Taiwan’s China Life Insurance commits $20m to Blackstone’s secondary vehicle


China Life is an existing LP in the fund’s predecssor, Strategic Partners Fund VII, to which it had committed $10 million.

Venture capital firm Accel is said to raise $2.5b for new funds

The flagship Accel XIV fund totals $525 million, up from $500 million in 2016. Accel also raised a growth fund of $1.5 billion, up from $1.2 billion, and a $500 million Leaders Fund.

Abu Dhabi state investor Mubadala halts business with Goldman Sachs amid 1MDB lawsuit

For Goldman Sachs, the suspension of new business with Mubadala comes at a bad time as Abu Dhabi is embarking on a privatization spree that raises the prospect of several big deals in the offering for investment banks.

PE-backed Homeplus withdraws $1.5b REIT listing on weak demand

The number of listed REITs in Asia’s fourth-largest economy is still small, with only six publicly traded property trusts out of the total of 222.

S.Korea’s pension fund co-invests in $45m Series A round of MegazoneCloud

Korea Development Bank, Korea Investment Holdings, KB Financial Group, and Nau IB Capital’s growth capital fund also participated in the round.

Israeli cybersecurity firm Cymulate raises $7.5m Series A led by Vertex Ventures, Dell

The proceeds of the funding will help Cymulate expand its operations in the US and accelerate R&D.

EQT to opportunistically explore Asia opportunities with $10.2b infra fund

EQT has previously said that it seeks to expand its investment portfolio in the Asia-Pacific by tapping mid-market and infrastructure opportunities.

Uber in talks with SoftBank, others for $1b investment in self-driving unit

Selling a stake in the self-driving business would allow Uber to offload part of a very expensive endeavor, as it faces scrutiny from prospective investors in an IPO planned for the coming months.

Brookfield-Oaktree deal could spur M&A in alternatives industry

Alternative asset managers are under pressure to broaden their offerings as institutional investors seek to make big allocations to fewer firms.

Africa’s online retail unicorn Jumia files for New York IPO to raise up to $600m

The retailer provides an Amazon-like service in 14 African countries with customer numbers growing to 4 million at the end of 2018 from 2.7 million the previous year.