Deals
The Cheng family has been in talks with a handful of financial institutions to sell an equity stake in New World.
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The new capital will support the firm’s global expansion, including into Japan and Europe.
Private Credit
Aggregate fair value-to-cost ratio fell 103 basis points to 98.55% at the end of March.
Private Equity
The Japanese company’s board and a special committee unanimously backed the offer.
Private Wealth
About 72% of those set to inherit assets in APAC are looking first to professionals for support.
The commitment expands an existing partnership between the two investment firms.
Analysis
SoftBank is also due to invest a further $30 billion in OpenAI over 2026.
The development comes as OpenAI and Microsoft renegotiated a contract last month.
OpenAI will also acquire an AI consulting firm Tomoro.
Plan includes a multibillion-dollar project to build AI infra in the European nation.
