BlackRock CEO Larry Fink

BlackRock CEO Fink says evaluating cryptocurrencies


Fink said the world’s largest asset manager has assembled a working group to look at blockchain technology and cryptocurrencies such as bitcoin, but cautioned he does not see massive investor demand.

Investors in Abraaj’s near $1b Africa Fund seek new manager

Investors in the $990 million Abraaj Africa Fund III want to replace the Dubai-based company and have reached out to potential investors including Carlyle Group LP and London-based private equity investor Actis LLP. said to raise fresh funding from Peter Thiel, Bitmain

Other co-investors in the current round include Louis Bacon, founder of Moore Capital Management LP, and fellow hedge fund billionaire Alan Howard.

Nestle sells NZ candy brands to Australia’s Quadrant Private Equity

The New Zealand deal comes six months after Nestle agreed to sell its US confectionery business to Italy’s Ferrero in January for $2.8 billion.

People Digest: NIO Capital hires ex-Geely exec; Acting CIO of NPS Korea steps down

China’s private equity firm NIO Capital has roped in Yu Ning, former vice-president of Chinese automaker Geely Holding Group, as a managing partner

US pension fund SFERS to invest $430m in Asian, emerging market vehicles

It has committed investments to Fortress Japan and Long Hill Capital funds as well as Cartica’s Emerging Markets Fund.

Japanese robotics firm Cyberdyne sets up $82m healthcare, AI fund

The CEJ Fund has initially raised $81.8m and plans to invest in medical and healthcare, robotics, and AI.

UAE court dismisses criminal case against Abraaj founder

The dismissal of the case provides breathing room for Naqvi as Dubai-based Abraaj tries to sell its investment management business.

Asian startups account for top five global VC funding deals in Q2

Asia added 9 new unicorns during the quarter, in contrast to 4 and 6 in Europe & North America respectively.

Sovereign investors face tougher dealmaking environment amid growing protectionism

Rising protectionism threatens to curb inward investment and stunt trade, suggesting private market activity may have plateaued.