Chinese e-commerce giant JD.com Inc.'s financial services spin-out, JD Finance, has set up its first consumer-focused early stage venture fund, Qianshu Capital, to back innovative start-ups that help meet increasing consumer demand in China.
<p>A joint survey by the Alternative Investment Management Association and GPP, the financial services firm formerly known as Global Prime Partners, disaggregates the hedge fund industry by size. It finds that the dynamics of the smallest (emerging-funds) sector looks very different once the “billion dollar club” and even the medium-sized group are put to the side.</p>
The credit investment arm of private equity company Thomas H. Lee Partners has raised $511 million for its third direct lending fund reportedly aimed at mid-sized private companies in healthcare, financial services and software. The new fund from THL Credit Advisors LLC was oversubscribed and closed above its target, the company said in a statement. The firm's lower middle market direct origination platform offers vertical specialization and synergies with its tradable credit platform and private equity parent. "The successful close of this fund is an acknowledgement of our experience as a leading, specialized lender in the lower middle market and...
Former FCA chief executive Martin Wheatley has resurfaced in the world of finance as an adviser for a Hong-Kong based hedge fund. Wheatley took the helm of the FCA when it was formed in 2013 after holding senior roles at predecessor regulator the Financial Services Authority. However, he resigned in July 2015 after then Chancellor George Osborne refused to renew his contract, citing the need for “different leadership” at the top of the regulator. After a 12-month notice period and six months gardening leave, Wheatley has now joined the advisory board of equity investors and hedge fund Oasis Management, returning...
The Boston-based financial services technology startup Quantopian has made its first investments with the millions that hedge fund king <a href="http://www.bizjournals.com/boston/search/results?q=Steven%20A.%20Cohen">Steven A. Cohen</a> handed over to the company last year.
<p>The Ford Foundation is committing $1 billion of its endowment over the next 10 years to money managers who invest in affordable housing and financial services for people in developing countries.</p> <p>The move marks a shift by the New York-based nonprofit, from investing its $12 billion endowment in traditional assets to funds aligned with its mission that also aim to earn market-rate returns, the foundation said in a statement Wednesday.</p> <p>"We believe the time has come to step up and put our money where our mouth is," Ford Foundation President Darren Walker said in a conference call last week. "If we as a society are going to solve the world’s problems, every sector needs to play a role." </p>
Sunlight Financial, a leading provider of loans for residential solar systems, today announced a new partnership with Route 66 Ventures, a private investment firm that makes credit and equity investments in high-growth companies in the financial services sector.
NEW YORK, Feb 14 (Reuters) - U.S. President Donald Trump's plans to cut financial services regulation, repatriate overseas corporate profits and increase infrastructure spending bode well for New York commercial real estate, a leading owner of city office space said on Tuesday.