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China Ping An Insurance Overseas (Holdings) Limited Raised Fund of USD 850 Million for Overseas Private Equity Investing

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HONG KONG, Oct. 18, 2024 /PRNewswire/ — China Ping An Insurance Overseas (Holdings) Limited, the main offshore investment and asset management platform of Ping An Insurance (Group) Company of China, Ltd. (2318.HK, 601318.SH), together with its subsidiaries (“PAOH” or “Ping An“), announces the successful closing of its third vintage of private equity fund program (the “Fund”).

The Fund is a continuation of PAOH’s dedicated investment program focusing on the overseas private equity market. It comprises a well-diversified portfolio of top-tier buyout and growth managers in North America and Europe which was invested by Ping An and was transferred to the Fund as a secondary transaction. The Fund also includes a mandate that will invest in co-investment opportunities sourced from Ping An’s extensive network of global GP relationships.

The Fund received a total capital commitment of USD 850 million from a group of global investors, led by AlpInvest Partners (“AlpInvest”) and Montana Capital Partners (“mcp”). GIC, which previously anchored a predecessor private equity fund managed by PAOH with mcp, has participated in the Fund as well. PAOH and other investors are also limited partners in the Fund.

Hoi Tung, Chairman and CEO of PAOH, commented: “We are delighted to see the successful closing of our third fund vintage. We are particularly grateful for the support of our existing investors, GIC and mcp, as well as the trust of AlpInvest and other limited partners. This is a great vote of confidence and recognition in our investment capability, track record and operational governance. We look forward to capturing more compelling investment opportunities in the global market for our prestigious partners.”

Dr. Christoph Jäckel, Managing Partner of mcp, said: “We are honored to deepen our long-standing relationship with Ping An by structuring another customized and complex carve-out transaction. This secondary investment opportunity is a great showcase for mcp’s ability to add value for our investors by providing exposure to high-quality private equity assets in unique ways through direct negotiations.”

Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC, noted: “GIC is pleased to extend our relationship with Ping An, along with AlpInvest and Montana Capital, through another secondary transaction following the success of our prior commitment. Ping An has continued to invest with well-regarded managers, creating another compelling opportunity for GIC.” 

Wendy Zhu, Managing Director at AlpInvest Partners said, “We are excited to partner with PAOH in identifying and building out a high quality global private equity portfolio managed by our selected global private equity managers. We look forward to the collaboration between our firms and to support PAOH in building an industry-leading asset management franchise.” 

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Vantage Markets celebrates its 15th anniversary with prizes up to $111,000

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PORT VILA, Vanuatu, Oct. 18, 2024 /PRNewswire/ — Vantage Markets (or “Vantage”) is pleased to announce the launch of the Vantage First Class Promo, an exclusive event marking 15 years of successful trading with traders in selected regions. This promotion serves as a gesture of appreciation to Vantage’s traders, offering premium gifts and highlighting the company’s ongoing commitment to fostering growth in these fast-developing markets. With prizes valued up to USD 111,000, the initiative underscores Vantage’s dedication to its global trading community.

The Vantage First Class Promo includes an array of high-value rewards. The most notable prizes include the Mercedes Benz C220, a luxury trip to Japan for two, the Cartier Tank Must watch, and the Leica M11 Monochrom camera. These prestigious offerings reflect Vantage’s continuous efforts to elevate the trading experience while acknowledging the loyalty and support of its traders over the years.

To participate, eligible traders are required to deposit the qualifying amount within the promotion period and engage in trading key assets such as Forex, Gold, Silver, or Crude Oil. Over the past 15 years, Vantage has remained committed to delivering trading excellence, and this promotion is a continuation of that legacy.

“The Vantage First Class Promo is our way of acknowledging 15 years of unwavering support from our traders. We are excited to offer these exceptional rewards as we strengthen our position in economically dynamic regions,” said Lian J, User Growth Director at Vantage Markets.

This promotion provides an opportunity for traders to enjoy the benefits of Vantage’s platform while being rewarded for their support. For more details on how to participate, please visit the Vantage App. Terms and Conditions apply.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment. VFSC 700271.

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Eruditus Secures $150 Million Series F Funding Led by TPG’s The Rise Fund

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With participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative

Eruditus, the parent company of Emeritus, closes funding round to deepen investment in AI products and accelerate growth of enterprise business after achieving profitability

MUMBAI, India, Oct. 18, 2024 /PRNewswire/ — Eruditus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today that it has raised a $150 million Series F fundraise led by TPG’s The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, with participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative. This highlights the company’s remarkable growth and impact through continuous innovation in high-quality career-oriented education across the globe. The raise comes on the heels of a banner year for Eruditus in which the company was named the #1 Global EdTech by Time and achieved profitability on a full-year basis.

The funding bolsters Eruditus’ global growth and will be used to invest in AI technology to further enrich the learner experience, expand the company’s rapidly growing business serving governments and enterprises and deepen its investments in the India and APAC regions. As the company continues to grow and scale, it eyes future acquisitions and investments, which have historically contributed to impressive topline growth and expansion in strategic markets. Avendus Capital was the exclusive financial advisor for the fundraise.

Eruditus’ mission to make high quality education accessible and affordable around the world has never been more critical. Business today is changing faster than ever—and the AI revolution means it’s set to change even faster. The company is accelerating its investments in technology to harness the power of generative AI to further enrich the learner experience and provide enhanced learning solutions. Eruditus has already launched proprietary AI-powered tutors for students and programs with partner schools. The need for training in the age of AI is driving unprecedented demand for the company’s enterprise solutions that grew revenue 45% last year.

Steve Ellis, a Managing Partner of The Rise Funds, said “Eruditus is expanding access to new education opportunities and giving professionals at all stages of their careers the skills they need to advance and succeed in today’s rapidly changing workplace. Eruditus’ mission aligns with a core investing theme for The Rise Funds, which focuses on backing strong businesses that are opening pathways to high quality education and driving greater lifetime earning potential for their students. We look forward to working with Eruditus to further enhance the platform and scale the business globally.” As part of The Rise Fund’s investment, TPG’s Simit Batra will join Eruditus’ board of directors.

Today, more than 80+ top tier university partners around the world work with Eruditus to create over 700 professional learning programs delivered to more than 1 million individuals in 80+ countries. The company’s industry-driven certification programs, professional certificates, and workforce leadership development initiatives are defined by personal engagement between faculty and students, course customization, mentoring and coaching, and career counseling. The results are evident in course completion rates of 85% for their professional learners.

“With this investment, we’re excited to continue to grow and innovate to meet market demand,” said Ashwin Damera, CEO, Eruditus and Emeritus. “In a rapidly evolving business environment, we have reimagined education by bringing programs from the world’s leading universities to learners around the globe. Education is the key to transformation, for individuals, companies, and society and we’re appreciative of the support of our investors who enable us to accelerate our growth.”

About Eruditus
Eruditus, the parent company of Emeritus, is committed to teaching the skills of the future by making high-quality education accessible and affordable to individuals, organizations, and governments worldwide. It does this by collaborating with more than 80 top-tier universities across the United States, Europe, Latin America, Southeast Asia, India, and China. Eruditus’ short courses, degree programs, professional certificates, and senior executive programs help individuals learn new skills and transform their lives, companies, and organizations. Its unique model of state-of-the-art technology; curriculum innovation; and hands-on instruction from senior faculty, mentors, and coaches has educated more than 1 million individuals across 80+ countries. The Eruditus Group has more than 1,750 employees globally and offices in Mumbai, New Delhi, Shanghai, Singapore, Palo Alto, Mexico City, New York, Boston, London, and Dubai. The company is backed by TPG, the Chan Zuckerberg Initiative, Leeds Illuminate, Prosus Ventures, GSV Ventures, Peak XV, Bertelsmann, CPP Investments, Accel and SoftBank Vision Fund 2. For more information, please visit www.Emeritus.org.

About The Rise Funds
The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations’ Sustainable Development Goals. The Rise Funds deliver capabilities and expertise across a wide variety of sectors and countries at scale, focusing on opportunities in climate and conservation, education, food and agriculture, financial inclusion, healthcare, and impact services.

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With approximately $19 billion in assets across The Rise Funds, TPG Rise Climate, and the Evercare Health Fund, the TPG Rise platform is one of the world’s largest private markets impact investing platforms committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns.

For more information, visit therisefund.com.

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XTrend Becomes Gold Sponsor for the Dancing Queen Foundation’s Annual Charity Walk

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LIMASSOL, Cyprus, Oct. 18, 2024 /PRNewswire/ — XTrend, a global leader in online trading solutions, is proud to announce its role as the Gold Sponsor for the Dancing Queen Foundation’s (DQ Foundation) 16th Annual Charity Walk, an event dedicated to raising funds and promoting social awareness for children and teenagers’ psychological well-being in Cyprus.

The DQ Foundation, a non-profit organization committed to making a meaningful difference in the lives of young people, focuses on enhancing their mental health and overall quality of life. Through its initiatives, the foundation strives to create a supportive environment for children and teenagers, offering resources and programs that foster emotional resilience, growth, and well-being.

XTrend, known for its innovative trading platform and commitment to social responsibility, is honored to support this vital cause. The company’s involvement as Gold Sponsor highlights its dedication to contributing positively to the communities it operates in. The partnership with DQ Foundation aligns with XTrend’s mission to promote positive change and well-being beyond the financial sector.

“At XTrend, we believe in the importance of mental health, especially for the younger generation. Partnering with the DQ Foundation allows us to extend our impact by supporting initiatives that directly improve the lives of children and teenagers in Cyprus,” said Michael Rezaie, CEO of XTrend. “We are honored to stand by the DQ Foundation as they continue their vital work in nurturing the psychological well-being of these young individuals.”

The 16th Annual Charity Walk will bring together participants from all over Cyprus and beyond, with the goal of raising significant funds to support the foundation’s ongoing programs. Proceeds from the event will go towards funding critical mental health programs and services for children and teenagers, including counseling, educational workshops, and other support systems aimed at improving their psychological well-being.

XTrend remains committed to making a positive social impact and looks forward to continuing its support for local communities through similar initiatives. This sponsorship further underscores the company’s dedication to giving back and driving positive change for future generations.

About XTrend

XTrend is a leading online trading platform, offering cutting-edge technology and access to a wide range of financial markets. With a focus on user experience and innovation, XTrend provides traders with the tools and resources they need to succeed in today’s dynamic financial landscape.

Warnings: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 57.14% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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