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Edtech Firm Unacademy Raises $440 Mn, Now Valued At $3.44 Bn

Bengaluru, Aug 2 (IANS): Online learning platform Unacademy on Monday said it has raised $440 million in a funding round led by Temasek, at a valuation of $3.44 billion. The Series H funding round also saw participation from General Atlantic, Tiger Global and Softbank Vision Fund.
Read by 67% of LPs 1 hour, 2 minutes ago

Bdt Capital Partners And Mubadala Strengthen Partnership With Acquisition Of Culligan International

NEW YORK and ABU DHABI, United Arab Emirates, Aug. 2, 2021 /PRNewswire/ -- BDT Capital Partners ("BDT"), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital (together "Mubadala"), today announced the transaction close of the acquisition of Culligan...
Read by 60% of LPs 2 hours, 2 minutes ago

Goldman Sachs Joins Wall Street Rivals In Boosting Junior Banker Salaries

The move establishes a new floor for compensation among major Wall Street investment banking programs. : Goldman Sachs is giving its junior bankers a pay raise, the last major Wall Street firm to do so in a year where record deal-making activity has led to fierce competition for workers. First-year analysts -- the most junior of investment bankers who are typically recent college graduates -- will be paid a $110,000 annual base salary, up from $85,000, according to a person with knowledge of the changes.
Read by 62% of LPs 3 hours, 32 minutes ago

Quant Hedge Funds Tipped To Flourish With Institutional Inflows Set To Rise

Quant hedge funds tipped to flourish with institutional inflows set to rise Submitted By Hugh Leask | 02/08/2021 - 1:10pm Pension funds and institutional investors are set to increase their allocations to computer-based hedge funds over the next 12 months, with FX and equities-focused strategies tipped to see the biggest rise, according to new industry research by fintech and quantitative analysis platform SIGTech. SIGTech's 'Hedge Fund Research Report 2021' polled 100 leading hedge fund managers across the US, the UK and Asia in June, collectively managing more than USD231 billion in assets.
Read by 40% of LPs 3 hours, 32 minutes ago

The Station: The Script For Elon Musk's Loop Drivers, Redwood Snags $700M And A Chat With Kodiak Robotics' Co-founder - Techcrunch

The Station is a weekly newsletter dedicated to all things transportation. Sign up here -- just click The Station -- to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. In [...]
Read by 68% of LPs 3 hours, 32 minutes ago

Wall Street Emerges As Gop's Villain Amid House Price Pinch

The single-family rental industry argues that institutions own only a fraction of the U.S. housing stock. : (Bloomberg) -- Conservatives looking for a fresh populist message to carry into 2022 are taking on Wall Street firms for buying up single family homes as rentals, attacking the growing practice as hurting the middle class. Blackstone Group Inc., KKR & Co. and other private-equity firms are increasingly making new investments in single-family homes to rent out, betting that the hot housing market will generate solid returns as the U.S. emerges from the coronavirus pandemic.
Read by 69% of LPs 4 hours, 2 minutes ago

Knife Therapeutics Bags $110M To Sharpen Solid Tumor Cell Therapy Push Into The Clinic | Fiercebiotech

T-knife Therapeutics bags $110M to sharpen solid tumor cell therapy push into the clinic ntaylor Mon, 08/02/2021 - 06:21.: Investors have flocked to T-knife Therapeutics, which has been taking aim at solid tumors, an area where cell therapies have struggled to perform as well as they have in some blood cancers. Just last year, the biotech raised EUR66 million ($78 million) and now has reeled in a further $110 million to support a multifront push into clinical trials.
Read by 74% of LPs 4 hours, 32 minutes ago

The Corporate Vaccine Gap - The New York Times

Partial mandates at Walmart and others may widen a class divide. : By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Lauren Hirsch and Ephrat Livni The tide has begun to turn on corporate vaccine mandates, with companies including Disney, Facebook, Google and Walmart recently introducing stricter requirements for employees returning to the workplace. But the policies come with some important caveats as executives juggle public health, labor relations and the bottom line. Walmart's vaccination mandate doesn't cover the company's most vulnerable employees: workers at its stores and warehouses.
Read by 62% of LPs 5 hours, 32 minutes ago

Major Asset Classes | July 2021 | Performance Review | The Capital Spectator

Most of the major asset classes continued to rise in July, led by US real estate investment trusts (REITs). Only stocks in emerging markets lost ground last month. For a second straight month, MSCI US REIT Index led the gainers with a red-hot 4.9% total return. The increase - the highest since last November - [...]
Read by 63% of LPs 5 hours, 32 minutes ago

David Brooks Reconsiders 'bobos In Paradise'

Illustrations by Kimberly ElliottThis article was published online on August 2, 2021.The dispossessed set out early in the mornings. They were the outsiders, the scorned, the voiceless. But weekend after weekend--unbowed and undeterred--they rallied together. They didn't have much going for them in their great battle against the privileged elite, but they did have one thing--their yachts.During the summer and fall of 2020, a series of boat parades--Trumptillas--cruised American waters in support of Donald Trump. The participants gathered rowdily in great clusters.
Read by 30% of LPs 6 hours, 57 minutes ago

Indian Edtech Unacademy Valued At $3.44 Billion In $440M Fundraise - Techcrunch

Indian online learning platform Unacademy has raised $440 million in a new financing round as investors double down on the South Asian market and elsewhere following a widening series of regulatory crackdowns in China that wiped hundreds of billions of dollars last month. Temasek led the Bangalore-based startup's new financing round while Mirae Asset and [...]
Read by 61% of LPs