AVCAL releases private equity governance code
The Australian Private Equity and Venture Capital Association (AVCAL) has released a governance code designed to improve transparency in the private equity industry. The code is intended to formalize industry best practice and all AVCAL members will be obliged to implement it, much as companies listed on the Australian Stock Exchange must adhere to official corporate governance protocols.
As with the ASX Corporate Governance Principles and Recommendations, if a private equity firm elects not to adopt any aspect of the code, they must be in a position to explain why not. Bill Shorten welcomed...
More on Australasia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.