By Trevor Hunnicutt
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 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.
Other co-investors in the current round include Louis Bacon, founder of Moore Capital Management LP, and fellow hedge fund billionaire Alan Howard.
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.
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
It has committed investments to Fortress Japan and Long Hill Capital funds as well as Cartica’s Emerging Markets Fund.
The CEJ Fund has initially raised $81.8m and plans to invest in medical and healthcare, robotics, and AI.
The dismissal of the case provides breathing room for Naqvi as Dubai-based Abraaj tries to sell its investment management business.
Asia added 9 new unicorns during the quarter, in contrast to 4 and 6 in Europe & North America respectively.
Rising protectionism threatens to curb inward investment and stunt trade, suggesting private market activity may have plateaued.