According to Qualgro managing partner Heang Chhor, 60% of the fund has been committed and it is on track to hit its final close in 6-9 months. The post Singapore's Qualgro marks first close of $100m second ASEAN fund appeared first on DealStreetAsia.
Security company G4S will not be allowed to run HMP Birmingham again for at least six months. : Birmingham Prison is being temporarily taken over by the government from the private firm G4S, after inspectors said it had fallen into a "state of crisis". A new governor and extra staff are being brought in and the capacity of HMP Birmingham will be cut by 300. It will not be returned to G4S for at least six months - until ministers feel "sufficient progress" has been made. G4S said it "welcomed" the development as an opportunity to "urgently address" the problems.
GRAND RAPIDS -- Investment firm Grand Angels plans to launch its third venture capital fund, MiBiz has learned. Investments could bring new advanced manufacturers to Michigan, execs say GRAND RAPIDS -- Investment firm Grand Angels plans to launch its third venture capital fund, MiBiz has learned. Grand Angels Venture Fund III LLC seeks to raise $15 million to $25 million that builds off of two prior, smaller venture capital funds at the organization. The new fund would target investments in advanced manufacturing, advanced agriculture, life sciences and software, all of which were focuses of the previous funds.
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BDC Capital has added to the bench strength of its growth equity group to make further inroads in Canada's lower-mid market and deploy a $250 million fund. BDC recently hired three investment pros for offices i [...]
TK Partners consortium led by Hodes Weill affiliate and includes Kudu. : A consortium of institutional investors led by Tunbridge Investment Partners has bought a stake in New York-based real estate fund manager and developer Savanna. Tunbridge, an affiliate of real estate advisory firm Hodes Weill & Associates, specialises in taking minority stakes in mid-sized real estate investment managers. The consortium, TK Partners, is capitalised in part by Kudu Investment Management, which also specialises in investing in investment management firms.
Here is what you need to know. Chinese stocks tank to their lowest level since January 2016. China's Shanghai Composite fell 1.34% on Friday, settling at its lowest level since January 28, 2016, as trade-war fears and a domestic deleveraging campaign by Chinese authorities weighed. The lira is tumbling after the US said it's ready to kick its battle against Turkey up a notch. The Turkish lira plunged as much as 8.77% Friday morning after US Treasury Secretary Steven Mnuchin threatened further sanctions against Turkey if it did not release the detained American pastor Andrew Brunson.
Upscale department store Nordstrom saw sales soar in the last quarter, becoming the latest company to defy predictions that traditional retailers are flailing.
The company, which was acquired by Nath last December, will start lending operations from January 2019. The post Former Religare CEO Shachindra Nath raises $142m for NBFC Chokhani Securities appeared first on DealStreetAsia.