SINGAPORE > US based MassMutual is set to establish a $50 million Singapore based fund for investments in South-East Asia

Massmutual logo The venture capital arm of the Massachusetts Mutual Life Insurance Company (MassMutual), MASSMUTUAL Ventures (MMV), is set to establish a $50 million dollar fund for investments in South-east Asia. MASSMUTAL Ventures is targeting 10 to 15 Series A and Series B round investments in digital health, fintech, insurtech and enterprise software for the next three years. MassMutual will work with More …

LATIN AMERICA> US based Inter-American Development Bank and South Korea based NH Investment Securities establish a co-financing fund for Latin America and the Caribbean for up to $300 million

idb invest logo IDB Invest which is the private sector institution of Inter- American Development bank and NH Investment & Securities signed a Memorandum of Cooperation (MOC) to establish a co-financing fund for the private sector in Latin America and the Caribbean for up to $300 million. The agreement was signed by Gema Sacristán, IDB Invest chief investment officer, and Young-chae Jeong, NH Investment More …

SINGAPORE > Thailand based Kasikornbank is set to invest $50 million in Singapore based ride hailing company Grab

Kasikornbank logo Thailand based Kasikornbank is set to invest $50 million in Singapore based Grab. This makes Kasikornbank the largest investor in the Singapore technology startup’s ongoing fundraiser. Additionally, with the new investment Grab will also be able to launch its in- app GrabPay electronic wallet in Thailand. Launching in Thailand will be Grab’s sixth Southeast Asian market. Grab’s main competitors in More …

SINGAPORE > Malaysia based Masmeyer Holdings, and Malaysia-listed Asia File Corp are set to invest in Singapore based Innopac Holdings

Innopac logo Innopac Holding plans S$8.4 million ($6.08 million) stock placement that will result in a change of control, as well as a related disposal of five subsidiaries and an S$2.5 million ($1.81 million) secured loan facility. The company further declared that it will place 8.4 billion new shares at 0.1 Singapore cent a piece to 11 individual investors and the new More …

UK > FirethornTrust, a property investment firm owned by US based billionaires the Stephens and the Van Tuyls, is set to invest in London property

Firethorn trust FirethornTrust which is a property investment firm that is run in tandem by two billionaire families, the Stephens and the Van Tuyls, is set to invest in properties in London. According to Peter Maher, one of the firm’s founders told Bloomberg the following: “Brexit in its current status causes uncertainty. The uncertainty causes volatility and the volatility causes opportunity.” The More …

GREECE > The European Bank for Reconstruction and Development, APS Delta, Balbec Capital and the IFC will jointly invest 50 million euros ($57 million) in a portfolio of unsecured sour loans originated by Greece’s Piraeus Bank

EBRD logo According to European Bank for Reconstruction and Development (EBRD), EBRD, APS Delta, Balbec Capital and IFC will jointly invest $57 million in portfolio of unsecured sour loans originated by Greece’s Piraeus Bank Greece banks are struggling with highest ratio of non- performing exposures (NPEs) in Europe because of the seven year debt crisis. Piraeus Bank which is also Greece’s largest More …

KENYA > Japan based Isuzu is set to open a service center in Nairobi, Kenya investing $654,330 (Sh100.7 million)

Isuzu Japan based Isuzu is set to open a service center in Nairobi, Kenya investing $654,330 (Sh100.7 million). This newly refurbished center in Nairobi is expected to cut down on shipment orders for vehicle parts from Dubai. Nairobi expansion is expected to provide services faster for consumers and will provide 21,000 different parts for their vehicles. According to Isuzu East Africa More …

COLUMBIA > Chile based oil and gas explorer GeoPark is set to invest majority of $220 to $240 million in Columbia and Peru in 2019

Geopark According to Kallanish Energy reports, Chile based GeoPark is set to invest $220 to $240 million in various Latin American countries including Columbia, Peru, Argentina, Brazil and Chile. GeoPark is basing on a Brent crude price of $70 a barrel but is flexible to both increase and decrease. Expecting to fund by cash flow, GeoPark can increase Capex to $240-270 More …