A producer of "smart home" software that helps landlords cut operating costs such as shuttling keys to waiting maintenance workers or guiding tours for prospective tenants has raised $32 million from Bain Capital Ventures and the owners of nearly 1 million U.S. apartments.
Also: AP7 blacklists seven more stocks including cannabis company; Danica Sweden rebrands following sale. : One of the big challenges we face, both in the financial world and in everyday life, is how to overcome our biases Fundamental investment success involves developing a view on global trends and future market directions as well as identifying relevant investments that are aligned with this strategy. This second step of the process is long and labourious. Swedish pension fund AMF has signed a deal with German vehicle manufacturer Volkswagen to invest over SEK2bn (EUR200m) in the company's heavy truck and bus division, Traton.
The Broadsheet for June 19.: Good morning, Broadsheet readers! Women are missing out on jobs in clean energy, ITV won't commission comedies from all-male writing teams anymore, and #MeToo reports slow down. Have a lovely Wednesday. * #MeToo malaise? Have we reached the point of #MeToo malaise? New data from crisis consulting firm Temin and Company finds that last month saw 12 high-profile allegations. That's the lowest monthly total since claims against movie mogul Harvey Weinstein ignited the #MeToo movement in the fall of 2017 and a dramatic drop from a peak of 143 last October.
On deals and dealmakers. : Slack is about to hit the public markets on Thursday via a direct listing, and all eyes are on the company. The popular workplace messaging platform is expected to list on the New York Stock Exchange in the second major direct listing in the U.S. after Spotify. Slack was valued at $7.1 billion when it last raised a private round of funding in August 2018.
Current consultant StepStone Real Estate is allowed to bid for the new contract. : Teachers' Retirement System of the State of Illinois (TRS Illinois) is investing in Lone Star's sixth real estate fund and plans to issue a request for proposal for a consultant for its $7.4bn (EUR6.6bn) real estate portfolio. TRS Illinois said it approved a $300m commitment to the Lone Star Real Estate Fund VI at last week's board meeting. Lone Star is seeking to raise $3bn for Real Estate Partners VI, a fund that will make debt and equity investments in Western Europe, North America and Asia.
Enboarder said June 19 that it raised $8 million in a Series A round led by Greycroft. New investors including Next Coast Ventures and Stage 2 Capital also participated. Enboarder, of Austin, provides cloud-based [...]
Oxford University says its Schwarzman Centre will consider the impact of artificial intelligence. : Huawei CEO Ren Zhengfei said in an interview with CNBC the company's business is still strong in China. The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.
Riskfirst And Insight Partner To Provide Improved Investment Fund Modelling And Analytics To The Uk Db Pensions Industry
LONDON--(BUSINESS WIRE)--Insight Investment, one of the world's largest global asset management companies, and financial technology company, RiskFirst, are joining forces to significantly improve ease of fund modelling for the UK defined benefit (DB) pensions market. Insight will upload data and characteristics of its LDI pooled funds and its buy-and-maintain funds into RiskFirst's PFaroe modelling system, making them available for use across RiskFirst's UK client base of consultants and pensio.
Clearlake Capital Group LP said June 19 that it completed its previously announced buy of Dude Solutions. Waburg Pincus was the seller. PRESS RELEASE CLEARLAKE CAPITAL COMPLETES THE ACQUISITION OF DUDE [...]
Psikick Rebrands To Everactive; Announces Next-generation Products; Raises $30M To Grow Batteryless Solutions For Industrial Internet Of Things | Business Wire
SANTA CLARA, Calif.--(BUSINESS WIRE)--#Batteryless--PsiKick, the company pioneering wireless, batteryless IoT systems, has changed its name to Everactive and closed a $30 million funding round.