‘Private equity is now king’ for the ultra-rich, says Tiger 21, an exclusive club of investors
Tiger 21 members, who manage around $150 billion in assets, have increased their allocation to private equity threefold, founder Sonnenfeldt
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Venture capital
A top European software investor raises $700 million — defying the venture capital slump
Dawn Capital, one of Europe's biggest backers of business-to-business software companies, raised $700 million in two new funds. Source link
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Wall Street’s ‘meh’ response to tech IPOs shows Silicon Valley’s valuation problem
Investors are unenthusiastic about the IPOs from Arm, Instacart and Klaviyo, even after a 21-month drought in tech offerings Source
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China VC deals plunge, on track for worst pace in more than seven years
Slowing growth and geopolitical tensions are stifling the Chinese startup world that once spawned unicorns such as ByteDance and Didi,
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JPMorgan Chase to offer online payroll services as it steps up fight with Square, PayPal
JPMorgan is fighting for the loyalty of American customers as fintech players like PayPal and Square morph into do-everything providers.
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UK launches £1 billion fintech fund to compete with Silicon Valley
A new U.K. investment fund with up to £1 billion ($1.27 billion) in raised capital has been launched to back
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A.I. startup founder charged with defrauding investors, manipulating documents
Michael Brackett defrauded an investor and manipulated financials to raise money for his artificial intelligence startup, Manhattan prosecutors alleged. Source
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Goldman Sachs-backed digital bank Starling to expand in hotly competitive Asia-Pacific market
Starling, which is backed by Goldman Sachs, is in talks with an Asian bank about launching its Engine banking-as-a-service platform
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Occidental and Climeworks big winners as Biden allocates billions for CO2 removal
The U.S. Department of Energy is investing $1.2 billion in giant vacuums that suck carbon out of the air–an effort
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