Abraaj founder Arif Naqvi

Beleaguered PE firm Abraaj takes 70% stake in Nigerian firm by converting loan


Abraaj is being restructured by liquidators in a bid to settle more than $1 billion of its debts through asset sales.

Global VC funding in AI startups hits record high of $9.3b in 2018

AI technology has matured in recent years, as more companies have started using predictive algorithms and other automated techniques across myriad disciplines.

People Digest: AlpInvest makes Japan hire; Jardine Matheson appoints outsourced CIO

AlpInvest Partners has made its first dedicated hire in Japan while Hong Kong-based Jardine Matheson has appointed an outsourced chief investment officer for its pension assets.

World Bank president Kim joining Global Infrastructure Partners

GIP focuses on projects in the energy, transport, water and waste industries and invests in developed and select emerging countries.

Lambda School secures $30m financing for income share agreement model

The online coding school is said to be valued at $150 million after the Bedrock Capital-led financing.

JPMorgan ropes in Oliver Brinkmann from Lloyds to head Asia corporate banking

Based in Hong Kong, he reports to Sjoerd Leenart for corporate banking duties and Nicolas Aguzin from a regional perspective.

CMB International leads $100m funding in US biopharma firm Apollomics

Apollomics, incubated by OrbiMed Asia at inception, is engaged in the discovery and development of oncology combination therapies.

Goldman invests over $100m in women-led startups

Goldman’s pledge to inject $500 million into firms run by women may help burnish the bank’s reputation among budding businesses.

How Japanese drugmaker Takeda’s $62b Shire deal reshapes pharma world

It’s part of a larger shift in the industry as drugmakers scramble to consolidate, seeking to bulk up to survive the increasing pressure from stricter regulations on drug prices and looming patent expirations.

S Korean adtech startup Madup secures $12m in Series B funding

Praxis Capital, Stonebridge Ventures, ID ventures, MG investment, and Seoul Investment Partners were the investors.