Singapore’s GIC Private warned of “high-risk asset valuations that mask weak market fundamentals and growing economic uncertainties” having dialed down exposure to developed market public equities in favor of private equity, bonds and cash over the past 12 months.
The sovereign wealth fund – which claims to have invested well over $100 billion while independent assessments put its wealth at more than $300 billion – increased its private equity allocation from...
Sequoia Capital closed its latest set of funds for deployment in India and Southeast Asia with $1.35 billion in commitments.
Ucommune, a Chinese co-working space operator that failed to get traction with an attempted New York IPO last year, has been acquired by a US-listed special purpose acquisition company (SPAC) at a valuation of $764.9 million.
Indies Capital, a Singapore-based GP focused on Indonesia, has reached a first close of $100 million for its third flagship private equity and credit fund.
EQT has submitted a revised offer to acquire New Zealand retirement village player Metlifecare at a lower valuation after facing a legal challenge over its attempt to terminate a previously agreed deal.