
Colony checks partway out of Raffles to QIC
Colony Capital is reducing its stakeholding in iconic Singapore-centered hotel investment Fairmont Raffles Holdings International, in an $847 million deal with the Qatar Investment Authority, with Singapore's historic Raffles Hotel going to QIC for $275 million as part of the deal.
Colony, which co-owns the company with Saudi Prince Alwaleed bin Talal's Kingdom Hotels, will see its holding reduced to 22%, as QIC becomes the new largest shareholder with a 40% stake. Raffles Hotel...
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.