Trusted Insighthttp://thetrustedinsight.com/2020-12-08T16:05:25.696528-05:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
GetAccept Closes $7M Series A Funding Round Led By DN Capital
2020-12-08T16:05:25.696528-05:00https://www.thetrustedinsight.com/investment-news/getaccept-closes-7m-series-a-funding-round-led-by-dn-capital-LpncgznyKodUa4EHdxD4K-20201208309/
GetAccept today announced it has raised a $7 million Series A funding round led by DN Capital, with participation from BootstrapLabs, Y Combinator and a number of Spotify's early investors including the former CFO of Spotify, Peter Sterky.
Coronavirus Crisis Is Redefining Role Of Private Equity CFOs
2020-08-20T10:02:05.543423-04:00https://www.thetrustedinsight.com/investment-news/coronavirus-crisis-is-redefining-role-of-private-equity-cfos-20200820346/
The Covid-19 outbreak is changing the way that businesses around the world operate – and private equity is no exception. As consequences of the pandemic set in, firms are beginning to embrace technology and automation, pushing the role of the CFO firmly from the backroom out onto the shop floor.
Sears Inks $200M Credit Line From CEO Eddie Lampert's Hedge Fund
2017-07-19T10:46:47.091934-04:00https://www.thetrustedinsight.com/investment-news/sears-inks-200m-credit-line-from-ceo-eddie-lamperts-hedge-fund-20170719063/
Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, according to a Monday filing with the Securities and Exchange Commission. On July 13, Lampert's ESL Partners entered into a short-term line of credit loans, which carry a maturity date of 151 days and a fixed interest rate of 9.75 percent per year, Sears said. "This facility is intended to provide the Company with the flexibility to generate additional liquidity on an as-needed basis," Sears CFO Rob Riecker said in a statement. "This adjustment to our capital structure demonstrates that...
VSCP Hires Two As GP And Another As CFO
2017-01-10T14:34:51.291273-05:00https://www.thetrustedinsight.com/investment-news/vscp-hires-two-as-gp-and-another-as-cfo-20170110271/
Vesey Street Capital Partners, a middle-market healthcare-focused private equity firm, has hired Larry Marsh and David De Luca as general partners. Also, the firm has named Bryan Sekino as chief financial officer. Previously, Marsh was executive vice president of new market development and chief strategy officer at AmerisourceBergen while De Luca worked at Morgan Stanley where he was a managing director and head of U.S. institutional equity sales in New York and other regions. And, Sekino worked at Brant Point Capital Management.
Cannabis Tech Platform MassRoots Taps PE Exec As CFO
2016-12-22T12:23:28.303139-05:00https://www.thetrustedinsight.com/investment-news/cannabis-tech-platform-massroots-taps-pe-exec-as-cfo-20161222833/
MassRoots, Inc. (OTCQB:MSRT), one of the leading technology platforms for the cannabis industry, is pleased to report it has recruited Robert “Bob” Pullar as Chief Financial Officer. Since November 2006, Mr. Pullar has served as Managing Director of Axis Private Equity Group, LLC, an investment firm focused on making equity investments in well-managed, profitable companies. He has negotiated leveraged buyouts, management buyouts, recapitalizations and equity investments with privately held businesses and subsidiaries or divisions of public companies.
Calpers Staff Says Pension Should Lower Return Target To 7%
2016-12-21T10:48:18.673942-05:00https://www.thetrustedinsight.com/investment-news/calpers-staff-says-pension-should-lower-return-target-to-7-20161221746/
<p>The California Public Employees’ Retirement System, the largest U.S. pension plan, should reduce its assumed return rate to 7 percent from 7.5 percent over the next three years amid long-term projections for slow growth and unfavorable demographics, according to its chief financial officer.</p>
<p>Cheryl Eason, CFO for the $303 billion retirement system, proposed starting with a reduction to 7.375 percent in fiscal 2017-2018 that will allow agencies to prepare for the change in the fiscal year starting June 30, with additional target reductions to follow.</p>
Adams Street Partners Names Nuveen's Amboian To Board Of Directors
2016-11-17T11:28:03.599361-05:00https://www.thetrustedinsight.com/investment-news/adams-street-partners-names-nuveens-amboian-to-board-of-directors-20161117416/
Global private equity manager Adams Street Partners has appointed Nuveen non-executive chairman John Amboian to its board of directors. The appointment is effective March 2017, according to the company. Amboian will replace long-serving director A. Bart Holaday, who is retiring. Amboian has more than three decades of experience across the financial and consumer industries. He is currently non-executive chairman of Nuveen Investments and previously held the position of chairman and CEO from 2007 through early 2016. Amboian joined Nuveen in 1995 and served as the CFO until 1999, when he was appointed the firm’s president. Prior to joining Nuveen, Amboian...
Former Valeant CEO, CFO Focus Of U.S. Criminal Probe; Shares Fall Anew
2016-11-01T15:00:18.356571-04:00https://www.thetrustedinsight.com/investment-news/former-valeant-ceo-cfo-focus-of-us-criminal-probe-shares-fall-anew-20161101633/
The former CEO and CFO of Embattled Canadian pharmaceutical company Valeant, a core holding of Bill Ackman's hedge fund Pershing Square Capital Management, are reportedly the focus of U.S. prosecutors as they explore whether to bring a fraud case against the drugmaker.
Metropolitan State Loses Least In Tough Year For College Endowments
2016-10-18T11:52:58.405463-04:00https://www.thetrustedinsight.com/investment-news/metropolitan-state-loses-least-in-tough-year-for-college-endowments-20161018769/
Metropolitan State University’s endowment bested six other Colorado colleges and universities in a poll by BusinessDen, keeping its losses to less than a percentage point in a year when even Harvard’...
Soundtrap Secures $6M Series A Round Funding To Embark On New Markets
2016-10-11T10:30:46.300684-04:00https://www.thetrustedinsight.com/investment-news/soundtrap-secures-6m-series-a-round-funding-to-embark-on-new-markets-20161011377/
<p>The Series A round was led by Nordic VC firm Industrifonden, with participation from existing owners and additional new investors including Peter Sterky, former CFO and COO of Spotify.</p>
Cloud-Based Music Recording Studio Soundtrap Raises $6M In Series A Round
2016-10-11T10:27:40.288707-04:00https://www.thetrustedinsight.com/investment-news/cloud-based-music-recording-studio-soundtrap-raises-6m-in-series-a-round-20161011373/
Soundtrap, the online music and audio recording studio, has announced it has raised $6 million in a Series A round led by Nordic VC firm Industrifonden, with existing investors and former CFO of Spotify Peter Sterky contributing to the round. This brings the total amount raised by the startup to $8.5 million.
Intel Names Private Equity Vet Bob Swan New CFO - Tech Trader Daily
2016-09-20T14:12:43.961385-04:00https://www.thetrustedinsight.com/investment-news/intel-names-private-equity-vet-bob-swan-new-cfo-tech-trader-daily-20160920419/
Shares of chip giant Intel (<a href="http://www.barrons.com/quote/stock/INTC">INTC</a>) are up 7 cents at $37.23, in late trading, after <a href="http://www.intc.com/releasedetail.cfm?ReleaseID=989954&ReleasesType=Corporate%20News">the company said</a> it named private equity partner Robert “Bob” Swan, of General Atlantic, as its new chief financial officer, taking over that role from Stacy Smith, who had already moved to running sales and operations under CEO Brian Krzanich.
Former CFO Of American Realty REIT Is Arrested, SEC Sues Two
2016-09-08T12:44:08.867419-04:00https://www.thetrustedinsight.com/investment-news/former-cfo-of-american-realty-reit-is-arrested-sec-sues-two-20160908826/
The former chief financial officer of American Realty Capital Properties Inc has been arrested, a spokesman for U.S. Attorney Preet Bharara in Manhattan said on Thursday.
Cold Mountain Capital Recruits Bergen As CFO
2016-08-18T12:31:10.545793-04:00https://www.thetrustedinsight.com/investment-news/cold-mountain-capital-recruits-bergen-as-cfo-20160818884/
Cold Mountain Capital has named Anthony Bergen as chief financial officer. His appointment is effective immediately. Previously, Bergen worked at Cold Mountain’s sister company Stony Point Group Inc.
Ex-Baylor Scott & White CIO Named University Treasurer
2016-08-04T13:20:05.549424-04:00https://www.thetrustedinsight.com/investment-news/ex-baylor-scott-white-cio-named-university-treasurer-20160804082/
Mark Amiri has joined Washington University in St. Louis nearly four months after leaving the health care fund....
Real Estate Boosts Blackstone's Profits In Q2
2016-07-27T14:38:34.538455-04:00https://www.thetrustedinsight.com/investment-news/real-estate-boosts-blackstones-profits-in-q2-20160727645/
While the fund manager’s overall revenues fell by 3 percent in the quarter compared to a year ago, to $1.19 billion, the real estate division’s revenue grew by 35 percent to $440 million. Its real es...
Ford & Sequoia invest $25 million into India startup Zoomcar
2016-07-26T13:31:23.079495-04:00https://www.thetrustedinsight.com/investment-news/ford-sequoia-invest-25-million-into-india-startup-zoomcar-20160726567/
The round would be big news for India as Ford expands its investments into a portfolio for next generation cars...
Providence-Backed Edtech Company Blackboard Appoints Mayr As CFO
2016-07-15T11:40:10.098664-04:00https://www.thetrustedinsight.com/investment-news/providence-backed-edtech-company-blackboard-appoints-mayr-as-cfo-20160715034/
Blackboard Inc, a portfolio company of Providence Equity Partners, has named Lisa Mayr as chief financial officer.
U.S. Pension Funding Levels to Deteriorate, Moody’s Says
2016-07-14T11:16:38.745442-04:00https://www.thetrustedinsight.com/investment-news/us-pension-funding-levels-to-deteriorate-moodys-says-20160714954/
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com....
HFA CFO Departs After A Month
2016-06-30T11:00:16.145914-04:00https://www.thetrustedinsight.com/investment-news/hfa-cfo-departs-after-a-month-20160630306/
The chief financial officer of ASX-listed hedge fund portfolio management holding company HFA is departing after a month at the firm.
Warburg Pincus Hires Ex-Deutsche Bank CFO Stefan Krause As Advisor
2016-06-15T10:54:34.006346-04:00https://www.thetrustedinsight.com/investment-news/warburg-pincus-hires-ex-deutsche-bank-cfo-stefan-krause-as-advisor-20160615529/
<p class="bb-that-category__text" style="line-height: 20.8px;"><span style="line-height: 1.6;">Ex-Deutsche Bank AG Chief Financial Officer Stefan Krause is joining Warburg Pincus LLC as a senior adviser, the second former executive of the lender to be hired by a buyout firm in the past year.</span></p>
<div> </div>
There Has Been A Big Change At A Hedge Fund Launched By Former JPMorgan Traders
2016-06-09T14:04:51.324558-04:00https://www.thetrustedinsight.com/investment-news/there-has-been-a-big-change-at-a-hedge-fund-launched-by-former-jpmorgan-traders-20160609192/
New York-based Linden Advisors appointed Vincent Leva, its former director of operations, to CFO at the start of this month.
Apollo Commercial Real Estate Names New CFO
2016-05-23T15:55:06.223317-04:00https://www.thetrustedinsight.com/investment-news/apollo-commercial-real-estate-names-new-cfo-20160523115/
<span style="line-height: 20.8px;">Jai Agarwal will become CFO </span>
Real Estate Firms Turn To Alternative Lenders To Ride Out Volatility Wave
2016-05-11T15:00:43.974223-04:00https://www.thetrustedinsight.com/investment-news/real-estate-firms-turn-to-alternative-lenders-to-ride-out-volatility-wave-20160511309/
Faced with a “choppy market,” RXR Realty and Westbrook Partners turned to a non-traditional lender for help in buying a property in the Brooklyn Navy Yards last fall. “Banks looking at development at the time were kind of recoiling,” Michael Maturo, president and CFO of RXR, said during a panel at Weiser Mazars’ Commercial Real Estate Summit on Tuesday.
Where Old-School Indian Business Dynasties Are Doubling Down
2016-04-19T10:06:05.212774-04:00https://www.thetrustedinsight.com/investment-news/where-old-school-indian-business-dynasties-are-doubling-down-on-family-20160419026/
Like father, like son — or daughter. This is often the way of India, where in a nation of 1.4 billion, only a few families’ names seem to be stamped on everything.
Stanford Endowment's Finance Chief Retires In Latest Departure
2016-04-18T16:14:04.527687-04:00https://www.thetrustedinsight.com/investment-news/stanford-endowments-finance-chief-retires-in-latest-departure-20160418011/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Yale Adds Wells Fargo CFO To Endowment Investment Committee
2016-04-13T17:04:12.972800-04:00https://www.thetrustedinsight.com/investment-news/yale-adds-wells-fargo-cfo-to-endowment-investment-committee-20160413904/
Ann Miura-Ko, a co-founder of Palo Alto, California-based venture fund Floodgate, joined Yale's 10-person investment committee along with John Shrewsberry, a banking veteran at Wells Fargo who is loc...
Canadian Real Estate “Pretty Strong”, According To REALpac CFO
2016-04-13T15:00:36.676567-04:00https://www.thetrustedinsight.com/investment-news/canadian-real-estate-fundamentals-pretty-strong-realpac-cfo-says-20160413893/
Nancy Anderson, CFO and vice president of the Real Property Association of Canada (REALpac), joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at...
Canadian Real Estate Market “Pretty Strong,” REALpac CFO Says
2016-04-13T11:29:23.696902-04:00https://www.thetrustedinsight.com/investment-news/canadian-real-estate-market-pretty-strong-realpac-cfo-says-20160413867/
REALpac represents Canada’s owners and managers of investment real estate. Anderson offered an overview of the health of Canada’s real estate investment market. Overall, real estate fundamentals are “pretty strong” in most regions, Anderson said.
Cornell Endowment CIO to Depart
2016-03-29T10:51:28.722388-04:00https://www.thetrustedinsight.com/investment-news/cornell-endowment-cio-to-depart-20160329356/
Edwards has spent eight years at the $6 billion endowment,
first joining as a senior investment officer. He was then named CIO in May
2012....
Manny Roman Handed First Pay Rise At Man Group
2016-03-19T17:00:18.762469-04:00https://www.thetrustedinsight.com/investment-news/manny-roman-handed-first-pay-rise-at-man-group-20160319860/
CEO sees first salary hike since joining in 2010, as bonuses for him and CFO of $78 billion hedge fund manager rose in 2015
Naylor Appoints Jim Naylor CFO Of AIM Aerospace
2016-03-10T14:30:22.622508-05:00https://www.thetrustedinsight.com/investment-news/naylor-appoints-jim-naylor-cfo-of-aim-aerospace-20160310329/
Liberty Hall Capital Partners (“Liberty Hall”), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, today announced the appointment of Jim Naylor as Senior Vice President and Chief Financial Officer and Robert Murdock as Senior Vice President of Business Development of AIM Aerospace.
Sask Venture Capital, Private Equity Firms Invested $283M In 2015
2016-03-04T11:00:11.301697-05:00https://www.thetrustedinsight.com/investment-news/sask-venture-capital-private-equity-firms-invested-283m-in-2015-20160304931/
Saskatchewan venture capital and private equity firms invested about $283 million in the province last year, more than the $179 million invested in Manitoba in 2015, according to the Canadian Venture Capital and Private Equity Association (CVCA).
Arizona Pension Names CIO
2016-03-01T13:55:59.240940-05:00https://www.thetrustedinsight.com/investment-news/arizona-pension-names-cio-20160301754/
The Arizona State Retirement System (ASRS) has named Karl Polen CIO following the departure of longtime chief Gary Dokes....
Fortis Deal Spells End Of Sleepless Nights For ITC CEO Joe Welch
2016-02-29T15:30:10.148816-05:00https://www.thetrustedinsight.com/investment-news/fortis-deal-spells-end-of-sleepless-nights-for-itc-ceo-joe-welch-20160229708/
Bloomberg - ITC Holdings Corp. CEO Joe Welch is looking forward to the end of sleepless nights he blames on hedge funds. The sale of the Novi-based power-line operator to Fortis Inc. means ITC’s business will be protected in a bigger, more diverse company whose stock won’t be so vulnerable to manipulation by short-sellers, according to Welch. ITC, the only publicly traded U.S. company whose sole assets are transmission lines, had watched its valuation languish over the last three years on
Aria Systems Raises $50M Investment To Meet Growing Global Demand For Enterprise Monetization Solutions
2016-02-26T16:00:12.352744-05:00https://www.thetrustedinsight.com/investment-news/aria-systems-raises-50m-investment-to-meet-growing-global-demand-for-enterprise-monetization-solutions-20160226579/
Aria Systems, which helps enterprises grow recurring revenue, today announced it has raised $50 million in new capital. Existing investors Bain Capital Ventures, Hummer Winblad Venture Partners, InterWest Partners, Venrock and VMware are joined by new investors Rembrandt Venture Partners, Madison Bay Capital Partners and Hercules Technology Growth Capital.
Sam Altman, Paul Buchheit, Ali Rowghani, On Revamped Y Combinator
2016-02-10T09:30:20.432591-05:00https://www.thetrustedinsight.com/investment-news/sam-altman-paul-buchheit-ali-rowghani-on-revamped-y-combinator-1-20160210815/
After 10 years of teaching startups to find product-market fit then grow like crazy, Y Combinator is finally following its own playbook.
Sam Altman, Paul Buchheit, Ali Rowghani, On Revamped Y Combinator
2016-02-07T15:30:11.801182-05:00https://www.thetrustedinsight.com/investment-news/sam-altman-paul-buchheit-ali-rowghani-on-revamped-y-combinator-20160207656/
After 10 years of teaching startups to find product-market fit then grow like crazy, Y Combinator is finally following its own playbook.
Pritzker Group And Other Wealthy Families Skip PE Firms To Invest Directly
2016-01-26T12:12:10.185045-05:00https://www.thetrustedinsight.com/investment-news/pritzker-group-and-other-wealthy-families-skip-pe-firms-to-invest-directly-20160126991/
Traditionally, wealthy families served as limited partners in private equity firms, which in turn backed portfolio companies. But over the last several years, family offices have begun hiring private...
Pritzker Group And Other Family Offices Skip PE Firms To Invest Directly
2016-01-22T13:18:21.432574-05:00https://www.thetrustedinsight.com/investment-news/pritzker-group-and-other-family-offices-skip-pe-firms-to-invest-directly-20160122921/
<p style="line-height: 18.9091px;">Traditionally, wealthy families served as limited partners in private equity firms, which in turn backed portfolio companies. But over the last several years, family offices have begun hiring private equity professionals so they can invest in portfolio companies directly.</p>
<p style="line-height: 18.9091px;">Not only do family offices gain more control over their investments, but they also skip the management fees previously paid to PE firms. Direct investing is expected to continue. “Family offices are staffing up their capabilities to invest directly,” says Paul Carbone, managing partner, Pritzker Group. “There is evidence to suggest that this is where a number of family offices are headed.”</p>
Dermatology And MedSpa Buys Sona MedSpa
2016-01-20T13:00:14.633409-05:00https://www.thetrustedinsight.com/investment-news/dermatology-and-medspa-buys-sona-medspa-20160120831/
Dallas, Texas and Nashville, Tennessee, January 20, 2016 – Pharos Capital Group, LLC (“Pharos”), a private equity firm based in Dallas and Nashville, announced that its new dermatology platform, Dermatology and MedSpa, Inc. (“the Company”), has completed its first add-on acquisition. The company acquired a controlling interest in Sona MedSpa (“Sona”), a leading North Carolina-based provider of cosmetic dermatology and medspa services. Terms were not disclosed. Dermatology and MedSpa, Inc. is a premier dermatology and medspa services provider that offers a comprehensive suite of medical, surgical and cosmetic dermatology services across multiple locations in the Maryland/D.C. area. ...
Private Equity-Owned Companies: A New Source For The Canny Acquisitor
2016-01-19T17:30:19.601475-05:00https://www.thetrustedinsight.com/investment-news/private-equity-owned-companies-a-new-source-for-the-canny-acquisitor-20160119770/
<p>The portfolios of private equity investors have become increasingly popular places to rummage for corporate acquisitions in recent years. As Alix Stuart reports for CFO Journal, companies spent a record $142 billion last year to buy 252 businesses from private-equity investors. </p>
With $90M In New Funding And Unicorn Status, Anaplan Looks Ahead To IPO
2016-01-14T13:18:53.813007-05:00https://www.thetrustedinsight.com/investment-news/with-90m-in-new-funding-and-unicorn-status-anaplan-looks-ahead-to-ipo-20160114553/
What’s more, CEO Fred Laluyaux said this will be the last private round prior to an IPO some time in “the not-too-distant future.” To that end, he announced that the company has hired James Budge, former Genesys and Rovi CFO and COO, as its Chief Financial Officer. It is common for companies like Anaplan that are planning on going public to hire a CFO with public company experience before filing.
Millbrook Capital Promotes Rivera To President
2016-01-11T16:54:03.208620-05:00https://www.thetrustedinsight.com/investment-news/millbrook-capital-promotes-rivera-to-president-20160111378/
Millbrook Capital Management Inc. (MCM), a family office that specializes in direct private equity investments, is pleased to announce the appointments of Alan L. Rivera to President and John W. Powers to Senior Vice President effective January 1, 2016.
Chancery Court Provides Guidance On PostClosing Fraud Claims By Buyer Of Portfolio Company—Prairie Capital V. Double E
2016-01-06T11:58:49.974145-05:00https://www.thetrustedinsight.com/investment-news/chancery-court-provides-guidance-on-postclosing-fraud-claims-by-buyer-of-portfolio-companyprairie-capital-v-double-e-20160106120/
In a recent decision relating to the sale of a portfolio company by one private equity firm to another— Prairie Capital v. Double E (Nov. 24, 2015)—the court provided important guidance with respect to a buyer’s ability to make post-closing fraud claims against a portfolio company’s executives and its private equity fund sellers.
UAE, Britain, Russia Sovereign Funds Want To Invest In India: Arun Jaitley
2015-12-30T13:55:19.525902-05:00https://www.thetrustedinsight.com/investment-news/uae-britain-russia-sovereign-funds-want-to-invest-in-india-arun-jaitley-20151230950/
The NIIF was formed to fund infrastructure projects by seeking investment from sovereign funds abroad, in addition to participation by private players and cash-rich public-sector companies.
Valeant Shares Tumble 10% After It Announces A Group Of Execs Will Take Over While Its CEO Fights Pneumonia
2015-12-29T17:00:13.106001-05:00https://www.thetrustedinsight.com/investment-news/valeant-shares-tumble-10-after-it-announces-a-group-of-execs-will-take-over-while-its-ceo-fights-pneumonia-20151229900/
Thomson Reuters(Reuters) - Valeant Pharmaceuticals International Inc on Monday said a group of company executives will immediately take over for its chief executive officer until he returns from medical leave, sending shares tumbling 10 percent. The Canadian company said CEO Michael Pearson, 56, was being treated for severe pneumonia.
The Carlyle Group Names Lauren Dillard Head Of Investment Solutions Segment
2015-12-23T13:00:18.203091-05:00https://www.thetrustedinsight.com/investment-news/the-carlyle-group-names-lauren-dillard-head-of-investment-solutions-segment-20151223668/
Carlyle executives share their views and expertise on a range of investment, public policy and economic matters through podcasts, op-eds, policy papers, TV interviews, speeches and presentations. We believe that being a good corporate citizen is good business practice and creates long-term value for our investors. Glenn Youngkin, Carlyle President and Chief Operating Officer, said, “Lauren is the right person to lead Investment Solutions as we build upon the group’s momentum in 2015. Her 14 years at Carlyle and most recent roles as COO & CFO of Investment Solutions enable her to hit the ground running. Lauren has a track...
REIT Focus: Mid-America Apartment Communities, Inc.
2015-12-19T09:30:13.799830-05:00https://www.thetrustedinsight.com/investment-news/reit-focus-mid-america-apartment-communities-inc-20151219430/
MAA is an apartment REIT engaged in the acquisition, redevelopment and management of apartment communities located in the Southeast and Southwest sections of the U.S. MAA owns 252 communities with 79,024 units, has an experienced management team, a dividend yield of 3.5%, an average occupancy of 96.6% and low leverage at 34% of enterprise value.
Continuum Analytics Closes $10M Debt Financing From Silicon Valley Bank
2015-12-16T12:30:04.796870-05:00https://www.thetrustedinsight.com/investment-news/continuum-analytics-closes-10m-debt-financing-from-silicon-valley-bank-20151216195/
<span style="line-height: 20.8px;">Continuum </span><span style="line-height: 20.8px;">Analytics</span><span style="line-height: 20.8px;">, developer of Anaconda, the leading modern open source analytics platform powered by Python, today announced it has secured a $10 million working capital line of credit from </span><span style="line-height: 20.8px;">Silico</span><span style="line-height: 20.8px;">n Valley Bank</span><span style="line-height: 20.8px;">.</span>
Amid Dell-EMC Mess, $1.2B Md.-based Startup Virtustream Finds Home
2015-12-15T16:09:57.710217-05:00https://www.thetrustedinsight.com/investment-news/amid-dell-emc-mess-12b-md-based-startup-virtustream-finds-home-20151215113/
After nearly a half year of deliberations, rumors, suggested buyouts and continued board frustration, it appears that D.C. tech unicorn—a startup turned billion dollar company—and enterprise-class cloud company Virtustream will in fact become a wholly-owned subsidiary of EMC rather than a joint venture with struggling data giant VMware.
Has Halliburton Found A Buyer For Its Drilling Assets?
2015-12-10T15:36:10.264351-05:00https://www.thetrustedinsight.com/investment-news/has-halliburton-found-a-buyer-for-its-drilling-assets-20151210873/
General Electric (GE) is reportedly in advanced talks to buy Halliburton's (HAL) drill-bits and drilling-services units, as the oilfield service provider looks to shrink to get approval for its takeover of Baker Hughes (BHI).
Khosla Ventures Getting Sued by Miss. - Fortune
2015-12-04T16:54:36.758141-05:00https://www.thetrustedinsight.com/investment-news/how-tech-billionaire-vinod-khoslas-biofuel-dream-went-bad-20151204577/
Drive a couple of hours northeast of Jackson, Miss.—maneuvering past semitrailers piled with timber on highways lined with dense pine forests—and you’ll reach a sprawling structure of metal pipes and towers.
Nikesh Arora, Softbank aim to be tech's Berkshire Hathaway
2015-12-03T12:49:35.477327-05:00https://www.thetrustedinsight.com/investment-news/nikesh-arora-softbank-aim-to-be-techs-berkshire-hathaway-20151203499/
<span style="line-height: 20.8px;">Arora isn’t a movie idol or a YouTube star—he’s a tech executive, and one whose name most Americans wouldn’t recognize. He didn’t encounter this sort of reception in San Francisco, where he had spoken at TechCrunch Disrupt a month prior, or in New York City, where he addressed a Goldman Sachs gathering. At such events he’s treated with a mixture of respect and curiosity, as you’d expect for someone who helped turn Google </span><span style="line-height: 20.8px;">into a behemoth and then left it, not for a CEO job, not to business-ify another up-and-coming Silicon Valley company, but to make investments at SoftBank</span><span style="line-height: 20.8px;">, an enigmatic Japanese telecom conglomerate.</span>
Angel investor launches OnRamp Fund, US$10 million int'l incubator
2015-11-28T13:30:11.604444-05:00https://www.thetrustedinsight.com/investment-news/angel-investor-launches-onramp-fund-us10-million-intl-incubator-20151128242/
(ChinaPost.com.tw) - Lawrence Ng, entrepreneur and co-founder of Oversee.net, launched OnRamp Fund, a US$10 million incubator that invests in early stage startups. Unlike other funds that invest in a large number of startups, OnRamp Fund's focus is to help its portfolio companies achieve critical milestones by working closely with select entrepreneurial teams, according to the organization.
In Wake Of AR Capital Deal Collapse, Marc Rowan Leaves NY REIT Board
2015-11-18T12:33:51.022731-05:00https://www.thetrustedinsight.com/investment-news/in-wake-of-ar-capital-deal-collapse-marc-rowan-leaves-ny-reit-board-20151118656/
The fallout from Apollo Global Management’s aborted acquisition of Nicholas Schorsch’s real estate asset management business continues, with Apollo’s co-founder stepping down from New York REIT’s board of directors.
Independent sponsors offer a respite from lofty deal valuations
2015-11-11T15:35:28.300517-05:00https://www.thetrustedinsight.com/investment-news/independent-sponsors-offer-a-respite-from-lofty-deal-valuations-20151111264/
The dominant theme in the current environment for middle market private equity is the challenge created by rising deal valuations caused by too much dry powder chasing too few opportunities. However, the lower middle market of private equity has offered, and is expected to continue to offer, some respite for PE investors looking to avoid a lofty valuation environment. Independent sponsors have been a mainstay of the lower middle market since before the recent financial crisis. The lower middle market is generally defined as companies generating less than $10 million of EBITDA, but more than $2...
PeerSpace Raises $5M Series A, Expands To New York City
2015-11-11T13:16:21.838442-05:00https://www.thetrustedinsight.com/investment-news/peerspace-raises-5m-series-a-expands-to-new-york-city-20151111229/
PeerSpace, a short-term meeting space reservations marketplace, has announced a $5 million Series A round of financing led by Foundation Capital to propel growth.
Interview with Stripe co-founder John Collison on Silicon Valley and the tech bubble
2015-11-03T17:43:15.267446-05:00https://www.thetrustedinsight.com/investment-news/interview-with-stripe-co-founder-john-collison-on-silicon-valley-and-the-tech-bubble-20151103743/
The 4-year-old San Francisco company builds tools for businesses that lets them easily accept and track online payments, managing things like integration with banks and online systems.
Interview With TransferWise's Taavet Hinrikus, Kristo Kaarmann
2015-11-02T17:44:19.092983-05:00https://www.thetrustedinsight.com/investment-news/interview-with-transferwises-taavet-hinrikus-kristo-kaarmann-20151102655/
The $58 million (£37.8 million) investment made the peer-to-peer international money transfer startup one of London's few "unicorns." It also meant TransferWise became one of only a handful of tech companies in the capital to have attracted serious investment from Silicon Valley.
OneVest Launches "1000 Angels" To Reinvent Venture Capital
2015-10-26T16:25:22.838296-04:00https://www.thetrustedinsight.com/investment-news/onevest-launches-1000-angels-to-reinvent-venture-capital-20151026288/
1000 Angels will include OneVest co-founders Tanya Prive and Alejandro Cremades but the new spin on VC investing has added Erica Duignan Minnihan as Managing Partner, Barry Shereck as CFO and Dasha Sukovatitsyn as Membership Co-ordinator.
Asia private equity funds hurt Morgan Stanley's third-quarter profit
2015-10-21T16:55:06.471812-04:00https://www.thetrustedinsight.com/investment-news/asia-private-equity-funds-hurt-morgan-stanleys-third-quarter-profit-20151021085/
HONG KONG (Reuters) - A dramatic fall in the value of Morgan Stanley's Asian private equity funds hit the bank's quarterly earnings, highlighting the risks of such investing at a time when rivals are scaling back to avoid losses and higher regulatory costs.
Apollo-Backed Athene Names Klein CFO, Easing Path to IPO
2015-10-20T15:57:29.860712-04:00https://www.thetrustedinsight.com/investment-news/apollo-backed-athene-names-klein-cfo-easing-path-to-ipo-20151020991/
Athene Holding Ltd., the annuity seller with ties to Apollo Global Management LLC, hired Genworth Financial Inc.’s Martin Klein as chief financial officer as it pushes toward an initial public offering. Klein brings “extensive financial, leadership and public-company experience,” Chief Executive Officer Jim Belardi said in the statement. “His appointment is another positive step for Athene as we continue to build upon our already strong executive team.” Belardi had said this...
Confirmed: Sequoia Capital Invested In Indonesia’s Go-Jek
2015-10-16T14:47:11.634728-04:00https://www.thetrustedinsight.com/investment-news/confirmed-sequoia-capital-invested-in-indonesias-go-jek-20151016767/
Go-Jek founder Nadiem Makarim has been hush-hush about the funding around town in Jakarta. Today, Sequoia publicly showcases the startup in its portfolio.
Citigroup and Goldman Sachs Earnings
2015-10-15T17:23:00.776241-04:00https://www.thetrustedinsight.com/investment-news/citigroup-and-goldman-sachs-earnings-20151015739/
So far, with the exception of Bank of America, investors have been underwhelmed by the banks’ results with shares of J.P. Morgan and Wells Fargo falling after their results were released. Goldman Sachs is expected to report a sharp drop in quarterly profit of $2.91 a share, well below the $4.57 Goldman earned in the same period a year ago. The bank is also expected to report revenue of $7.13 billion, 15% lower than what the Wall Street firm tallied a year ago. On Citigroup, analysts expected the bank to report earnings of $1.28 a share, up from 95 cents...
Saudi Arabia Signs $11.4B In Deals With France
2015-10-15T13:10:45.912487-04:00https://www.thetrustedinsight.com/investment-news/saudi-arabia-signs-114b-in-deals-with-france-20151015683/
France announced on Tuesday a number of deals worth 10 billion euros ($11.4 billion) with Saudi Arabia during a visit by Prime Minister Manuel Valls. “France-Saudi Arabia: 10 billion euros in contracts,” he wrote in a tweet. The deals cover energy, health, food, satellites and infrastructure, according to the prime minister’s office.
Segment Raises $27M For Its 'One API To Rule Them All'
2015-10-09T14:04:05.304371-04:00https://www.thetrustedinsight.com/investment-news/segment-raises-27m-for-its-one-api-to-rule-them-all-20151009369/
In addition to the new capital, Will Gaybrick, CFO of Stripe and G.P. at Thrive Capital, will join Segment’s board. The company had previously raised $15 million from Accel and others last year, and says it will now double its headcount to 100, following this round’s close.
Moab Capital Partners Selects Maples Fund Services for Hedge Fund Administration
2015-10-08T13:16:12.181029-04:00https://www.thetrustedinsight.com/investment-news/moab-capital-partners-selects-maples-fund-services-for-hedge-fund-administration-20151008285/
Alternative investment manager Moab Capital Partners has selected Maples Fund Services, a division of MaplesFS, to provide a full suite of hedge fund administration services. Maples Fund Services will provide a range of administration services, including fund accounting and investor services, for the hedge funds managed by Moab. Maples Fund Services was also selected to provide fund accounting services to Moab’s new insurance dedicated fund, which launched on September 1, 2015 with $25 million. “Having previously been serviced by a division of a large investment bank, we decided to focus our search on independent administrators for their adaptive nature and...
Pension Plan Sale Improves J.C. Penney Finances
2015-10-07T15:04:31.796575-04:00https://www.thetrustedinsight.com/investment-news/pension-plan-sale-improves-jc-penney-finances-20151007246/
J.C. Penney (NYSE: JCP) dramatically improved its financial position last week after buying annuities for some 43,000 retirees and offering a lump-sum buyout to 12,000 more, effectively reducing its $5 billion in pension obligations by as much as 35%.
How DuPont went to war with activist investor Nelson Peltz
2015-10-07T11:01:02.065447-04:00https://www.thetrustedinsight.com/investment-news/how-dupont-went-to-war-with-activist-investor-nelson-peltz-20151007186/
Never mind that just a few weeks earlier, the billionaire investor Nelson Peltz had launched a very public proxy battle against her company. Peltz, the 72-year-old co-founder of the $11 billion hedge fund Trian Fund Management, is one of the most high-profile and accomplished of Wall Street’s growing hoard of so-called activist shareholders. And he wasn’t pulling any punches. Kullman, 59, was frustrated that Peltz was trying to paint her giant chemical company, the inventor of wonder fabrics such as nylon and Kevlar as well as one of the biggest players in the business of providing hybrid seeds to farmers,...
Bloomberg Markets 50 Most Influential
2015-10-05T18:06:01.231635-04:00https://www.thetrustedinsight.com/investment-news/bloomberg-markets-50-most-influential-20151005080/
They build companies and assemble fortunes. They run banks, or hope to disrupt them. They shape economies and spread ideas. They manage money and wield the clout that goes with the billions of dollars they invest. The 50 people in our fifth annual Most Influential ranking are a varied group but have in common extraordinary success in their chosen fields.
Foundation Capital’s Steve Vassallo
2015-10-02T16:13:53.379761-04:00https://www.thetrustedinsight.com/investment-news/foundation-capitals-steve-vassallo-20151002950/
Hundreds of venture capital firms invested tens of billions of dollars in cleantech over the last decade. But only a few VCs made money or built lasting companies in the process. We'll be speaking with the surviving and thriving cleantech VCs in a new GTM Squared column called Letters from Sand Hill Road.
What to Expect When Selling Your Business to a Private Equity Group
2015-10-02T11:27:10.813595-04:00https://www.thetrustedinsight.com/investment-news/what-to-expect-when-selling-your-business-to-a-private-equity-group-20151002902/
After a friendly meeting or two, the PEG will ask for preliminary information, both financial and operational. Before you provide it, get a nondisclosure agreement in place. (This is the first of many times in this process that you’ll need an experienced transaction attorney.) If the PEG likes what it sees, it will give you a letter of intent (LOI). You should understand that this is a nonbinding offer—I refer to it as a hunting license. This offer will be based on the investment value of your company, calculated as an industry-standard multiple of the adjusted EBITDA, or free cash flow. This number is...
Kreditech Nabs $92M To Build Financial Services For The ‘Underbanked’
2015-09-28T11:23:56.212939-04:00https://www.thetrustedinsight.com/investment-news/kreditech-nabs-92m-to-build-financial-services-for-the-underbanked-20150928583/
Another startup out of Europe focused on finance has raised a hefty round of funding. Kreditech, a German company building a suite of credit and banking products for consumers who have little or no credit history, has raised €82.5 million ($92 million) to continue adding more products and geographies to its platform. Speaking to TechCrunch about the news, Kreditech CFO Rene Griemens declined to comment about the company’s valuation except to note that it has “more than doubled” from the last round, when it raised $40 million. That round, according to Kreditech itself, valued the company at $190 million, althgough Griemens...
US Investigating Malaysian PM Over Role In Real Estate Deals
2015-09-24T10:30:02.678421-04:00https://www.thetrustedinsight.com/investment-news/us-investigating-malaysian-pm-over-role-in-real-estate-deals-20150924445/
The embattled prime minister of Malaysia, facing mounting political turmoil and a parade of inquiries at home and abroad into a sovereign wealth fund that he oversees, is now coming under the scrutiny of American investigators as well.
Goldman Sachs, Henry Kravis, Leonardo DiCaprio Back Rubicon Global
2015-09-18T17:36:13.935349-04:00https://www.thetrustedinsight.com/investment-news/goldman-sachs-henry-kravis-leonardo-dicaprio-back-rubicon-global-20150918199/
Rubicon Global, North America's leading provider of cloud-based waste and recycling solutions, announced today that it raised $50 million from key investors, bringing Rubicon's valuation to $500 million.
Private Equity Checks Out Chico’s
2015-09-15T11:31:31.274489-04:00https://www.thetrustedinsight.com/investment-news/private-equity-checks-out-chicos-20150915210/
Media reports that Chico’s Fas (CHS) has a takeout target painted on its back has sent the retailer soaring 11% in Monday market action. Bloomberg reported Friday that Chico’s is considering selling itself after being approached by private equity firms, including Sycamore Partners and it has hired investment bank Peter J. Solomon to explore options. […]
FLG Partners Announces Tim Laehy As A New Partner
2015-09-09T10:43:44.919096-04:00https://www.thetrustedinsight.com/investment-news/flg-partners-announces-tim-laehy-as-a-new-partner-20150909872/
FLG provides financial and operational leadership to companies ranging from newly funded startups to multi-billion dollar public companies across all technology and life science sectors.
Docker hires former Twitter executive Mike Gupta as its new CFO
2015-09-08T12:17:32.828198-04:00https://www.thetrustedinsight.com/investment-news/docker-hires-former-twitter-executive-mike-gupta-as-its-new-cfo-20150908807/
Gupta led Twitter through its 2013 initial public offering (IPO). Earlier in his career, Gupta was treasurer at Zynga during its IPO and prior to that he spent several years in financial roles at Yahoo. He replaces Eric Bardin, who has been Docker’s CFO since 2010. Bardin will be now work as Docker’s senior vice president of finance and business operations. “I look forward to working with the Docker team to ensure we are financially well positioned and yet nimble so that we can continue to innovate,” Gupta said in a Docker press release.
Former Twitter CFO Mike Gupta on Why He Joined the Startup Docker
2015-09-08T11:54:40.110102-04:00https://www.thetrustedinsight.com/investment-news/former-twitter-cfo-mike-gupta-on-why-he-joined-the-startup-docker-20150908801/
Although it got off to a slow start, Docker’s growth exploded in the last year or so after the company started offering open source “containers” that let software applications run unchanged across multiple environments, making it much easier to develop and run software in the cloud. Docker says the software has now been downloaded more than 700 million times and has generated more than 180,000 Docker-compatible applications and more than 40 Docker-related startups and partnerships. The company has raised more than $150 million in private capital. One of the primary catalysts is the team, and when I look at Docker...
Viking Global CFO Brown Stepping Down
2015-09-04T12:19:38.308565-04:00https://www.thetrustedinsight.com/investment-news/viking-global-cfo-brown-stepping-down-20150904747/
Viking Global Investors CFO Barrett Brown is stepping down from his position at the hedge fund management company. A search for a replacement CFO is underway, according to Reuters. The move comes only a few months after the departure of co-CIO Tom Purcell from the firm in March, leaving Dan Sundheim as the sole CIO. At more than $30 billion in assets under management, Viking is one of the largest U.S.-based hedge fund managers. It was founded in 1999 by former Tiger Management executive Andreas Halvorsen, who is the fim's CEO. The firm’s largest hedge fund, Viking Global Equities, was...
National Oilwell Varco Names New CFO
2015-09-04T11:06:53.753704-04:00https://www.thetrustedinsight.com/investment-news/national-oilwell-varco-names-new-cfo-20150904729/
For nearly four months, oil equipment and services company National Oilwell Varco has searched for the right candidate to take on the role of chief financial officer.
SVPGlobal Appoints Former Blackstone Restructuring Exec Huffard To Advisory Council
2015-09-01T09:55:45.255748-04:00https://www.thetrustedinsight.com/investment-news/svpglobal-appoints-former-blackstone-restructuring-exec-huffard-to-advisory-council-20150901521/
Distressed value and restructuring specialist Strategic Value Partners LLC has appointed former Blackstone Group executive Flip Huffard to its Advisory Council. read more
PA SERS copes with sudden death of veteran LP Michael Beblo
2015-08-28T10:06:33.725019-04:00https://www.thetrustedinsight.com/investment-news/pa-sers-copes-with-sudden-death-of-veteran-lp-michael-beblo-20150828415/
“Michael was an important part of the alternative investment team, with a deep knowledge of private market investing and widely regarded for his investment acumen,” Beblo’s supervisor, Lauren Lenfest...
Jeff Mazer and Katya Baron Join Aequitas as Directors
2015-08-27T18:01:57.978644-04:00https://www.thetrustedinsight.com/investment-news/jeff-mazer-and-katya-baron-join-aequitas-as-directors-20150827375/
Aequitas Capital has hired two executives to help the alternative investments firm tackle its next growth phase....
Genstar-backed Asset International hires Joel Mandelbaum as CEO and president
2015-08-25T15:38:22.807850-04:00https://www.thetrustedinsight.com/investment-news/genstar-backed-asset-international-hires-joel-mandelbaum-as-ceo-and-president-20150825230/
Asset International, Inc. (AI) announced the appointment of Joel Mandelbaum as CEO and President, and his purchase of a material investment interest in Asset International...
34 Surprising Facts About Top Tech Investor Jenny Lee
2015-08-25T15:34:02.108844-04:00https://www.thetrustedinsight.com/investment-news/34-surprising-facts-about-top-tech-investor-jenny-lee-20150825226/
Ranking ahead of Peter Thiel, Mary Meeker, Fred Wilson, and Marc Andreessen this year, Lee is the first woman to break the "cash ceiling" of the Forbes Midas List Top 10.
Goldman infra arm, SunEdison team for $1bn investment vehicle
2015-08-19T18:57:32.567063-04:00https://www.thetrustedinsight.com/investment-news/goldman-infra-arm-sunedison-team-for-1bn-investment-vehicle-20150819942/
Goldman Sachs has teamed up with global renewable energy development giant SunEdison to launch a $1bn investment vehicle.
Zirtual's Maren Kate Donovan: "Numbers were just completely f***ed"
2015-08-13T15:29:06.282364-04:00https://www.thetrustedinsight.com/investment-news/zirtuals-maren-kate-donovan-numbers-were-just-completely-fed-20150813688/
Maren Kate Donovan so far hasn’t talked to reporters about what caused her company, Zirtual, to abruptly implode earlier this week. But after the company’s second turn of events—the announcement late...
So Why Does Google Want A Parent Company? Kara Swisher explains
2015-08-10T18:03:01.944785-04:00https://www.thetrustedinsight.com/investment-news/so-why-does-google-want-a-parent-company-kara-swisher-explains-20150810576/
Today, without much warning, the best known brand on the Internet and perhaps in the world renamed itself....
How Goldman Sachs Became a Tech-Investing Powerhouse
2015-07-29T10:30:52.640329-04:00https://www.thetrustedinsight.com/investment-news/how-goldman-sachs-became-a-tech-investing-powerhouse-20150729372/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Wall St. CFOs Bring Needed Skills to Silicon Valley
2015-07-27T20:06:26.030050-04:00https://www.thetrustedinsight.com/investment-news/wall-st-cfos-bring-needed-skills-to-silicon-valley-20150727341/
<span style="line-height: 20.7999992370605px;">In the entrepreneurial culture of Silicon Valley, one of a CFO's most important roles is to ensure that risk assessment is part of the innovation process, says George de Urioste, CFO of Pluribus Networks.</span>
The World's Biggest "Hedge Fund", $30 Billion Bigger Than Bridgewater, Remains Mysterious As Ever
2015-07-23T16:14:51.165897-04:00https://www.thetrustedinsight.com/investment-news/the-worlds-biggest-hedge-fund-30-billion-bigger-than-bridgewater-remains-mysterious-as-ever-20150723269/
Few things are as misunderstood as Apple's $203 billion cash hoard, first and foremost because of this amount $168 billion is not cash at all but actual securities: treasuries, investment grade bonds...
The tech boom may get bumpy, but it will not end in a repeat of the dotcom crash
2015-07-23T15:51:42.056301-04:00https://www.thetrustedinsight.com/investment-news/the-tech-boom-may-get-bumpy-but-it-will-not-end-in-a-repeat-of-the-dotcom-crash-20150723264/
LOOK out from Crissy Field, in San Francisco, on a fog-free day and chances are you will see some technology entrepreneurs leaping into the sky. The hybrid sport of kitesurfing has become a favourite...
Wells Fargo Profits Flat, but Wealth Unit Jumps
2015-07-15T17:52:50.787980-04:00https://www.thetrustedinsight.com/investment-news/wells-fargo-profits-flat-but-wealth-unit-jumps-20150715113/
“Wells Fargo’s second quarter results reflected continued strength in the fundamental drivers of long term growth,” said Chairman and CEO John Stumpf, in a statement. “Compared with a year ago, we gr...
Nutanix Joins the $1 Billion Valuation Club as It Takes On Tech Giants
2014-01-16T15:50:03.404266-05:00https://www.thetrustedinsight.com/investment-news/5034-nutanix-joins-the-1-billion-valuation-club-as-it-takes-on-tech-giants-20140116034/
Nutanix raised $101 million in equity at a valuation of $1 billion to compete against some of the tech industry's biggest companies.
A Beautiful or Ugly Deleveraging by Ray Dalio of Bridgewater
2013-11-11T16:03:11.912785-05:00https://www.thetrustedinsight.com/investment-news/a-beautiful-or-ugly-deleveraging-by-ray-dalio-of-bridgewater-20131111397/
The economy works like a simple machine.
But many people don't understand it— or they don't agree on how it works — and this has led to a lot of needless economic suffering.
I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and sidestep the global financial crisis, and has worked well for me for over 30 years.