China’s CITIC Private Equity (CPE) aims to raise $3 billion in a new dollar-denominated fund and has reached a first-close of $1.8 billion, a person with direct knowledge told Reuters on Friday. CPE is planning to complete the fundraising by year-end, said the...
Investment from current shareholders Centurium Capital and Joy Capital will help facilitate a debt restructuring and pay an SEC settlement, Luckin says. Luckin Coffee Inc. said it has secured a $260 million investment from two Chinese private-equity firms, funding...
Jonathan Ross left Google to launch next-generation semiconductor startup Groq in 2016. The California-based firm said that it had raised $300 million led by Tiger Global Management and billionaire investor Dan Sundheim’s D1 Capital as it officially launched into...
Ares Management Corporation is the latest investor looking to capitalize on growing distress in senior housing having raised $1.7 billion in commitments for its newest opportunity fund, beating its $1.5 billion target. Distressed senior housing is expected to play a...
Softbank Vision Fund is finalizing a new investment of $450 million in a popular food delivery application Swiggy. This has been decided after years of evaluation and analysis of the sector and industry. The reports say the new investment deal is likely to value... 