Bitcoin tumbles to lowest since February as meltdown further accelerates


The price of the digital coin fell as much as 4.6 percent Tuesday to $6,450.01.

Blackstone raises over $9b for Asia-focused real estate, PE funds

Blackstone has raised $7.1 billion for its second Asia real estate fund and another $2.3 billion for its first Asia PE fund. 

Blackstone in agreement to acquire Australia’s Investa for $2.3b

Blackstone’s move is a bet on the future of commercial property across Australia’s east coast, where analysts expect strong demand to support yields even if interest rates rise from their current historic lows.

Dubai’s Abraaj said to plan filing for provisional liquidation

The Dubai-based investment firm plans to file before June 29 when a court hearing of a petition to liquidate Abraaj Holdings by Kuwait’s Public Institution for Social Security is scheduled.

CalPERS commits $300m to TPG’s latest Asia buyout fund

CalPERS has also approved a commitment of €300 million ($353 million) to Carlyle Europe Partners V.

UBS targets Asia’s ultra-rich to grow family office operations

Asia is now home to 27% of the world’s 500 richest people, second only to North America.

TPG seeks to raise $1.5b to bet on tech firms staying private

The fund will focus on technology, media and telecommunications companies.

Blackstone, Temasek-backed Mapletree vie for Samsung building in Seoul

The building is expected to be sold for around W787 billion ($730 million) because of its prime location. The bidding price is expected to go up with the participation of foreign investors.

Airtel’s Kenyan unit abandons plan to merge with Telkom

Airtel and Telkom Kenya were planning to merge to create a stronger challenger to Safaricom.

SoftBank Vision Fund leads $250m round in US enterprise software firm Cohesity

With its second-ever investment in an enterprise software company, the massive fund is seen to broaden its portfolio beyond consumer tech firms such as Uber and DoorDash.