International Business Opportunities

Yahoo! Singapore Sep 24 2008 3:10AM GMT
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Yahoo! Singapore Sep 23 2008 10:30PM GMT
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Yahoo! Singapore Sep 24 2008 12:39AM GMT
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A new report says sovereign wealth funds may increase investment in commercial real estate to a net 5bn by 2015 as they diversify their holdings from stocks and bonds, reported Bloomberg. CB Richard Ellis Group, the world's largest commercial-property broker, noted in its report that the funds will probably raise the proportion of money they invest in real estate to 7% from 4% in the next seven years. Abu Dhabi, Norway, Saudi Arabia, Singapore and China have the largest funds.
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China IT service provider DCITS has received million in venture capital funds, according to the Private Equity Help Desk.

The deal is part of a spin off of DCITS. The company was previously part of Digital China Holdings Ltd. Infinity I-China Fund and China Singapore Suzhou Industrial Park Ventures Co. together led this round of funding.

“DCITS is the largest and most prominent company in which the Infinity I-China Fund has ever invested; and, Digital China is the strongest domestic brand in China's IT industry. Its market presence within major accounts in government and industry, execution capabilities, strategy as well as an unrivaled management team, all put DC and its spin-off in a clear leadership position. Our M investment in DCITS makes Infinity a partner in this great company. Moreover, this deal marks a major milestone in Infinity's implementation of its core strategy, essentially investing in leading Chinese companies which can also help Israeli and other foreign companies penetrate the Chinese market. With this new investment, such IT companies now have a natural partner in China,” said Avishai Silvershatz, managing partner of the Infinity I-China Fund, in a press release.

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