Privy, a Jakarta-based startup that provides universal identity and digital signature services, has raised $48 million in a Series C funding round anchored by private equity giant KKR and backed by existing investors MDI Ventures, GGV Capital, and Telkomsel Mitra Inovasi. New investors, including Singtel Innov8, also participated in the funding round that will help… Continue reading Indonesian digital signature startup Privy raises $48m in KKR-led Series C funding
Author: Deal Street Asia Online News
The LP View: Cautious about growth assets amid global slowdown, says LGT’s Coulter
More limited partners (LPs) may be turning to direct private equity and venture capital deals, saving on general partner (GP) fees, but the dynamics of the industry that require sizeable, on-the-ground teams could be limiting. Doug Coulter, a partner at LGT Capital Partners, told DealStreetAsia in an interview that while the Switzerland-headquartered firm is taking… Continue reading The LP View: Cautious about growth assets amid global slowdown, says LGT’s Coulter
Indonesia’s Pertamina NRE invests $500m in energy fund with MDI Ventures
Indonesian state-owned firm Pertamina’s new renewable energy subsidiary, Pertamina NRE, will be investing $500 million in an energy fund set up in collaboration with state-owned Telkom Indonesia’s venture capital arm, MDI Ventures. Pahala Mansury, Indonesia’s vice minister of state-owned enterprises, said the energy fund will invest over a five-year period. “We expect more investors to… Continue reading Indonesia’s Pertamina NRE invests $500m in energy fund with MDI Ventures
Canada’s CPP Investments committed $889m to Asia funds, businesses in Q3 2022
The Canada Pension Plan Investment Board (CPP Investments), one of the world’s largest pension funds, has made at least $889 million in total commitments to Asia, including China and India, in the third quarter of this year. In its latest report, the pension fund said it committed $400 million to CVC Capital Partners Asia VI… Continue reading Canada’s CPP Investments committed $889m to Asia funds, businesses in Q3 2022
Saudi sovereign wealth fund PIF reduces majority stake in stock exchange operatorPIF sold a 10% stake in Saudi Tadawul Group through a secondary share…
Saudi Arabia’s Public Investment Fund has sold a 10% stake in stock exchange operator and owner Saudi Tadawul Group through a secondary share offering, raising 2.3 billion riyals ($612 million), it said in a statement on Sunday. The sovereign wealth fund with over $600 billion in assets said it sold 12 million shares through an… Continue reading Saudi sovereign wealth fund PIF reduces majority stake in stock exchange operatorPIF sold a 10% stake in Saudi Tadawul Group through a secondary share…
Germany’s Olaf Scholz visits Vietnam as manufacturers eye shift from China
German Chancellor Olaf Scholz discussed energy and trade ties with Vietnam‘s Prime Minister Pham Minh Chinh during a visit to Hanoi on Sunday, the first for a German leader in more than a decade. Scholz‘s stop in Vietnam on his way to the G20 leaders’ summit in Indonesia, highlights Vietnam‘s growing role in global supply chains as many German firms consider… Continue reading Germany’s Olaf Scholz visits Vietnam as manufacturers eye shift from China
Tesla mulls exporting made-in-China EVs to US, Canada
Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market. Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in Gigafactory Shanghai could be sold in North America as soon as next year,… Continue reading Tesla mulls exporting made-in-China EVs to US, Canada
Indonesia’s Adaro signs MoU with Hyundai for aluminium supply
Indonesian metals company PT Adaro Minerals Indonesia Tbk has signed a memorandum of understanding (MoU) with South Korea’s Hyundai Motor Company on aluminium supply for automobile manufacturing, Adaro said in a statement on Sunday. The MoU was signed on the sidelines of the G20 summit in Bali, Indonesia. Under the MoU, Hyundai would secure the right to purchase aluminium produced by Adaro‘s subsidiary PT Kalimantan Aluminum Industry at an early stage of… Continue reading Indonesia’s Adaro signs MoU with Hyundai for aluminium supply
Blackrock shelves China bond ETF amid growing political tensionThe first Blackrock ETF product was reportedly scheduled for the fourth quarter.
Blackrock Inc has put off the launch of an exchange traded fund (ETF) that invests in Chinese bonds, amid growing tension between Washington and Beijing, the Financial Times said on Saturday. The world’s largest money manager has “indefinitely” shelved the ETF, the newspaper said, citing people familiar with the decision. According to one of the people, the move… Continue reading Blackrock shelves China bond ETF amid growing political tensionThe first Blackrock ETF product was reportedly scheduled for the fourth quarter.
Alameda, FTX execs knew crypto firm was using customer funds, per report
FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities, the Wall Street Journal reported on Saturday. Reuters reported Friday that FTX founder and former CEO Sam Bankman-Fried had secretly transferred $10 billion of customer funds from FTX to Alameda. Ellison told employees in a video meeting on Wednesday that she, Bankman-Fried, and two other executives, Nishad Singh and Gary… Continue reading Alameda, FTX execs knew crypto firm was using customer funds, per report