Venari Resources raises additional $1.3 bln from private equity group

Deepwater oil exploration company Venari Resources has raised an additional $1.3 billion from a group of investors. Venari’s management and existing investors Warburg Pincus, Kelso & Company, Temasek and The Jordan Company were joined by new investors GIC and BlackRock Private Equity Partners. To date, Venari has raised $2.4 billion, including $1.1 billion when the company was formed in May 2012.


SAP Ventures leads Series B round for Krux

Krux, a provider of cloud-based data management solutions, has closed $35 million in Series B funding. SAP Ventures led the round with participation from Time Warner Investments, Visionnaire Ventures, Temasek, Accel Partners, IDG Ventures and The Entrepreneurs Fund. In addition to the funding, Nino Marakovic, CEO and managing director of SAP Ventures, will join Krux’s board.


Dymon gets $500 mln from Temasek to seed hedge funds-Reuters

Singapore-based asset manager Dymon Asia Capital has received a commitment worth $500 million from Temasek Holdings to start a hedge fund seeding venture at a time the Asian industry is starting to recover after six years of sluggish growth, Reuters reported.

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This morning First Read brings you the latest after the weekend including the secrets to venture capital success, pension funds facing a dilemma over private equity cash returns and Quantum Energy targeting $2.5 bln for Fund VI.


Temasek leads $50 miln round for Jasper

Jasper said Wednesday that it has closed $50 million in financing. Temasek led the round. Based in Mountain View, Calif., Jasper is a cloud-based platform for the Internet of Things.

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Trending this week: co-investing, corporate VC, Capital One, SEC investigating PE funds, Temasek, fintech, job openings at Carlyle, HarbourVest, Blackstone and more.

Marin Software Takes $30M Round

Marin Software, the California-based ad management platform, has raised a $30 million round led by strategic investor Temasek, joined by the arm of another corporation, SAP Ventures. The round, which, according to the company’s statement, was oversubscribed, also included prior backers Benchmark Capital, Crosslink Capital, DAG Ventures, and Triangle Peak Partners. PRESS RELEASE: SAN FRANCISCO, […]

Portola Raises $89 Million

Portola Pharmaceuticals has raised $89 million in a preferred stock financing. The financing round included existing investors who were joined by Temasek, an Asia investment company, and Eastern Capital Limited. Portola Pharmaceuticals develops therapeutics based on targets with established proof of concept that are designed to provide significant advances over current treatments for cardiovascular and […]

New Hope to get Temasek Backing for Fund

Chinese animal feed producer New Hope Group plans to set up a $200 million overseas fund that counts Singapore’s sovereign wealth fund Temasek among its key investors, Reuters reports. New Hope Vice President Wang Hang said the fund would mainly invest in businesses related to food security, food safety and farm technology, according to Reuters. […]

Temasek Buys Ino Miner Freeport-McMoRan

SINGAPORE (Reuters) – Singapore state investor Temasek [TEM.UL] has bought a stake in Freeport-McMoRan Copper & Gold Inc (FCX.N) for nearly $32 million, according to a regulatory filing seen by Reuters. The stake purchase is its latest investment in the resources sector in which it has poured more than $1 billion in the last two […]

Temasek Investing $200 Million into GMR Infastructure

MUMBAI/SINGAPORE (Reuters) – Singapore state investor Temasek Holdings will invest $200 million in the power unit of Indian conglomerate GMR Infrastructure (GMRI.BO), said two sources with knowledge of the situation. Temasek will invest in GMR Energy through a structured paper that will be converted into equity, one of the sources told Reuters, adding a deal […]

Temasek Revises Its Charter, Downplays State Links

SINGAPORE (Reuters) – Singapore state investor Temasek issued a revised charter on Tuesday that downplayed its links to government policy or strategic interests, as it eyes more overseas assets from banks to infrastructure. Temasek, one of the world’s biggest wealth funds whose sole shareholder is the Singapore government, still has controlling stakes in half the […]

Temasek: No CEO Deadline, Seeking Local

SINGAPORE (Reuters) – Singapore state investor Temasek has not set a deadline to replace CEO Ho Ching despite her designated successor’s surprise departure last month, the city-state’s finance minister said on Tuesday. Tharman Shanmugaratnam said Temasek’s next chief should “ideally” be a Singaporean, but added the government would leave the decision to Temasek’s board. “There’s […]

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