The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the Abraaj Group’s global credit fund.
The vehicle, Abraaj Global Credit Fund (AGCF), has a target of $500 million, according to a disclosure. IFC’s commitment would not exceed 20% of the total corpus. AGCF will provide growth capital in...
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.