Ripple has secured $500 million in new funding — led by Fortress Investment Group and Citadel Securities — valuing the blockchain firm at $40 billion. The raise follows Ripple’s $1 billion tender offer earlier this year at the same valuation and signals accelerating institutional adoption of stablecoins and blockchain-based finance. 🔹 Why It Matters ⚙️...
ChrysCapital has closed its tenth private equity fund at $2.2 billion, setting a record for India’s PE industry — and marking a milestone moment as the firm opens to domestic investors for the first time. The fund, ChrysCapital X, represents a 60% jump from its $1.35B predecessor and surpasses the previous $1.7B record set by...
Global commodities trader Gunvor Group has confirmed it will not resell any of Lukoil’s foreign assets back to Russia, even if U.S. sanctions are lifted. CEO Torbjörn Törnqvist told Bloomberg News the deal represents a “clean break” from Russian ownership — signaling a decisive move to distance Gunvor from Moscow’s influence amid heightened geopolitical scrutiny....
Under mounting pressure from activist fund Barington Capital, U.S. packaging and engineering group TriMas Corp has agreed to sell its aerospace division to an affiliate of Tinicum for $1.45 billion in cash, with Blackstone taking a minority stake. The sale — expected to close in Q1 2026 — marks a decisive move to refocus TriMas...
Norway’s $2.1 trillion sovereign wealth fund — the world’s largest — is pausing all ethical divestments for roughly a year while parliament reviews its ESG framework. Finance Minister Jens Stoltenberg said the rules, created in 2004, “must reflect how the world has changed.”The move follows growing global scrutiny, including U.S. criticism over the fund’s recent...
The world’s largest sovereign wealth fund — Norway’s Norges Bank Investment Management (NBIM) — has officially announced it will vote against Elon Musk’s $1 trillion Tesla compensation package, calling the deal “excessive” and risky for shareholders. “While we appreciate the significant value created under Mr. Musk’s visionary role,we are concerned about the total size of...