Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. December 08, 2020

Remitly Announces $85M Round; A New DN Unicorn

Remitly, the mobile-first provider of remittances and financial services for immigrants, announced a $85 million funding round to fuel the company's growth as the global demand for digital remittances continues to surge during the COVID-19 pandemic. Existing investor Prosus's PayU led the round at a $1.5 billion valuation. They were joined by returning partners Generation Investment Management, Owl Rock Capital, Stripes, DN Capital, Top Tier, Princeville Global, and Threshold Ventures.
Read by 57% of LPs December 10, 2019

Corporate Venture Capital Deals Hit Record As Banks Invest In Fintech

Corporate venture capital funding is at an all-time high and banks are leading the charge. Investments by financial services firms into startups hit a record 329 deals worth a total of $8 billion in 2019.
Read by 72% of LPs August 14, 2017

JD Finance Launches Consumer VC Fund

Chinese e-commerce giant 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.
Read by 36% of LPs July 31, 2017

Hedge Fund Gigantism Is Not Necessary

<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 &ldquo;billion dollar club&rdquo; and even the medium-sized group are put to the side.</p>
Read by 53% of LPs July 11, 2017

GE Arm In Talks To Invest In Avaada Power's Renewable Energy Projects

<span style="text-align: justify; color: rgb(0, 0, 128);"><strong><a href="" rel="noopener noreferrer" style="color: rgb(0, 0, 128);" target="_blank">GE Energy Financial Services (GEEFS)</a></strong></span><span style="text-align: justify;">&nbsp;is expanding its Indian renewable energy portfolio and is in talks with Avaada Power to invest in the renewable energy projects of the Vineet Mittal-promoted firm, two people aware of the development said.</span>
Read by 63% of LPs July 10, 2017

GE Arm In Talks To Invest In Avaada Power's Renewable Energy Projects

GE Energy Financial Services is in talks with Vineet Mittal-promoted Avaada Power to invest in its wind and solar power projects
Read by 67% of LPs

June 30, 2017

10 Most Important Reads Of The Week - June 30, 2017

It has been an eventful week, and it&#39;s easy to fall behind. Here are the 10 most important reads of the week.
Read by 32% of LPs June 13, 2017

THL Credit Advisors Raises $511M For Third Direct Lending Fund

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&#39;s lower middle market direct origination platform offers vertical specialization and synergies with its tradable credit platform and private equity parent.&nbsp; &quot;The successful close of this fund is an acknowledgement of our experience as a leading, specialized lender in the lower middle market and...
Read by 79% of LPs June 13, 2017

PE, VC Investments Hit 10-Year High Of $3.1B In May

Private equity&nbsp;and&nbsp;venture capital investments have recorded the highest monthly investments in the past 10 years at $3.1 billion in May 2017. For the third consecutive month in a year, the investment flow crossed the $2-billion mark.
Read by 58% of LPs May 23, 2017

Ex-FCA Boss Wheatley Returns To Finance At Hedge Fund

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 &ldquo;different leadership&rdquo; 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...
Read by 68% of LPs