former Slack CFO Allen Shim recently joined FinAccel’s board of directors. Meanwhile, carbon management startup Avarni raised $3 million, while US private equity giant Blackstone is reportedly showing interest in KKR’s pubs business. Allen Shim joins FinAccel FinAccel, the parent company of Kredivo, announced on Thursday that former Slack CFO Allen Shim has joined its… Continue reading Asia Digest: FinAccel welcomes Slack’s Allen Shim; Australia’s Avarni raises $3m; Blackstone eyes KKR’s Australian Venue
Bankruptcy judge orders Celsius to return crypto assets to some customers
A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. U.S. Bankruptcy Judge Martin Glenn is weighing broader questions of who owns crypto assets that were deposited with Celsius. His ruling Wednesday was limited to customers who had non-interest bearing custody accounts, whose funds were not commingled with other Celsius assets, and… Continue reading Bankruptcy judge orders Celsius to return crypto assets to some customers
FTX founder Sam Bankman-Fried may face US probe for market manipulation
US federal prosecutors are investigating whether FTX‘s founder Sam Bankman–Fried manipulated the market for two cryptocurrencies this May that led to their collapse and resulted in the implosion of his own cryptocurrency exchange, the New York Times reported on Wednesday. The prosecutors are looking into whether Bankman–Fried controlled the prices of two interlinked currencies, TerraUsd and Luna, to benefit the entities he controlled including FTX and Alameda Research, the report said. The… Continue reading FTX founder Sam Bankman-Fried may face US probe for market manipulation
India: SBICAP Ventures makes final close of SWAMIH Investment Fund I at $1.89bIt also has investments from LIC and HDFC, besides major nationalised ba…
SBICAP Ventures, a subsidiary of India’s largest lender State Bank of India (SBI), has made the final close of SWAMIH Investment Fund I at Rs 15,530 crore ($1.89 billion), its MD & CEO Suresh Kozhikote told DealStreetAsia in an interview. Sponsored by the Ministry of Finance, SWAMIH Investment Fund I is India’s largest social impact… Continue reading India: SBICAP Ventures makes final close of SWAMIH Investment Fund I at $1.89bIt also has investments from LIC and HDFC, besides major nationalised ba…
China Digest: Enkris raises Series C round; Yipeng, PowerEpi bag funding
Enkris Semiconductor has landed “several hundreds of million” yuan in a Series C round, while lithium battery maker Yipeng and semiconductor materials firm PowerEpi have raised funding. Nio Capital, DragonBall Capital back Enkris Enkris Semiconductor has landed “several hundreds of million” yuan in a Series C round led by Nio Capital, founded by Chinese electric… Continue reading China Digest: Enkris raises Series C round; Yipeng, PowerEpi bag funding
Dwindling cash amid funding woes casts a shadow on GoTo’s business
Once riding high as a national champion, a dwindling cash position amid difficult fundraising prospects has raised concerns about Indonesian technology giant GoTo’s business. GoTo, whose gross transaction volume at 451.5 trillion rupiah accounts for a substantial share of Indonesia’s GDP of 5,091 trillion rupiah, now has a weaker cash position than most of its… Continue reading Dwindling cash amid funding woes casts a shadow on GoTo’s business
Waterfield Advisors marks final close of its maiden fund-of-funds at $66m
Waterfield Advisors, a Mumbai-based wealth advisory firm, Wednesday announced the final close of its first fund-of-funds (FoF) at about $66 million (Rs 540 crore), exceeding the firm’s initial target of Rs 500 crore. The fund, which was launched in early 2021, marked its first close at Rs 200 crore in June last year. According to… Continue reading Waterfield Advisors marks final close of its maiden fund-of-funds at $66m
Partners Group picks majority stake in India’s Sunsure Energy for $400mSunsure will build and own utility-scale solar, wind, solar-wind hybrid, and ba…
Swiss investment firm Partners Group has agreed to acquire a majority stake in Sunsure Energy, a Gurugram-headquartered renewable energy and decarbonisation solutions platform, for $400 million. Founded in 2015, Sunsure has developed and installed solar power plants for industrial customers across 16 Indian states. The Sunsure founding team includes Shashank Sharma, Shantanu Faugaat, Manish Mehta,… Continue reading Partners Group picks majority stake in India’s Sunsure Energy for $400mSunsure will build and own utility-scale solar, wind, solar-wind hybrid, and ba…
Data Vantage: Pace, ShopBack, TipTip, TabSquare and FinAccel receive capital injection
Singapore-based buy now, pay later (BNPL) startup Pace received $6 million this week in Series A funding from Vertex Ventures Southeast Asia & India, UOB Venture Management, Mindful Wealth and Taufiq Fuad. The latest capital injection comes about a year after the company announced its $40 million Series A round. The firm has garnered $31.5… Continue reading Data Vantage: Pace, ShopBack, TipTip, TabSquare and FinAccel receive capital injection