NEW GLASGOW, NS, Jan. 16, 2019 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR) is pleased to announce $103.7 million in dispositions, including $41.6 million for a 50% interest in seven retail properties (the "Portfolio") to Firm Capital Property Trust ("FCPT"). These transactions are part of Crombie's previously announced plan to recycle capital from the sale of certain non-core, and/or lower growth assets with proceeds to be invested in Crombie's value-creating mixed use development pipeline. None of the assets discussed herein are included in Crombie's mixed use development pipeline.
DETROIT, Jan. 9, 2019 /PRNewswire-PRWeb/ -- Dickinson Wright PLLC is pleased to announce the election of 12 new member attorneys of the firm, effective January 1, 2019. "This year's class of new members represent a diverse range of practices and offices," says Michael Hammer, CEO of Dickinson Wright. "Each attorney brings an incredible set of qualities and skills that they have developed over their time here at Dickinson Wright. I congratulate each and every one of them on this well-deserved honor." Below is Dickinson Wright's new member attorneys for 2019: Frederick Dewey is a Member in the firm's Detroit office.
New FIRRMA regulations will have significant implications for real estate deals involving foreign investors. : Real estate and critical infrastructure investments in the U.S. involving foreign investments will soon be impacted by new natonal security review requirements. In August 2018, President Trump signed a law that will have significant impact on leasing, refinancing and developing real estate in the United States.
Janus Henderson appointed Michael Ho as its new global head of multi-asset and alternatives from UBS Asset Management. The former chief investment officer of investment solutions at UBS Asset Management in London will join the firm on 14 January next year, with responsibility for Janus Henderson's global asset allocation, multi-strategy and alternatives teams. Ho will also become a member of the executive committee at Janus Henderson Investors. His appointment is part of Janus Henderson's push to increase its multi-asset and alternatives activities, according to the firm.
The Eurekahedge Hedge Fund Index ended the month of November down 0.14%, dragging its year-to-date decline to 2.36%. Hedge fund managers struggled to position themselves to capture the upward movement in the equity markets as they recovered from the slump in October. Throughout the month, only 24.3% of the hedge fund managers tracked by the Eurekahedge Hedge Fund Index were able to outperform the global equity market, as represented by the MSCI AC World Index (Local) which gained 1.11% in November.
Learn the primary differences between hedge funds and private equity funds, both of which are utilized by high net worth investors.
KKR Makes $75 Million Investment and is Joined by CreditEase, Lion Tree Partners and Returning Investors Battery Ventures, Andreessen Horowitz and Ribbit Capital FORT LEE, N.J., December 6, 2018-- Cross River Bank ("Cross River" or the "Company"), a fast-growing provider of banking services for financial technology companies, announced today that it has completed a funding round of approximately $100 million, led by a $75 million equity investment from KKR. KKR is joined in the round by new investors, CreditEase and Lion Tree Partners, and by returning investors Battery Ventures, Andreessen Horowitz and Ribbit Capital.
Rope in people with operational expertise or exit track-record. : Private equity (PE) and venture capital (VC) are strengthening their teams by inducting partners who could add value to the investee companies or elevating people with good track-record on exits. Last week, Bangalore-based VC firm Kalaari Capital roped in Sreedhar Prasad from KPMG, where he was partner and head-consumer markets & internet business, advisory. Prasad will strengthen the team at Kalaari which has seen 3-4 exits over the last 12 months.
SAN FRANCISCO, Calif. and MANDEVILLE, La., November 30, 2018-- Thoma Bravo, a leading private equity investment firm focused on software and technology-enabled services, announced that it has agreed to acquire PEC Safety, a rapidly growing contractor management software and safety learning content provider that helps both hiring clients and contractors manage risk, safety, and compliance. The investment recognizes PEC's strong momentum and is expected to help the company broaden its software and content offerings. As part of the agreement, the company's management team and founders will retain a minority stake in the business.
With more than $370 million raised by B2B startups this week, investors are showing their support for companies that help other businesses embrace digitization. The cloud, artificial intelligence (AI) and robotics are all prevalent themes in this week's venture capital breakdown, with startups working to overhaul entire processes for their enterprise customers, from logistics to [...]