By Ishita Russell
TR Capital has relocated several team members to the Mumbai office and will continue hiring locally.
The company is working on deals in Saudi Arabia, the United Arab Emirates and Egypt.
Munchy was 70 per cent owned by its founders while fund investor TAP Crunch Sdn Bhd with pension fund KWAP held the remaining 30 per cent stake.
Astrea IV Pte’s $90.5-million Class A-1 bond offering for retail investors received about $665.6 million in valid applications. These are the first retail bonds backed by cash flow from private equity investments.
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.
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.
The investment was routed through Paragon Partners Growth Fund-I that has a corpus of $120 million.
CVC is said to have invested about $150 million in GarudaFood ahead of a planned IPO.
CalPERS has also approved a commitment of €300 million ($353 million) to Carlyle Europe Partners V.
The latest round, which was led by Menlo Ventures and joined by CDPQ, brings total funding raised by Breather to nearly $120 million.