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    Business Wire India

    Fenergo, the industry standard for Client Lifecycle Management software solutions for investment, private and corporate banks has today announced that Spencer G. Lake, a former Vice Chairman of HSBC Global Banking and Markets, has joined its Board of Directors in the capacity of Vice Chairman.


    “I am delighted to welcome Spencer to Fenergo’s Board,” said Marc Murphy, Fenergo CEO. “Spencer brings a huge amount of experience having built a successful career in investment banking over the last 29 years. Spencer will help steer Fenergo through our next stage of growth and I know that Fenergo will benefit greatly from his deep industry experience.”


    Most recently, Spencer was Vice Chairman of HSBC Global Banking & Markets. During his decade-long tenure with HSBC, Spencer held several global senior roles in HSBC in areas such as running Debt Capital Markets and Acquisition Finance for four years; Global Markets (including FICC, equities and research) for three years; and Capital Financing (structured and unstructured lending, financing and investment banking products) for three years. Prior to HSBC, Spencer spent 17 years in Merrill Lynch in senior roles spanning real estate finance, investment banking, and debt capital markets across New York, Hong Kong and London. Before Merrill Lynch, Spencer worked for two years at JP Morgan in real estate investment banking.


    In addition to Fenergo Spencer currently serves as Chairman of the Board of the International Capital Market Association, having been a member since 2011, and is helping a few other small companies in their growth strategies.


    Spencer holds a B.A. in International Finance and Marketing from Suffolk University, Massachusetts and an M.B.A. from New York University's Stern School of Business.


    – Ends –


    About Fenergo (


    Fenergo is a leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks. Its solutions help institutions to efficiently manage the end-to-end regulatory onboarding and entity data management processes. Its rules-driven solution ensures compliance with multiple regulatory frameworks and supports the collection, centralization and sharing of client and counterparty data and documentation across the institution. By expediting compliance and improving operational efficiencies, Fenergo’s solutions can onboard clients faster, improve time to revenue and overall client experience. Fenergo’s recent accolades include: Chartis RiskTech100™ (third consecutive year, rising 25 places in 2017); Top Performer in RegTech Performance (Banking Technology / MarketFintech, 2016); Best Compliance Product (Sell-Side Technology Awards 2016), FinTech Forward Company to Watch (American Banker, 2015), Chartis RiskTech100® (2016 and 2015) and Best Enterprise Data Management Initiative (Inside Reference Data, 2014).



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    Business Wire India

    Russell Reynolds Associates, a leading global executive search and leadership advisory firm, announced that Peter Drummond-Hay has been honored as the 2017 recipient of the Association of Executive Search Consultants (AESC) Lifetime Achievement Award. Based in Singapore, Drummond-Hay’s career spans over 35 years of leadership experience with Russell Reynolds Associates. Most recently, he led the firm's business in Asia/Pacific and held leadership roles in New York, Europe, Canada and Latin America. He launched the firm’s Business and Professional Services and Leadership and Succession practices and led the Financial Services team.


    This Smart News Release features multimedia. View the full release here:

    Peter Drummond-Hay, Russell Reynolds Associates, and Karen Greenbaum, AESC President & CEO. (Photo C ...

    Peter Drummond-Hay, Russell Reynolds Associates, and Karen Greenbaum, AESC President & CEO. (Photo Credit: AESC)

    “I am pleased to congratulate Peter for receiving the AESC Lifetime Achievement Award. This is the most prestigious award from the AESC and honors those who embody the highest standards of work and ethical practices in our industry,” said Clarke Murphy, Chief Executive Officer of Russell Reynolds Associates. “Peter has made a tremendous impact on our firm—and our culture—by mentoring many consultants who went on to be and currently are leaders themselves,” said Murphy.


    Drummond-Hay is a member of the firm's Leadership and Succession and Financial Services practices. He conducts senior management and board of director searches more broadly, as well as assists clients in succession management and in the assessment of their boards and leadership teams.


    He is a trustee of the University of St. Andrews American Foundation. He is a former board member of British American Business, Restless Development USA and the New Canaan (Conn.) Country School.


    Drummond-Hay received his B.A. and M.A. degrees in history from Trinity College, Cambridge University.


    About Russell Reynolds Associates


    Russell Reynolds Associates is a global leader in assessment, executive search and succession planning for boards of directors, chief executive officers and key roles within the C-suite. With more than 400 consultants in 47 offices around the world, we work closely with public, private and nonprofit organizations across all industries and regions. We help our clients build teams of transformational leaders who can meet today’s challenges and anticipate the digital, economic, environmental and political trends that are reshaping the global business environment.



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    Business Wire IndiaAfter establishing itself successfully as automation and IoT solution provider of choice by various real-estate players and consumers in residential space, Silvan Innovation Labs (Silvan) has entered enterprise space by fine-tuning its IoT products and solution to the needs to a variety of enterprises. The initial focus is to cater to Office Spaces, Banks & ATMS, Hospitality and Retail.

    “At basic level, the needs of every space, be it a home or office space, ATM, Hotel Room or Retail Outlet, are the same- Security, Comfort, Energy Management and Efficient Maintenance. However, based on the specific space, the priority of different needs, the user interface, scalability needs and price-performance points changes. Our scalable platform allows us to tweak our solutions to the needs of different spaces very easily”, said Avinash K Gautam, CEO of Silvan.

    All of Silvan’s products are designed and made in India, with deep understanding of requirements of market here.

    In office space, Silvan offers Conference Room Automation and Office Lighting Management Solution. Its Conference Room Automation solution is designed with the objective of hassle-free usage of conference rooms, avoid unnecessary energy wastage in-case if it’s not used, and enable effective management of its bookings etc. Using true IoT and App-less strategy, the usage is kept simple enough that visitors to the conference room don’t have to fumble with complexities of using an unknown app for that room usage. Its Office Lighting Management Solution is designed for easy, effective and energy efficient usage of office lighting, and made with an eye on cost effectiveness, scalability, reliability and avoiding single point of failure.

    For Banks and ATMs, Silvan has developed unified Security and Energy Management solution which protects various ATMs spread across geographies against ATM thefts, and ensuring optimal usage of lights and AC in the ATM using a variety of rules to cut down energy bills by at-least 20%. Additionally, it also helps in house-keeping by continuously monitoring the status of UPS battery and alerting a centralized facility team in-case battery level in any ATM goes below a certain level.

    In Hospitality space, Silvan’s Voice assisted solution has become an answer to long pending pain-point for hotels struggling with app based automation solution because their guests seldom use the app. Silvan enhances the guest experience by offering simple but effective solutions which allow the guests to comfortably control all the appliances in the room, and it also handles their entertainment needs very effectively. For example, one of the common problems guests have in hotel rooms is not knowing channel numbers of their favourite TV shows. With Silvan’s system, guests just have to say, “Alexa take me to CNBC” and this voice command will switch on the TV and take to CNBC channel.

    In retail space, in addition to offering its energy management and security solutions, Silvan offers Audio/Video distribution from a centralized location to all the retail outlets of a retail chain. This enables the retail chain to create uniformity of customer experience, and to use its infrastructure for effective dissemination of information.

    “We understand that enterprise space has a lot of established players. Our strategy here is to provide a very different value proposition to our customers, and not just provide incremental improvements over what they have seen so far,” said Avinash.

    These enterprise solutions from Silvan are already seeing strong market pull and adoption. Silvan is working with partners all over India to roll them out in market.

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    Business Wire India

    Bank of America reported its first-quarter 2017 financial results today.


    This Smart News Release features multimedia. View the full release here:


    The news release, supplemental filing and investor presentation can be accessed in the following ways:


    Investor Conference Call information


    Bank of America Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the company’s results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the investor presentation, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international). The conference ID is 79795.


    Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference call and view the presentation slides by visiting the Events & Presentations section of the company’s Investor Relations website.


    Replay information for Investor Conference Call


    Investors can access replays of the conference call by visiting the Investor Relations website or by calling1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon ET on April 18, through 11:59 p.m. ET on April 25.


    Bank of America
    Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,600 retail financial centers, approximately 15,900 ATMs, and award-winning digital banking with approximately 35 million active users and more than 22 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE:BAC) is listed on the New York Stock Exchange.


    Visit the Bank of America newsroom for more Bank of America news, and click here to register for news email alerts.




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    Business Wire IndiaCIBIL (Credit Information Bureau India Limited) is credit information company in India, that gathers financial data for maintaining credit records. Information is shared by partners such as banks, lenders and other financial institution. This information is evaluated by CIBIL to understand the creditworthiness of a person. Based on the evaluation a score ranging between 300 and 900 is derived, that fundamentally signifies the credit history of an individual.

    So when you are planning to take a Personal Loan or a home loan it is advised to get your CIBIL​ score checked. Your CIBIL score principally highlights your financial picture and helps lending institutes to assess the capability of repayment. A person with good credit score, at times, enjoys the benefit of a cheaper interest rate on Personal Loan. But, if the credit score is less than a minimum benchmark set by the lender, the application is rejected immediately.

    Generally, a person with a credit score of 750 and above is considered to be a good borrower. Also, a score below 600 reflects that a person has defaulted on payments in past. However, different lenders have a different definition of good credit score. Hence, it is very important to maintain your CIBIL score for getting any kind of loan.

    How to improve your credit score

    You can follow few simple steps to improve your credit score.

    Repayment of credit card spends

    • To improve your score, repay your balances and try to keep them low at all point of time
    •  Even if you clear the full balance every month but your utilization is higher the credit score might be impacted. Hence, you need to keep the necessary checks and balances on the spends
    • Also, some of the lenders assess you through the balance reported to the bureau, so it becomes necessary for you to keep the spending in limit
    Pay your EMIs and bills on time
    • Set reminders to pay your credit card bill because even one single default can impact your CIBIL score
    • Make necessary arrangements to pay your all you EMIs on time
    Servicing Debt
    • Taking loan for a longer period and paying your EMI’s on time has a positive impact on your credit score
    • Paying debt on time for a longer duration builds the repayment history stronger and better
    Frequent requirement of new credit
    • Lenders check your CIBIL score every time you apply for a new loan
    • Reducing the frequency of new loan application will help in maintaining the credit score
    Healthy mix of credit
    • Timely servicing a mix of secured and unsecured loan will help in improving your financial history
    • A mix of Personal Loan and mortgage loan is a healthy mix and if it's paid off timely your credit score recovers and improves considerably
    However, you may opt for a personal loan for debt consolidation as the process of getting a personal loan is much easier. To understand the monthly outgo towards your total loan amount you may use debt consolidation calculator offered by Bajaj Finserv. Bajaj Finserv, India’s most diversified financial company, through its lending arm Bajaj Finance disburses the loan within 72 hours based on details filled by the applicant on their website. The company runs a quick background check and if it meets all the criteria’s the loan application is approved instantly.
    Bajaj Finserv, in its current scheme, is offering Tanishq vouchers worth Rs.10,000, for a loan amount above 10lakhs. The offer is valid between 17th to 23rd April 2017.
    About Bajaj Finance Ltd.

    Bajaj Finance Limited, the lending arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 7 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more please visit

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    Business Wire India

    The Western Union Company (NYSE: WU), a leader in global payments, today announced an innovative and compelling way for Facebook Messenger users in the U.S. to send money to more than 200 countries and territories across 130 currencies. The announcement was made at the F8 Facebook Developer Conference in San Jose, California.


    This Smart News Release features multimedia. View the full release here:


    Western Union has developed a money transfer bot for Messenger, which offers a simple, seamless experience for those who want to move money to almost anywhere in the world. The entire experience occurs within the Western Union cross-border money transfer platform which is embedded inside Messenger.


    The funds can be received into billions of bank accounts around the world or in cash at half a million global retail Agent locations from the world’s largest metro areas to remote villages. More than 1.2 billion people around the world use Messenger every month.


    Messenger users in the U.S. will have access to Western Union’s industry-leading digital and retail cross-border money transfer platform, as well as many innovative features including access to real-time foreign exchange rates and automated customer support. The Western Union bot for Messenger enables a digital-and-physical gateway for money movement, bringing access, convenience and leading-edge technology to U.S. consumers.


    “Western Union’s global money movement platform—trusted by millions of customers worldwide—can now be accessed through the world’s largest social network platform by users in the U.S., enabling convenience, access and simplicity to further connect individuals and communities all over the world,” said Odilon Almeida, President, Global Money Transfer at Western Union.


    “The Messenger platform allows Western Union to interact with our U.S. customers where they are, when they need us, in the most natural, conversational way,” he added.


    “Our Messenger community in the U.S. can now connect with the rest of the world via Western Union’s services—either digitally or to a physical location—when sending money,” said David Marcus, Vice President of Messenger. “We are thrilled that the Western Union money transfer bot for Messenger is launching today.”




    About Western Union


    The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. As of December 31, 2016, the Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 550,000 Agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to billions of accounts. In 2016, The Western Union Company completed 268 million consumer-to-consumer transactions worldwide, moving $80 billion of principal between consumers, and 523 million business payments. For more information, visit



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    Business Wire India

    MoHala Enterprises, doing business as Sundial Consulting, and Andersen Tax announced that they have reached an amicable settlement to a trademark infringement dispute that began in March, 2017. Although the specific terms of the resolution are confidential, MoHala Enterprises d/b/a Sundial Consulting has agreed never to use the terms “Andersen” or “Arthur Andersen” to promote its professional services consultancy, and has withdrawn its membership as an affiliate of the French society calling itself “Arthur Andersen & Co.” Sundial Consulting will also be dissolving Arthur Andersen LLP, a California limited liability partnership it previously formed for purposes of serving as the U.S. member and affiliate of this French society. Andersen Tax, which is the owner of multiple trademark registrations incorporating the name “Andersen” for tax and business consultation services around the world, filed suit against MoHala Enterprises based upon those rights last month, resulting in today’s announced settlement.


    For more information, contact Oscar Alcantara, Trademark Counsel at Andersen Tax.





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    Business Wire IndiaBefore the digital era began, home loan processing was very unpredictable. However, with digitisation, a whole new world of instant credit and instant loans was formed. Technological initiatives coupled with credit processes has transformed the entire customer experience forming a lending ecosystem. Now a day’s banks and institutions rely more on credit reports generated by credit information agency - CIBIL for gauging a loan applicant. An applicant with a score of 750 or above can get a home loan smoothly.

    Low interest rates on housing loan and IT benefits have induced many to own a property. Nowadays CIBIL is helping borrowers to check the best loan available based on his/her credit scores and history. When a borrower logs on to CIBIL’s website to check the credit score, he has the option to apply for a loan. However, one needs to ensure the timely repayment of home loan or any other loan to build a good credit history. Loan repayment does impact your credit score in a big way and few important things one need to keep in mind for improving the credit score.

    On time payment – Late payments are not an option when you need to improve your credit score. On time payment makes your profile better and stronger.

    Low credit and borrowings – Reduce the tendency to apply for a loan for everything. Evaluate if you really require that loan or the same can be raised from other sources. Financial sound profile is most preferred by the lenders.

    Right communication – Miscommunication always leads to mistakes that are not intentional. If you see an error in your personal account or credit card records, communicate with the lender immediately and make sure it is rectified. This will save your credit score to a large extent.

    Appropriate borrowing – A healthy mix of secured and unsecured loan is always recommended. A marginal incline towards a home loan (secured loan) could be beneficial.

    Buying a home is one of the most important decision in life, and one should look for good options when it comes to applying for a home loan. One should evaluate the home Loan interest rates offered by non-banking institution such Bajaj Finserv that is currently offering rate of 8.85%.   

    Bajaj Finserv’s home loan offers number of benefits such as instant approval, 3-EMI Holiday, speedy disbursals and many more. Also, when you apply for a home loan with Bajaj Finserv, your application will be processed and approved within 5 minutes.

    If you have used your own funds to purchase a house in the last 12 months, then you can opt for the refinance option offered by Bajaj Finserv and avail a loan amount that’s less than or equivalent to the registered value of your property. You can calculate the monthly EMI through the home loan EMI calculator and decide the tenor of payment.
    About Bajaj Finance Ltd.

    Bajaj Finance Limited, the lending arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 7 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more please visit

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    Business Wire India

    Lombard International, a global leader in wealth structuring solutions, today announced the appointment of Sandra Locke to the new role of Executive Vice President, Global Director of Human Resources


    In this role, Sandra will be responsible for developing the global HR strategy. Reporting to John Hillman, Executive Chairman, she will be partnering with the leadership teams in Europe, the US, Latin America and Asia to ensure that Lombard International’s Human Capital initiatives are aligned with our global goals.


    Sandra joins from Guy Carpenter, part of Marsh & McLennan, where she was Managing Director, Global Head of Human Resources, and a member of the Executive Committee, responsible for their human capital strategy.


    John Hillman, Executive Chairman of Lombard International, said: “Sandy will be a great asset to our leadership team. Her exceptional operational and strategic HR skills will be invaluable to the business as we execute the next phase of our growth strategy across Europe, the US, Latin America and Asia. Moreover, this appointment underlines our commitment to developing a dynamic and engaging workplace culture which emphasizes personal accountability and rewards high performance.”


    Sandra Locke commented “I am excited to be joining Lombard International at such an interesting time. I am looking forward to helping to grow the business across the different regions and cement a culture which values and supports all colleagues in delivering expertise and excellent service to our partners and clients around the world."


    About Lombard International


    Lombard International is a leading global life insurance-based wealth solutions provider, combining the strength and expertise of two specialist life insurance companies with over 25 years’ experience and market leadership in their respective fields. Lombard International provides wealth structuring solutions using private placement life insurance and annuity products to high net worth individuals, their families and institutions around the globe.


    The global group, branded as Lombard International, launched to market in September 2015. With head offices located in Luxembourg and Philadelphia, a combined global presence enables Lombard International to serve clients’ complex needs on a global basis while being sensitive to local cultures and attitudes. The firm is an industry leader in providing multi-jurisdictional wealth planning solutions through its partner networks across the United States, Europe, Asia and Latin America.


    Global assets under administration are in excess of €77 billion with a global staff number of over 600, including more than 60 technical experts specializing in 20+ jurisdictions. Funds managed by Blackstone own Lombard International. Blackstone is one of the world’s leading investment firms with assets under management of over USD 367 billion.





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    Business Wire India

    <b>Rajesh Gupta, Founder, Cash Suvidha </b>
    Rajesh Gupta, Founder, Cash Suvidha

    Cash Suvidha, one of India’s fastest growing Fintech company has recently announced its partnership with KrazyBee, a Bengaluru based micro-lending platform, with an aim of facilitating easy and quick financing solutions for college students to pursue their passion.

    As a part of MoU, Cash Suvidha has provided funding small amount of loan, which will be dispersed to college going students for meeting their necessary requirements such as laptops, camera, Mobiles, watches and other related electronic items.

    Rajesh Gupta, Founder, Cash Suvidha said, “Long before any thriving business, multiple offices, or even employees, we want to empower students’ right when they think the word idea. Our association with KrazyBee is more like a direct investment into students’ dreams and aspirations. We are empowering the next generation through providing them a support system which will enable them to take a step forward in acquiring relevant skills.” He further added, “We are confident that through this alliance, we will reach out to a wide range of student community and will play a significant role in advancing their careers.”

    Through this association, Cash Suvidha is expected to cater to a credit line of over 1000 students every month from over 100 colleges in all the metro cities and a few tier – II cities by the end of 2017.About Cash Suvidha

    Cash Suvidha, the trade name of Usha Financial Services Pvt., is an emerging online Fintech platform in India that works for customer requirement and offer business loan or funding services within 72 hours after receiving all the documents. The company offers five kinds of loan-based products broadly – Business loan & personal loan, and a range of services exclusively for women. Cash Suvidha’s punctuality in the disbursement of loans coupled with smooth lending policies and best-in-the-industry interest rates make it an ideal option for small and medium businesses.

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    Business Wire India

    <b>Mech Mocha founders: (From left) Arpita Kapoor, Shilp Gupta, Mohit Rangaraju</b>
    Mech Mocha founders: (From left) Arpita Kapoor, Shilp Gupta, Mohit Rangaraju

    • After global investments in Rovio (‘Angry Birds’) and Supercell (‘Clash of Clans’), Accel Partners invests in Bangalore-based gaming start-up Mech Mocha
    • Shunwei Capital’s investments in Mech Mocha follows focus on disruption-led tech start-ups in India
    • In December 2015, Mech Mocha raised $1 million seed round funding led by Blume Ventures and Flipkart
    Mech Mocha, an India-focused Bangalore-based mobile gaming start-up, today announced that it has raised $5 million Series A funding led by Accel Partners and Shunwei Capital and with participation from existing investor Blume Ventures. Mech Mocha will deploy the funds to develop and launch new mobile-gaming titles across the casual and mid-core gaming categories, targeted at Indian audience. In December 2015, the start-up raised $1 million seed round funding led by Blume Ventures and Flipkart.
    Mech Mocha’s first game – Chhota Bheem Himalayan Game frequently ranks No 1 game on Google Play Store. With the game being played by over 4 million Indians, the startup has a proven track record of thinking local but executing at global standards. Mech Mocha is exploring partnerships with global gaming companies to release their blockbuster gaming titles in India. Mech Mocha is leveraging its Indian market insights and in-house technology platform to culturalise narratives and customize gameplay for the Indian audience. The start-up continues to heavily invest in an integrated technology platform with cutting-edge capabilities in behavioural analytics, multiplayer, LiveOps, and monetisation.
    “We are delighted to have Accel Partners and Shunwei Capital as investors in Mech Mocha. Globally Accel has a wealth of experience in the gaming space with investments in Supercell and Rovio. With Shunwei, we aim to learn from the massive Chinese gaming market and introduce Chinese mobile games to the Indian audience,” says Arpita Kapoor, CEO, and Co-founder, Mech Mocha.
    “Over the past one year, we have seen Arpita and the team at Mech Mocha produce some hugely impressive work. It is our strong belief that Mech Mocha has all it takes to become the leader in the Indian mobile gaming space. We are excited to be a part of their journey to connect with and to entertain millions of Indians,” says Prayank Swaroop, Principal at Accel Partners.
    “The Indian mobile gaming sector is growing at a fast pace and holds great opportunity. Mech Mocha has taken the lead in this space and we are happy to be a part of their growth journey. We hope to share our experience in China and use it to create new opportunities for Mech Mocha in India,” says Tuck Lye Koh, Founding Partner & CEO, Shunwei Capital.
    “Since we backed Mech Mocha last year, they have attracted some of the best minds to their team including key senior folks. Mech Mocha is a classic example of a solid team in a market that is yet to explode and we are confident of their success,” says Karthik Reddy, Blume Ventures.About Mech Mocha

    Founded by IIIT Gwalior graduates Arpita Kapoor, Mohit Rangaraju and Shilp Gupta, Mech Mocha focuses on creating high-quality mobile games for the millions of Indians coming online due to the smartphone revolution. Their first game, Chhota Bheem Himalayan Game is loved by a community of over 4 million players in India and has frequently ranked the No. 1 game on Google Play. Mech Mocha now has a team of 30+ highly talented artists and engineers who have previously worked on highly regarded games and movies at EA, Zynga, Disney and DreamWorks. Last year, Aditya Jalan – ex-AVP, Product at Myntra and Zomato – joined the team to lead product development.
    Website –
    Link to Game on Google Play Store -
    About Accel

    Accel is a leading early and growth-stage venture capital firm powering a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in 1983, Accel brings more than three decades of experience building and supporting hundreds of companies. Accel has backed a number of iconic global platforms, including Atlassian, BookMyShow, Facebook, Flipkart, FreshDesk, Myntra, Ola-Taxiforsure, Rovio, Slack, Spotify, Supercell, and others. For more information, please visit us at, or on
    About Blume Ventures

    Blume Ventures is an early stage venture fund that backs startups with both fundings as well as active mentoring and support. Our journey began in 2010 with our founding partners having met and being active in one of India’s first institutional angel networks, the Mumbai Angels.  Currently on our second Fund, we back startups through multiple rounds including seed, angel and pre-Series A, leading up to follow-on institutional rounds from larger reputed VCs. We have almost consistently been the most active early stage Indian VC since 2011, funding more than 20 companies per year. Our portfolio consists of more than 70 active companies and we count over 150 high-potential founders.
    About Shunwei

    Shunwei Capital is a premier Chinese venture capital firm specializing in early to growth stage investments in founders and disruptive business models in mobile Internet, IoT, Fin-Tech, Ed-Tech, artificial intelligence and robotics. Shunwei’s investment portfolio includes Xiaomi, Ninebot (Segway), YY, 51Talk, iQiyi, Misfit, Patsnap, DXY, and 17zuoye. Shunwei Capital was founded in 2011 by Jun Lei (also the founder of Xiaomi) and Tuck Lye KOH. It currently manages over USD 2 billion in funds under management.

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    Business Wire India

    On May 1, 2017, High Street Real Estate Fund V, L.P. (the “Fund”) held its final close, reaching its hard cap with total equity commitments of $353 million. Utilizing targeted leverage of 50%, the Fund will seek to acquire approximately $700 million of assets in its target markets.


    High Street Realty Company, LLC (“High Street”) formed the Fund to continue its successful strategy of acquiring smaller warehouse distribution assets in the eastern two-thirds of the United States, with a specific focus on Class A and B infill properties fulfilling regional and “last mile” logistics requirements for its tenants. The Fund targets primary distribution markets, including Chicago, Northern New Jersey, Central Pennsylvania, Atlanta, Florida and Texas.


    The Fund attracted capital from existing investors and several new top-tier, institutional investor relationships. Investors in the Fund include insurance companies, public and corporate pension funds, foundations and other institutional investors from the United States and Europe.


    To date, the Fund has acquired 19 assets that, in aggregate, represent approximately 34% of the Fund’s total commitments. The Fund’s investors are benefiting from the Fund’s focused strategy and High Street’s efficient execution, which allowed for the rapid deployment of a significant portion of the Fund’s capital during the fundraising period.


    Accord Capital Partners LLC, along with its affiliate Accord Europe Limited, served as exclusive global capital advisor to High Street.




    High Street Realty Company, LLC is a recognized private equity real estate investment management company focused exclusively on institutional quality industrial assets in major markets across the eastern two-thirds of the United States. With extensive expertise across all facets of real estate acquisition, finance, development, operations, disposition, portfolio and asset management, it is an experienced, institutional and hands-on operator committed to providing both outstanding service to its tenants and superior risk-adjusted returns to its investors. For further information on the High Street platform, visit:




    With headquarters in San Francisco and additional offices in Chicago and London, Accord Group Holdings LLC (“Accord”) harnesses a powerful combination of capital markets, investment management and principal investment capabilities for a wide variety of participants in the real estate private equity industry globally. Through Accord Capital Partners LLC, its broker/dealer affiliate in the United States, Accord provides advisory and capital raising services to its clients. For further information on Accord, visit:



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    Business Wire India

    Fenergo, the leading provider of Regulatory Onboarding, Entity Data Management and Client Lifecycle Management software solutions for institutional, corporate and private banks, has today announced that the HSBC Group has deployed its award-winning Client Lifecycle Management platform across its Global Banking and Markets division.


    Through implementing Fenergo’s Client Lifecycle Management solution, HSBC is able to digitalize the client onboarding journey across multiple jurisdictions, leveraging a common platform that ensures global compliance, improves operational efficiencies, expedites onboarding times and enhances time to revenue / overall client experience.


    Marc Murphy, Fenergo CEO, said, “We are delighted to welcome HSBC to our growing family of clients. As the global industry standard for Client Lifecycle Management, Fenergo remains at the forefront of the “perfect storm”, protecting financial institutions from the impacts of increasing regulatory demands by working closely with our clients to develop and deliver solutions that improve how and with whom they do business. By integrating with a number of industry and AML data providers, as well as KYC utilities, our solutions can consume, process and route this data to all internal and downstream trading systems. This creates a true single view of the client, enabling a true end-to-end Regulatory Onboarding and Client Lifecycle Management process, all on a single platform. This is what makes Fenergo different”.


    – Ends –


    About Fenergo (


    Fenergo is a leading provider of Client Lifecycle Management software solutions for investment, corporate and private banks. Its solutions help institutions to efficiently manage the end-to-end regulatory onboarding and entity data management processes. Its rules-driven solution ensures compliance with multiple regulatory frameworks and supports the collection, centralization and sharing of client and counterparty data and documentation across the institution. By expediting compliance and improving operational efficiencies, Fenergo’s solutions can onboard clients faster, improve time to revenue and overall client experience. Fenergo’s recent accolades include: Chartis RiskTech100™ (third consecutive year, rising 25 places in 2017); Top Performer in RegTech Performance (Banking Technology / MarketFintech, 2016); Best Compliance Product (Sell-Side Technology Awards 2016), FinTech Forward Company to Watch (American Banker, 2015), Chartis RiskTech100® (2016 and 2015) and Best Enterprise Data Management Initiative (Inside Reference Data, 2014).





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    Business Wire India

    <b>UAE Exchange invites creative minds to be entrepreneurs</b>
    UAE Exchange invites creative minds to be entrepreneurs

    UAE Exchange India invites applications from young, technology-driven aspirants who have innovative ideas to start their own businesses to join our Start-up Incubator. Start-up Incubator has been initiated with the prime motive to boost the aspirant spirit of these entrepreneurs by giving them best possible support to take confident strides ahead.
    Start-up Incubator seeks to handhold aspirants in bringing-up their creative ideas for moulding profitable institutions of the country. Preference will be for candidates interested in Digital, e-Commerce, Data Analytics, Data Mining, SEO and Mobile Applications projects. Candidates with a flair for challenges and innovations are invited to apply for the position to Positioned in the heart of the city with a lavish ambiance, best accessible for interested applicants from any part of the city. Candidates will be mentored with basic facilities to be a successful entrepreneur in future.
    1. Free Office Space with free electricity and other services
    2. Free infrastructure including computer
    3. Free Internet and with high speed lease line
    4. Free Space in cloud to store their data and applications
    5. Free Testing server for their applications
    6. Monthly stipend for first six months to tide over the initial start-up period
    7. Free Mentoring and training depending on requirements and based on availability of resources
    “Start-up Incubator is setup to synergies an ecosystem that brings ideas together to create and develop innovations that could take the nation to the next level,” as shared by V George Antony MD UAE Exchange India.About UAE Exchange India
    UAE Exchange India, one of the pioneers of financial services that has an extensive reach of 376 branches serving a population of 1.25 million people under the proficient support of 3375 employees. The company has been instrumental in providing cost-effective service in Foreign Exchange, Outward Remittance, Money Transfer, Air Ticketing & Tours, Loans, Insurance and Share Trading.

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    Business Wire India

    Following a brilliant first edition in Cannes last year, TRUSTECH Pay, Identify, Connect & Secure – will bring together once again the entire payments and identification ecosystem in the Palais des Festivals de Cannes, 28th to 30th November 2017.


    The event was first held over thirty years ago under the name «Cartes Secure Connexions», to promote the newborn technology of smartcards. In 2016, it is re-named TRUSTECH to better reflect the way the industry and the event have evolved, and its focus on trust-based technologies.


    More than ever, this event is a unique opportunity to meet the whole ecosystem and get an insight into the latest innovations in payments and identification industries.


    350+ exhibitors and sponsors are expected – either to present their latest innovations on their stand or to pitch on the Innovation Stage. Among those who have already confirmed their participation: Be2bill, Dermalog, Ingenico, Matica, NBS Technologies, Next Biometrics, NXP Semiconductors, Otto Kuennecke, Spire Payments, Thales E-Security, Verifone, … and many more!


    250+ international speakers will share their insights – as Chris VALASEK, Security Lead at UBER, who already confirmed his keynote. He will share his vision of the IoT’s future, and how to reconcile connected objects/cars with security.



    • Mobile Payments & Wallets
    • Data Protection & Data-Driven Innovation
    • Biometrics for Authentification
    • Connected Commerce & IoT
    • Securing the IoT


    • PayTech Disruption
    • eID & eGovernment
    • Open Innovation: From Blockchain to Open API
    • AI in Payments and Fintech


    • Commerce & Payments
    • Cyber Security & Fraud Management
    • Regulatory Challenges & PSD2
    • Neo-Banks



    The “Business Beyond Borders” initiative was launched by the European Commission to help small and medium enterprises develop their business internationally. In this context, TRUSTECH was chosen to organize free of charge business meetings for all its attendees (exhibitors, sponsors, visitors and delegates) with more than 3500 international buyers.




    13 000


    FROM 125













    More information and press pass





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    Business Wire India

    In a significant trademark decision, the High Court of Judicature in Bombay, India has ruled against two international firms for illegally infringing on the trademark rights of Andersen Tax, which owns the iconic brand name Andersen in India and other jurisdictions around the world.


    The court ruled in favor of Andersen Tax on April 28, 2017 against International Business Associates (IBA) by imposing a permanent injunction restricting IBA from using the terms “Andersen,” “Arthur Andersen” and confusingly similar trademarks to promote its professional services consultancy.


    Furthermore, the court handed down a preliminary injunction against a French firm known as Arthur Andersen & Co. (formerly known as “Quatre Juillet Maison Blanche”), temporarily prohibiting it from using the trademarks “Andersen” and “Arthur Andersen” to promote consultancy services in India. IBA had aligned itself with the French firm as an affiliate member of its network in India.


    It is the second legal decision in less than six weeks against firms illegally using the Andersen name in affiliation with the French firm. In April, the United States District Court for the Northern District of California entered a consent-injunction prohibiting U.S-affiliate MoHala Enterprises, doing business as Sundial Consulting, from using the terms “Andersen” or “Arthur Andersen” in the United States.


    “Andersen Tax will enforce its legal rights vigorously around the world to protect its ownership of the Andersen name,” said Mark Vorstaz, CEO and Managing Director at Andersen Tax.


    Andersen Tax, which owns multiple trademark filings incorporating the name “Andersen” for tax and legal services in 95 countries, filed suit against International Business Associates in April 2017.





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    Business Wire IndiaPPFAS Mutual Fund, sponsored by Parag Parikh Financial Advisory Services Pvt. Ltd. has launched ‘PPFAS Self Invest’ a mobile application available on Android (Google Play) and iOS (App store).

    Existing investors can register for 'PPFAS Self Invest' after completing a simple One-Time-Password (OTP) based registration process and choosing their Mobile Personal Identification Number (M-PIN) for each Folio.

    Key Features:  
    • Create new Folios
    • Purchase additional units / Redeem units / Switch units between Plans
    • Initiate Systematic Investment Plans online (iSIPs)
    • Have Account Statements sent to their e-mail ID.
    • View the latest Factsheet
    New investors who are KRA/KIN (CKYC) compliant, would be able to create their Folio online. 

    Sections pertaining to Investor Education and Content originating from or disseminated by PPFAS Mutual Fund will be added within the next few months.   

    Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund said,” Keeping the pace in this digitisation era, we are pleased to announce the launch of our new mobile application ‘Self Invest’. The new app will free users from the confines of their desktop and empower new as well as existing investors to seamlessly transact and view their holdings on demand, from their Android and iOS (Apple) enabled devices.”

    “Share of mobile phone users in India is increasing consistently and we are seeing online activity continues to shift to mobile. The new app will provide ease to the existing and new customers while on the go”. Mr. Parikh further added. 
    About PPFAS Mutual Fund
    PPFAS Asset Management Private Limited (PPFAS AMC) has been sponsored by Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS Pvt. Ltd.), a boutique investment advisory firm incorporated in 1992. The Sponsor was amongst India's earliest SEBI Registered Portfolio Management Service (PMS) providers, having secured a license in 1996.
    The company is led by Mr. Neil Parag Parikh, the Chairman and CEO, since May 2015. Prior to that, it was led by the Founder, (Late) Mr. Parag S. Parikh.
    Sponsor: Parag Parikh Financial Advisory Services Private Limited. [CIN: U67190MH1992PTC068970], Trustee: PPFAS Trustee Company Private Limited. [CIN: U65100MH2011PTC221203], Investment Manager (AMC): PPFAS Asset Management Private Limited. [CIN:U65100MH2011PTC220623]
    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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    Business Wire India

    MobiKwik's Supercash helped the company in increasing transactions
    MobiKwik's Supercash helped the company in increasing transactions

    Indian mobile wallet major, MobiKwik today announced that the company has disbursed over Rs. 50 crore worth of Supercash in the months of March and April, 2017. Supercash is industry’s first loyalty initiative that allows users to earn and spend cashback on every transaction.
    Users from Delhi, Mumbai and Bangalore earned maximum Supercash in the period. The initiative was launched in February 2017. The company observed a 28 percent growth in transactions per user along with a 32 per cent improvement in customer retention during this period followed by an increase in the number of transactions per user grown by 17 per cent.

    Supercash initiative has a with connect Indian users who like to do frequent transactions and like savings on every transaction.

    “MobiKwik’s SUPERCASH loyalty initiative is a strategic programme by the company to reach out to our loyal target audience. This initiative helps us to get closer to our daily users; also it gives us the opportunity to give them something in return for being loyal to us. We have seen a massive interest towards this loyalty initiative by MobiKwik, they are finding it an interesting medium to earn money and get benefits on every transaction. We are very excited with the response we have received and hope to grow bigger by the day” says Mr Daman Soni, Vice President for Growth, MobiKwik.

    Users can make huge savings on their transactions at Big Bazaar, Central, Petrol pumps, Relaxo, Bata, Needs store etc starting today. MobiKwik currently powers payments for IRCTC, NHAI, Meru Cabs, Big Bazaar, MakeMyTrip, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly among others.About MobiKwik

    MobiKwik is an Indian wallet major with a network of more than 15 lakh direct merchants and over 55 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments and Net1.

    The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for NHAI, Bharat Petroleum, Indian Oil, Amul, Verka, IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip.

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    Business Wire India

    The finalists for 2017 Benzinga Global Fintech Awards have been announced and Finvasia has been nominated as a finalist for this premier award event. Finvasia is India’s only Fintech company to be nominated as Finalist for these awards. As an Exhibitor of this event, the company will be showcasing its upcoming Artificial Intelligence based products SMART and SCALPERT, an advanced Charting and Trading platform during the demo sessions. This event will also see the company becoming India’s first and only NSE commercial clearing member that offers ZERO Clearing and Trading services all Foreign Portfolio Investors (previously known as FPIs, Foreign Institutional Investor).

    In its third year, Benzinga Global Fintech Awards are dedicated to celebrate the accomplishments of the disruptive businesses and innovators reshaping the capital markets around the world. With over 350 nominations, the winners will be selected by a panel of expert judges from a pool of 225 finalists. The finalists will be ranked by the judging panel, comprising of over 30 leaders from every Fintech vertical, in terms of how innovative their products are and their potential to reshape the finance industry.

    Winners will be announced at the event on 11th of May, 2017. Over 500 Fintech influencers and innovators will gather in New York City to celebrate the achievements of the dynamic people and Fintech businesses from across the globe. Various executives from Press and Media such as WSJ, Forbes, Business Insider, Entrepreneur, Bloomberg, CNBC as well as various Venture Capitalists, PE and industry leaders will grace the event. 50 Fintech companies will exhibit their products and offering to an audience of Founders, C-Suite executives, directors of some of the biggest Fintech companies, brokerages, banks, Quants, hedge funds, VCs and more. The conference with commence with panel discussions and product demo sessions by few Fintech companies, followed by the awards ceremony and networking dinner.

    Speaking about the event, Tajinder Singh (Natty Virk) CEO and Sarvjeet Singh Virk, (Managing Director) Finvasia said “We’re pleased and excited to be part of the Benzinga Fintech Awards. The event will provide us a strong voice and vital network to show the global Fintech community how digital India is transforming the financial sector. With more retail investors looking to diversify their portfolio, AI and Robo-advisory combined with machine learning tools shall widen their options to new opportunities. We plan to exhibit and give demo of our various Fintech products ranging from digital account, in-house charting & trading software along with other AI based platforms. The best part is Everything at Zero commission”.

    India being one of the fast moving Fintech spaces, we are looking forward to see the innovation and disruptive ideas to be shared. Our mission is to bring together the most provocative thought leaders, innovative start-ups, and global superpowers to discuss & showcase the changes that are rapidly transforming capital markets. The event is even larger this year with over 200 start-ups in attendance and an array of innovative institutions”, said Jason Raznick, CEO Benzinga.

    2017 Benzinga Global Fintech Awards planned at Tribeca 360, New York City (USA) on 11th May 2017, will host various speakers and special invitees from the financial industry across the globe. 

    About Finvasia

    Finvasia is India’s first Fintech offering Zero Bokerage and Zero Clearing trading account using SEBI approved Aadhaar based process. With offices in Mississauga (Canada), London (UK), Chandigarh (India), we act as one stop shop for various Hedge Funds, Fund of Funds, FPIs by providing Pre/Post registration with DDP to Clearing, Trading, Advisory, Compliance and Accounting services. Our comprehensive suite of products and services help us cater to almost any and all needs of an FPI, starting from getting FPI approval, trading services, to filing for your taxes and getting repatriation certificates.

    Being a Foreign Institutional Investor since 2011, the company has hands-on experience registering various FPI along with providing highly competitive brokerage plans and other costs from various entities involved. We are registered as Commercial Clearing and Trading Member of National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE) and a Trading Member of Multi Commodity Exchange of India (MCX). We act as Depository Participant with CDSL and filled application for Non-Banking Financial Corporation (NBFC) with approval expected shortly. Additionally, we were registered as a Foreign Institutional Investor (FII) with Securities Exchange Board of India and as an Investment Advisor with Securities and Exchange Commission, USA.
    • Finvasia received Foreign Direct Investment (FDI) funding from global Venture Capitalists against a valuation of USD 22 Million in our pre-launch phase.
    • Beginning 15th August 2016, Finvasia established itself as India’s first and only broker that offers Brokerage Free trading to retail clients. The company offers Zero brokerage trading in all segments on NSE, BSE, MCX exchanges
    • The company is India’s first Clearing House providing FREE Clearing services to all FPI Clients in NSE derivative segments.
    • Finvasia introduced India’s fastest account opening process that takes 5 Minutes to open an account using SEBI approved esign process.
    • The company will be shortly launching its Artificial Intelligence based products: SMART and SCALPERT
    About Benzinga Global Fintech Awards

    Designed to uncover the most innovative companies within the financial technology capital markets sector, the Benzinga Fintech Awards provide winning finalists with new opportunities for growth and exposure. For the 2017 finalists list, please visit

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    Business Wire India

    EIG Global Energy Partners (EIG) announced the successful final close of Global Private Debt Fund (GPF IV), a continuation of the firm’s market-leading platform for energy and infrastructure credit and direct lending. Launched in February 2015, GPF IV had a first closing in October 2015 and has completed five investments to date, including two full realizations. Funds raised from institutional investors domiciled outside of the US represent 68% of capital commitments, reflective of the global nature of EIG’s business. With the closing of GPF IV, EIG continues its unique expertise in specialized direct lending to energy and energy-related infrastructure projects and companies on a global basis.


    EIG CEO R. Blair Thomas said, “We are pleased by the trust our limited partners and consultant partners have placed in us and grateful for their confidence at the close of GPF IV. This successful outcome is notable particularly in light of the 71% decline in the price of oil that occurred in the midst of fundraising and is a testament to EIG’s unique expertise in specialized direct lending across the energy value chain globally. With EIG’s deep origination platform, we believe that we are well-positioned to meet the continued demand for capital for energy infrastructure and to continue to fill the void left by traditional lenders operating under regulatory constraints. We believe that strong market fundamentals are encouraging additional investment, and with our seasoned team, track record and expansive global platform, EIG is poised to take advantage of the many opportunities that our market currently affords.”


    EIG’s lead placement agent for GPF IV was Credit Suisse and legal counsel was Debevoise & Plimpton LLP.


    About EIG


    EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure on a global basis and has $15.1 billion under management as of March 31, 2017. Since 1982, EIG has been one of the leading providers of institutional capital to the global energy industry, providing financing solutions across the balance sheet for companies and projects in the oil and gas, midstream, infrastructure, power and renewables sectors globally. EIG has invested $23.7 billion in 317 portfolio investments in 36 countries. EIG is headquartered in Washington, D.C., with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, please visit



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