Posts by Stephanie Irvin
Temasek-backed ABC Impact finishes final close of second fund with more than US$600 million
[SINGAPORE] Asia-focused private equity firm ABC Impact completed the final closing of its second fund, which is backed by Temasek, at more than US$600 million or around double the size of its first fund. The ABC Impact Fund II received support from investors including Temasek Trust, the Asian Development Bank (ADB), Mapletree Investments, SeaTown Holdings,…
Read MoreUpgrading Paragon as part of a listed Reit
[SINGAPORE] As the local bourse waits for potential new real estate investment trust (Reit) listings to materialise, Paragon Reit, which went public in July 2013, might be delisted soon. The fate of Times Properties’ proposed privatisation of Paragon Reit via a trust scheme of arrangement lies solely with minority investors who meet in an extraordinary…
Read MoreBank of Japan’s Ueda warns of heightened uncertainty from US tariff policy
[TOKYO] ) Bank of Japan Governor Kazuo Ueda said on Monday global and domestic economic uncertainty has increased sharply due to US tariff policy. “US tariffs will likely put downward pressure on global and Japanese economies through various channels,” Ueda told parliament. “The BOJ will guide monetary policy appropriately from the standpoint of sustainably achieving…
Read MoreBuyout firms get creative on Gulf trips in bid for bigger checks
[ABU DHABI] The giants of private equity have spent years trying to cozy up to Middle Eastern wealth funds to secure massive checks. US President Donald Trump’s burgeoning trade war just made those efforts even more critical – and asset managers have been forced to get creative. Carlyle Group, for instance, is sending more than…
Read MoreOlam Group to finance business reorganisation with proceeds from sale of remaining Olam Agri stake
[SINGAPORE] Agribusiness giant Olam Group announced plans to finance the reorganisation of its business using divestment proceeds from two sources of funds. One will be sale proceeds from the divestment of assets and businesses in the remaining Olam Group, the company said in a Monday (Apr 14) update, where it provided more details on its…
Read MoreOlam to divest remaining Olam Group assets to fund business reorganisation
[SINGAPORE] Olam Group will divest and monetise all assets and businesses under its remaining Olam Group operating unit over time as part of its business reorganisation plan, it said on Monday (Apr 14). The move is part of its business reorganisation plan and will take place depending on market conditions, and regulatory and shareholder approval,…
Read MoreWise aims for faster, cheaper transactions amid Asia-Pacific expansion
[SINGAPORE] Wise has always focused on building payment infrastructure that makes international transactions cheaper and faster. And co-founder and chief executive officer Kristo Kaarmann believes the fintech company is now winning over more banks as new clients as its technological expertise to enhance cross-border payments has been recognised as a complement to existing banking services.…
Read MoreQueasy investors are calling Trump’s tariff bluff, and it looks like he will eventually fold
[SINGAPORE] As US Treasury bond yields surged last week, forcing US President Donald Trump to pause the crippling “reciprocal” tariffs that had just come into effect, I wondered why on earth he was trying to reset US trade policy in such a callous and destructive manner. It occurred to me that his goal might not…
Read MoreMAS’ private-market proposal for retail investors may boost appeal of semi-liquid funds
[SINGAPORE] The Monetary Authority of Singapore’s (MAS) proposal to let retail investors access private markets could see such investors favour semi-liquid funds that offer periodic redemption opportunities, said experts. These funds are open-ended and provide ongoing access, where investors can stay invested for as long as they choose. These funds are therefore also known as…
Read MoreTrust Checklist: Don’t Miss These Critical Steps
Creating a trust can feel overwhelming, but it doesn’t have to be. With the right steps and information, you can set up a trust that meets your needs and protects your assets. This checklist will help guide you through the process of trust formation, ensuring you don’t overlook any important details. Key Takeaways Understand what…
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