Investment fund

BC-based co-op, Propolis Cooperative Housing Society purchases first property to introduce affordable and sustainable housing development in Kamloops

Retrieved on: 
Mercredi, avril 3, 2024
Community, Tapestry, Organization, Partnership, City, Sale, Acquisition, The Co-operative Group, Housing, Heart, Investment fund, Universal design, The

All residential units will operate as non-profit cooperative housing and are targeted to be priced at 80% of CMHC’s median market rents in Kamloops.

Key Points: 
  • All residential units will operate as non-profit cooperative housing and are targeted to be priced at 80% of CMHC’s median market rents in Kamloops.
  • To acquire the property, Propolis secured a combination of financing from community bonds as well as impact and investment funds.
  • I think that the Propolis Cooperative Housing Society provides a model for what can be done in this and other cities."
  • Propolis is purchasing the parcel for $1 in exchange for an agreement to operate affordable cooperative housing on the site.

VCI Global Enters Into a Pivotal Partnership That Could Increase Its Client Portfolio Base

Retrieved on: 
Lundi, mars 25, 2024
Investment fund, SGX, Partnership, Sale, AI, IPO, Security (finance), Robotics, Fintech, Money, Initial public offering, Corporation

KUALA LUMPUR, Malaysia, March 25, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) a diversified holding company, focuses on consulting, fintech, AI, robotics, cybersecurity, and gamification.

Key Points: 
  • KUALA LUMPUR, Malaysia, March 25, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, or the “Company”) a diversified holding company, focuses on consulting, fintech, AI, robotics, cybersecurity, and gamification.
  • Today, it announced that it has entered into an agreement with W Capital Markets Pte Ltd (“W Capital”), a Singapore based company.
  • This partnership is for the purpose of introducing prospective clients to one another.
  • Under this proposed agreement, VCI Global will introduce clients to W Capital, who may have an interest in the investment banking services offered by W Capital.

Digital Realty to Host NVIDIA-Powered AI Supercomputer in Denmark

Retrieved on: 
Mardi, avril 2, 2024
Deep learning super sampling, H100, Digital Realty, Research, AI, DGX, Carbon, Novo Nordisk Foundation, Imagination, Investment fund, Export

The DGX SuperPOD also includes NVIDIA AI Enterprise software for pretrained models, optimized frameworks, and accelerated data science software libraries.

Key Points: 
  • The DGX SuperPOD also includes NVIDIA AI Enterprise software for pretrained models, optimized frameworks, and accelerated data science software libraries.
  • Chris Sharp, Chief Technology Officer at Digital Realty, commented, "Digital Realty is at the forefront of crafting the digital future, transcending mere infrastructure development to become architects of tomorrow.
  • We envision Digital Realty as more than a meeting place for AI; we aim to establish it as the premier nexus for private AI, where enterprises and data converge.
  • This collaboration between Digital Realty, the Novo Nordisk Foundation, EIFO, and NVIDIA marks a significant milestone in Denmark's AI research and innovation landscape.

Denmark to build one of the world's most powerful AI supercomputers, accelerating solutions to societal challenges

Retrieved on: 
Lundi, mars 18, 2024
Grace Hopper, Drug discovery, GPU, University, Biotechnology, Deep learning super sampling, Acceleration, H100, Business, Digital Realty, HPC, Research, AI, Deep learning, QPU, DKK, Graphics processing unit, Novo Nordisk Foundation, Ecosystem, Hopper, Safety, Investment fund, NVIDIA, Central processing unit, Government, Gefion, CPU, Export, Cryptocurrency

The collaboration is led on the Danish side by the Novo Nordisk Foundation and the Export and Investment Fund of Denmark (EIFO).

Key Points: 
  • The collaboration is led on the Danish side by the Novo Nordisk Foundation and the Export and Investment Fund of Denmark (EIFO).
  • "Drug discovery, disease diagnosis, and treatment, as well as complicated life science challenges, are examples of areas where extreme AI computing power can enable the positive transformation of our society.
  • The collaboration with NVIDIA and the resulting national AI innovation centre can help Denmark's brilliant researchers and innovators rise to the next level."
  • "Our government is committed to enhancing Denmark's global standing when it comes to cutting-edge technology alongside our unparalleled data resources.

Denmark to build one of the world's most powerful AI supercomputers, accelerating solutions to societal challenges

Retrieved on: 
Lundi, mars 18, 2024
Grace Hopper, Drug discovery, GPU, University, Biotechnology, Deep learning super sampling, Acceleration, H100, Business, Digital Realty, HPC, Research, AI, Deep learning, QPU, DKK, Graphics processing unit, Novo Nordisk Foundation, Ecosystem, Hopper, Safety, Investment fund, NVIDIA, Central processing unit, Government, Gefion, CPU, Export, Cryptocurrency

The collaboration is led on the Danish side by the Novo Nordisk Foundation and the Export and Investment Fund of Denmark (EIFO).

Key Points: 
  • The collaboration is led on the Danish side by the Novo Nordisk Foundation and the Export and Investment Fund of Denmark (EIFO).
  • "Drug discovery, disease diagnosis, and treatment, as well as complicated life science challenges, are examples of areas where extreme AI computing power can enable the positive transformation of our society.
  • The collaboration with NVIDIA and the resulting national AI innovation centre can help Denmark's brilliant researchers and innovators rise to the next level."
  • "Our government is committed to enhancing Denmark's global standing when it comes to cutting-edge technology alongside our unparalleled data resources.

Yara Growth Ventures invests in Dynelectro – an innovation leader in electrolysis technology for low-cost renewable hydrogen.

Retrieved on: 
Vendredi, mars 8, 2024
SOE, Heinz, Export, Investment fund, Electrolysis, Hydrogen, Renewable energy

Yara Growth Ventures invests in Dynelectro, who develops technologies to unlock the potential of solid oxide electrolysis (SOE).

Key Points: 
  • Yara Growth Ventures invests in Dynelectro, who develops technologies to unlock the potential of solid oxide electrolysis (SOE).
  • While SOE yields the highest possible efficiencies to produce renewable hydrogen and e-fuels, it has been suffering from system lifetime issues up to now.
  • The investment is part of Yara’s ambition to decarbonize fertilizer production and enable the hydrogen economy.
  • Investing in companies like Dynelectro realizes that strategy by supporting new technologies for the production of affordable low-emission end products.

Northern Trust Announces Leadership Changes

Retrieved on: 
Mercredi, février 7, 2024
Banking, Asset Management, Professional Services, Finance, Risk management, Securities lending, Bellows, Development, Professional, Investment fund, Management

Northern Trust announced that Clive Bellows, currently Head of EMEA Global Fund Services, will assume the role of President, Europe, Middle East and Africa (EMEA).

Key Points: 
  • Northern Trust announced that Clive Bellows, currently Head of EMEA Global Fund Services, will assume the role of President, Europe, Middle East and Africa (EMEA).
  • Bellows will succeed Teresa Parker, President, Europe, Middle East and Africa, who plans to retire at midyear, culminating a 42-year, globe-spanning career at Northern Trust.
  • “Teresa has been a tremendous partner in all aspects of our business, and we thank her for ably representing Northern Trust with professionalism, integrity and consummate leadership,” Chairman and Chief Executive Officer Michael O’Grady said.
  • Parker, who joined Northern Trust in 1982, created a strong foundation of risk management and sustainable growth across asset servicing, asset management and wealth management in the EMEA region.

Associated Capital Group, Inc. Reports Fourth Quarter and Full Year Results

Retrieved on: 
Mercredi, février 7, 2024
Organization, AC, Management, Investment fund, Insurance, SDCC, Berkshire Hathaway, AUM

In the first quarter of 2024, we completed the distribution of approximately $4.0 million to various organizations selected by our shareholders for our 2023 program.

Key Points: 
  • In the first quarter of 2024, we completed the distribution of approximately $4.0 million to various organizations selected by our shareholders for our 2023 program.
  • Fourth quarter revenues were $5.6 million compared to $7.5 million for the fourth quarter of 2022, based on lower average AUM and lower performance-based fees in 2023.
  • Net investment and other non-operating income was $26.7 million for the fourth quarter, an increase of $7.1 million from the $19.6 million recorded in the year ago quarter, reflecting the appreciation of our equity portfolios in this year’s fourth quarter in addition to interest income in the current quarter.
  • The fourth quarter of 2023 includes a Management fee of $2.4 million versus none in the fourth quarter of 2022 due to losses.

Keepit Secures $40 Million in Refinancing From HSBC Innovation Banking to Boost Growth

Retrieved on: 
Mardi, janvier 9, 2024
Technology, Finance, Security, Fintech, Banking, Professional Services, Software, Networks, Internet, Data Management, Silicon, Investment fund, Partnership, Export, Software as a service, Investment, Enterprise software, Silicon Valley Bank, Growth, Renewable energy

Keepit has today announced HSBC Innovation Banking, the global, specialised banking partner for businesses in cutting-edge sectors, has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO).

Key Points: 
  • Keepit has today announced HSBC Innovation Banking, the global, specialised banking partner for businesses in cutting-edge sectors, has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO).
  • The new $40 million refinancing package from HSBC Innovation Banking follows Keepit’s $30 million Series A funding round in 2020, and a total of $22 million debt financing in 2022 from Silicon Valley Bank UK, now HSBC Innovation Banking, and Vækstfonden, now the Export and Investment Fund of Denmark (EIFO), the national promotional bank and export credit agency of Denmark.
  • Morten Felsvang, CEO and co-founder at Keepit, commented:
    “We are very proud to have the continued backing of HSBC Innovation Banking.
  • Being part of this refinancing package, together with HSBC Innovation Banking, we reconfirm our trust in the company.”

KBRA Assigns Ratings to Sagard Senior Lending Partners RN-U LP

Retrieved on: 
Mercredi, décembre 20, 2023
Banking, Professional Services, Finance, Biophysical environment, Class, Jules Kroll, Asset quality, BBB, Partnership, Investment fund, KBRA, LP, European, ESG, Disclosure, LTV, Information management, Climate change, Policy, Investment, Risk management, Security (finance)

KBRA assigns a BBB rating to the Class A Notes, a BBB- rating to the Class B Notes, and a BB- rating to the Class C Notes (together, the “Notes”) issued by Sagard Senior Lending Partners RN-U LP (the “Issuer”, “Borrower”, or “Partnership”).

Key Points: 
  • KBRA assigns a BBB rating to the Class A Notes, a BBB- rating to the Class B Notes, and a BB- rating to the Class C Notes (together, the “Notes”) issued by Sagard Senior Lending Partners RN-U LP (the “Issuer”, “Borrower”, or “Partnership”).
  • Proceeds of the Notes along with the LP Interests will be used by the Partnership to invest primarily into direct lending assets to middle market companies.
  • As such, post commitment period, no proceeds will be distributed to the LP Interests until the Notes have been paid in full.
  • Manager Review: Sagard is a multi-strategy alternative asset management firm with more than US$15.7B under management, 125 portfolio companies, and 350 professionals.