Goldman Sachs

OMERS, Goldman Sachs Asset Management, AXA IM Alts Sign Agreement to Purchase 100% of amedes, a Leading Laboratory Services Provider

Friday, July 30, 2021 - 4:25pm

OMERS diversified portfolio of large-scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, digital services, transportation and government-regulated services.

Key Points: 
  • OMERS diversified portfolio of large-scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, digital services, transportation and government-regulated services.
  • About the Goldman Sachs Asset Management Infrastructure business:
    Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance.
  • Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure.
  • Established in 2006, the Infrastructure business within Goldman Sachs Asset Management has consistently navigated the evolving infrastructure asset class, having invested approximately $13 billion in infrastructure assets across market cycles since its inception.

Dole plc Announces Pricing of Initial Public Offering

Friday, July 30, 2021 - 2:35am

Dole plc, a newly created company formed for the combination of Total Produce plc and Dole Food Company, Inc., announced today the pricing of its initial public offering of 25,000,000 ordinary shares at a price of $16.00 per share.

Key Points: 
  • Dole plc, a newly created company formed for the combination of Total Produce plc and Dole Food Company, Inc., announced today the pricing of its initial public offering of 25,000,000 ordinary shares at a price of $16.00 per share.
  • The ordinary shares are being offered by Dole plc for total gross proceeds of $400 million, before deducting underwriting discounts and commissions and offering expenses.
  • In addition, the underwriters have been granted a 30-day option to purchase up to an additional 3,750,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions.
  • Goldman Sachs & Co. LLC, Deutsche Bank Securities and Davy are acting as lead book-running managers for the offering.

Gregory K. Palm Joins Olatec Therapeutics’ Board of Directors

Thursday, July 29, 2021 - 11:25am

Olatec Therapeutics LLC, a leader in the developing class of selective NLRP3 inhibitors, today announced that Gregory K. Palm, currently a senior advisor to The Goldman Sachs Group, has been elected to Olatecs Board of Directors in connection with his making a substantial equity investment in the Company.

Key Points: 
  • Olatec Therapeutics LLC, a leader in the developing class of selective NLRP3 inhibitors, today announced that Gregory K. Palm, currently a senior advisor to The Goldman Sachs Group, has been elected to Olatecs Board of Directors in connection with his making a substantial equity investment in the Company.
  • Summarizing his reasons for joining Olatecs Board of Directors, Greg Palm stated, Olatec is developing an impressive platform of drug candidates.
  • Reflecting on Mr. Palms election, Olatecs CEO & Chairman, Damaris B. Skouras said: Gregs brilliant intellect, character and expertise make him an ideal addition to our Board of Directors.
  • Any forward-looking statements contained in this release are based on assumptions made by Olatec at the time this Press Release was prepared.

Experts Say Copper Shaping Up to be the New Oil as Demand Soars

Wednesday, July 28, 2021 - 1:30pm

Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions.

Key Points: 
  • Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions.
  • In fact, discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen, the report said.
  • Moving the global economy toward net zero emissions remain a core driver of the structural bull market in commodities demand, in which green metals - copper in particular - are critical."
  • Ripple effects into non-green channels mean the 2020s are expected to be the strongest phase of volume growth in global copper demand in history", it added.

Experts Say Copper Shaping Up to be the New Oil as Demand Soars

Wednesday, July 28, 2021 - 1:30pm

PALM BEACH, Fla., July 28, 2021 /PRNewswire/ -- Although gold, silver and lithium are metals that get most of the press, copper is viewed by experts as one of the most important battery metals. Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions. Goldman Sachs has also declared copper "the new oil" expecting copper to set an all-time high in 2022. It's been reported that Goldman Sachs has argued that the critical role copper will play in achieving the Paris climate goals cannot be understated. Without serious advancements in carbon capture and storage technology in the coming years, the entire path to net zero emissions will have to come from abatement - electrification and renewable energy. The article continued: "As the most cost-effective conductive material, copper sits at the heart of capturing, storing and transporting these new sources of energy. In fact, discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen, the report said. Moving the global economy toward net zero emissions remain a core driver of the structural bull market in commodities demand, in which green metals - copper in particular - are critical."  Active stocks in the markets this week include Pampa Metals Corp. (OTCQX: PMMCF) (CSE: PM), Teck Resources Limited (NYSE: TECK) (TSX: TECK.A), First Quantum Minerals Ltd. (OTCPK: FQVLF) (TSX: FM), Capstone Mining Corp. (OTCPK: CSFFF) (TSX: CS), Lundin Mining Corporation (OTCPK: LUNMF) (TSX: LUN).

Key Points: 
  • Goldman Sachs stated copper is the most critical material in the world's path toward zero emissions.
  • In fact, discussions of peak oil demand overlook the fact that without a surge in the use of copper and other key metals, the substitution of renewables for oil will not happen, the report said.
  • Moving the global economy toward net zero emissions remain a core driver of the structural bull market in commodities demand, in which green metals - copper in particular - are critical."
  • Ripple effects into non-green channels mean the 2020s are expected to be the strongest phase of volume growth in global copper demand in history", it added.

First American Financial Corporation Prices Senior Notes Offering

Wednesday, July 28, 2021 - 3:30am

First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the pricing of a public offering of $650 million of its 2.40 percent senior notes due 2031.

Key Points: 
  • First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the pricing of a public offering of $650 million of its 2.40 percent senior notes due 2031.
  • The notes will be general senior unsecured obligations of the company and will rank equally in right of payment with the companys existing and future senior unsecured indebtedness.
  • J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as the joint book-running managers for the offering.
  • First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889.

New Goldman Sachs and Bipartisan Policy Center Report Shows Action Needed to Increase Small Businesses’ Access to Capital

Tuesday, July 27, 2021 - 7:21pm

A new report released today by Goldman Sachs 10,000 Small Businesses Voices in conjunction with the Bipartisan Policy Center shows the strain small business owners across the country are feeling as federal Paycheck Protection Program (PPP) funding is depleted.

Key Points: 
  • A new report released today by Goldman Sachs 10,000 Small Businesses Voices in conjunction with the Bipartisan Policy Center shows the strain small business owners across the country are feeling as federal Paycheck Protection Program (PPP) funding is depleted.
  • In June, 82% of small business owners in a Goldman Sachs 10,000 Small Businesses Voices survey said their PPP funds would run out by the end of July.
  • While PPP was broadly effective in sustaining employment at small businesses, its design reflected underlying disparities in access to finance.
  • Goldman Sachs 10,000 Small Businesses Voices is an initiative for program participants to organize and advocate for policies that matter to them.

Cadre Continues Building Commercial Business with Veteran Industry Leaders

Tuesday, July 27, 2021 - 2:00pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210727005115/en/
    Dans extensive investment experience has helped Cadre continue offering investors unparalleled access to institutional-quality assets, said Ryan Williams, Cadre co-founder and CEO.
  • Ms. Anderson joined Cadre in January 2021 from Airbnb, where she was a manager on the Business Finance & Analytics team.
  • Her prior experience spans finance and business strategy within financial services and technology, including at RealtyShares, Goldman Sachs and Morgan Stanley.
  • Cadre has also built a groundbreaking secondary market for commercial real estate enabling investors to have the potential to seek liquidity3.

Enfusion Creates Customized Trading Workflow for Goldman Sachs Asset Management

Tuesday, July 27, 2021 - 2:00pm

NEW YORK andLONDON and HONG KONG, July 27, 2021 /PRNewswire/ -- Enfusion ,a global leader in nativecloud-based investment management technology software and services, announced today that Goldman Sachs Asset Management's Alternative Investments & Manager Selection (AIMS) co-investment business has selected Enfusion to provide investment management technology solutions and middle- and back-office managed services.

Key Points: 
  • NEW YORK andLONDON and HONG KONG, July 27, 2021 /PRNewswire/ -- Enfusion ,a global leader in nativecloud-based investment management technology software and services, announced today that Goldman Sachs Asset Management's Alternative Investments & Manager Selection (AIMS) co-investment business has selected Enfusion to provide investment management technology solutions and middle- and back-office managed services.
  • Enfusion's seam-free front to back-office platform and APIs allow the fund's portfolio managers to manage orders across all asset classes.
  • Outsourcing these efforts will allow the AIMS team to focus more on core trading activity, streamlining the investment process.
  • Goldman Sachs Asset Management is the primary investing arm of The Goldman Sachs Group, Inc. (NYSE: GS).

Cresset Forms Partnership with Asset Management Advisors, Expands Presence in the Texas Market

Tuesday, July 27, 2021 - 1:00pm

HOUSTON, July 27, 2021 /PRNewswire/ -- Cresset Asset Management (" Cresset ") announced today that it has partnered with Asset Management Advisors, Inc., a boutique family office based in Houston and founded by Lynn Mathre .

Key Points: 
  • HOUSTON, July 27, 2021 /PRNewswire/ -- Cresset Asset Management (" Cresset ") announced today that it has partnered with Asset Management Advisors, Inc., a boutique family office based in Houston and founded by Lynn Mathre .
  • Asset Management Advisors offers wealth management services to high-net-worth individuals, families, trusts, and foundations.
  • Cresset offers access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning, and other services through Cresset Asset Management, LLC.
  • Cresset Asset Management, LLC, and Cresset Partners, LLC, are SEC registered investment advisors.