Trusted Insighthttp://thetrustedinsight.com/2022-02-06T11:01:06.338902-05:00Trusted 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.
Private Equity Sports Investments Neared $2B In 2021
2022-02-06T11:01:06.338902-05:00https://www.thetrustedinsight.com/investment-news/private-equity-sports-investments-neared-2b-in-2021-nba-hot-20220206942/
U.S. stocks made a ton of money for investors in a decade-long bull market that lasted through the end of last year. But those returns pale in comparison to the windfall from sports investing, particularly in the National Basketball Association.
Kevin Durant Names His VC 'Mentors'
2018-05-23T13:31:22.905719-04:00https://www.thetrustedinsight.com/investment-news/kevin-durant-names-his-venture-capital-mentors-in-silicon-valley-20180523848/
Professional athletes often invest their substantial earnings into small businesses, but the Golden State Warriors take it to the next level. Warriors star wing Kevin Durant talked about his personal business strategy, and his "mentors" are VCs who most techies would kill to have dinner with.
Hedge Fund Titan Signs $2.3B Deal For Carolina Panthers
2018-05-16T14:51:06.340184-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-titan-tepper-signs-23b-deal-for-carolina-panthers-20180516189/
Hedge fund titan David Tepper agreed to pay $2.3 billion for the Carolina Panthers, a record price for a National Football League franchise, according to people familiar with the deal. The price eclipses the $1.4 billion Terry Pegula paid for the Buffalo Bills in 2014.
LA Dodgers Minor Leaguer Retires At 22 To Launch Crypto Hedge Fund For Athletes
2018-04-09T07:06:07.510345-04:00https://www.thetrustedinsight.com/investment-news/la-dodgers-minor-leaguer-retires-at-22-to-launch-crypto-hedge-fund-for-athletes-20180409718/
Cryptocurrencies are the wave of the future that will be ushered in by Millennials, says Tyler Adkison, a cryptocurrency hedge fund CEO. At 22, he retired as a minor league baseball player with the Los Angeles Dodgers to launch a crypto hedge fund focused exclusively on athletes.
GIC, Canadian Fund To Invest US$1b In Powerhouse Hollywood Agency WME-IMG
2017-08-03T09:40:57.896693-04:00https://www.thetrustedinsight.com/investment-news/gic-canadian-fund-to-invest-us1b-in-powerhouse-hollywood-agency-wme-img-20170803325/
August 03, 2017 7:42 AMSINGAPORE - GIC, Singapore's sovereign wealth fund, and the Canada Pension Plan Investment Board (CPPIB) are investing a combined US$1 billion (S$1.36 billion) in US entertainment, sports and fashion agency WME-IMG.
Silicon Alley To Give Silicon Valley A Run For Its Money
2017-06-19T10:45:49.560021-04:00https://www.thetrustedinsight.com/investment-news/silicon-alley-to-give-silicon-valley-a-run-for-its-money-20170619404/
For skeptics of New York City's startup scene, it helps to have a close-up view. Rather than look at things through the lens of Silicon Valley, the Big Apple has developed its own brand of startups. Today, it's branched out to artificial intelligence, biotech, virtual reality, fintech, natural drinks, livestreaming content and mobile app for foodies, sports and drivers looking for a parking space.
A Hedge Fund Veteran Is Trying To Bring Quant Trading To A New Market — Sports Betting
2017-06-02T13:36:05.678339-04:00https://www.thetrustedinsight.com/investment-news/a-hedge-fund-veteran-is-trying-to-bring-quant-trading-to-a-new-market-sports-betting-20170602053/
Sports trading company Stratagem raising a £25 million fund to bet on sports; Company set up by ex-hedge funder, run by former Goldman Sachs partner; Stratagem uses artificial intelligence to analyse football, tennis, and basketball, identifying betting opportunities; One of several startups trying to make betting markets more like financial markets.
NPS To Review Investment In Social Infrastructure Projects
2017-05-30T11:30:07.133388-04:00https://www.thetrustedinsight.com/investment-news/nps-to-review-investment-in-social-infrastructure-projects-20170530947/
National Pension Service (NPS), South Korea’s largest institutional investor, will be studying feasibility of backing the new administration’s plan to increase spending on public welfare infrastructure such as child and senior care centers and rental homes for the low-income class as promised by new President Moon Jae-in through purchase of public debt created for the purpose.
Newell Brands Sells Winter Sports Business To Private Equity Firm Kohlberg & Company
2017-05-26T14:45:23.311946-04:00https://www.thetrustedinsight.com/investment-news/newell-brands-sells-winter-sports-business-to-private-equity-firm-kohlberg-company-20170526887/
Newell Brands Inc. said Friday that it has sold its winter sports business to Kohlberg & Company, a private equity firm. The winter sports brands include K2, Atlas, Madshus and Dalbello. Sales from the winter sports portfolio were about $330 million in 2016. The transaction is expected to close late in the second quarter or early in the third quarter. The sale is part of an effort to streamline Newell's portfolio. Gross proceeds from the divestiture are expected to be $240 million. In a separate transaction, Newell has sold the Zoot and Squadra clothing brands.
One Liberty Sells Vacant Colorado Property
2017-05-11T11:36:05.565668-04:00https://www.thetrustedinsight.com/investment-news/one-liberty-sells-vacant-colorado-property-20170511416/
The company anticipates that the gain from this sale will be $6.5 million. The asset was previously occupied by Sports Authority.
SeventySix Capital Appoints Longtime Phillie As Partner
2017-05-09T15:29:42.071118-04:00https://www.thetrustedinsight.com/investment-news/seventysix-capital-appoints-longtime-phillie-as-partner-20170509330/
Philadelphia-based venture capital firm SeventySix Capital, which invests in entrepreneurial tech, retail, sports and wellness companies, announced Monday that Ryan Howard has signed on as a partner.
Men Bet She Would Fail; Now She Runs a $26 Billion Fund
2017-04-10T17:38:09.854667-04:00https://www.thetrustedinsight.com/investment-news/men-bet-she-would-fail-now-she-runs-a-26-billion-fund-20170410405/
Dawn Fitzpatrick manages the billions in family wealth of the investor George Soros. But she takes over at an unsettled moment for global markets....
One Of Germany's Wealthiest Family To Form Multi-Family Office
2017-04-03T18:07:27.947229-04:00https://www.thetrustedinsight.com/investment-news/one-of-germanys-wealthiest-family-to-form-multi-family-office-20170403129/
The family office of the Reimanns, among the wealthiest families in Germany, wants to attract other rich families to a fund it has set up to invest in startups.
Platinum Founder’s Lawyer Says FBI May Have Leaked About Fraud Probe
2017-03-29T18:03:03.981591-04:00https://www.thetrustedinsight.com/investment-news/platinum-founders-lawyer-says-fbi-may-have-leaked-about-fraud-probe-1-20170329985/
A lawyer defending Platinum Partners founder Mark Nordlicht against fraud charges said on Monday an FBI agent who admitted to leaking to the press on an insider trading probe of sports gambler William “Billy” Walters may also have leaked about Platinum. At a hearing in Brooklyn federal court before U.S. District Judge Dora Irizarry, lawyer […]The postPlatinum Founder’s Lawyer Says FBI May Have Leaked About Fraud Probeappeared first onTOTPI.
Platinum Founder's Lawyer Says FBI May Have Leaked About Fraud Probe
2017-03-29T10:00:35.257121-04:00https://www.thetrustedinsight.com/investment-news/platinum-founders-lawyer-says-fbi-may-have-leaked-about-fraud-probe-20170329962/
A lawyer defending Platinum Partners founder Mark Nordlicht against fraud charges said on Monday an FBI agent who admitted to leaking to the press on an insider trading probe of sports gambler William "Billy" Walters may also have leaked about Platinum.
Adelson Tops List Of Wealthy Southern Nevadans
2017-03-22T14:54:21.478846-04:00https://www.thetrustedinsight.com/investment-news/adelson-tops-list-of-wealthy-southern-nevadans-20170322772/
<p>That’s according to Forbes’ latest annual list of billionaires, which featured other Southern Nevadans in the casino business, sports and the restaurant industry.</p>
<p>Forbes calculated Adelson’s net worth at $30.4 billion, a $1.4 billion decline from the value that placed him No. 14 on Forbes’ list of 400 richest Americans in 2016.</p>
The World's 20 Richest Sports Team Owners 2017
2017-03-20T15:32:26.164309-04:00https://www.thetrustedinsight.com/investment-news/the-worlds-20-richest-sports-team-owners-2017-20170320670/
The NBA is home to more billionaire owners than any other sports league with 20. Los Angeles Clippers owner Steve Ballmer, who made his fortune at Microsoft, leads the way with a net worth of $30 billion.
'A Phenomenal Stitch-Up': Founder Of Luxury Lingerie Brand Agent Provocateur Attacks Sale To Sports Direct Billionaire Mike Ashley
2017-03-03T16:03:14.099281-05:00https://www.thetrustedinsight.com/investment-news/a-phenomenal-stitch-up-founder-of-luxury-lingerie-brand-agent-provocateur-attacks-sale-to-sports-direct-billionaire-mike-ashley-20170303093/
Agent Provocateur was sold by private equity owners 3i to Sports Direct owner Mike Ashley, who reportedly paid up to £30 million ($36.8 million) for the business. The founder of high-end lingerie brand Agent Provocateur has attacked the quick sale of the business to discount billionaire Mike Ashley, calling the private equity group that offloaded the company "negligent and incompetent."
Andreessen Horowitz On The Future Of… You | Podcast
2017-03-01T10:59:52.945754-05:00https://www.thetrustedinsight.com/investment-news/andreessen-horowitz-on-the-future-of-you-podcast-20170301984/
Humans have always wanted to enhance themselves — from getting nutrition just-right to optimizing their performance, whether in sports or health or work. And food is a big part of all that.
North Castle Partners Names New Managing Director
2017-02-24T09:05:47.148860-05:00https://www.thetrustedinsight.com/investment-news/north-castle-partners-names-new-managing-director-20170224823/
Consumer-focused private equity firm North Castle Partners has named former Flywheel Sports CEO Jay Galluzzo as a managing director of the firm.
Detroit Tigers, Red Wings Owner Mike Ilitch Dies At Age 87
2017-02-13T17:33:19.618224-05:00https://www.thetrustedinsight.com/investment-news/detroit-tigers-red-wings-owner-mike-ilitch-dies-at-age-87-20170213415/
Billionaire businessman Mike Ilitch, who founded the Little Caesars pizza empire before buying the Detroit Red Wings and the Detroit Tigers, and won praise for keeping the professional sports teams in the city as others relocated to new suburban stadiums, has died. He was 87.
Hidrock Pays $31M For Boerum Hill Mixed-Use Building
2017-01-31T09:50:10.073701-05:00https://www.thetrustedinsight.com/investment-news/hidrock-pays-31m-for-boerum-hill-mixed-use-building-20170131994/
Hidrock Properties picked up the Boerum Hill home of the New York Sports Club for $30.5 million, according to property records filed with the city Monday. The 28,000-square-foot building at 96-110 Boerum Place has 10 residential units and one retail unit that's net leased to the sports club.
Google Ventures-Backed Adelphic Acquired By Time Inc. For Undisclosed Sum
2017-01-24T10:42:48.521980-05:00https://www.thetrustedinsight.com/investment-news/google-ventures-backed-adelphic-acquired-by-time-inc-for-undisclosed-sum-20170124735/
The acquisition, which is expected to close during the first quarter, is expected to boost the people-based advertising technology offered through Viant, a company Time Inc. acquired last year. Time Inc. is the publisher of more than 100 magazines, including Time, Sports Illustrated and Fortune. Financial terms of the deal were not disclosed.
Hedge-Fund Managers With Flashy Sports Cars Make Worse Investors
2017-01-06T14:52:14.608590-05:00https://www.thetrustedinsight.com/investment-news/hedge-fund-managers-with-flashy-sports-cars-make-worse-investors-20170106193/
For most lay investors, figuring out how to allocate money presents a dilemma. A dizzying maze of experts, investors, fund managers, and advisors exists to allow people to outsource their questions to a financial professional who can make responsible decisions on their behalf to grow savings. But to reliably figure out who won’t rip them off or make bad calls, regular people have to know so much that they could almost invest the money themselves in the first place.Finance writers and others in the guidance-giving business offer some shortcuts to try to keep things simple. These range from the objectively...
Private Equity Firms Eye Bankrupt Performance Sports, Say Sources
2016-12-15T16:52:27.463094-05:00https://www.thetrustedinsight.com/investment-news/private-equity-firms-eye-bankrupt-performance-sports-say-sources-20161215539/
<p>Multiple suitors are weighing bids to challenge the $575 million offer for Performance Sports Group Ltd made by a financial consortium in the bankruptcy court auction of the Bauer hockey gear maker, according to two people familiar with the matter.</p>
<p>Private equity firms Thomas H. Lee Partners LP, Bain Capital LP, KKR & Co LP (KKR.N), KPS Capital Partners LP, and Sycamore Partners have indicated their interest in the sporting goods company, the people said. The sources could not be named because the talks are private. The auction is scheduled for Jan. 30.</p>
Why Hedge Fund Managers Who Drive Sports Cars Don't Deliver Their Alpha
2016-12-13T10:00:58.140621-05:00https://www.thetrustedinsight.com/investment-news/why-hedge-fund-managers-who-drive-sports-cars-dont-deliver-their-alpha-20161213394/
Fade the fund manager with the brand-new Maserati, put your faith in the one who just bought a Honda Odyssey. At least, that's what a recent research paper from a trio of finance professors, entitled "Sensation Seeking, Sports Cars, and Hedge Funds," suggests. "We find that hedge fund managers who own powerful sports cars take on more investment risk," wrote Yan Lu of the University of Central Florida,
Former Baseball Stars Launch Dugout Ventures
2016-12-01T11:49:01.215400-05:00https://www.thetrustedinsight.com/investment-news/former-baseball-stars-launch-dugout-ventures-20161201912/
With a lineup of lead investors that also includes former pitcher Nolan Ryan, former shortstop Barry Larkin and former outfielders Torii Hunter (below, right) and Vernon Wells, the firm plans to leverage its unique baseball knowledge and experience.
Time Inc Rejects $1.8B Takeover Bid
2016-11-29T01:04:25.949545-05:00https://www.thetrustedinsight.com/investment-news/time-inc-rejects-18b-takeover-bid-20161129798/
How much are People, Time, Sports Illustrated and their corporate siblings worth? Perhaps $1.8 billion, if reports that a group of billionaire investors made a takeover offer are to be believed.
Billionaire Edgar Bronfman Reportedly Offers To Buy Time Inc.
2016-11-28T17:26:03.910971-05:00https://www.thetrustedinsight.com/investment-news/billionaire-edgar-bronfman-reportedly-offers-to-buy-time-inc-20161128779/
Time Inc, the publisher of People, Fortune, and Sports Illustrated magazines, has rejected a takeover bid from the billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman Jr., together with billionaire Len Blavatnik's Access Industries and the Israeli businessman Ynon Kreiz, offered $18 per share, the Post reported, valuing Time Inc at $1.78 billion.
Samsung Group, Pension Fund Offices raided In Growing South Korea Scandal
2016-11-23T15:09:19.507734-05:00https://www.thetrustedinsight.com/investment-news/samsung-group-pension-fund-offices-raided-in-growing-south-korea-scandal-20161123690/
Prosecutors also raided South Korea's largest pension fund, the National Pension Service (NPS), an NPS spokeswoman said. The Yonhap news agency reported that investigators were probing NPS's decision...
Hedge Funds Slow To Adjust Champagne Tastes To Beer Budgets
2016-11-21T14:40:11.151711-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-slow-to-adjust-champagne-tastes-to-beer-budgets-20161121540/
Hedge funds have struggled of late to keep up their reputation as the sports cars of the investment world, often overtaken in the race for returns by the public buses of portfolios, index funds.
Intel Acquires Virtual Reality Live Streaming Startup Voke, Continues Big Push Into Sports
2016-11-03T13:57:52.128250-04:00https://www.thetrustedinsight.com/investment-news/intel-acquires-virtual-reality-live-streaming-startup-voke-continues-big-push-into-sports-20161103750/
The tech giant today announced its acquisition of Voke, a virtual reality technology company that specializes in live streams of sports and music events.
Super League Gaming Clinches $5M Series C Investment From Axiomatic And Toba Capital, Total Funding To Date Of $20M
2016-10-27T11:12:02.868348-04:00https://www.thetrustedinsight.com/investment-news/super-league-gaming-clinches-5m-series-c-investment-from-axiomatic-and-toba-capital-total-funding-to-date-of-20m-20161027339/
Super League Gaming, the Santa Monica-based company that gives gamers the opportunity to enjoy the games they love on big screens in movie theaters across the country, today announced that it has received $5 million in funding from Toba Capital and aXiomatic, a premier eSports entity backed by professional sports and media leaders. Super League Gaming previously received investments from a SoftBank-managed fund, Cinemark USA, Inc., and Quadrant Management.
Sagard, Fairfax In Talks About Potential Performance Sports Deal
2016-10-26T14:45:11.095711-04:00https://www.thetrustedinsight.com/investment-news/sagard-fairfax-in-talks-about-potential-performance-sports-deal-20161026316/
Sagard Capital Partners and Fairfax Financial have entered into a confidentiality agreement relating to Performance Sports Group Ltd, a U.S. maker of sports equipment and apparel.
China's Richest Man Has Global Ambitions
2016-10-25T10:39:27.228510-04:00https://www.thetrustedinsight.com/investment-news/chinas-richest-man-has-global-ambitions-20161025153/
China's richest man Wang Jianlin made his fortune in property. But now he's looking to conquer the sports and entertainment industries.
63 Percent Of Sports Tech Companies Were Created After 2011
2016-10-24T14:47:30.158023-04:00https://www.thetrustedinsight.com/investment-news/63-percent-of-sports-tech-companies-were-created-after-2011-20161024139/
According to a pretty comprehensive look at the sector from Top Tier Capital, a venture capital specialist managing niche-focused funds of funds, sports tech is on the rise. They also broke down the sector by niche, offering a look inside which types of tech within the broad sports category are the most relied upon.
Billionaire Steve Cohen's Interview With Fortune: Transcript
2016-10-21T15:44:11.277256-04:00https://www.thetrustedinsight.com/investment-news/billionaire-steve-cohens-interview-with-fortune-transcript-20161021042/
“This morning I just thought, I feel like having breakfast with a Fortune reporter today!” Steve Cohen exclaims, standing up as I walk into his country club in Westchester County...
Vertical Mass $5M Series A Supports Company's Expanding Lead As The Data Management And Marketplace Partner For The World's Top Music, Entertainment And Sports Franchises And Brands
2016-10-19T14:06:46.760049-04:00https://www.thetrustedinsight.com/investment-news/vertical-mass-5m-series-a-supports-companys-expanding-lead-as-the-data-management-and-marketplace-partner-for-the-worlds-top-music-entertainment-and-sports-franchises-and-brands-1-20161019884/
The round was supported by investors Greycroft, Formation 8, Sierra Wasatch, Canyon Creek Capital, Magnetar Capital and the San Francisco 49ers.
Vertical Mass $5M Series A Supports Company's Expanding Lead As The Data Management And Marketplace Partner For The World's Top Music, Entertainment And Sports Franchises And Brands
2016-10-18T12:38:56.051789-04:00https://www.thetrustedinsight.com/investment-news/vertical-mass-5m-series-a-supports-companys-expanding-lead-as-the-data-management-and-marketplace-partner-for-the-worlds-top-music-entertainment-and-sports-franchises-and-brands-20161018773/
The round was supported by investors Greycroft, Formation 8, Sierra Wasatch, Canyon Creek Capital, Magnetar Capital and the San Francisco 49ers.
VenueNext Secures $15M Series B Financing Led By Causeway Media Partners And Announces First NHL Customer, Sharks Sports & Entertainment
2016-10-12T12:31:04.626429-04:00https://www.thetrustedinsight.com/investment-news/venuenext-secures-15m-series-b-financing-led-by-causeway-media-partners-and-announces-first-nhl-customer-sharks-sports-entertainment-20161012495/
VenueNext, the connected venue technology platform company, has secured $15 million in Series B financing in a round led by Causeway Media Partners.
Sports Education Startup KOOH Sports Raises $ 2.2M Funding From Existing Investors
2016-10-07T16:41:55.346296-04:00https://www.thetrustedinsight.com/investment-news/sports-education-startup-kooh-sports-raises-22m-funding-from-existing-investors-20161007336/
<p>Tech-enabled sports startup KOOH Sports has raised $2.2 Mn (INR 13 Cr) from existing investors including HDFC, <a href="https://inc42.com/tag/faering-capital/" target="_blank">Faering Capital</a>, and Elevate Sports. The founders of the company also participated in the round.</p>
NYC Startup LiveLike Raised $5M To Redefine The Sports Viewing Experience Enhanced With VR
2016-10-05T15:06:34.612346-04:00https://www.thetrustedinsight.com/investment-news/nyc-startup-livelike-raised-5m-to-redefine-the-sports-viewing-experience-enhanced-with-vr-20161005203/
LiveLike raised a total of $5.01 Million with the help of Former NBA Commissioner David Stern, Evolution Media (a joint venture of CAA & TPG), Elysian Park Ventures, Courtside Ventures, Dentsu Ventures, and Techstars Ventures.
Brookfield's PE Group Increases Stake In Performance Sports
2016-09-27T16:14:21.104232-04:00https://www.thetrustedinsight.com/investment-news/brookfields-pe-group-increases-stake-in-performance-sports-20160927824/
The private equity group of Brookfield Asset Management disclosed an increase in its ownership interest in Performance Sports Group Ltd, an Exeter, New Hampshire-based maker of sports equipment.
Brookfield Buys Stake In Troubled Performance Sports Group
2016-09-22T15:53:09.137637-04:00https://www.thetrustedinsight.com/investment-news/brookfield-buys-stake-in-troubled-performance-sports-group-20160922610/
Brookfield Asset Management Inc.’s private equity arm has bought almost 11 per cent of Performance Sports Group Ltd., signalling a show of support for the troubled sports equipment manufacturer amid widespread market uncertainty about its financial status.
Dentsu's Venture Capital Fund Invests In U.S. VR Sports Startup
2016-09-21T18:26:53.567535-04:00https://www.thetrustedinsight.com/investment-news/dentsus-venture-capital-fund-invests-in-us-vr-sports-startup-20160921544/
The venture capital fund of Japanese ad giant Dentsu Inc. has invested in a small U.S. virtual reality startup whose technology can give sports spectators the sensation of watching a game from a stadium VIP suite, even if they're just lazing on the couch at home.
500 Startups Invests $1.5M In Online Marketplace For Secondhand Sports Gear
2016-09-21T17:50:14.811982-04:00https://www.thetrustedinsight.com/investment-news/500-startups-invests-15m-in-online-marketplace-for-secondhand-sports-gear-20160921534/
SidelineSwap, a startup that’s created an online marketplace where athletes can buy and sell used sporting gear, recently raised $1.5 million in seed funding. The round included investments from 500 Startups, Fabrice Grinda, Maria Thomas (former CEO at Etsy), Sean Bratches (former executive vice president at ESPN), Fullstack Sports Ventures and Summit Partners’ Christopher Dean.
Private Equity Group Clears The Fence As It Snaps Up The Racing Post
2016-09-16T11:14:22.072436-04:00https://www.thetrustedinsight.com/investment-news/private-equity-group-clears-the-fence-as-it-snaps-up-the-racing-post-20160916255/
Exponent Private Equity dashed to the finish line yesterday at it completed the acquisition of the leading horse and sports betting publication The Racing Post.
BAMTech Buys Silver Chalice Stake After $1B Walt Disney Infusion
2016-08-23T17:18:29.037242-04:00https://www.thetrustedinsight.com/investment-news/bamtech-buys-silver-chalice-stake-after-1b-walt-disney-infusion-20160823147/
BAMTech invested in college sports streaming company Silver Chalice Ventures just weeks after Walt Disney took a stake in BAMTech.
Sports Shrink Gio Valiante Helps Steve Cohen’s Point72 Up Its Game
2016-08-11T16:54:53.437590-04:00https://www.thetrustedinsight.com/investment-news/sports-shrink-gio-valiante-helps-steve-cohens-point72-up-its-game-20160811514/
The leading golf psychologist joined the $11 billion family office as part of a wider effort to change its culture.
Prospects For Decline In Harvard Endowment
2016-08-02T11:46:16.766023-04:00https://www.thetrustedinsight.com/investment-news/prospects-for-decline-in-harvard-endowment-20160802906/
Education for Sharing students play a learning game about the environment at a shelter in Norogachi, Mexico. Photograph courtesy of Dina Buchbinder...
GPP-Backed ProPT Makes Two Acquisitions
2016-07-22T15:40:16.209979-04:00https://www.thetrustedinsight.com/investment-news/gpp-backed-propt-makes-two-acquisitions-20160722438/
Professional Physical Therapy, which is backed by Great Point Partners, has acquired New Jersey-based Achieve Sports Medicine & Rehab and PRO Physical Therapy. No financial terms were disclosed.
Wicklow Capital Is Behind A $100M Fund for Cannabis Industry
2016-07-15T10:37:14.721240-04:00https://www.thetrustedinsight.com/investment-news/wicklow-capital-is-behind-a-100m-fund-for-cannabis-industry-20160715011/
Earlier this week, MedMen, a Los Angeles-based legal cannabis-focused management company, launched a $100 million private equity fund, one of the first and largest in the emerging category's history. And a Chicago family office is behind it.
Northeastern To Invest $25 Million Of Endowment Funds In Environmental Sustainability
2016-07-12T12:22:25.345417-04:00https://www.thetrustedinsight.com/investment-news/northeastern-to-invest-25-million-of-endowment-funds-in-environmental-sustainability-20160712846/
The university will direct $25 million of its endowment to investments with a focus on sustainability, including clean energy, renewables, green building, and sustainable water and agricul...
Silver-Lake, KKR Invest In Ultimate Fighting Championship
2016-07-12T12:15:15.592516-04:00https://www.thetrustedinsight.com/investment-news/silver-lake-kkr-invest-in-ultimate-fighting-championship-20160712844/
UFC fighters found out Monday morning with the rest of the world about the organization’s sale to an investment group headed by WME-IMG.
Talent Agency WME-IMG And PE Firms To Buy UFC For $4B
2016-07-12T11:09:15.625676-04:00https://www.thetrustedinsight.com/investment-news/talent-agency-wme-img-and-pe-firms-to-buy-ufc-for-4b-20160712822/
Talent and sports agency WME-IMG, along with a consortium of private equity firms, have agreed to acquire UFC for about $4 billion.
Mississippi's Pension Crisis Explained In Four Charts
2016-06-28T12:04:24.685444-04:00https://www.thetrustedinsight.com/investment-news/mississippis-pension-crisis-explained-in-four-charts-20160628181/
The defined-benefit pension system — which serves most state, county and municipal employees — has $16 billion in unfunded liabilities. That figure is likely to increase when this year’s annual repor...
Managing Maryland’s Pension System
2016-06-20T16:46:08.764070-04:00https://www.thetrustedinsight.com/investment-news/managing-marylands-pension-system-20160620813/
Hedge funds are essentially unregulated. They aren’t required to make their performance public. Disclosure is voluntary. What protections are in place to protect taxpayers and pensioners, such as me,...
Maryland Pays More Than $320 Million In Fees To Manage Pension Funds. What Does The State Get In Return?
2016-06-13T17:27:34.961276-04:00https://www.thetrustedinsight.com/investment-news/maryland-pays-more-than-320-million-in-fees-to-manage-pension-funds-what-does-the-state-get-in-return-20160613434/
Maryland’s public pension system pays more than $320 million in fees each year to professional fund managers who tout their ability to beat the market with smart investments....
US, Chinese Investors Buy 80 Percent Of French Soccer Team
2016-06-13T16:55:07.993707-04:00https://www.thetrustedinsight.com/investment-news/us-chinese-investors-buy-80-percent-of-french-soccer-team-20160613426/
A group of Chinese and American investors, who specialize in real estate, hotel and tourism, have bought 80 percent of French soccer club Nice for an undisclosed fee.
China's Suning Scores Majority Stake In Inter Milan Soccer Club For $306M
2016-06-07T14:25:07.801607-04:00https://www.thetrustedinsight.com/investment-news/chinas-suning-scores-majority-stake-in-inter-milan-soccer-club-for-306m-20160607041/
A unit of retail group Suning Holdings Group Co. will acquire about 70 percent of Italian soccer club Inter Milan for 270 million euros ($306 million), a rare purchase in which a Chinese company will control a major European sports team.
This NYC Startup Raised $20M So Every Athlete Can Have Access To Analytics
2016-06-06T16:31:38.755536-04:00https://www.thetrustedinsight.com/investment-news/this-nyc-startup-raised-20m-so-every-athlete-can-have-access-to-analytics-20160606964/
It’s pretty simple; doing well in sports consists of physical skills as well as preparedness. The physical part comes from putting your hours of practice in the gym and field, and the preparation comes from studying the film of your team, its players, and your opponents.
Focus Media-FountainVest Sports Fund Leads $50M Series C Round In Codoon
2016-05-31T10:43:13.520312-04:00https://www.thetrustedinsight.com/investment-news/focus-media-fountainvest-sports-fund-leads-50m-series-c-round-in-codoon-20160531488/
A sports investment fund co-established by Focus Media and FountainVest Partners has led a US$50 million series C round in Codoon, a Chinese sports and wellness service provider integrating mobile apps and wearables.
Arsenal Owner Stan Kroenke Increases Shareholding To 67%
2016-05-26T13:54:29.135268-04:00https://www.thetrustedinsight.com/investment-news/arsenal-owner-stan-kroenke-increases-shareholding-to-67-20160526361/
<span style="line-height: 20.8px;">KSE (Kroenke Sports Enterprise) UK Inc, wholly owned by the American businessman, has acquired 23 ordinary shares for £368,000, to take his shareholding to 67.05% (41,721 shares), it was announced under corporate disclosure on Thursday.</span>
Venture-Backed Online Sports Portal Hupu.com Seeks Domestic IPO
2016-05-16T15:20:48.655810-04:00https://www.thetrustedinsight.com/investment-news/venture-backed-online-sports-portal-hupucom-seeks-domestic-ipo-20160516639/
Shanghai-based online sports information community HuPu.com, backed by Greenwoods Asset Management Ltd., Morningside Ventures and other investors, is seeking a domestic initial public offering to raise RMB420 million (US$64 million).
Sagard Capital Announces Acquisition Of Additional Shares Of Performance Sports Group Ltd.
2016-04-29T10:28:23.544079-04:00https://www.thetrustedinsight.com/investment-news/sagard-capital-announces-acquisition-of-additional-shares-of-performance-sports-group-ltd-20160429437/
Sagard Capital Partners, L.P., Sagard Capital Partners GP, Inc. and Sagard Capital Partners Management Corp. (collectively, "Sagard Capital") issue this press release pursuant to applicable requirements of Canadian securities legislation.
IFC Commits $15M To Former Google China Head-Led Innovation Works Fund
2016-04-26T13:58:33.287263-04:00https://www.thetrustedinsight.com/investment-news/ifc-commits-15m-to-former-google-china-head-led-innovation-works-fund-20160426270/
International Finance Corporation (IFC), the investment arm of the World Bank, has committed US$15 million to a fund managed by Innovation Works, a venture and accelerator founded by former Google China head Kai-Fu Lee.
Multi-Family Office FFO Adds Prominent Athlete Clients Including Draymond Green
2016-04-25T12:15:35.362851-04:00https://www.thetrustedinsight.com/investment-news/multi-family-office-ffo-adds-prominent-athlete-clients-including-draymond-green-20160425187/
Multi-family office and business management firm FFO has acquired Compass Management Group, a business and lifestyle management firm for professional athletes. The deal allows FFO, which traditionally serves ultra-wealthy individuals, families and their advisors, to add a robust number of athlete clientele as the firm plans to further expand its focus on sports.
Alibaba-Backed Chinese Internet Sports Company LeSports Secures $1.2B In Series B Financing, Pushing Valuation To $3.3B
2016-03-29T15:59:00.776111-04:00https://www.thetrustedinsight.com/investment-news/alibaba-backed-chinese-internet-sports-company-lesports-secures-12b-in-series-b-financing-pushing-valuation-to-33b-20160329393/
LeSports, China’s leading Internet-based eco-sports company and independently funded subsidiary of global technology brand LeEco, announced it has secured $1.2 billion (RMB 8 billion) in Series B financing, bringing the company’s total investment to $1.35 billion (RMB 8.8 billion).
Pension Funds Say Pearson Relies Too Much On U.S. Testing Business
2016-03-23T17:47:16.591501-04:00https://www.thetrustedinsight.com/investment-news/pension-funds-say-pearson-relies-too-much-on-us-testing-business-20160323108/
The coalition of unions — the British-based TU Fund Managers; the Chicago Teachers Pension Fund; and UNISON, which is one of the largest trade unions in Britain and 130 individual shareholders — has sent a resolution to Pearson demanding that it “conduct a thorough business strategy review of Pearson PLC including education commercialization and its support of high stakes testing and low-fee private schools and to report to shareholders within six months.”
U.S. and British labor unions whose pension funds own stock in Pearson, the world’s largest education company, are challenging what they say is the firm’s “over-reliance” on educational testing in the United States and plan to take up the issue at an April stockholders meeting.
SurfStitch CEO Justin Cameron Resigns Over PE Acquistion
2016-03-18T12:00:26.973629-04:00https://www.thetrustedinsight.com/investment-news/surfstitch-ceo-justin-cameron-resigns-over-pe-acquistion-20160318785/
SurfStitch co-founder and CEO Justin Cameron has just resigned by email. The successful online retailer of surf and skateboard clothing says it understands Cameron is pursuing a potential acquisition of the business in conjunction with private equity.
Japan's Advantage Partners Acquires Ishii Sports
2016-03-15T11:00:17.718411-04:00https://www.thetrustedinsight.com/investment-news/japans-advantage-partners-acquires-ishii-sports-20160315570/
Japanese private equity firm Advantage Partners has acquired Tokyo-based sports equipment retailer Ishii Sports for an undisclosed amount.
Catterton Pumps Up Bodytech With Significant Investment
2016-03-14T18:00:17.697934-04:00https://www.thetrustedinsight.com/investment-news/catterton-pumps-up-bodytech-with-significant-investment-20160314552/
Bodytech Corporation ("Bodytech"), the second-largest gym company in Latin America, today announced a significant growth capital investment by L Catterton, the largest consumer-focused private equity firm in the world.
Harold Hamm's Message For OPEC: Above $40, We're Coming Back
2016-03-09T12:30:31.505393-05:00https://www.thetrustedinsight.com/investment-news/harold-hamms-message-for-opec-above-40-were-coming-back-20160309237/
For leading U.S. shale oil producers, $40 is the new $70. Continental Resources Inc, led by billionaire wildcatter Harold Hamm, is prepared to increase capital spending if U.S. crude reaches the low- to mid-$40s range, allowing it to boost 2017 production by more than 10 percent, chief financial official John Hart said last week.
Vance Street Buys Maker Of Medical Devices
2016-03-08T11:30:19.921078-05:00https://www.thetrustedinsight.com/investment-news/vance-street-buys-maker-of-medical-devices-20160308151/
Lexington Partners, Neuberger Berman Private Equity, RCP Advisors and Madison Capital Funding co-invested in the deal. Founded in 1968, A&E Medical, of Farmingdale, N.J., primarily focuses on single-use products used in cardiovascular procedures.
NoBroker.com Raises $10M Series B Funding, Plans To Expand To 20 Cities
2016-03-04T14:30:14.467257-05:00https://www.thetrustedinsight.com/investment-news/nobrokercom-raises-10m-series-b-funding-plans-to-expand-to-20-cities-20160304947/
Bengaluru-based brokerage-free property search portal NoBroker.com has raised $10 million funding led by Singapore based venture capital firm BEENEXT and Digital Garage along with other investors namely BEENOS, Qualgro and Mamoru Taniya of Asuka holdings.
REVL Receives $2M Seed Round
2016-03-04T10:00:27.910114-05:00https://www.thetrustedinsight.com/investment-news/revl-receives-2m-seed-round-20160304927/
REVL, a smart action camera developer, has raised $2 million in seed funding.
Investcorp Acquires $180M Office Building In Washington, D.C.
2016-03-01T15:04:24.853420-05:00https://www.thetrustedinsight.com/investment-news/investcorp-acquires-180m-office-building-in-washington-dc-20160301768/
Investcorp today announced that its U.S.-based real estate arm has acquired a Class A, quality office building in Washington, D.C. for approximately $180 million. This acquisition is consistent with Investcorp’s recent track record of acquiring top-quality, cash flowing properties in the U.S. and also represents the first acquisition under a new initiative focused on core-quality, long-term hold assets in key gateway markets.
Craft Beer Brewers Learn To Live With, And Love, Private Equity
2016-03-01T14:55:34.719413-05:00https://www.thetrustedinsight.com/investment-news/craft-beer-brewers-learn-to-live-with-and-love-private-equity-20160301763/
Craft beer is no stranger to private-equity money, but private-equity firms are rarely familiar with craft beer. As the number of U.S. brewers climbs above 4,000, and they start competing for resources, distribution, and shelf and tap space, private equity and beer have become more intimately acquainted.
Replay Technologies Closes $13.5M Series B Funding Led By Deutsche Telekom Capital Partners
2016-03-01T14:06:17.853967-05:00https://www.thetrustedinsight.com/investment-news/replay-technologies-closes-135m-series-b-funding-led-by-deutsche-telekom-capital-partners-20160301759/
Deutsche Telekom Capital Partners, which provides early-stage and late-stage venture capital, private equity and strategic advisory services to the technology, media and telecommunication sectors, led a $13.5M Series B investment round in Replay Technologies to support the company's development of next-generation, multi-dimensional video imaging technologies.
Topgolf Announces Major Investment From Providence Equity
2016-03-01T12:00:19.091555-05:00https://www.thetrustedinsight.com/investment-news/topgolf-announces-major-investment-from-providence-equity-20160301742/
Topgolf Entertainment Group (TEG), the parent company of Topgolf®, Topgolf Media and Topgolf International, today announced a sizable minority investment by Providence Equity Partners.
Interview: This Man Owns And Controls The Perfect Private Investment Office
2016-02-26T15:40:27.280300-05:00https://www.thetrustedinsight.com/investment-news/interview-this-man-owns-and-controls-the-perfect-private-investment-office-family-capital-20160226576/
Ferd, a private investment office of one of Norway’s richest individuals, doesn’t mind telling everyone what it’s up to. In fact, in a world where the money of the richest individuals is often managed by very secret family offices, Ferd’s approach is extraordinary. Family Capital can only hope that it catches on.
Uber Alles No More? The First Cab App Off The Rank Runs Into Traffic
2016-02-25T11:30:11.666704-05:00https://www.thetrustedinsight.com/investment-news/uber-alles-no-more-the-first-cab-app-off-the-rank-runs-into-traffic-20160225482/
The taxi-hailing tech firm has a higher valuation than General Motors. But there's trouble in China and competitors are beginning to get organised too. Is the shine coming off the world's most valuable start-up?
What Next For China's Overheated Property Market?
2016-02-23T11:27:03.074885-05:00https://www.thetrustedinsight.com/investment-news/what-next-for-chinas-overheated-property-market-20160223364/
What does Wang Shi, founder and chairman of China Vanke, the world's biggest home builder by revenue, make of China's overheated property market?
Chronogolf Raises $1.5M From Inovia Capital To Improve Golf Experience
2016-02-21T11:30:10.120387-05:00https://www.thetrustedinsight.com/investment-news/chronogolf-raises-15m-from-inovia-capital-to-improve-golf-experience-20160221318/
Chronogolf has raised a Series A round. The Montreal startup raised $1.5 million in a round led by iNovia Capital, THCAP, Business Angels QC and BDC Technologies Group. Chronogolf, founded in 2012, believes that the golf industry is among the few that still haven't been significantly disrupted.
Wearable Startup Orion Labs Raises $9M From Motorola Solutions And Avalon Ventures
2016-02-19T18:00:31.965299-05:00https://www.thetrustedinsight.com/investment-news/wearable-startup-orion-labs-raises-9m-from-motorola-solutions-and-avalon-ventures-20160219262/
Publicly traded Motorola Solutions — separate from Motorola Mobility, which is now part of Lenovo — sells expensive two-way radios that are commonly used in professional settings. So the company’s investment in Orion Labs is a big deal. “We’re making a consumer product. They have an expensive, large, and incredibly important business, and we are focused on the consumer applications for the smartphone and wearable era,” Robbins said.
Boston Tech Watch: Disney, DraftKings, Carbon Black, MassChallenge
2016-02-19T09:30:10.543802-05:00https://www.thetrustedinsight.com/investment-news/boston-tech-watch-disney-draftkings-carbon-black-masschallenge-20160219213/
This week, we’re tracking the latest news about DraftKings, Disney’s local research lab, startup funding announcements, and layoffs at tech companies.
The Eyes Have It: How One Startup Aims To Change The Future Of VR
2016-02-18T13:00:11.170905-05:00https://www.thetrustedinsight.com/investment-news/the-eyes-have-it-how-one-startup-aims-to-change-the-future-of-vr-20160218187/
<span style="line-height: 20.8px;">So far, Eyefluence has raised $21 million in funding from Intel, Motorola Solutions and others.</span>
Legendary Sports Agent Leigh Steinberg Partnered Alpha Strategies In Venture Capital
2016-02-18T11:30:16.323138-05:00https://www.thetrustedinsight.com/investment-news/legendary-sports-agent-leigh-steinberg-partnered-alpha-strategies-in-venture-capital-20160218175/
Leigh Steinberg, the legend in sport agent, teamed up with Alpha Strategies for investment in tech startups. Steinberg has raised $50 million for investment fund.
ChinaEquity Names Top Ten Sectors For Venture Investments In China
2016-02-18T10:40:00.698099-05:00https://www.thetrustedinsight.com/investment-news/chinaequity-names-top-ten-sectors-for-venture-investments-in-china-20160218164/
<span style="line-height: 18.9091px;">ChinaEquity Group Inc., one of the earliest venture capital and private equity firms in China, named ten most promising sectors for venture investments in China in an article published on Chinese media.</span>
Virtual Fitness Coaching Platform GOQii Raises Funding From Edelweiss VC Arm
2016-02-13T14:30:13.034730-05:00https://www.thetrustedinsight.com/investment-news/virtual-fitness-coaching-platform-goqii-raises-funding-from-edelweiss-vc-arm-20160213001/
Virtual fitness coaching platform GOQii, US-headquartered with offices in Mumbai and China, has raised an undisclosed amount of funding from the venture capital arm of Edelweiss Financial Services Pvt Ltd, The Economic Times reported.
Tampa Bay Startup Week: Startups To Pay Attention To
2016-02-13T10:30:19.585640-05:00https://www.thetrustedinsight.com/investment-news/tampa-bay-startup-week-startups-to-pay-attention-to-20160213986/
<p style="line-height: 20.8px;">Local Tampa Bay startups continue to form and grow, thanks largely to the entrepreneurial ecosystem that is strengthening the region’s focus on tech and entrepreneurship.</p>
Does Private Equity Deserve A Spot In Retirees' Portfolio?
2016-02-09T16:26:46.759835-05:00https://www.thetrustedinsight.com/investment-news/does-private-equity-deserve-a-spot-in-retirees-portfolio-20160209788/
<span style="line-height: 18.9091px;">In general, retirees should maintain a diversified portfolio largely comprised of income producing investments. Securities like dividend growth stocks, high quality bonds and CDs should be the main focus in order to deliver a steady income that retirees can live off of for the rest of their lives. Small allocations to riskier asset classes like small caps and junk bonds for a little extra boost are OK too.</span>
The Company That Invented Onewheel® Raises $3.2M In Series A Funding Round
2016-02-09T15:30:11.004480-05:00https://www.thetrustedinsight.com/investment-news/the-company-that-invented-onewheel-raises-32m-in-series-a-funding-round-20160209776/
Future Motion Inc., makers of the popular Onewheel, the revolutionary electric boardsport, today announced it closed $3.2 million in Series A funding to expand operations, ship more Onewheels and innovate next-generation products.
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Super Bowl Meets Venture Capital
2016-02-08T11:19:07.266525-05:00https://www.thetrustedinsight.com/investment-news/hall-of-fame-football-meets-vc-joe-montana-and-ben-horowitz-on-the-intersection-between-sports-and-vc-20160208680/
Happy Super Bowl Sunday! Joe Montana joins a16z's Jeff Jordan, and Ben Horowitz to discuss the interesting cross-section between sports and venture capital. <br />
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Future Motion Raises $3.2M In Series A
2016-02-05T15:30:11.001296-05:00https://www.thetrustedinsight.com/investment-news/future-motion-raises-32m-in-series-a-20160205576/
Makers of the popular Onewheel, the revolutionary electric boardsport, today announced it closed $3.2 million in Series A funding.
Seebo Raises $8.5M Funding Round To Make IoT Simple
2016-02-04T17:30:17.791930-05:00https://www.thetrustedinsight.com/investment-news/seebo-raises-85m-funding-round-to-make-iot-simple-20160204520/
The company also announced that Ori Bendori, General Partner at Carmel, will join its Board of Directors.
TuringSense, Wearable Sports Technology Start-up, Raises $3M In Seed Funding
2016-02-04T12:00:12.872499-05:00https://www.thetrustedinsight.com/investment-news/turingsense-wearable-sports-technology-start-up-raises-3m-in-seed-funding-20160204494/
Investors Hail From Angel Plus, China Rock Capital, Ideosource and more.
American Capital Puts Itself Up For Sale After Sharp Criticism By Major Investor
2016-02-01T18:09:44.779098-05:00https://www.thetrustedinsight.com/investment-news/american-capital-puts-itself-up-for-sale-after-sharp-criticism-by-major-investor-20160201317/
<p style="line-height: 18.9091px;">American Capital, a Bethesda-based private-equity firm and longtime player on the Washington financial scene, has hired Goldman Sachs and Credit Suisse as it puts itself up for sale after a hedge fund slammed it for poor performance and overly generous compensation. American Capital, which calls itself a publicly traded, private-equity firm (ticker ACAS) “has dramatically underperformed the broader market from its pre-crisis peak to current levels,” said Elliott Management, which owns nearly 9 percent of the firm’s stock.</p>
NEA Joins $35M Series B For Branch Metrics
2016-01-30T10:00:22.145299-05:00https://www.thetrustedinsight.com/investment-news/nea-joins-35m-series-b-for-branch-metrics-20160130228/
New investor Founders Fund led the round with participation from all existing investors, including New Enterprise Associates (NEA), Pejman Mar Ventures, Cowboy Ventures, Zach Coelius, and Ben Narasin, and new investor Madrona Venture Group.
Why Investors Are Following Musk, Bezos In Betting On The Stars
2016-01-29T14:58:39.726888-05:00https://www.thetrustedinsight.com/investment-news/why-investors-are-following-musk-bezos-in-betting-on-the-stars-the-washington-post-20160129198/
Last year, when Google and Fidelity invested $1 billion into Elon Musk’s SpaceX, one of the company’s earliest backers also wanted to get in on the latest round of funding. But SpaceX ever-so politely asked Steve Jurvetson’s Silicon Valley venture capital firm to kindly hold off. SpaceX, one of the hottest enterprises in the rising commercial space industry, suddenly could afford to turn money away.