The Monetary Authority of Singapore (MAS) plans to transfer S$45 billion ($33 billion) of the country’s foreign exchange reserves to GIC Private for deployment in longer-term investments.
It is unclear what impact this will have on GIC’s overall holdings. The sovereign wealth fund, which was established in 1981 to manage Singapore’s foreign reserves, claims to have well over $100 billion...
Abu Dhabi sovereign wealth fund Mubadala has agreed to invest INR90.9 billion ($1.2 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries.
Bessemer Venture Partners has led an INR1.5 billion ($20 million) Series B round for teleconsultation health platform DocsApp.
Everest Medicines, a China-based biopharmaceutical company, has raised $310 million in Series C funding across two tranches.
Bespin Global, a Seoul and Beijing-based cloud management services provider, has raised RMB530 million ($74.6 million) in a Series C round from SK Telecom and existing investor DY Holdings.