Psp Invests In Telecommunications, Cppib In Biopharmaceuticals
The Public Sector Pension Investment Board is entering a definitive agreement with Loral Space & Communications Inc. and Telesat Canada to combine the two telecommunications businesses into a new Canadian public company. The PSP will own a 36.7 per cent interest in New Telesat as a result of the merger, expected to close in the ...
10 Must Reads For The Cre Industry On Dec. 4, 2020 | National Real Estate Investor
Blackstone and Colony Capital are taking advantage of the strong demand for industrial properties with new transactions, reports GlobeSt.com. Hotels are looking to air filtration and treatment systems to market their COVID-19 safety, according to The New York Times. These are among today's must reads from around the commercial real estate industry.
Institutional Investors Show Greater Interest In Suburban Offices | National Real Estate Investor
The possibility of higher levered returns is driving investor interest in class-A suburban office assets. : A demographic shift from urban to suburban life was already occurring prior to the COVID-19 pandemic, as millennials in their late 20s and early 30s were beginning to start families and move to the suburbs. As a result, employer and investor interest in suburban office assets was rising. The pandemic, however, has accelerated that trend, according to San Francisco-based Al Pontius, senior vice president, real estate investment services, at brokerage firm Marcus & Millichap.
Trump Throws One Final Curveball In His Beijing Battle
The US president's bid to throw errant foreign firms off the stockmarket may pose headaches for China. : The move is an effort to starve Chinese firms of funding, but it may impede Beijing's attempt to increase its control over Hong Kong - as the former British colony becomes an even more significant gateway between China and the world's financial markets. It also has significant bipartisan support - so is another sign that a change of president will likely do little to reduce tensions between the world's two significant superpowers.
Hightower Gets More Funding From Thomas H. Lee Partners
Wealth management firm Hightower announced today that investor Thomas H. Lee Partners has closed a secondary transaction with the firm. The latest commitment provides new capital to help "optimize Hightower's value-creation potential and growth strategy," according to the firms. THL, a private equity investment firm, originally invested in Hightower in 2018 with a $100 million stake. The firm will continue to be the lead investor in a new vehicle dedicated to Hightower that includes investments from funds advised by Goldman Sachs, Neuberger Berman and Coller Capital.
Vanguard Announces Senior Leadership Changes
VALLEY FORGE, Pa., Dec. 3, 2020 /PRNewswire/ -- Vanguard today announced several senior leadership changes. Chris McIsaac, currently head of Vanguard's Planning and Development Division, has been named head of Vanguard's International business. After 33 years of dedicated service, Jim...
Second Infrastructure Investment Plan For Mexico | White & Case Llp
Following our client alert published on October 12, 20201, described below are the projects announced in the Second Infrastructure Investment Plan, which includes 29 new projects, representing a total amount of MXN $228 billion pesos (approximately USD $11.4 billion). Second Infrastructure Investment Plan - On November 30, 2020, President Andres Manuel Lopez Obrador, together with the Business Coordinating Council, presented the Second Infrastructure Investment Plan, ratifying the Agreement...By: White & Case LLP.
Fantasy Startup Esports One Raises $4M More - Techcrunch
Esports One, a startup bringing the fantasy approach to esports, is announcing that it has raised an additional $4 million in funding. When I first wrote about Esports One in April, co-founder and COO Sharon Winter described it as the first "all-in-one fantasy platform" in the esports world, allowing you to research players, create fantasy teams and watch games, with an initial focus on the North American and European divisions of League of Legends.
Demo Day: 11 Startups Present Innovations, Partnership Deals Following Comcast Nbcuniversal Lift Labs Accelerator, Powered By Techstars
PHILADELPHIA--(BUSINESS WIRE)--Today marked the culmination of the third annual Comcast NBCUniversal LIFT Labs Accelerator, powered by Techstars, with 11 tech startups presenting their companies to hundreds of investors, mentors, and the entrepreneur community during this year's virtual Demo Day. During the 13-week accelerator program, these startups worked virtually due to the global pandemic alongside executives and experts from Comcast NBCUniversal and the Techstars network. These relationsh.
Onc.ai Raises $6M Financing Round Co-led By Blue Venture Fund And Accomplice | Business Wire
SAN CARLOS, Calif. & WATERLOO, Canada--(BUSINESS WIRE)--Onc.AI, a digital health company developing a novel oncology care management solution, announced today it has closed a $6M financing round co-led by Blue Venture Fund and Accomplice, with participation from KdT Ventures, Digitalis Ventures and prominent angel investors, including: The Operator Network (Frederic Kerrest, Executive Vice Chairman, COO and Co-founder, Okta), Jonathan Fleming (Chairman of Onc.AI and multiple VC-backed life scie.
Inside Lone Pine's 2020 Performance Through November
Summary List PlacementLone Pine -- the $30 billion Tiger Cub headquartered in Greenwich, Connecticut -- has soared in 2020. The equity manager has returned more than 23% in its flagship long-short fund after gaining roughly 1.6% last month, sources say. Its long-only fund though has been the real star of its offerings -- the fund is up more than 38% for the year after returning nearly 11% in November. The average hedge fund has recorded a 4% gain this year up to the end of November, according to Hedge Fund Research.