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18 Aug. 2023 UK finance giants launch $1.27bn fintech fund to compete with Silicon Valley [more]
Laxman Pai, Opalesque Asia: UK Fintech Growth Partners has launched a GBP1 billion ($1.27 billion) investment fund for growth-stage UK fintechs, backed by some of the financial industry's biggest giants. This is said to be a first-of-its-kind fund that will focus on supporting growth-stage fi
17 Aug. 2023 With 8,553 deals in H1 2023, VC funding deals volume declined 35.3% YoY [more]
Laxman Pai, Opalesque Asia: With a total of 8,553 venture capital (VC) funding deals with disclosed funding values announced during the first half (H1) of 2023, the volume of these deals declined by 35.3% year-on-year (YoY) compared to 13,223 VC deals in H1 2022, said a study. However, the de
16 Aug. 2023 Global green and sustainability bonds hit the $4tn mark [more]
Laxman Pai, Opalesque Asia: Global issuance of green, social, sustainability, and sustainability-linked bonds (collectively GSS+) reached US$4.2 trillion in June and will likely hit $5 trillion at the end of the year, said a study. According to Climate Bonds Initiative, a UK-based group focuse
15 Aug. 2023 Access Holdings wraps up sophomore fund at $805m to invest in mid-market [more]
Laxman Pai, Opalesque Asia: Access Holdings, a Baltimore-based middle-market investment firm, has raised approximately $805 million in new capital, including $525 million for Access Holdings Fund II and an additional $280 million for Fund II co-investment. This capital will be used for middle mar
14 Aug. 2023 Return-to-office mandates could impact retention in US financial services industry [more]
B. G., Opalesque Geneva: In the U.S. financial services industry, working from home may soon become a luxury that many won't want to give up after having had a taste of it during the Pandemic. So companies should step lightly. A Deloitte survey revealed that for both men and women, workp
14 Aug. 2023 With 2025 deals APAC VC funding value decline 37.7% during H1 2023 [more]
Laxman Pai, Opalesque Asia: The Asia-Pacific (APAC) venture capital (VC) investment ecosystem witnessed a unique trend during the first half (H1) of 2023 amidst a backdrop of market volatility, changing investor sentiments, and sector-specific nuances, said a study. According to the GlobalData
11 Aug. 2023 Hedge fund industry by AUM value to grow to $5.37tn by 2028 [more]
Laxman Pai, Opalesque Asia: The hedge fund industry by assets under management value is expected to grow from USD 4.60 trillion in 2023 to USD 5.37 trillion by 2028, at a CAGR of 3.14% during the forecast period (2023-2028), said a review. According to the Reportlinker.com report, the total va
11 Aug. 2023 Blackstone raises $7bn for energy transition private credit fund [more]
Laxman Pai, Opalesque Asia: Alternative investment manager Blackstone has raised $7.1 billion at the final close of its energy transition credit fund, Blackstone Green Private Credit Fund III (BGREEN III). The credit-focused asset managers said in a media release that the fund is the largest e
11 Aug. 2023 US alternative asset manager calls for standardized rating system for carbon credits [more]
B. G., Opalesque Geneva: Kimmeridge, an alternative asset manager focused on the energy sector, has just published a paper on the carbon credit market that suggests that a standardized, global rating system for carbon credits would allow for the creation of a single benchmark futures price and th
10 Aug. 2023 PAG amasses $1.8bn for largest Asia Pac real assets fund [more]
Laxman Pai, Opalesque Asia: Asia Pacific-based alternative investment manager PAG said that its unit PAG Real Assets (PAG RA) has raised $1.8 billion in capital commitments for PAG Real Estate Partners Fund III (PREP III). PREP III, the third fund in PAG Real Assets' series of core-plus/va
09 Aug. 2023 AltTab Capital appoints Nick Tsui as crypto trader and options specialist [more]
Opalesque Industry Update - AltTab Capital, the international cryptocurrency and digital assets hedge fund company, has announced that it has appointed Nick Tsui as Crypto Trader and Options Specialist to both strengthen and expand its portfolio management team. Nick Tsui is joining AltTab Capi
09 Aug. 2023 With 2,153 deals in H1 2023, global fintech funding falls to $52.4bn [more]
Laxman Pai, Opalesque Asia: With both total fintech funding and the number of deals dropping, from US$63.2 billion across 2,885 deals in H2 2022 to US$52.4 billion across 2,153 deals in H1 2023, the first six months of 2023 were difficult for the fintech market globally, said a study. Accordin
09 Aug. 2023 SEC charges 11 Wall Street firms with record-keeping failures [more]
B. G., Opalesque Geneva: The Securities and Exchange Commission has charged 10 broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longsta
08 Aug. 2023 Institutional investors and wealth managers believe US leads the way as regulators commit to robust crypto rules [more]
Opalesque Industry Update - According to new global research by London-based Nickel Digital Asset Management (Nickel), Europe's regulated, award-winning digital assets hedge fund manager international investors are increasingly convinced that regulators are committed to addressing digital asset regu
08 Aug. 2023 Revelstoke Capital's new $1.7bn fund to focus on 'highly resilient' healthcare [more]
Laxman Pai, Opalesque Asia: Healthcare-focused Revelstoke Capital Partners has soared past its $1bn target for its third fundraise to reach a hefty $1.7bn final close. The Denver-based private equity firm with $5.8 billion of assets under management partners with entrepreneurs and management t
07 Aug. 2023 AI mania, financials and energy stocks boost hedge fund gains in July [more]
Opalesque Industry Update - Hedge funds extended their June performance surge through July, once again led by Technology, AI and Growth, with gains in these areas complemented by Shareholder Activist, Financials and Commodity sub-strategies as many U.S. companies posted better than expected earnings
07 Aug. 2023 Warning: Virtual asset trading platforms engaging in improper practices [more]
Opalesque Industry Update - The Securities and Futures Commission (SFC) has observed some unlicensed virtual asset trading platforms (VATPs) engaging in improper practices. This statement warns VATPs of the potential legal and regulatory consequences of these improper practices and reminds investors
07 Aug. 2023 Hedge fund net outflows continued in June as overall volume of flows rise [more]
Opalesque Industry Update - June marked the 13th consecutive monthly net outflow for the hedge fund industry, said eVestment. Compared to prior Junes' data, however, the redemptions in June 2023 were relatively light and what inflows the industry did see during the month were less concentrated,
07 Aug. 2023 With high-value deals volume, US and China are still preferred investment destinations for VC firms [more]
Laxman Pai, Opalesque Asia: US, and China maintained their status as the preferred investment destinations as these two countries accounted for a staggering 70% of the volume and value of high-value venture capital (VC) deals (≥$100m) announced globally, said a study. An analysis of Globald
04 Aug. 2023 Pershing Square to short 30-year Treasuries [more]
B. G., Opalesque Geneva: Bill Ackman, the founder of Pershing Square Capital Management, declared that his firm would be shorting 30-year Treasuries using options, in light of the low long-term rates - which might lead to a persistent 3% inflation -, Ts being overbought, and other events such as
04 Aug. 2023 AB CarVal amasses $1.5bn for clean energy fund [more]
Laxman Pai, Opalesque Asia: US alternative investment manager AB CarVal, a part of AllianceBernstein, has closed its CVI Clean Energy Fund II (CEF II) with $1.5 billion in total capital commitments to the energy transition strategy. CEF II focuses on credit and hard-asset investments in the
03 Aug. 2023 SK Capital Partners racks up $800m for Catalyst Fund II [more]
Laxman Pai, Opalesque Asia: SK Capital Partners, a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, has closed SKCP Catalyst Fund II. The Fund was oversubscribed with total committed capital of $800 million, reflecting the Fund's $750 million
03 Aug. 2023 Sustainable bond funds see outflows of $830m H1 2023 [more]
Laxman Pai, Opalesque Asia: Sustainable fixed income funds experienced outflows of GBP653m ($830m) in the first half of 2023, while inflows have been strong year-to-date for non-sustainable bond funds, netting GBP9.5bn, said a study. According to the LSEG Lipper UK ESG Fund Market H1 2023 repo
02 Aug. 2023 Equity expert Benedikt Popp joins Tramondo Investment Partners as a senior portfolio manager [more]
Opalesque Industry Update - Tramondo Investment Partners AG announced that Benedikt Popp has joined the company as a Senior Portfolio Manager. In this role, the renowned expert will be responsible for the company's equity analysis and selection. In addition, he will join Tramondo's Investmen
02 Aug. 2023 Whitehorse Liquidity Partners wraps up fifth fund at $5.3bn [more]
Laxman Pai, Opalesque Asia: Canadian secondaries firm Whitehorse Liquidity Partners collected $5.3 billion for Whitehorse Liquidity Partners V and related vehicles, exceeding a $5 billion goal. Flagship Fund V represents Whitehorse's largest fund to date, said a media release from the speciali
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