German court rejects challenge to 750b euro EU recovery fund

       

Flags of the European Union flutter in front of the headquarters of the European Central Bank (ECB) in Frankfurt am Main, Germany, on March 10, 2021. (ARMANDO BABANI / AFP) BERLIN – Germany's constitutional court on Tuesday threw out a legal challenge to the European Union's 750-billion-euro ($786 billion) recovery fund, which saw the EU take on joint debt to help member states overcome the …

NEC Orchestrating Future Fund, an Ecosystem-type CVC Fund, Completes Final Close for US$140 Million

       

TOKYO, Nov 30, 2022 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) has completed the final close of the “NEC Orchestrating Future Fund”(1), an ecosystem-type corporate venture capital (CVC) fund established in December 2021 for US$140 million (approximately 20 billion yen). This CVC fund was made possible through investments from NTT FINANCE CORPORATION, Mitsui Sumitomo Insurance Company, Limited, Sumitomo Mitsui Trust Bank, Limited, …

COP27 deal delivers landmark on ‘loss and damage’, but little else

       

The flags of United Nations member states (left to right) Lithuania, Liechtenstein, Libya, Liberia, Lesotho, Lebanon, Latvia, Laos, Kyrgyzstan, Kuwait, Kiribati, Kenya, Kazakhstan, Jordan, Japan, Jamaica, Italy, Israel, Ireland, Iraq, Iran, Indonesia, India, and others fly in alphabetical order during the COP27 climate conference at the Sharm el-Sheikh International Convention Centre, in Egypt's Red Sea resort city of the same name, on Nov 14, 2022. …

COP27 draft deal keeps 1.5C limit, but many issues unresolved

       

Participants arrive at the Sharm el-Sheikh International Convention Centre, during the COP27 climate conference in Egypt's Red Sea resort city of the same name, on Nov17, 2022. (MOHAMMED ABED / AFP) SHARM EL-SHEIKH, Egypt – The first draft of a deal being hashed out at the COP27 climate summit in Egypt would keep a target of limiting global warming to 1.5 degrees Celsius, but leaves …

UN sidelines: World leaders pledge billions to fight AIDS, TB, malaria

       

(From left) Bill Gates, Prime Minister of Japan Fumio Kishida, French President Emmanuel Macron, European Commission President Ursula von der Leyen, President Joe Biden, Connie Mudenda (RED) ambassador, South Korean President Yoon Suk Yeol, Canadian Prime Minister Justin Trudeau, German Chancellor Olaf Scholz and Global Fund Executive Director Peter Sands pose for a photo during the Global Fund's Seventh Replenishment Conference on Sept 21, 2022, …

Leading VC Firm, Black3Lab Capital Announces Investment in Ripe Web 3.0 Sectors

       

New York, NY, September 02, 2022 – (SEAPRWire) – Black3Lab Capital, a venture capital firm built to empower web 3.0 companies with potential for global mass adoption, has announced investments in ripe web 3.0 sectors. Black3Lab’s proposed $50 to $100 million fund will focus on building a genuinely feasible economy of web 3.0-fueled products and services for the global populace. In addition to investing in potentially productive web …

Mitsubishi Corporation Announces the Closing of AIGF II Small and Mid-cap Growth Fund in ASEAN

       

TOKYO, Aug 26, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Corporation (MC) is pleased to announce the final closing of AIGF II LP (AIGF II) with total capital commitments of 17.3 billion yen from institutional investors both in and outside Japan. AIGF II is the second fund established by MC’s wholly owned subsidiary AIGF Advisors Pte. Ltd. (AIGF), a private-equity (PE) firm based in …

FUND THE PLANET announces the acquisition of more Rainforest for its future NFT collection

       

New York, NY, August 03, 2022 – (SEAPRWire) – FUND THE PLANET, an environmental sustainability-focused blockchain company, is announcing the acquisition of 1261 acres (5.1 square kilometers) of rainforest real estate for its upcoming NFT (Non-Fungible Tokens) collection of Rainforest Tokens. Focused on helping organizations and consumers achieve their ESG goals and compensate for their negative environmental impacts. FUND THE PLANET is securing and preserving rainforest ecosystems while …

Nissin Foods (Hong Kong) Charity Fund Launches Orange Tennis Community Programme

       

HONG KONG, Aug 3, 2022 – (ACN Newswire via SEAPRWire.com) – Nissin Foods Company Limited (“Nissin Foods”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced the launch of the Nissin Foods Orange Tennis Community Programme (Tai Po) by Nissin Foods (Hong Kong) Charity Fund (“Charity Fund”) and The Hong Kong Tennis Association (“HKTA”), offering regular weekly trainings for young players to …

Elite Partners Makes Maiden Entry into the Dutch Logistics Market with Acquisition of a Warehouse in Netherlands

       

Singapore, Aug 2, 2022 – (ACN Newswire via SEAPRWire.com) – Elite Partners Capital has acquired a warehouse in central Netherlands from a private investor. This comes shortly after its acquisition of a distribution facility in Wrexham UK, announced just earlier in the month. This marks the firm’s first foray into the Dutch logistics market. The asset is located at Nunspeet, a city just outside the …

MHI Receives MSCI’s ESG Rating of “AA” for the First Time

       

TOKYO, Jul 13, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Heavy Industries, Ltd. (MHI) has received an ESG Rating of “AA” from MSCI(Note) for the first time. The new 2022 rating represents an upgrade from the Company’s previous “A” rating, and it demonstrates the high assessment MSCI accords to MHI’s ESG initiatives. MSCI’s ESG Ratings are given in seven ranked grades in descending order …

MetaBitcoin (MBTC) Announces Investment from Alawad Fund

       

Dubai, UAE, July 8, 2022 – (SEAPRWire) – Recently, MetaBitcoin (MBTC), which implements all Bitcoin ecosystems identically within the Metaverse ecosystem, was selected as the first investment destination for the Alawad Fund. MetaBitcoin (MBTC) was issued by Meta Satoshi Nakamoto, and has the same elements as Bitcoin, 21 million total supply, 4-year halving, and mining compensation, can be purchased within. “Alawad Fund,” was launched on March 26 (local …

Elite Partners Acquires Distribution Facility in UK

       

LONDON, Jul 6, 2022 – (ACN Newswire via SEAPRWire.com) – Elite Partners Capital (“EPC”) has completed another acquisition of a distribution facility in the UK for over GBP 30M. The asset is located within Wrexham Industrial Estate, a premier industrial location and one of the largest industrial estates in the UK, well placed to serve both Wales and England. The estate extends to over 550 …

AIIB Commits US$100 million in CEL Infrastructure Investment Fund II

       

HONG KONG, Jul 5, 2022 – (ACN Newswire via SEAPRWire.com) – CEL Infrastructure Investment Fund II (“Fund II”), a private equity fund sponsored and managed by China Everbright Limited (“CEL”, stock code: 165.HK) has made significant progress in fundraising. On June 29, 2022, Asian Infrastructure Investment Bank (“AIIB”) approved to commit of US$100 million including up to US$25 million co-investment sleeve in Fund II. AIIB …

Perseverance Asset Management: long bias and fundamental bottom-up strategy

       

HONG KONG, Jun 28, 2022 – (ACN Newswire via SEAPRWire.com) – China’s hedge fund market has been building and has seen a 70% increase in total assets over the past two years to over 6 trillion RMB (US$944 billion) at the end of 2021. Equity hedge fund manager Perseverance Asset Management is taking advantage of this surge by funneling international institutional capital into China’s securities …

Panthera Growth to Raise US$250 Million Second Fund to Back Tech Companies

       

Singapore, Jun 28, 2022 – (ACN Newswire via SEAPRWire.com) – Panthera Growth Partners (PGP), a Singapore-based tech-focused growth investment firm, today announced the first close of its second Fund, having secured commitments for more than half of the target raise. The fund’s target has been set at USD 250 million, and is expected to be reached by end of this fiscal year. The fund will …