Turmeric Capital, an investment firm led by former L Catterton Asia head Ravi Thakran, has secured backing from Saudi Arabia for a $500m private equity fund, according to people familiar with the matter. Jada, which was given $1bn by Saudi Arabia’s wealth fund to seed...
Luxembourg-based private equity firm CVC Capital Partners is buying 68.35% of Affin Hwang Asset Management, Malaysia’s third largest asset manager, from the controlling shareholder and senior management of the Kuala Lumpur-based firm for a total $367.54m cash through...
Carlyle has announced that it expands its wealth management channel through a partnership with iCapital, a fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Allfunds, a B2B WealthTech platforms....
Nonantum Capital Partners has held the recent closing of its second private equity fund at its hard cap of $575m in limited partner capital commitments, concluding a fundraising process that launched in the fourth quarter of 2021. Nonantum will continue the strategy...
TPG Rise Climate, which is a fund within private equity firm TPG Inc. has bought a stake in Nextracker, the solar industry subsidiary of Flex. Its investment, which amounts to $500m, came at an implied enterprise value of $3bn. Flex sold the $500m stake for $170m more... 