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Upstart Insurer Wants To Buy Your Pension Fund
Athene Holding Ltd., untested at running pension funds, wants to compete with the industry’s oldest and biggest firms. Jumping into the business of owning retirement plans would benefit Apollo Global Management LLC, the New York-based private equity shop led by billionaire Leon Black. Athene, co-created by Black’s firm eight years ago, would pay Apollo to manage the pension money. Companies looking to make employee-pension funds someone else’s challenge have sold them to giant insurers such as Prudential Financial Inc. and ... Full investment news article
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Kalaari Capital Leads $25M In Fitness Startup
Bengaluru-based fitness startup CureFit has raised $25 Mn in Series B round of funding from existing investors Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT fund. The startup will use the newly raised funds to expand the companyâs geographical footprint in the country and scale-up its business verticals. Vani Kola, managing director at Kalaari Capital. Full investment news article
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IDG Ventures,