Michael Carmen, a senior managing director and PE lead portfolio manager at Wellington Management, discusses the growing opportunity in the late-stage pre-IPO market and the challenges for investors
Q: Why are companies putting off IPOs to raise larger private funding rounds? A: When I was investing 20 years ago, it was common to see a $200-400 million IPO. Those companies were still pretty small,...
The Carlyle Group has agreed to invest RMB726 million ($108 million) for a 10% stake in Chinese home textiles maker Luolai Lifestyle Technology.
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
M12, the VC arm of Microsoft, has led an approximately $21 million Series B round for GO1, an Australian workforce services technology start-up focused on corporate training.
DNX Ventures, formerly known as Draper Nexus Ventures, has launched its third Japan-US cross-border VC fund with a target of $300 million.