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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | November 2023
Chancellor Jeremy Hunt has announced a £320m plan to drive innovation and unlock the first tranche of investment under the Mansion House Reforms, including measures to build on the Venture Capital Investment Compact and further strengthen the UK’s venture capital industry.
The plans include new investment vehicles tailored to the needs of pension schemes and a new Growth Fund, to be established within the British Business Bank, which will give pension schemes access to new investment opportunities.
Mr Hunt said: “Innovation is the key to our future success as a nation and it's vital that we do all we can to help companies start, scale and grow in the UK. Tomorrow’s Autumn Statement will be a huge step towards delivering our Mansion House Reforms and unleashing the full potential of our pensions industry.”
In addition, a further 50 companies have signed up to the Venture Capital Investment Compact, which was launched by the British Private Equity and Venture Capital Association (BVCA) in October 2023 with the aim of unlocking greater DC pension investment in high-growth companies.
The Association’s initiative builds on the Mansion House Compact which is a voluntary agreement between nine of the UK’s largest DC pension fund providers committing an allocation of at least 5 per cent of their default funds to unlisted equities by 2030.
This latest expansion to the BVCA vehicle brings the number of capital and equity firms involved to 70.
The Association emphasised that the support of the government and regulators will be essential in enabling the unlocking of capital to achieve enhanced returns for pension savers. The Association is urging the Chancellor to encourage consolidation of the pensions sector into fewer, larger schemes to better facilitate the increase of pension investment into UK businesses.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
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The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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