World
Mubadala will co-invest in Fortress’ private credit, asset-based lending, and real estate strategies.
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Musk's xAI in talks to raise close to $20b from investors
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Kuwait Petroleum unit buys 25% stake in China's Wanhua Chemical Group
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India's Mahindra to buy 59% stake in SML Isuzu for $65m
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TikTok Shop said to be entering Japan soon
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Editor’s Take: The Week That Was—Apr 21-26
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Vietnam’s Masan to list its consumer unit by Q3, drops The Crown X listing
Startup funding in Greater China nearly halves in Q1
Will trade war put a pause on global GPs’ fundraising attempt in Asia?
Maya Bank’s first profitable quarter boosts faith in PH digital lenders
Current market dislocation presents long-term opportunity, says Sun Hung Kai & Co. exec
India
Trifecta Venture Debt Fund IV will focus on high-growth, early stage and beyond companies.
It has raised $232.8 million so far for the vehicle.
A clutch of domestic and offshore LPs have committed to the fund.
Kotak’s proposed fund will be open for subscription to both offshore and local investors.
BlackRock, one of the world’s biggest money manager, had $11.6 trillion in AUM as of December 31.
Rest of Asia
Choco Up plans to power asset-light businesses across APAC where it sees a $2t funding gap.
Greater China
ADM Capital is in the market for at least two funds with a combined target of $500m.
Singapore
“Venture equity lays the foundation, venture debt accelerates growth.”
The latest investments bring the fund’s total close to $150 million.
