Private equity and venture capital have been omitted from China's revised Securities Investment Funds Law, which comes into effect in June. This means the asset class will remain largely unregulated.
Revisions to the legislation have been under discussion for years, especially since the launch of China's second board for start-up companies in 2009, which significantly increased local appetite for pre-IPO...
The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Australian regulators want greater consistency in how superannuation funds report costs and fees to members. While sound in principle, the draft measure is problematic in practice, especially for private equity
CreditEase Insurance Agency, an insurance unit of China’s CreditEase Wealth Management, has raised RMB80 million ($12 million) from investors including IDG Capital through a private placement on the National Equities Exchange and Quotations (NEEQ).
AirTree Ventures has led a A$25 million ($19.2 million) investment in Australian financial technology company Prospa.