Hedge Fund Industry News

Related Alternative Investments Industry News

• September 2022: Nonantum Capital Partners, a middle-market private equity firm, today announced the acquisition of LJP Waste Solutions ("LJP") from Aperion Management. LJP is a leading regional provider of non-hazardous solid waste and recycling services specializing in zero landfill and waste-to-energy solutions.
• August 2022: Indian firm Trilegal acted as the sole advisor to global consumer internet group and technology investor Prosus Ventures and PayU India for the acquisition of IndiaIdeas.com Limited (BillDesk). It is the largest-ever acquisition in the digital payments space in India, and the deal is valued at USD 4.7 billion.

• March 2022, the China-based XPeng led an investment into a new fund of around USD 200 million. The fund is focused on backing up frontier technology startups and electric vehicle production. The fund is named as Rockets Capital and includes capital investors such as eGarden, IDG Capital, 5Y Capital, Sequioa China, and GGV Capital.
• December 2021, the India-based Razorpay Software Private Limited, raised USD 375 million in the largest funding round to date. The payment gateway company was valued at USD 7.5 billion. The funding round was led by Lone Pine Capital LLC, TCV, and Alkeon Capital Management. Existing investors of the company include Tiger Global Management, Y Combinator, Sequoia Capital, Ribbit Capital, and GIC. 

• March 2023: Gallagher acquired Brim, a specialty insurance and reinsurance broker that provides property/casualty insurance, credit and political risk, and affinity insurance products and services to its Scandinavian and international clients. Its credit and political risk practice provides financing support for major infrastructure projects, while its construction practice supports residential and commercial building development.
• September 2022: Trygg Hansa launched animal insurance. Pet insurance is a new product area under the Trygg-Hansa brand. The insurance company can now offer the entire family in the household, including the dog and cat, complete insurance coverage.

• March 2023: Gallagher acquired Brim, a specialty insurance and reinsurance broker that provides property/casualty insurance, credit and political risk, and affinity insurance products and services to its Scandinavian and international clients. Its credit and political risk practice provides financing support for major infrastructure projects, while its construction practice supports residential and commercial building development.
• September 2022: Trygg Hansa launched animal insurance. Pet insurance is a new product area under the Trygg-Hansa brand. The insurance company can now offer the entire family in the household, including the dog and cat, complete insurance coverage.

• November 2023: Stripe, a financial infrastructure platform for businesses expanded support for JCB, a leading card network in Japan and one of the top payment networks in the world. JCB is now available on Stripe in 39 countries and territories, making it easy for businesses in those markets to accept payments from 154 million JCB cardholders. 
• April 2022: Stripe, a platform for businesses' financial infrastructure, launched the Stripe Partner Ecosystem, a new partner program with top companies whose services help Stripe users do well in the internet economy.
• March 2022: The digital personal finance company SoFi Technologies, Inc. announced that it had finished buying Technisys S.à.r.l. ("Technisys"), a leading cloud-native, digital multi-product core banking platform. Technisys adds a unique, strategic technology and business to the SoFi family, bolstering SoFi in its pursuit to provide best-of-breed products as a one-stop-shop financial services platform and complementing and enhancing SoFi's Galileo business in SoFi's overall pursuit to build the AWS of fintech.

• Sep 2021: Neuberger Berman Group, an American asset manager, is the third foreign company to gain access to China's growing mutual fund market after the country's securities regulator granted its application to operate a wholly-owned mutual fund business on the Chinese mainland,
• April 2021: The SME Board was merged with SZSE's Main Board. The merger is an important measure adopted by SZSE to deepen the China'scapital market reform in all respects. It is of great significance for refining market functions, strengthening the foundation of the market, improving market activity and resilience, facilitating the market-oriented allocation of capital elements, and better serving national strategic development.

• February 2023: The German neobank N26, also active in Switzerland, was looking for an acquisition allowing its customers to trade stocks and index funds.
• January 2023: The German neobank Rukky announced it has filed for bankruptcy after less than three years in operation. The decision to file for insolvency came after Ruuky failed to secure fresh funding from either new or existing investors.

• August 2022: Tokio Marine & Nichido Fire Insurance Co. Ltd (TMNF) and JEPLAN Inc. announced that they formed a financial and commercial collaboration. In order to advance a circular economy, they seek to create new insurance services and products.
• August 2022: Tokio Marine & Nichido Fire Insurance Co. Ltd (President Shinichi Hirose) will start selling Earthquake Insurance "EQuick" Amazon Gift Card Edition* from August 2022. The insurance product provides a fixed payout based on seismic intensity and can be purchased utilizing Amazon.co.jp accounts.

• In June 2022, Oman Insurance Company announced completing the sale of its insurance operations in Turkey to VHV Reasürans, Istanbul/Turkey, a company of VHV Group, Hannover/Germany. The deal resembles Oman Insurance's transformation and simplification strategy with the objective of focusing the company's resources on specific markets and segments.
• In September 2023, Cigna Healthcare, the global health benefits provider of The Cigna Group which has its operations in Turkey as well announced the launch of a new, customized health benefits plan 'Cigna Healthcare Global Plan for Seniors' aimed at supporting the health and vitality of globally mobile people aged 60 and older.

• September 2022: Nonantum Capital Partners, a middle-market private equity firm, today announced the acquisition of LJP Waste Solutions ("LJP") from Aperion Management. LJP is a leading regional provider of non-hazardous solid waste and recycling services specializing in zero landfill and waste-to-energy solutions.
• August 2022: Indian firm Trilegal acted as the sole advisor to global consumer internet group and technology investor Prosus Ventures and PayU India for the acquisition of IndiaIdeas.com Limited (BillDesk). It is the largest-ever acquisition in the digital payments space in India, and the deal is valued at USD 4.7 billion.