Zhang Lei’s more than $50 billion investment firm may raise about $4 billion to be split between its flagship Gaoling Fund and the Hillhouse China Value fund.
Tiger Global told investors in a letter that the Japanese conglomerate is trading at a steep discount to its net asset value, with its share price failing to reflect the appreciation of its assets
Eleven percent of those surveyed at an industry conference said they plan to allocate to crypto funds this year. Seventy-one percent said they won’t, and 18 percent were undecided.
These valuations come as four major investors consider pumping $1-1.5 billion directly into Uber at a $69 billion valuation.
The transaction is the fourth of its type for Blackstone, which has raised more than $3 billion to buy stakes of 15 percent to 25 percent in hedge funds.