MassMutual International Completes Sale of MassMutual Asia to Yunfeng FG and Several Asia-Based Investors

MassMutual International LLC (MassMutual International) – Massachusetts Mutual Life Insurance Company’s (MassMutual) holding company for its international operations – and Yunfeng Financial Group (Yunfeng FG, HKSE: 376) announced today the completion of the sale of Hong Kong-based MassMutual Asia Ltd. (MassMutual Asia) to Yunfeng FG and several Asia-based investors. With this transaction, which was originally announced on August 17, 2017 when the two companies and the other investors signed the agreement, MassMutual International will receive approximately USD 1.01 billion in cash (HKD...

MassMutual Ventures Launches USD 50 Million Fund for Investments in Southeast Asia

Widening its investment reach, MassMutual Ventures (MMV) announced today the establishment of a USD 50 million fund – MassMutual Ventures Southeast Asia (MMV SEA) – which will make investments in 10 to 15 startup companies throughout the region over the next three years. MMV SEA, based in Singapore, is targeting Series A and Series B round investments in digital health, fintech, insurtech and enterprise software. MMV SEA’s funding is being provided through the general investment account of parent...

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