Silver Lake Partners, the multi-billion dollar tech-focused investment firm, is adding a longterm hedge fund backed by Abu Dhabi’s sovereign wealth fund, Mubadala, to its array of investment vehicles to finance technology companies. The move into multi-strategy investing represents the diversification of financing vehicles that companies have at their disposal and gives the private equity…
Greenlight Financial Technology, the fintech company that pitches parents on kid-friendly bank accounts, has raised $215 million in a new round of funding. The round gives the Atlanta-based startup a $1.2 billion valuation thanks to backing from Canapi Ventures, TTV Capital, BOND, DST Global, Goodwater Capital and Fin VC. It’s a huge win for the…
David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 million it invested across 14 years in the cloud-based business-to-business payments company Bill.com, starting with…
The chief investment officer of CalSTRS is planning to sell stocks for the remainder of 2020. Institutional investors are worried about the disconnect between the ‘V-shaped’ stock market and the ‘W-shaped’ economic recovery. Equity markets are coming off their best quarter in decades, though gains slowed substantially in June. One of America’s largest pension funds…
The U.S. stock market continues to climb despite record-high levels of cash hoarding among institutions. Bank of America reveals hedge funds holdings an eye-popping $591 billion as investors focus on low-risk bonds and cash. When the floodgates open, it may trigger a renewed bull market entering the second half of 2020. The U.S. stock market…
Billionaire Mukesh Ambani’s Reliance Jio Platforms has agreed to sell 2.32% stake to U.S. equity firm KKR in what is the fifth major deal the top Indian telecom operator has secured in just as many weeks. On Friday, KKR announced it will invest $1.5 billion in the top Indian telecom operator, a subsidiary of India’s…
Taiwan Semiconductor Manufacturing Co., the world’s largest contract semiconductor foundry, said today that it plans to build an advanced chip foundry in Arizona with support from the state and the United States federal government. The announcement follows a Wall Street Journal report earlier this week that White House officials were in talks with TSMC and…
Investors added more than $20 billion to Disney’s market cap on news that its streaming service surpassed 50 million subscribers. That’s not nearly enough to offset the revenue losses its parks segment will suffer as a result of coronavirus. It’s unclear whether the bulk of those subscribers will quit once lockdowns have lifted. This week…
The World Health Organisation (WHO) announced Thursday it is ready to launch an appeal for more than $US1 billion to underwrite operations against the Chinese coronavirus pandemic. WHO Director-General Tedros Adhanom Ghebreyesus believes the pandemic needs a whole-of government and society response, and to that end is seeking a new funding lifeline outside its existing…
A new study from the International Labor Organization reveals the staggering rate of global unemployment. Over 2.7 billion workers are currently unable to work due to the coronavirus crisis. Projected workforce losses are expected to far exceed the 2008-09 financial crisis. According to a new study from the UN’s International Labor Organization (ILO), 2.7 billion…
