Funds

Many Middle East investors have talked about deals in the last 12 months with Chinese venture capital funds, according to three Chinese firms with U.S. dollar-denominated funds, which requested for anonymity.Although the money isn't completely replacing U.S. investment, it's expected to account for about 20% of all U.S. dollar funding by Chinese venture capital firms, one of the sources estimated.The eight largest Middle East sovereign wealth funds had more than $3 trillion in combined total assets as of last year, according to the latest estimates available from Preqin.Saudi Foreign Minister...

Vendors prepare products at a store painted with Venezuelan and U.S. flags in Maracaibo September 12, 2008. REUTERS/Isaac Urrutia/File PhotoCARACAS/MADRID/NEW YORK, June 15 (Reuters) - Small funds and investors outside the United States are looking to increase their exposure to Venezuelan bonds, on the expectation of debt renegotiations or of legal action tied to a looming expiry of repayment rights, investors and four financial sector sources said.Many of the bonds are trading at pennies on the dollar after a default in 2017, compounded by 2018 sanctions from Washington that barred...