Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.
Finance/Venture
Carlyle Considering Exits for Two Middle Eastern Investments, Planning Acquisition for Saudi Food Business
Carlyle is planning the acquisition of a regional franchise as a tuck-in, or bolt-on acquisition for its Alamar food business in Saudi Arabia, which it bought a 43 percent stake in in December, and it is currently in the due diligence phase.
Public Pension Funds Accurately Reporting Shortfalls Despite $300 Billion Discrepancy
Although a new study by one of the world's largest actuarial firms, Milliman, found the 100 largest pension funds are underreporting their unfunded liabilities by about $300 billion, a spokeswoman for the firm said the amount was "insignificant." Large public funds remain skeptical of private equity.
Online Pawn Shop borro Secures $26 Million in New Funding Round
The online, privately held lending company borro just received $26 million in new funding to expand its U.K. and U.S. operations. borro offers loans ranging from $1,000 to $1 million dollars secured against personal assets such as jewelry, fine art, classic cars or even wine collections. It just received $26
Venture Capital-Backed Companies with Women Execs More Likely to Succeed
A recently released study by Dow Jones finds that venture capital-backed companies with female executives are more successful than those with only men in senior executive roles.
Latest News
The U.S.-based Carlyle Group sold all of its remaining shares in India's HDFC for $831 million on Thursday night, making it the country's fourth larges equity deal for the year, Reuters repored.
In contrast to China's Official National Bureau of Statistics report, the HSBC Purchasing Managers' Index for September showed the country's services sector recovering, Reuters reported today.
Reuters) - A polarized Washington that cannot find a way around the looming "fiscal cliff" is compounding economic uncertainty, freezing business investment and threatening growth, the IMF's No. 2 official and its top-ranking American said on Monday.
As Europe’s sovereign debt crisis continues and banks grow increasingly selective about making loans for deals involving private equity, European private equity firms are being forced to look elsewhere for the financing they need to complete acquisitions, based on Friday's NYT DealBook article.
Reuters reports the merger and acquisition deals of the day. (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: Two former top aides to Canadian Prime Minister Stephen Harper said on Thursday he should approve a $15.
The Carlyle Group continues to diversify; announcing yesterday that it would buy a majority stake in New York-based Vermillion Asset Management which will reportedly become its exclusive commodities trading platform.
The Financial Times reported last week that Centerbridge Credit Partners is returning $500 million to investors in its hedge fund and said depressed interest rates caused by the Fed's "easy money" policies are partly to blame.
A new joint venture, Redpoint e.Ventures, announced over the summer that it had raised $130 million to invest in early stage Internet start-ups in Brazil. It is the first such fund in Brazil originating from Silicon Valley and according to the company's founders the largest early stage venture capital fund there.
A quick rundown of the differences between venture capital and private equity. Not sure about the difference between venture capital and private equity? You're not alone.
