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Smart City-focused Venture Funds Worth $160M Launched In Singapore

The funds are Singapore-based GBCI Ventures' $100-million smart city fund and CleanGrid Partners' $60-million clean energy fund. The post Smart city-focused venture funds worth $160m launched in Singapore appeared first on DealStreetAsia.
Read by 41% of LPs 15 minutes ago

Galaxy Digital Is Raising A Credit Fund For Crypto Companies

Galaxy Digital, founded by bitcoin king Michael Novogratz, is raising at least $250 million for a credit fund to offer loans to cryptocurrency firms, according to people familiar with the matter. Borrowers will be able to get a loan by using cryptocurrencies, buildings, and cryptocurrency mining machines as collateral. Galaxy has been lending to crypto firms on its balance sheet since last year, and it has seen growing demand from borrowers amid the downturn in cryptocurrency.
Read by 48% of LPs 15 minutes ago

Commercial Real Estate | Real Estate Finance | Jll

Global commercial real estate investment topped $730 billion last year in the top 30 cities, as investors around the world poured in a record amount. The news wasn't all good, as investment was expected to fall this year. London maintained its position in the top spot from 2017, according to a newly-released JLL report, which ranks 30 cities with the largest investment worldwide. New York overtook Los Angeles for the second spot in 2018 -- ... [more]
Read by 75% of LPs 15 minutes ago

Soylent Cofounder Has A New Nicotine Gum Startup Called Lucy

The cofounder and former chief marketing officer of Soylent has a new startup that makes nicotine gum, he told Business Insider. Called Lucy, the new company is a product of esteemed Silicon Valley startup hub Y Combinator and has $5 million in venture funding from backers like Refactor Capital and Greycroft. Unlike existing nicotine gums, Lucy is sold online and operates on a subscription model, like Soylent. The founder claims it's also significantly better tasting and easier to use than products like Nicorette.
Read by 54% of LPs 15 minutes ago

Corporate Chiefs Look Past Economic Risks And Pin Hopes On Trump For Trade Deal - The New York Times

From left, the chief executives Jaime Dimon of JPMorgan Chase, Randall Stephenson of AT&T and Dennis Muilenburg of Boeing are among those who have publicly expressed confidence that the economy will continue to grow despite potential obstacles.
Read by 72% of LPs 15 minutes ago

Startup Investors Are Overlooking A Huge Investment Opportunity In Germany -- Here's How They Can Take Advantage

Germany boasts a robust and growing startup ecosystem, but would-be investors often overlook significant opportunities because the market can be difficult to understand. That's changing rapidly as the market becomes more visible. In the first half of 2018 alone, Germany saw 272 funding rounds -- worth EUR2.4 billion, according to EY. In Germany's Startup Investment Guide 2019, Grunderszene provides a step-by-step playbook for investors who want to take advantage of startup investment opportunities in Germany.
Read by 77% of LPs 25 minutes ago

Hedge Fund Manager John Paulson Praises Trump Accomplishments, Says He Would Re-elect Him

Hedge fund manager John Paulson believes President Donald Trump has achieved much since taking office and remains a supporter. : Hedge fund manager John Paulson believes President Donald Trump has achieved much since taking office and remains a supporter of the Republican. "Aside from the messaging, I think he's accomplished a great deal and I'm supportive of him," Paulson said in an "According to Sources" podcast. "Generally, I've been pretty supportive of the policies that he's pursued and, you know, I'd be supportive of him again if he did run for president."
Read by 41% of LPs 25 minutes ago

Billionaire Ken Griffin Buys The Most Expensive Home Ever Sold In The Us

Hedge fund billionaire Ken Griffin has been on an unprecedented global shopping spree for real estate. : Hedge fund billionaire Ken Griffin closed a deal to buy the most expensive home ever sold in the U.S., paying around $238 million for a New York penthouse overlooking Central Park. The deal is the largest in Griffin's recent $700 million, global real estate shopping spree, believed to be the largest ever for a U.S. billionaire. Over the past few years, the founder and CEO of Citadel has purchased the most expensive homes in Chicago, Miami and New York.
Read by 36% of LPs 1 hour, 55 minutes ago

Hedge Funds Hunt For Brexit Bargains

(Bloomberg Opinion) -- That most bargain-hungry of corporate shoppers, Elliott Management Corp., might be about to put a chunky stake in a British retailer into its basket. Paul Singer's activist hedge fund is looking at plans to acquire a big holding in electrical goods specialist Dixons Carphone Plc, according to Sky News. Neither Elliott nor Dixons would comment on Tuesday, and the Sky story said the fund's investigations might come to naught. But there are several reasons why such a move would make sense.
Read by 34% of LPs 2 hours, 15 minutes ago

Orion Real Estate Partners Acquires 93-unit Value-add Apartment Complex In Denver Msa | Benzinga

LOS ANGELES, Jan. 23, 2019 /PRNewswire/ -- L.A. based Orion Real Estate Partners ("Orion") announced today that it has closed on the acquisition of Eagle Crest Apartments, a garden-style apartment community in Lakewood, Colorado. Built in 1960, the 93-unit property is located in the Lakewood North submarket, a desirable West Denver infill location surrounded by amenities and close to major employment hubs, entertainment, and transportation. Eagle Crest is well-positioned to cater to an underserved workforce renter population that has been priced out of ...Full story available on
Read by 80% of LPs 2 hours, 15 minutes ago

Why Baupost Group's Seth Klarman Is Called 'the Next Warren Buffett'

The global investment community took notice on Tuesday when billionaire hedge fund manager Seth Klarman issued a stern warning that increasing debt and global tensions could potentially bring on the next worldwide financial crisis. As CNBC reported, the warning in Klarman's annual letter to investors (which CNBC "Squawk Box" co-anchor Andrew Ross Sorkin wrote about in The New York Times) caused a stir at the annual World Economic Forum in Davos, Switzerland.
Read by 32% of LPs