AsianInvestor has identified 20 outstanding executives who are driving the region's pension industry forward. Today, we feature leaders from Australia and Canada — CSC and CPP Investments.
BlackRock has marked down the value of its stake in Indian edtech start-up Byju s by 26% in Q1 2022 and by 62% YoY, reducing the firm s estimated valuation to less than $8.4bn. Byju s, currently seeking fresh capital to repay loans, was valued at $22bn in 2021. Fellow asset manager T. Rowe Price increased the value of its stake in the start-up by 11.5% in Q1 2022. The markdowns may make it difficult for Byju s to convince investors to put in fresh capital at its desired valuation.
Temasek announces FTX review outcome; INA keen to build modern warehouses in Indonesia; Malaysia's EPF directed to lift domestic investments in portfolio; CPPIB stresses importance of China exposure in overall strategy; and more.
The proposed deal involves the acquisition of additional Series E compulsorily convertible preference shares of Acko Technology by Multiples Private Equity Fund III and CPP Investment Board Private Holdings