US pension commits $130m to latest APAC funds by KKR, Hillhouse Capital
KKR had by October last year raised around $13 billion for its fourth Asia-focused buyout fund.
Tiktok owner ByteDance says India’s freeze on bank accounts is harassment
ByteDance India’s employees have not been paid their March salaries due to the account freeze.
Chinese tech giant Tencent’s Timi gaming studio generated $10b in 2020
Timi’s proceeds accounted for 40% of the game revenue.
IIT Madras raises $95.8m from industry, alumni as endowment fund
An endowment fund is a new phenomenon in the Indian higher education space.
Editor’s take: The week that was – March 29 – April 2
Here’s a quick recap of the important developments that unfolded last week.
India: Tatva Chintan Chem seeks to raise $61.6m via IPO
ICICI Securities and JM Financial are the book lead managers to the issue.
Singapore’s oil trading firm Hin Leong’s owners face asset claims
Liquidators and creditors are hunting for assets from Singapore to Australia belonging to the Lim family.
BTS manager HYBE buys music exec Scooter Braun’s Ithaca for $1.05b
The merger brings together BTS, Justin Bieber, Ariana Grande under one roof for management.