Bitcasa Inc., a cloud storage company based in California, raised USD11 million in its venture round funding. Bitcasa has raised USD19.5 million since it's launch in September 2011.
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KKR subscribes to structured credit deal with Sanmar Group
KKR provides INR250 crore on top of the previous INR400 crore already given by the buyout firm for the payment of promoter's debts and expansion of business of Sanmar Group.
Neuberger Berman surpasses target for private equity secondary fund
Neuberger Berman was able to surpass its original target of USD 1.6 billion for its third private equity secondary fund when it raised USD 2 billion.
AssuredPartners buys Lee F. Murphy Inc for undisclosed amount
AssuredPartners, a portfolio firm of private equity firm GTCR, bought insurance firm Lee F. Murphy Inc. The deal was made through AssuredPartners of Minnesota but no financial terms were disclosed.
Bill Miller buys JC Penney debt for new high income fund
Legg Mason Opportunity Trust Manager Bill Miller said he bought JC Penney debt for a new fund. Miller holds the record of beating the US benchmark for 15 years.
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Private equity firm Hopu Investment Management Co. raised a new fund with USD 1.1 billion under management. Hopy re-entered the investment business after a two-year lull.
Sydney, Australia-based DesignCrowd claimed that its crowdsourcing marketplace was more fair and transparent to freeland designers, and intended to expand its business in the US.
The USD25 million funding Jessica Alba's The Honest Company had raised would go towards implementing its growth plans, including a potential expansion in the Canadian market.
A recent survey conducted by Hong Kong company ChinaQFII indicated foreign investor preference in industries that would mostly deliver a return of equity with minimal risk.
Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.
Limitations on funding had prevented technology startups in Africa to grow, according to a Reuters report.
A 68-megawatt portfolio of biomass power plants located in New South Wales, Australia was acquired by Asset manager, Capital Dynamics.
The Nikkei said the registration of Third Point LLC ownership in Sony was strategic as hedge fund manager Daniel Loeb intended to pursue management changes and shareholder resolutions in the electronics company.
Andreesen Horowitz, the venture-capital firm Marc Andreesen, sold 2.28 million of its Facebook shares.
