Compared to the first quarter, 21 IPOs were backed by venture capitalists amounting to US$717 billion.

Private equity insurance deals stalled by authorities' probe. The sale of private equity insurance encountered a road block as regulators decided to review these transactions.

The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: - Chinese state oil firm CNPC will buy a stake in Kazakhstan's giant Kashagan oil project, through back-to-back deals with Kazmunaigaz through which ConocoPhillips will exit, the Kazakh state oil firm said on Monday.

Morgan Stanley had raised US$770 million fund to participate in the secondary market investments. (Photo : REUTERS)Morgan Stanley will shift the way advisers in its wealth management business are paid next year, cutting bonuses tied to the amount of revenue they bring in and rewarding them instead for growing assets and loans.

United States' manufacturing activity improved while construction costs hit a four-year high on third quarter's kick off.

Confie Seguros bought two insurance firms located in New York. (Photo : Reuters)This image shows a view of New York City ABRY Partners' portfolio company Confie Seguros announced on Monday that it purchased two insurance companies.

Lockheed Martin launched an international arm that will be led by Patrick Dewar, corporate strategy and firm development executive.

Citi Group would pay Fannie Mae US$968 million for potential mortgage repurchase claims incurred between 2000-2002.

Japan's Seibu Holding has caught the attention of US based private equity firm TPG. (Photo : Reuters)Seibu Holdings Japan's Seibu Holding has captured the interest of TPG, a US based private equity firm.

Banks, Markit, and ISDA were charged with cutting off two credit derivatives transactions by the EU.