Taiwan’s Financial Supervisory Commision, which is responsible for the island’s securities markets, banking, and insurance sector, has increased the cap for Taiwanese insurers to invest in private equity.
Insurers that have invested over 40% of their total assets overseas could be allowed to invest up to 3% of their total assets in PE and hedge funds, up from the current limit of 2%. The revision was made...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.