By Tanu Pandey
KKR’s first close will be at around $4b, and for TPG, it will be over $2b.
Wal–Mart Stores Inc, the world’s largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday. The plan is being spearheaded by Marc Lore, Wal–Mart‘s e-commerce chief, who joined the Bentonville, Arkansas-based company from… Read more »
LaunchVic is Victorian state’s A$60-million fund.
Only unlisted public companies are allowed to raise funds.
OCP Asia raised $200 million for a fund that will lend directly to small- and medium-sized companies as banks have pulled back on loans they deem risky. OCP’s private equity-like fund, Landmark II, completed fundraising earlier this year to bring the amount of assets the firm managed to $1.3 billion… Read more »
This comes amid many controversies engulfing the firm.
Deutsche Bank AG said it will raise 8 billion euros ($8.6 billion) by selling stock at a 35 percent discount to last week’s closing price as Germany’s largest lender seeks to shore up its finances and boost growth. The company will issue 687.5 million new shares at 11.65 euros apiece,… Read more »
Pioneer Capital’s Randal Barrett on latest fund and Australasian PE.
The accelerator, with 10 startups, will launch later this year
Investment banks have been on an “intensive diet” since 2011.