Global private equity and venture capital news and research

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24 April 2012

Bulk of technology sectors see drop in US venture investment $

The US software industry received the highest level of venture funding for any industries with $1.6bn invested during the first quarter of 2012, though this was still a stark drop from the previous period.

24 April 2012

General Catalyst invests in mass data harnessing company Locu

General Catalyst Partners has led a $4m financing round in data-focused startup Locu, which was launched from the lab run by the man credited with creating the world-wide-web.

24 April 2012

Citigroup poaches Abraaj sub-Saharan Africa exec for Pakistan CEO role

Abraaj Capital, the Middle East’s largest private equity firm, has lost its sub-Saharan Africa chief to Citigroup, it is understood.

24 April 2012

Former CalPERS chief exec accused of conning Apollo Global out of $20m

law-court5_lrg The former head of the largest pension fund in the US has been accused of defrauding private equity investor Apollo Global Management of $20m.

24 April 2012

CIC receives $50bn top-up from Chinese government

China Investment Corp, the country’s $410bn sovereign wealth fund, has been handed a further $50bn by the Chinese government, senior officials at a Beijing-based biannual forum for sovereign wealth funds and pension funds revealed late last week.

24 April 2012

HarbourVest hires ex-JP Morgan exec Sally Shan to run new Beijing office

china-flag-chinese Global buyout house HarbourVest Partners plans to capitalise on the continued economic boom in China by setting up shop in Beijing.

24 April 2012

GIP clinches £800m Edinburgh Airport buyout

Global Infrastructure Partners, a joint venture between General Electric and Credit Suisse that owns the UK’s Gatwick and City airports, has reached a deal with BAA Airports to buy Edinburgh Airport for £807.2m.

23 April 2012

Japanese pension funds to increase PE exposure despite AIJ scandal

Japanese pension funds are planning to increase their exposure to alternative assets despite the recent AIJ Investment Advisors scandal, in which the Tokyo-based asset manager allegedly lost more than $1bn of investors’ money.

23 April 2012

India could halve capital gains tax for PE investors

india-bangalore_sq India’s finance ministry is aiming to halve the long-term capital gains tax it charges private equity firms for unlisted or off-market security trades to ten per cent.

23 April 2012

First Reserve-backed Midstates Petroleum raises $312m through IPO

First Reserve, the energy-focused private equity firm, has raised just $312m from exploration and production company Midstates Petroleum’s rather modest debut on the New York Stock Exchange.

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