New York, US-based institutional investor ff Venture Capital (ffVC) closed a total of $52 million for two funds, ff Rose and ff Rose Innovate, with the latter to focus on investments in New York.

SuVolta Inc, a semiconductor company based in Silicon Valley, has nabbed funding amounting to $10.6 million from Fujitsu Semiconductor Limited, Kleiner Perkins Caufield & Byers, August Capital, New Enterprise Associates, Northgate Capital and DAG Ventures.

Russia-based holding company AFK Sistema is considering buying a stake in Latvia-based telecommunications operator Lattelecom SIA to facilitate its expansion outside of Russia, but no decision has been made yet.

Train manufacturer China CNR Corp has chosen China International Capital Corp, Macquarie Group Ltd and UBS AG for its share offering in Hong Kong, according to sources interviewed by Bloomberg.

Emerging markets fund manager Mark Mobius is still betting heavily on Thailand, despite his Asia fund's largest decline in more than a decade, according to reports.

Investors pulled out money from hedge funds at the fastest rate for more than four years in December, following a year in which many managers' performance disappointed, new data showed on Monday.

The Government Accountability Office said the spinoff of SAIC Inc invalidated the health services contract awarded to it by the National Aeronautics Space Administration, Bloomberg reported.

Institutional investors contributed $216.56 billion to US private equity funds last year, a sign of their renewed confidence in the asset class, a report from Private Equity Beat of The Wall Street Journal Blogs said.

Singapore-based lender Oversea-Chinese Banking Corp (OCBC) will spend around CNY1.8 billion ($298 million) to increase its stake in China-based firm Bank of Ningbo Co from 15.34% to 20%.

Centerview Partners is set to split fees reaching $90 million with two other banks involved in the transaction between Beam Inc and Suntory Holdings Ltd, Bloomberg reported.