CICC, Huatai Exit Black Sesame’s Share Placement Deal to Infini

Two placement agents — China International Capital Corp. and Huatai International — withdrew from a share placement for Infini Capital Management after authorities raided the hedge fund's offices last week. The withdrawals increase the likelihood the placement will be delayed or canceled and amplify regulatory and funding risk for Infini, potentially constraining its liquidity and capital-raising options in the near term.

Analysis

Two placement agents — China International Capital Corp. and Huatai International — withdrew from a share placement for Infini Capital Management after authorities raided the hedge fund's offices last week. The withdrawals increase the likelihood the placement will be delayed or canceled and amplify regulatory and funding risk for Infini, potentially constraining its liquidity and capital-raising options in the near term.