BlackRock Impact Opportunities Fund Targets $1bn
BlackRock has secured more than $800 million in initial commitments toward its $1 billion target for the BlackRock Impact Opportunities Fund. This new fund, the first multi-alternatives strategy of its kind, is already beginning to invest in businesses and projects owned, led by, or serving people of color, with a particular focus on Black, Latinx, […]
BlackRock’s Star Trader Goes Net Short as Hedge Fund Loss Mounts
BlackRock Inc. star money manager Alister Hibbert has turned bearish as his hedge fund endures its worst-ever losses amid a sharp decline in stocks. The BlackRock Strategic Equity Hedge Fund tumbled 13% this year through April, a person with knowledge of the matter said. That exceeds its worst annual decline of 11%. The money manager, […]
Advent to Debut in CLO Market with Apollo’s Seed Funding
Advent Capital Management is launching a platform to manage collateralized loan obligations after receiving seed funding from investing giant Apollo Global Management Inc. The $1 trillion CLO market — the biggest buyers of leveraged loans — has seen some mergers recently. Carlyle Group Inc. agreed to buy Todd Boehly’s investment shop, CBAM Partners LLC, for […]
Arcadia Raises $200 Million Led by J.P. Morgan’s Sustainable Growth Equity Team
WASHINGTON – May 10, 2022 – Arcadia, the technology company empowering energy innovators to fight the climate crisis, today announced the raise of a $200 million funding round. The round was led by an inaugural investment from J.P. Morgan Asset Management’s (NYSE: JPM) Sustainable Growth Equity Team. The financing will help accelerate the impact of Arcadia’s data and API platform, Arc, by […]
Apollo pushes into funds for wealthy investors
Apollo executives said the firm hired 125 people for its global wealth business in the first quarter Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset giant to set its sights on the fundraising potential of the so-called retail market. The New York firm […]
Capital Dynamics closes Future Essentials II Fund at EUR300m target
Capital Dynamics, an independent global private asset management firm, has held the final close of Capital Dynamics Future Essentials II (Future Essentials II) with EUR300 million in commitments. The fund is managed by a multinational investment team in North America, Europe and Asia and invests in high quality, limited access private equity primary funds, particularly […]
Issa Brothers Look to Pile Debt on Asda to Fund Boots Buyout
The owners of Asda Group Ltd. are considering piling debt onto the supermarket chain to raise the money to buy Boots, another fixture on U.K. high streets. Brothers Zuber and Mohsin Issa, alongside TDR Capital LLP, have discussed saddling the supermarket with as much as 4.5 billion pounds ($5.6 billion) of additional debt, on top […]
Neo Financial becomes Calgary’s latest US$1B tech ‘unicorn’
Calgary’s tech community can boast another “unicorn” with fintech company Neo Financial’s close of a funding round that values the startup at more than $1 billion. Neo Financial — which was founded in 2019 by Andrew Chau and Jeff Adamson, co-founders of food delivery app Skip the Dishes, as well as Kris Read — announced Thursday that it has […]
Rocky ride ahead for Norway’s $1.2 trillion wealth fund
Norway’s $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday. Of all the risk factors, stagflation was “the worst”, Tangen said, adding it could potentially lead to a 40% fall in the fund and that it was […]
Temasek Holdings commits $162.5 mn in Zomato-backer Info Edge’s three funds
Singapore state investment firm Temasek Holdings has announced an investment of $162.5 million (Rs 1,245 crore) in three funds owned and managed by Info Edge (India) Ltd, which owns and operates portals such as job site Naukri.com and real estate broking platform 99acres.com. The Temasek arm will invest $50 million (around Rs 383 crore) in […]
