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Transferwise Hits $3.5B Valuation And Plots Us Expansion, Ipo

One of the largest fintechs in Europe has boosted its valuation following a secondary funding round from investors including BlackRock. "We will be further expanding in the US sooner rather than later," CFO Matt Briers told Business Insider. Now valued at $3.5 billion, the London-based fintech maintains its intention to one day go public. While an IPO is on the cards, "private markets are both strong and liquid for companies like us," he said. TransferWise today announced it had secured secondary funding worth $292 million, making it the fifth most valuable unicorn on the continent.
Read by 48% of LPs 13 minutes ago

Area Infrastructure Projects Land $55.5M In Federal Funding | 2019-05

The Indianapolis Metropolitan Planning Organization chose 28 area projects to receive funding. It received requests for 69 projects totaling $180 million.
Read by 35% of LPs 13 minutes ago

Saudi Arabia Negotiating To Buy U.s. Natural Gas From Sempra Energy - The New York Times

The deal would be Saudi Aramco's first large purchase of American gas and signals that the country wants to extend its energy industry beyond oil.
Read by 72% of LPs 43 minutes ago

Recent Commercial Real Estate Transactions - The New York Times

Recent commercial real estate transactions in New York. : This five-story walk-up in the Fordham Heights neighborhood was built in 1925 and has 54 apartments. One is a studio, 31 are one-bedrooms, 13 are two-bedrooms, eight are three-bedrooms and one is a four-bedroom unit. The selling price is more than 11 times the total rent roll. All of the apartments are rent stabilized. The Egami Group, a marketing and communications agency, will move its headquarters 10 blocks north, to the 10th floor of a 16-story building in the garment district.
Read by 39% of LPs 43 minutes ago

Occidental Petroleum Cfo Cedric Burgher To Be Keynote Speaker On Day One Of The Oil & Gas Conference(r) 2019

DENVER, May 22, 2019 /PRNewswire/ -- EnerCom is pleased to announce that Senior Vice President and Chief Financial Officer of Occidental Petroleum (NYSE: OXY) Cedric Burgher will deliver the luncheon keynote address on Monday, August 12, 2019, at EnerCom's The Oil & Gas Conference(r) in...
Read by 58% of LPs 43 minutes ago

Vista Equity Partners Lines Up Binding Bid For Kantar - Sources

Private equity fund Vista Equity Partners has emerged as one of four U.S. bidders vying for a majority stake in WPP's data analytics firm Kantar, two sources close to the deal told Reuters.
Read by 80% of LPs 43 minutes ago

Ups To Buy Huge Amount Of Renewable Natural Gas To Power Its Truck Fleet

It's the largest purchase order by any company in the U.S.: Delivery giant UPS plans to buy a whopping 170-million-gallon equivalent of biogas converted from waste sources from provider Clean Energy over the next seven years to power its fleet of natural gas trucks, the company announced on Wednesday. The contract is a big deal because it's the largest of its kind, ever, in the United States. It also highlights how waste gas, also called renewable natural gas, is moving from a niche product into a more widely available zero-emission fuel source for private and public fleet operators.
Read by 77% of LPs 43 minutes ago

British Lawmakers Demand Their Pension Fund Divests Fossil Fuels

A third of British lawmakers called on Wednesday for their 700 million pound ($885 million) parliamentary pension fund to divest its holdings in fossil fuel companies to address the climate change "emergency".
Read by 55% of LPs 1 hour, 13 minutes ago

10 Must Read Items For Cre Investors On May 22, 2019 | National Real Estate Investor

HUD Secretary Ben Carson doesn't seem to know the meaning of the term REO, reports MarketWatch. Detroit approves a $1.6 billion Fiat Chrysler plant, according to the Associated Press. These are among today's must reads from around the commercial real estate industry.
Read by 62% of LPs 1 hour, 13 minutes ago

Imrf Backs Blackstone's New Global Real Estate Debt Fund | News | Ipe Ra

Pension fund commits $100m to Real Estate Debt Strategies IV. : Illinois Municipal Retirement Fund (IMRF) is among investors in Blackstone's latest global real estate debt fund. The $40.7bn (EUR36.4bn) pension fund said it had committed $100m to Blackstone Real Estate Debt Strategies (BREDS) IV. It is not known how much capital Blackstone is seeking to raise for the fund, but it secured $4.5bn for its predecessor in 2016.
Read by 68% of LPs 1 hour, 13 minutes ago

Seven Takeaways From Day Two Of Recon 2019 | National Real Estate Investor

Healthcare clinics are becoming more attractive retail center tenants, investors are willing to pay more for well-positioned retail assets in high-growth secondary markets.
Read by 30% of LPs