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Higher fees and growth in its retirement-services business helped the boost earnings at Apollo Global Management by 6.4% in the third quarter of 2022, according to a report by Bloomberg.
The report cites a statement issued by the New York-based alternative asset manager on Wednesday as revealing that adjusted net income was $800.5 million, or $1.33 a share, in excess of the $1.23 average estimate of 14 analysts surveyed by Bloomberg.
Fee-related earnings grew 13.9% from a year earlier to a quarterly record of $364.6 million, driven by management revenue in its credit business as well as a rise in
An affiliate of global alternative investment firm HIG Capital has completed a growth investment in ThoughtFocus, Inc, a global provider of digital services and technology enabled digital operations focused primarily on the financial services end market.
Mozilla has launched a new venture capital fund which will focus on investments in companies developing ‘responsible technology’.
The fund will target early-stage (seed to series A) startups whose products or technologies advance one or more of the values in the Mozilla Manifesto, like privacy, inclusion, transparency, and human dignity. The fund will seek companies and founders who embody these values, and investors who are aligned with them.
To start, Mozilla will invest an initial $35 million in internet companies that protect privacy, decentralise digital power and build more trustworthy AI — and that also have big potential for
SDAX, a private markets investment and trading platform based in Singapore, has partnered with Ownera, provider of a global inter-trading network, to distribute digital securities over the Ownera open-source FinP2P protocol network.
SDAX works with companies and institutions to raise funds in a fast, secure and cost-effective way through blockchain technology, in the process making these private market investment opportunities accessible to investors via fractionalized ownership.
Licensed by the Monetary Authority of Singapore, SDAX focuses on institutional-grade real estate and environmental, social and governance (ESG)-related investments. SDAX is backed by strategic shareholders such as ESR (APAC’s largest real asset manager),
Motive Partners, a specialist private equity firm focused on building, backing and buying the financial technology companies, has appointed Bridget van Kralingen as Partner.
Edison Partners, a growth equity investment firm, has appointed Rush Baker as partner, head of investor relations, and Casey Myers as partner, head of Edison Edge value creation platform.
Baker will lead communications with existing and prospective limited partners. In sourcing new capital partners for the firm, he will leverage the firm’s strong foundation of superior performance, and bring it to new markets.
Before joining Edison, Baker was a partner at Snowbridge Advisors, a New York-based private fund placement platform specialising in private equity and debt fund advisory and capitalisation. He began his career in finance at Deutsche Bank where
Apex Group has closed its acquisition of Darwin Depositary Services, a Netherlands-based provider of depositary services to alternative investment funds including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.
Cinven is to acquire TaxAct for approximately $720 million with the company set to be combined with Cinven’s existing portfolio company Drake Software under a single holding company to create a full-service tax ecosystem provider.
Global software and technology investment firm Thoma Bravo has closed a strategic growth investment in SMA Technologies, a provider of automation solutions for the financial services industry.
Financial terms of the transaction, which sees existing investor ParkerGale Capital retain a minority position in the business, have not been disclosed.
SMA, which was founded by former NASA automation experts in 1980, will use the new funding to fuel growth.
SMA Technologies’ OpCon is a workload automation and orchestration platform for banks, credit unions, insurance companies and other financial services businesses.
Raymond James served as financial advisor and Kirkland & Ellis LLP
Domain Capital Group and its subsidiary Domain Capital Advisors have closed more than $700 million in equity commitments for an entertainment fund and co-investment vehicle focused on film, television and music, with an allocation for other related investment opportunities.
To date, the fund has deployed more than $170 million across the three media.
The fund follows the company’s successful deployment of an $830 million separate account launched in 2012, which focused primarily on film and television assets. DCA manages entertainment investments for corporate and public state pensions, insurance companies, university endowments, and multi-family offices, among others.
DCA’s media and entertainment
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