The Australian government has accumulated $365 million for a fund that will support small businesses. Private equity investors are unsure why it’s necessary and how it will be managed
Launched in 2011 with GBP2.5 billion (then $4 billion) in funding from five major banks, the UK’s Business Growth Fund had invested GBP2 billion in 285 companies across retail, energy, hospitality, engineering...
China’s MSA Capital has joined a $30.5 million round for Saudi Arabian B2B services marketplace Sary as part of a deepening Asia-Middle East agenda.
Huoban.com, a Chinese zero-code application building platform has raised $17 million in Series B funding led by 5Y Capital and Sequoia Capital China. Challenjers Capital also took part in the round.
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
David Swensen, head of the Yale University endowment who pioneered a new approach to institutional investment management, has died aged 67 following a long battle with cancer.