Private equity veterans launched a new technology to secure investor data collaboration called TopQ.
Fund of funds
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Former Co-op chief says executives have doubts over viability of Lloyds banking unit acquisition
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
Birmingham City squelches rumors of sale
While there was an offer made for the club, Birmingham City management said that there were 'no immediate plans' to sell.
Carlyle Group, AlpInvest Partners assume management of Indiana Future Fund, INext Program
Private equity firms Carlyle Group and AlpInvestment Partners assumed the management of two fund of funds in Indiana.
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JPMorgan Chase & Co and the Bill & Melinda Gates Foundation formed the Global Health Investment Fund to combat deadly diseases in developing countries.
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
An oversubscribed fourth Asia fund was closed by Lombard Investments with an amount of USD350 million.
AIG has sought to divest its ownership of ILFC through a sale or if there is none agreed on, through an IPO.
Wal-Mart, together with other North American companies, banded together to create the Alliance for Bangladesh Worker Safety.
Panda Power Funds provides financing for the construction of a new power plant from Moxie Energy. Dallas based private equity firm Panda Power Funds announced the completion of the acquisition of the planned 829 MW natural gas powered generating station for Moxie Energy.
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
The traditionally exclusive and sophisticated hedge fund investing market is now expected to be more open to the public through the partnership of Blackstone Group and Fidelity Investments, Reuters claimed.
Chicago-based RCP Advisors gained US$425 million additional funding for its Secondary Opportunity Fund II.
