Jest, the first marketplace for messaging apps that use texting protocols SMS and RCS, has launched the Jest Games Fund to support studios building games “for the RCS messaging ecosystem” that can be published on its platform. With “no equity taken or IPs transferred,” successful bids can make use of the fund and keep 90%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apollo Global Management has limited redemptions from one of its flagship private credit vehicles, becoming the latest investment manager seeking to staunch outflows as wealthy investors retreat from the industry. The New York-based group said
SilverX Fund, a venture capital firm that has backed startups such as OnFinance, SuperK, VAMA and Dhruva Space, plans to make four–six investments by the end of this year and 10–12 in 2027. These investments will be made from its recently launched Fund II, which has a total corpus of $90 million along with an
A multimillion-pound fund to support businesses affected by the “catastrophic” fire that ravaged a building neighbouring Glasgow Central station has opened to applications. More than 70 businesses lost their premises in the blaze on March 8 while dozens of others were unable to open as they were within the safety cordon put in place after
Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately
The allocation represents up to five per cent of the Fund’s assets under management and forms part of the Fund’s long-term investment strategy. All investments will remain subject to the Fund’s established governance framework, due diligence processes and fiduciary duties. The updated Investment Strategy Statement embeds the Fund’s approach to place-based investment and sets out
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The Hardship Fund programme was launched in March 2025, and the Committee has received 141 referrals from partner agencies and service providers seeking assistance for individuals experiencing financial hardship, Minister of Youth, Social Development and Seniors Tinée Furbert said in the House of Assembly. The Minister added, “Housing needs accounted for approximately 50.7% of financial disbursements,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Blackstone’s flagship $48bn private credit fund suffered its first monthly loss in more than three years in February, as loan markdowns and market declines weighed on returns. The Blackstone private credit fund, known as Bcred,
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale,