BOSTON--(BUSINESS WIRE)-- #CRE--Building Engines Raises An Additional $12.7 Million to Fuel Continued Growth. : Cash infusion further accelerates development of innovative commercial real estate platform and will help fund additional strategic acquisitions BOSTON--(BUSINESS WIRE)--Building Engines, the leading operations platform for commercial real estate owners, operators and occupants, today announced a $12.7 million investment led by existing investor, Wavecrest Growth Partners, with participation from River Cities Capital Funds, MassMutual Ventures and Camber Creek Ventures. This investment follows the investor group's initial investment of $26.5 million into Building Engines in 2016.
Real estate investors and property managers need to take an active approach to dealing with climate change. : Earlier this year Hurricane Dorian, an extremely powerful Category 5 tropical cyclone, churned through the Caribbean, devastating the Bahamas and the southeastern United States and leaving 70,000 people homeless. It was the strongest hurricane measured since 2005's Hurricane Wilma, with sustained winds of 185 miles per hour. While rescue workers, first responders, and survivors are busy picking up the pieces from this most recent disaster, another tropical storm may soon be on its way.
This TechCrunch Disrupt Battlefield startup wants to upend Wall Street's antiquated wealth management system. : The founders of Vise AI met when they were 13, a couple of teenagers more interested in applied artificial intelligence than English class. Fast-forward several years and the pair has relocated from the Midwest to San Francisco to raise money for a financial technology business they've been self-funding since 2016. As teenagers with an inordinate amount of AI knowledge, Samir Vasavada and Runik Mehrotra proved to be quite useful to large businesses, investment bankers and other financiers.
In an age of "unicorn" companies, which are private companies with billion-dollar valuations, and even trillion dollar companies, it can be difficult to mentally comprehend important financial metrics due to their enormity. Worldwide corporate profits are certainly one such measure, with many companies clearing hundreds of billions of dollars annually. One way to make the enormity of annual profits more comprehensible is to instead measure daily profits, and we'll take this strategy for our analysis. The data comes from the latest rankings of the Fortune Global 500.
Norway's Equinor has agreed to sell a 25% stake in Germany's Arkona offshore wind farm for around 500 million euros ($547.85 million), almost doubling the value of its investment, the company said on Thursday.
Digital Colony, Colony Capital's digital infrastructure investment platform, has named Leslie Wolff Golden as managing director. Previously, Golden worked at Macquarie Infrastructure and Real Assets where she was [...]
The Carlyle Group on Wednesday named John Kim as the managing director of its Asia buyout team. The post People Digest: KKR beefs up global impact team; Carlyle gets Asia buyout MD appeared first on DealStreetAsia.
KKR said Oct. 2 that Stanislas de Joussineau will lead KKR's Global Impact team in Europe, while Sharon Yang will join the unit as a senior investor in Asia. KKR Global Impact seeks to invest in opportunities where financial performance and societal impact are intrinsically aligned. NEW YORK - 2 October 2019 - KKR, a leading global investment firm, today announced senior appointments within KKR's Global Impact business, deepening its geographic reach and local impact. Stanislas de Joussineau will lead KKR's Global Impact team in Europe, and Sharon Yang will join KKR Global Impact as a senior investor in Asia.
AUSTIN, Texas, October 1, 2019-- Austin-based Escalate Capital Partners has announced a first close of Escalate Capital IV, LP ("the fund" or "Escalate IV") with $282 million of capital from returning and new limited partners. Limited partners in Escalate IV include JP Morgan Asset Management, The University of Texas/Texas A&M Investment Management Company, Bespoke Private Strategies, Cadence Bank, and Regions Bank, among others. The fund has a hard cap of $290 million. "We are appreciative of the confidence our limited partners have shown in our team and investment strategy," said Ross Cockrell, Managing Director.
Wintershall DEA agrees to sell its 5.0304 percent interest in the Nyhamna terminal to CapeOmega and its 13.2550 percent interest in the Polarled pipeline to Solveig Gas Norway.