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Orange County Employees commits $130 million to 3 alts funds

Orange County Employees Retirement System, Santa Ana, Calif., committed a combined $130 million to three alternative investment funds, staff of the $20.2 billion pension plan reported to the investment committee Wednesday. OCERS committed $75 million to Hellman & Friedman Capital Partners X,…

Ant-Backed Snowball Finance Plans $300 Million U S IPO

Ant-Backed Snowball Finance Plans $300 Million U.S. IPO Bloomberg 5/7/2021 © Bloomberg Russia s CryptoSpace Blockchain And Cryptocurrencies Conference (Bloomberg) Snowball Finance Beijing Internet Information Technology Co., an online financial information portal that counts Ant Group Co. as one of its backers, is planning an initial public offering in the U.S., which could raise about $300 million, people with knowledge of the matter said. The Beijing-based company, known as “xueqiu” in Chinese, is working with advisers on the proposed share sale, said the people, who asked not to be identified as the information isn’t public. Snowball plans to file for the IPO as soon as this month, according to one of the people.

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