Each day, DailyAlts tracks major developments across the alternative investment world. Our content is procured from primary contacts in the industry and secondary sources across the web. Our goal is to give readers the most up-to-date news and engaging experience to open new doors and areas of knowledge. Our stories cover nine separate verticals of the alternative investment industry.
JMI Equity has closed JMI Equity Fund XI and JMI XI Executive Fund with total commitments of $2.4 billion. The oversubscribed fund received strong support from new and existing investors, bringing JMI’s total capital commitments to more than $8bn since its founding in 1992.
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The Chinese Venture Capital market hits a roadblock
After a five-year run of growth, VC investments have tumbled
During the second quarter of 2019, venture capital deals in China fell 77% to US$9.4 billion.
This is the first time in five years that venture capital investment has trended lower in China.
The Revolut unicorn, a disruptive force in banking
Revolut, the UK-based digital “challenger” bank, wants to become the Amazon of banking.
Started in July 2015 by two bank ex-employees, Revolut has a set a torrid pace towards its aim to become a global financial player.
Cadence Joins the Bloomberg Terminal
Cadence, which is opening alternative investment opportunities to all, is offering access to exclusive high yield, short term investments traditionally reserved for institutions. You can earn up to 2% on your investment in less than 2 months with a low minimum of just $500 to get started.
India May Jail People who Mine, Hold or Transact Cryptocurrencies
India’s draft “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019” has a draconian provision regarding cryptocurrencies. Those who use digital currencies in any way are liable to be slapped with a jail term from one to ten years and may also have to pay a penalty.
Panacea and Atlantic-Pacific Close Oversubscribed Healthcare Fund
The Panacea Venture Healthcare Fund I, which targeted $150 million, succeeded in mobilizing $180.5 million from a host of global institutional investors, including endowments, foundations, sovereign wealth funds, pension programs, consultants, fund-of-funds, asset managers and family offices.
Elliott Management Eyes Barnes and Noble
Activist hedge fund Elliott Management, owned by billionaire Paul Singer, may acquire book chain Barnes and Noble for $476 million, according to The Financial Times.
Cerulli Associates: European Retail Investors Seek Alternatives
Cerulli Associates, the global research and consulting firm, finds evidence that European retail investors are increasing attracted to alternative investments such as hedge funds, private equity, venture capital, and private debt.
The Marriage of Crypto Cost Storage and Real-World Assets
A new avenue is opening up for alternative investing. It’s the marriage of digital currency with tangible and valuable assets. There already is a designer watch that acts as a deep cold storage for crypto wealth. In the near future, this may extend to art, luxury accessories and fine jewellery.