Deals
Its price tumbled around 15% last week, the most since November 2022, when trading platform FTX imploded
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Bitcoin's star fades, as investors flock to lustre of AI, megacap IPOs
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China pushes fund managers to support innovation, warns against concept hype
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Partners Group to stick to private wealth strategy, says chairman
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OpenAI plans to turn ChatGPT into superapp ahead of listing
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Vietnam's first unicorn VNG sets strong profit target amid AI push
More Stories
Quadria-backed HealthQuad invests in patient monitoring platform LifeSigns
India Digest: Sindhuja Microcredit, Flo Mobility raise funding
Editor’s Take: The Week That Was—June 1-6
Beauty retailer Konvy bags $22m in Series B led by Cool Japan Fund
KKR-backed EQuest Education secures $115m syndicated loan
Private Equity
CSRC chief warns fund managers against blind sector bets and timing funds for quick gains
Private Wealth
The Swiss asset manager is limiting withdrawals from two of its evergreen funds after they exceeded the 5% quarterly limit.
The overhaul will give greater prominence and resources to OpenAI’s coding product Codex.
Analysis
In its first full-year profit target since listing, the group eyes up to $17m pre-tax profit in 2026.
India
Partners Group caused a flutter in the industry mid-week by capping withdrawals from one of its evergreen PE funds.
Vietnam
EQuest had secured $120m in 2023 in a combination of equity from KKR and debt from lenders.
World
This comes after Alphabet’s move to raise $84.75 billion in upsized equity offerings.
Greater China
CXMT’s planned listing has sparked a debate about its valuation.
The investment comprises a combination of primary and secondary transactions.
