KKR and Blackstone started open ended mutual funds to attract individual investors. Kohlberg Kravis Roberts had introduced to individual investors an open-end mutual fund and now, one of the United States' biggest private equity firm, Blackstone is doing it too.
Venture Capital
Huddle partners with Softcat
Privately held company Huddle enters into partnership with Softcat as it expands its service delivery across United Kingdom.
SEBI to work closely with PEs in addressing concerns
The SEBI will work closely with the PE and venture capital industry in addressing concerns. The Securities and Exchange Board of India (SEBI) planned to work closely with the private equity and venture capital firms in addressing concerns of the industry.
Big Data company Ayasdi hits US$30.6 million in venture capital
Ayasdi reported that it has raised US$30.6 million in venture capital funding from Citigroup and GE Capital
Sauce Labs announces successful US$5 million funding and product enhancements
Sauce Labs reported that it had successfully raise US$5 million in funding and has started product enhancements.
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Ping Identity Corp stated that it raised around US$44 million from private equity and venture capital investors.
FishHawk Partners raised US$30 million and is to be invested heavily in manufacturing sector. FishHawk Partners LP, a new Houston-based private equity company, had accumulated up to US$30 million from investors.
Chevron announced the signing of an investment agreement with Argentina's YPF. Chevron announced that they have signed an agreement with Argentina's YPF (Yacimientos Petrolíferos Fiscales).
The Renault-Nissan alliance will be investing US $2.5 million in India within the next four years. Car makers Renault and Nissan Motor Co. will be jointly investing the amount of US $2.
Piedmont was asked to pay Dexia Crediop SpA and Intesa Sanpaolo SpA US$47 million due to interest-rate swap agreement.
Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.
Zecotek Photonics Inc.'s subsidiary, Zecotek Imaging Systems Pte. Ltd., signed a joint collaboration partnership agreement with Japan's Hamamatsu Photonics.
Assicurazioni Generali SpA agreed to sell private equity fund stake to Lexington Partners. Assicurazioni Generali SpA announced that they have agreed to sell private equity fund stakes to Lexington Partners, Inc.
Venture capital reached US$1.3 billion in New York. Venture capital fundraising in New York reached US$1 billion. This figure was for the first half of the year.
