Korea, Russia sovereign funds launch investment platform
Korea Investment Corporation (KIC) has agreed to form an investment platform with fellow sovereign wealth fund the Russian Direct Investment Fund (RDIF). Each side will contribute an initial $250 million and it is hoped the fund will reach $1 billion in due course.
The agreement was signed in Seoul in the presence of Russian President Vladimir Putin and Korean President Park Geun-Hye. The fund will focus on cross-border investments that facilitate trade and encourage...
More on North Asia
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.