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October 19, 2020

Smithsonian’s Investment Office Was 'A Startup Inside A 160-Year-Old Organization,’ Says CIO Amy Chen | Q&A

Amy Chen is the first chief investment officer at the Smithsonian Institution, the world’s largest museum, educational and research complex, since 2006. In this interview, she discussed how the investment office was like a startup inside of a 160-year-old organization, how they addressed their liquidity concern going into the recent market drawdown, and why European venture is an area they're excited about.
Read by 48% of LPs 4 hours, 37 minutes ago

Firm Capital Apartment Real Estate Investment Trust Announces Senior Management Changes

TORONTO, Oct. 22, 2020 /CNW/ - Firm Capital Apartment Real Estate Investment Trust (the "Trust"), (TSXV:FCA), (TSXV:FCA) is pleased to announce the promotion of Sandy Poklar to President & Chief Executive Officer and the appointment of Mark Goldreich to Chief Financial Officer, subject to regulatory approval. Mark Goldreich has been the VP Finance and Controller of the Trust since 2019 and has been with the Trust since 2016. Mark Goldreich is a CPA. Sandy Poklar has been the Chief Financial Officer of the Trust since 2016 when the Trust went through its transformation from its predecessor entity.
Read by 77% of LPs 5 hours, 7 minutes ago

Qic Hires Former Frontier Infrastructure Head

QIC has named a new portfolio manager for its $1.8 billion core infrastructure fund, previously managed by Ross Israel and Matina Papathanasiou.
Read by 52% of LPs 6 hours, 7 minutes ago

Hedge Fund Magnate Is Moving His $41B Firm From N.y. To Florida - The New York Times

The firm, Elliott Management, led by Paul Singer, will transfer its headquarters to West Palm Beach, Fla., because of the pandemic.
Read by 73% of LPs 6 hours, 27 minutes ago

Bridgehealth Merges With Transcarent; Completes $40M Series A Funding

Combined entity will create a better experience and improved outcomes for employees and dependents of self-insured employers by providing greater access, choice, and transparency DENVER, October 22, 2020-- BridgeHealth, the industry-leading provider of surgical advocacy and centers of excellence (COE) programs for large, self-insured organizations and their members, today announced a merger with Transcarent, a Silicon Valley-based consumer digital health company, as part of a $40 million Series A financing round. BridgeHealth will continue to provide its platform to employers with self-insured group health plans while introducing new high-touch, high-tech navigation services and solutions built using the Transcarent technology stack.
Read by 55% of LPs 6 hours, 27 minutes ago

Aidash Secures $6M In Series A Funding, Led By Benhamou Global Ventures And National Grid Partners

Funding accelerates AiDash towards rapid global expansion as it empowers utility and energy industries with satellite-powered operations & maintenance SANTA CLARA, Calif., October 22, 2020-- AiDash, a San Francisco Bay Area-based leading satellite analytics company, today announced that it has raised $6 million in a Series A funding round led by Benhamou Global Ventures (BGV) and National Grid Partners (NGP). At a time when wildfires, hurricanes, pipeline leaks and power outages have proved catastrophic to the utility and energy industries, AiDash is helping them mitigate these problems and be resilient using satellite data and AI at scale.
Read by 46% of LPs 6 hours, 37 minutes ago

Arctic Wolf Secures $200m In Series E Funding At A Valuation Of $1.3B

EDEN PRAIRIE, Minn., October 22, 2020-- Arctic Wolf(r), the leader in security operations, today announced it has raised $200 million in Series E funding at a valuation of $1.3 billion. The funding round was led by Viking Global Investors, with additional participation from DTCP and existing investors. This new round of funding will enable Arctic Wolf to accelerate the introduction of new security operations offerings, address new markets, and further cement its leadership position in the security operations and managed detection and response (MDR) markets. Using the cloud-native Arctic Wolf Platform, Arctic Wolf provides security operations as a concierge service.
Read by 58% of LPs 6 hours, 37 minutes ago

Orbus Therapeutics Expands Series A Financing To $71M To Support Ongoing Stellar Phase 3 Study In Rare Brain Cancer

Orbus Therapeutics Expands Series A Financing to $71 Million to Support Ongoing STELLAR Phase 3 Study in Rare Brain Cancer PALO ALTO, Calif., October 22, 2020-- Orbus Therapeutics Inc., a private, late-stage biopharmaceutical company focused on the development and commercialization of therapies that treat rare diseases, today announced that that it has closed an expansion of its Series A financing. As part of this expanded financing, Abingworth LLP has joined the existing Series A investors led by Longitude Capital, H.I.G. BioVentures and Adams Street Partners.
Read by 48% of LPs 7 hours, 37 minutes ago

Coastal Power Plants Scale Up Coal Imports, As Freight, Other Imposts Jack Up Local Fuel Prices - The Financial Express

Coastal power plants in the southern and western India, being away from the Coal India (CIL) pit heads, are finding imported coal, especially shipments from Indonesia, far cheaper than domestic coal as high rail freight and assorted levies inflate the prices of the local variety.
Read by 43% of LPs 7 hours, 37 minutes ago

Commercial Real Estate Market Recovering In Third Quarter

After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an uncharacteristically high uptick -- but shifting dynamics cost New York City its top spot. Most years, investment increases about 9 percent from the second quarter to the third. This year it soared 37 percent, Bloomberg reported, citing data from Real Capital Analytics. The normally robust Manhattan real estate market has been hit particularly hard by the pandemic and dropped ... [more] The post NY falls behind Dallas, LA in CRE investment as deals surge nationwide appeared first on The Real Deal South Florida.
Read by 51% of LPs