Saturday, 25 April 2015
Last updated 1 day ago
Feb 25 2014 | 11:34am ET
Private-equity firm CVC Capital Partners has garnered US$3 billion for its latest fund, which will focus on Asia.
The London-based firm expects to finish fundraising for the vehicle, its fourth Asian fund, in the first half of this year, The Wall Street Journal reports. CVC expects to net a total of US$3.5 billion for the fund.
The firm began raising the new fund last year, five years after attracting US$4.1 billion for its last Asia fund. Fundraising efforts do not appear to have been hampered by CVC's high-profile loss of US$1.4 billion on Australian media company Nine Entertainment last year, leading it to quit Australia and India to focus on Southeast Asia and greater China.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…