Latest news with #Private
Business Times
4 days ago
- Business
- Business Times
Apollo wins bid for Singapore's US$1 billion private credit fund
[SINGAPORE] Apollo Global Management won the mandate to manage Singapore's US$1 billion private credit fund targeting local high growth enterprises, according to a government portal for procurement website. The Ministry for Trade and Industry and Enterprise Singapore in March introduced the US$1 billion Private Credit Growth Fund, which aims to provide non-dilutive customised financing for high-growth local enterprises, according to a statement then. It will announce more details about the fund by the third quarter, the statement said. The Private Credit Growth Fund, first introduced in the government's budget speech in February, is among Singapore's initiatives as it seeks to boost its presence in the burgeoning US$1.7 trillion private debt space. This follows the Monetary of Authority of Singapore's initiative from March, when it had sought public feedback on a proposed regulatory framework targeting the asset class. The framework aims to grant retail investors access to the private market with proper safeguards in place. Adding onto the city state's private market ambitions, Singapore's sovereign wealth fund Temasek Holdings in December said it had set up a private credit platform with an initial portfolio of about S$10 billion, consisting of direct investments and credit funds. Meanwhile, Temasek's unit SeaTown Holdings International last year raised US$1.3 billion for its second private credit fund. The firm actively lends to companies across Asia Pacific, such as to Vietnamese conglomerate Vingroup JSC's units Vincom Retail JSC and Vinfast Auto. BLOOMBERG
Straits Times
5 days ago
- Business
- Straits Times
Apollo wins bid to manage Singapore's $1 billion private credit fund
Find out what's new on ST website and app. The Private Credit Growth Fund, first introduced in February's Budget speech, targets financing for local high growth enterprises. SINGAPORE - Apollo Global Management won the mandate to manage Singapore's $1 billion private credit fund targeting financing for local high growth enterprises, according to a government portal for procurement website. The Ministry for Trade and Industry and Enterprise Singapore in March introduced the Private Credit Growth Fund, which aims to provide non-dilutive customised financing for high-growth local enterprises, according to a statement then. It will announce more details about the fund by the third quarter of 2025, the statement said. The Private Credit Growth Fund, first introduced in the Singapore government's Budget speech in February, is among Singapore's initiatives as it seeks to boost its presence in the burgeoning US$1.7 trillion (S$2.2 trillion) private debt space. This follows the Monetary of Authority of Singapore's initiative from March, when it had sought public feedback on a proposed regulatory framework targeting the asset class. The framework aims to grant retail investors access to the private market with proper safeguards in place. Adding onto the city state's private market ambitions, Singapore's state investment company Temasek in December said it had set up a private credit platform with an initial portfolio of about $10 billion, consisting of direct investments and credit funds. Meanwhile, Temasek's unit SeaTown Holdings International in 2024 raised US$1.3 billion for its second private credit fund. The firm actively lends to companies across Asia Pacific, such as to Vietnamese conglomerate Vingroup JSC's units Vincom Retail JSC and Vinfast Auto. BLOOMBERG
Hans India
5 days ago
- Business
- Hans India
CM to take part in ‘Praja Vedika' on July 19
Tirupati: Chief Minister N Chandrababu Naidu will participate in the Praja Vedika programme in Tirupati on July 19, where he is scheduled to interact with the 'Golden Families' and their mentors under the State's flagship P4 initiative. In preparation for the CM's visit, District Collector Dr S Venkateswar convened a review meeting with key officials at his chambers in the Tirupati Collectorate on Wednesday. Speaking at the meeting, the Collector said that the State government has taken up the P4 programme (Public, Private, People Partnership) as a prestigious initiative aimed at the eradication of poverty. Under the P4 initiative, the administration has identified 'Golden Families', those who fall within the bottom 20 per cent of the socio-economic strata. The top 10 per cent of well-established individuals and families have been tasked with mentoring and supporting these Golden Families by addressing their educational, skill development, and other essential needs. 'These mentors are expected to build long-term relationships with the Golden Families and provide them with necessary guidance, assurance, and support,' Dr Venkateswar stated. He stressed the importance of inter-departmental coordination and community participation to ensure the success of the P4 programme, especially in view of the Chief Minister's upcoming interaction with the beneficiaries. The meeting was attended by Joint Collector Shubham Bansal, Municipal Commissioner N Mourya, Trainee Collector Sandeep Raghu Vanshi, and Corporation Deputy Commissioner Amarayya. Representatives from several key organisations including Taj Hotel, RASS, Amara Raja Group, Rotary Club, and Pai Viceroy Hotel also participated in the discussions.
Malaysian Reserve
7 days ago
- Business
- Malaysian Reserve
XPLR INVESTOR DEADLINE: XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO, July 15, 2025 /PRNewswire/ — The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP (NYSE: XIFR) securities between September 27, 2023 and January 27, 2025, both dates inclusive (the 'Class Period'), have until September 8, 2025 to seek appointment as lead plaintiff of the XPLR class action lawsuit. Captioned Alvrus v. XPLR Infrastructure, LP f/k/a NextEra Energy Partners, LP, No. 25-cv-01755 (S.D. Cal.), the XPLR Infrastructure class action lawsuit charges XPLR Infrastructure, NextEra Energy, Inc., as well as certain of XPLR Infrastructure's top former executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the XPLR Infrastructure class action lawsuit, please provide your information here: You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@ CASE ALLEGATIONS: XPLR Infrastructure acquires, owns, and manages contracted clean energy projects in the United States, including a portfolio of contracted wind and solar power projects, as well as a natural gas pipeline. Throughout the Class Period, XPLR Infrastructure operated as a 'yieldco' – that is, a business that owns and operates fully-built and operational power generating projects, focused on delivering large cash distributions to investors. The XPLR Infrastructure class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) XPLR Infrastructure was struggling to maintain its operations as a yieldco; (ii) defendants temporarily relieved this issue by entering into certain financing arrangements while downplaying the attendant risks; (iii) XPLR Infrastructure could not resolve those financings before their maturity date without risking significant unitholder dilution; (iv) as a result, defendants planned to halt cash distributions to investors and instead redirect those funds to, among other things, resolve those financings; and (v) consequently, XPLR Infrastructure's yieldco business model and distribution growth rate was unsustainable. The XPLR Infrastructure class action lawsuit further alleges that on January 28, 2025, XPLR Infrastructure announced that it would suspend entirely cash distributions to common unitholders and essentially abandon its yieldco model. On this news, the price of XPLR Infrastructure common units fell by nearly 35%, the complaint alleges. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired XPLR Infrastructure securities during the Class Period to seek appointment as lead plaintiff in the XPLR Infrastructure class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the XPLR Infrastructure class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the XPLR Infrastructure class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the XPLR Infrastructure class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLPJ.C. Sanchez, Jennifer N. Caringal655 W. Broadway, Suite 1900, San Diego, CA 92101800-449-4900info@
Powys County Times
14-07-2025
- Sport
- Powys County Times
Billy Lee's Irish champion jockey hopes hit by broken collarbone
Billy Lee's hopes of being crowned Ireland's champion jockey for the first time have been dealt a blow after he broke his collarbone when brought down at Limerick on Saturday. Lee was riding Heishybrid for Noel Meade in the Private Suites At Limerick Racecourse Handicap when Woodhsaw Whisper fell, bringing him down. Woodshaw Whisper's rider, apprentice Nicola Burns, suffered a broken nose. Lee is currently just three behind Colin Keane in the race for the title and with Keane now required in England and France in his role as Juddmonte's retained rider, an opportunity had opened up. Now, however, he faces up to four weeks on the sidelines and a race to be fit to get back to race Paddy Twomey's St Leger hope Carmers in the Great Voltigeur at York on August 20. Carmers was one of two Royal Ascot winners for Lee last month, having also scored on Henry de Bromhead's Ascending. 'Billy has broken his collarbone, but it is a clean break and hopefully he could be back in about four weeks,' said his agent Kevin O'Ryan. 'He's in good spirits and is looking on the bright side. Typical of Billy he said 'it could be a lot worse'.'
