BlackRock Boosts Fink’s Pay 21% to $36 Million for Last Year
BlackRock Inc. raised Chief Executive Officer Larry Fink’s total pay to $36 million for 2021, a 21% increase over the previous year. Fink received a $1.5 million base salary, $11.3 million bonus, $18.4 million of long-term incentive awards and deferred equity of $4.9 million, the New York-based money-manager said Thursday in its annual proxy filing. […]
Tiger Global makes $30m investment in Waresix
Tiger Global Asset Management has invested $30 million in Indonesian logistics startup Waresix, according to DealStreetAsia. The report cites regulatory filings for the information saying that the investment is part of larger Series B1 round being led by the New York-based investment firm. As a rebuilt of the investment, Tiger Global’s stake in Waresix is […]
Salsify closes $200m investment led by TPG
Salsify, the Commerce Experience Management (CommerceXM) platform, has closed a $200 million Series F round of financing led by TPG, a global alternative asset management firm. The round, which includes investments from Permira’s Growth Opportunities Fund, Neuberger Berman Funds, and Cap Table Coalition, brings Salsify’s valuation to $2 billion. The new funding follows Salsify’s $155 […]
MedTrainer Announces $43 Million Series B Funding Round Led by Vista Equity Partners
MedTrainer, healthcare’s leader in credentialing, training, and compliance management, today announced a $43 million Series B investment led by Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses. Existing investor Telescope Partners also participated in the round. The investment will be leveraged to accelerate MedTrainer’s growth trajectory through talent acquisition, product expansion, […]
BlackRock, Mubadala to invest $526 mln in Tata Power’s renewable energy unit
India’s Tata Power Company said on Thursday that BlackRock Real Assets and Abu Dhabi’s Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company’s renewable energy unit for a 10.53% stake. Tata Power Renewables is targeting a portfolio of over 20 gigawatts (GW) of renewables assets over the next five years, from 4.9 […]
Celebrities backed by private equity to build consumer and tech brands
Fund group Azimut joins Hollywood investors seeking to find deals through the famous Private equity investors are putting their money behind celebrities, betting on their star power and connections to uncover new opportunities and boost early-stage companies in need of exposure. The latest deal was announced on Tuesday when a $12bn fund controlled by the […]
Goldman Sachs and B Capital lead $200m Newfront investment
Newfront, the modern insurance brokerage platform, today announced a $200 Million investment at a $2.2bn valuation led by the Growth Equity business within Goldman Sachs Asset Management and B Capital with participation from existing investors including Founders Fund and Meritech Capital. Newfront plans to grow its technology teams and focus in particular on harnessing data-driven insights for clients. The […]
TagEnergy receives €450m PE capital injection
Energy storage developer TagEnergy has received a €450m capital injection to support delivery of its 2700MW portfolio of projects in Europe and Australia. Mirova, a French sustainable asset manager, and affiliate of Natixis Investment Managers, and Omnes, a private equity and infrastructure investor made the investment. The €450m capital injection will drive the initial delivery […]
KKR Hires Ford Motor Veteran Pamela Alexander to Oversee Philanthropy
KKR & Co. hired Ford Motor Co.’s Pamela Alexander to oversee the private equity firm’s corporate citizenship and philanthropy programs. Alexander, 54, will be based in New York and also work with KKR’s portfolio companies, according to an emailed statement. She succeeds Ali Hartman, who left to oversee responsible investment at Tiger Global Management. In […]
Thoma Bravo Makes Additional Investment in Imprivata to Fund SecureLink Acquisition
Thoma Bravo today announced that it has made an additional strategic investment in its portfolio company Imprivata, a digital identity company for mission- and life-critical industries, to fund Imprivata’s acquisition of SecureLink, the leader in critical access management with elite patient privacy monitoring. Upon closing, Cove Hill Partners, SecureLink’s existing majority investor, will retain a minority stake in […]
