Teacher Retirement System of Texas wants to use its planned Singapore base as a means of gaining direct access to private investments in the region – although the pension fund’s CIO said penetrating Asia would likely take longer than an earlier push into Europe.
Asia accounts for approximately 15% of Texas Teachers’ $153 billion in assets under management, giving it a slightly larger share of the portfolio than Europe. The pension fund identified Singapore as...
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.