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Month: November 2020

Carousel Capital spins up new $700m fund in just a couple of months of fundraising

Carousel Capital has raced to a $700m hard cap close for its biggest fund by some margin, taking just a couple of months to wrap up the fundraise.

3i Group first-half profit up after portfolio companies defy pandemic hit

The investment manager’s total return for the period rose 49% to £1.14bn

‘The US is back’: hopes of Biden multilateral boost grow

A Joe Biden White House offers an opportunity for international and regional multilateral financial institutions to lobby for extra financing to deliver essential assistance to countries hit by Covid-19, according to experts.

VC houses help stock ownership app Bumped to $14.4m Series A round

Bumped, which aims to transform everyday spending of consumers into stock ownership, has netted $14.4m in its Series A.

Truebill celebrates $100m savings milestone with VC-led Series C round

Truebill, which aims to simplify the tracking and management of subscriptions and bills, has closed a $17m Series C round after celebrating the milestone of saving customers a total of $100m.

AMB :- Hedge fund performance declines in October for the second month in a row

Laxman Pai, Opalesque Asia: Hedge funds continued to face a difficult market environment in October as for a second consecutive month the majority of funds saw performance declines, said a report by eVestment. According ...Article

AMB :- Midmarket private-equity valuations regain ground in Q3

Laxman Pai, Opalesque Asia: Valuations of privately-held midmarket companies rebounded as the global economy reopened, said a study. According to the Lincoln Middle Market Index tracks more than 2,200 private companies ...Article Link

Lagarde implies yield compression is official ECB policy

One of the European Central Bank's outright aims is to suppress government bond yields, ECB president Christine Lagarde hinted in a keynote speech on Wednesday.

Italy preps dollar return as SSAs hit post-US election market

Italy held a series of investor calls on Thursday in preparation for its return to the dollar bond market. Italy returned to the currency last year after almost a decade away, and announced that it

People and markets news in brief: November 12, 2020

StanChart's Sameer Chandra has died — ICBC Asia syndicate boss leaves — RHB names two senior posts — UBS chooses India head — StanChart's Robins retires — HKMA, IFC team up for green finance

Savvy Asian issuers drive LM to the mainstream

Chinese property borrowers are increasingly taking a strategic approach to managing their liabilities by tendering old notes when new bonds are announced. The trend has taken off this year, and is set to be the

BoCom debuts new AT1 format in dollar market

Bank of Communications Co raised $2.8bn from a Basel III-compliant additional tier one (AT1) capital bond on Wednesday, introducing a new perpetual bond format for Chinese banks.

Debut, infrequent borrowers struggle to hit loan targets despite buoyant liquidity

A handful of borrowers have been forced to close smaller loans than expected recently amid waning interest from lenders. While bankers insist there is still plenty of liquidity, debut credits and infrequent borrowers are feeling

Chinese chip maker’s bonds plummet amid funding fears

Renewed concerns over Chinese chipmaker Tsinghua Unigroup Co’s debt repayment abilities led to sharp drops in its onshore and offshore bonds this week. Addison Gong reports.

SG builds strong books for ‘compelling’ AT1

Société Générale was set to launch a popular additional tier one deal in the dollar market on Thursday, as investors spied an opportunity to gain a little pick-up over other French bank credits.

India’s Gland Pharma scores record listing

Gland Pharma has completed India’s largest pharmaceutical IPO, a Rp65bn ($870.6m) deal that sailed through on demand from institutional accounts. But the issuer’s Chinese ties and a wobble in pharma stocks blunted retail investor interest.

No sweat: banks exit long-held PureGym bridge in perfect market window

Market euphoria following news of Pfizer’s potential Covid vaccine created a perfect window for lead banks Barclays and Jefferies to sell out of a bridge loan for UK fitness chain PureGym, which they had held

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