SoftBank’s Son may use listing to fix $22b valuation gap


Masayoshi Son’s promises of a turnaround for his U.S. operations and a record share buyback haven’t been enough to erase SoftBank Group Corp.’s $22 billion valuation gap. The billionaire founder has at least one more card to play — listing the company’s domestic telecommunications business.

BlackRock targets 2016 launch for LatAm infrastructure fund

BlackRock Inc is accelerating its push in Latin America, making plans for its first launch of a private equity infrastructure fund targeting that market, a company document showed. The launch is anticipated this year, according to the document, an infrastructure investing plan seen by Reuters on Monday. Such funds typically… Read more »

Partners Group acquires stakes in NZ Super’s real estate funds at discount: Report

Switzerland-based Partners has acquired five fund positions from NZ Super, which wants to exit the real estate space. The positions include stakes in the third fund of Hong Kong-based Gaw Capital Partners, a private equity real estate firm, and Red Fort India Real Estate Fund II, an India-focussed fund run by Singapore-based Rising Straits Capital.

KKR and Babson swoop in to fill Asian lending gap left by banks

KKR & Co. and Babson Capital Management LLC are looking to take advantage of a pullback in lending by banks in Asia, after funds active in the region raised a record amount from investors.

Taiwan’s ACT Genomics raises $12.5m Series B led by Hotung Group, CDIB Capital Management

Existing investors like Eminent II VC, Hua Nan Venture Capital, President International Development and UMC Capital also took part in the fresh round.

JBIC invests in KKR’s Americas Fund to support Japanese firms in new markets

JBIC did not specify how much it has invested in return for equity in the fund. It partnered with Mizuho Bank Ltd. for the investment.

Taiwan’s 17 Media closes $23m funding from LeSports Innovation, partners

Live webcasting social platform 17 Media has closed an investment round of RMB150 million ($23 million) from LeSports Innovation Fund and its partners. The funds will be used to help expand the company’s reach in the greater China region, as well as widening its user-generated content dimensions. 17 Media was… Read more »

QIC buys 80% in North Australian Pastoral Company

Australia-based global diversified alternative investment firm QIC is set to acquire an 80 per cent interest in beef producer North Australian Pastoral Company (NAP).

Bitcoin has a governance problem, no matter who created it

As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency’s lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this. The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove… Read more »

The Week In Other News: Of obesity, Elon Musk, robots & Xi’s ambitions

In this column, we will take on subjects relative to our coverage and have strong opinions about each topic that comes our way. Do not take it too seriously, though. We know we don’t.