Investment fund

Pegasus Capital Advisors names Dale Galvin to lead the Global Fund for Coral Reefs Investment Fund

Retrieved on: 
Thursday, July 14, 2022
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STAMFORD, Conn., July 14, 2022 /PRNewswire/ -- Pegasus Capital Advisors today announced the appointment of Dale Galvin, via his impact investment advisory firm Deliberate Capital, LLC, to lead the Investment Fund of the Global Fund for Coral Reefs ("GFCR").

Key Points: 
  • STAMFORD, Conn., July 14, 2022 /PRNewswire/ -- Pegasus Capital Advisors today announced the appointment of Dale Galvin, via his impact investment advisory firm Deliberate Capital, LLC, to lead the Investment Fund of the Global Fund for Coral Reefs ("GFCR").
  • Pegasus Capital Advisors, L.P. ("Pegasus"), a leading private equity impact fund manager, recently launched the Investment Fund of the GFCR with an anchor commitment from the Green Climate Fund.
  • About the Global Fund for Coral Reefs,
    The Global Fund for Coral Reefs is a target $625 million blended finance initiative comprised of a $500 million target size Investment Fund and $125 million target size Grant Fund.
  • The GFCR's Investment Fund is the first commercial-scale private equity impact investment fund targeting SDG14, life below water.

Stratio Announces a Global Framework Agreement with Keolis to Implement Predictive Maintenance and Remote Diagnostics 

Retrieved on: 
Tuesday, July 12, 2022
Technology, Remote diagnostics, Transport, Solution, Caisse, Maintenance, SNCF, Group, GLOBE, Kurito ole Kisio, Machine learning, Investment fund, Efficiency, Airline, Renewable energy

LISBON, Portugal and PARIS, July 12, 2022 (GLOBE NEWSWIRE) -- Stratio, the leading predictive fleet maintenance platform, and Keolis, a world leader in shared mobility, today announces the signing of a global framework agreement to enable predictive maintenance and provide remote diagnostic technologies to Keolis’ networks. As part of the agreement, Keolis’ Group, which operates in 14 countries, may use the Stratio Platform and benefit from Predictive Fleet Maintenance and Remote Diagnostics for buses and coaches."

Key Points: 
  • LISBON, Portugal and PARIS, July 12, 2022 (GLOBE NEWSWIRE) -- Stratio , the leading predictive fleet maintenance platform, and Keolis , a world leader in shared mobility, today announces the signing of a global framework agreement to enable predictive maintenance and provide remote diagnostic technologies to Keolis networks.
  • As part of the agreement, Keolis Group, which operates in 14 countries, may use the Stratio Platform and benefit from Predictive Fleet Maintenance and Remote Diagnostics for buses and coaches."
  • The Stratio solution, which is already deployed on several Keolis networks in France, allows maintenance staff to view and address vehicle failures.
  • Keolis commitment to innovating, automating, and digitizing their maintenance operations goes to show how much they value their own customers.

Saudi Arabia Elevator and Escalator Market Report 2022: Featuring Key Players Mitsubishi Electric, Hitachi, Hyundai Elevator - ResearchAndMarkets.com

Retrieved on: 
Friday, July 8, 2022
Commercial Building & Real Estate, Construction & Property, National Development Fund of Iran, Red Sea, Civil defense, USD, PIF, KONE, COVID-19, SASO, Saudi Central Bank, GCC, Jeddah Tower, Little League World Series (Middle East-Africa Region), Vision 2030, Elevator, REDF, FDI, Housing, NIS, Saudi Standards, Metrology and Quality Organization, Investment, Traction, Abraj Al Bait, NDF, NIF, Model Cities Program, National Infrastructure Reinvestment Bank, Investment fund, City, Shareek, Government, Maintenance, EMEA, Renewable energy, Weapon, Real estate, Country

The "Saudi Arabia Elevator and Escalator - Market Size and Growth Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Saudi Arabia Elevator and Escalator - Market Size and Growth Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
  • According to KONE, the Elevator's speed equipped for this building is 10m/s with elevator rope technology which enables 660 meters rise of the Elevator.
  • Saudi Arabia is the most prominent market amongst all the countries in the Middle East region for Elevators & Escalators.
  • 22 maintenance companies were authorized for inspection in 2018; therefore, these practices would likely increase the maintenance service market in Saudi Arabia.

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for June 2022

Retrieved on: 
Thursday, July 7, 2022
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LAS VEGAS, July 07, 2022 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for June 2022.

Key Points: 
  • The Company produced 707 self-mined bitcoin during Q2 2022, an 8% increase from 654 bitcoin mined in Q2 2021.
  • As of June 8, 2022, Marathon was informed that energization would likely occur during the month of June 2022.
  • However, as production ramps in the near future, Marathon may sell a portion of its monthly bitcoin production as needed to fund monthly operating costs.
  • Marathon is a digital asset technology company that focuses on supporting and securing the Bitcoin ecosystem.

Approaching its 40th Anniversary, Unit Trust Corporation (UTC) Expands to Jamaica

Retrieved on: 
Thursday, June 23, 2022
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PORT OF SPAIN, Trinidad and Tobago, June 23, 2022 /PRNewswire-PRWeb/ -- As an indigenous investment management company celebrating its 40th anniversary this year, the Unit Trust Corporation (UTC) is proud to recently announce the signing of its Joint Venture Agreement with GK Capital Management Limited (GK Capital), a subsidiary of GraceKennedy (GK) Limited to offer additional investment options to Jamaican investors.

Key Points: 
  • The Jamaican market can be characterized by a vibrant money market, a dynamic stock exchange, and close affiliations with US financial markets via money transfers.
  • The Unit Trust Corporation is one of the largest financial solutions providers in the Caribbean, with over TT$25.5 Billion (US$3.75 Billion) in Funds Under Management.
  • With nearly every household in Trinidad and Tobago invested with the Unit Trust Corporation, it is an indigenous institution with a strong foundation, standing side by side with over 617,000 strong Unitholders.
  • The Unit Trust Corporation is committed to having a meaningful impact and contributing to the development of its country and the region in extension.

Northern Trust Selected by Wilmington Trust to Support Market-Leading Collective Investment Trust (CIT) Platform

Retrieved on: 
Tuesday, June 14, 2022
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“CITs continue to be an increasingly popular investment vehicle to support the long-term investment goals of plan participants for the U.S. retirement plan space. Wilmington Trust needed a service provider with a deep understanding of this vehicle, the commitment and expertise to service plan participants’ unique needs, and the operational strength and technology to support the complexity of a diverse group of investment strategies,” said Rob Barnett, Executive Vice President and head of intermediary sales at Wilmington Trust. “Northern Trust’s expertise in both the CIT and pension space -- combined with their exceptional client service leveraging flexible and customizable technology -- makes for a quality experience that strives to bring CITs into the modern space.”

Key Points: 
  • Northern Trust (Nasdaq: NTRS) has been selected by Wilmington Trust, N.A.
  • The agreement offers Wilmington Trust a competitive edge by implementing the customized solutions, deep expertise, and innovative technologies provided by the Northern Trust team.
  • CITs continue to be an increasingly popular investment vehicle to support the long-term investment goals of plan participants for the U.S. retirement plan space.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

The Harbourfront Group Announces Partnership with Audax Private Equity

Retrieved on: 
Tuesday, June 14, 2022
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VANCOUVER, British Columbia, June 14, 2022 (GLOBE NEWSWIRE) -- The Harbourfront Group of Companies ("Harbourfront") which includes Harbourfront Wealth Management Inc., a Canadian independent wealth management and financial planning advisory firm, today announced a strategic investment from Audax Private Equity (Audax), valuing the company at an enterprise value of CAD $425 million.

Key Points: 
  • VANCOUVER, British Columbia, June 14, 2022 (GLOBE NEWSWIRE) -- The Harbourfront Group of Companies ("Harbourfront") which includes Harbourfront Wealth Management Inc., a Canadian independent wealth management and financial planning advisory firm, today announced a strategic investment from Audax Private Equity (Audax), valuing the company at an enterprise value of CAD $425 million.
  • The partnership with Audax will accelerate our companys organic growth plus better position us to grow by acquisition.
  • Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses.
  • Audax Private Equity has invested over $9 billion in more than 150 platforms and 1,100 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.

Vontobel Expands Retirement Plan Offerings With Quality Growth Collective Investment Trusts

Retrieved on: 
Thursday, June 2, 2022
Finance, Banking, Professional Services, Other Technology, Technology, Risk management, Trustee, STC, Time, Trust, Employee Retirement Income Security Act of 1974, Nature, Investment, Senior, SEI Investments Company, Investment Company Act of 1940, Solution, CITS-DT, Commonwealth, SEI, Risk, Technology, CIT, NASDAQ, Securities Act of 1933, Industry, Investment fund, Philosophy, Pennsylvania Department of Revenue, Security (finance), Financial services, Vontobel

The new offering expands investor access to reliable retirement solutions from Vontobels high-conviction, long-only equity strategies of its Quality Growth Boutique.

Key Points: 
  • The new offering expands investor access to reliable retirement solutions from Vontobels high-conviction, long-only equity strategies of its Quality Growth Boutique.
  • With SEI Trust Company (STC) as the Collective Investment Trust (CIT) trustee, the new offering consists of the following four strategies: the Vontobel International Equity Trust, the Vontobel Global Equity Trust, the Vontobel Emerging Markets Equity Trust, and the Vontobel US Equity Trust.
  • Long-term active management is an important tool to help create reliable retirement outcomes, added Craig Lombardi, Director, Sub-Advisory Business Development, Vontobel.
  • We believe the high conviction investment approach of our Quality Growth Boutique is ideal for retirement plans to help take advantage of the benefits of compounding of returns.

Apis & Heritage Capital Partners Completes First Two Transactions to Further Mission of Closing Racial Wealth Gap Through Novel Employee-Led Buyout Model

Retrieved on: 
Monday, June 6, 2022
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WASHINGTON, June 6, 2022 /PRNewswire/ -- Apis & Heritage Capital Partners (A&H), an investment fund that finances the conversion of companies with substantial Black and Brown workforces into 100% employee-owned businesses, today announced that it has converted Denver-based Apex Plumbing Co. and El Paso-based Accent Landscape Contractors Inc. into 100% employee-owned enterprises.

Key Points: 
  • Their novel "employee-led buyout" (ELBO) model is helping workers build wealth through ownership, especially Black and Brown workers who have historically been left out of such opportunities.
  • "Closing the racial wealth gap is why we created A&H.
  • The future is literally in their hands, and we couldn't be more excited for our company and its new owners, our employees.
  • Our focus is on scaling renewable energy for all, stimulating economic mobility, and ensuring equitable access to healthy and nutritious food.

T. ROWE PRICE RELEASES LATEST DEFINED CONTRIBUTION CONSULTANT RESEARCH STUDY

Retrieved on: 
Thursday, June 2, 2022
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BALTIMORE, June 2, 2022 /PRNewswire/ -- T. Rowe Price released today findings from its latest Defined Contribution Consultant Research Study. In partnership with Schaus Group, T. Rowe Price surveyed 32 defined contribution (DC) consultants and advisory firms—that provide services to more than 33,000 plan sponsor clients and report nearly $7.2 trillion in assets under advisement—to look at marketplace trends and factors driving plan sponsor decisions.

Key Points: 
  • New Research, Representing 33,000 Plan Sponsor Clients, Highlights Insights and Retirement Plan Trends
    BALTIMORE, June 2, 2022 /PRNewswire/ --T. Rowe Price released today findings from its latest Defined Contribution Consultant Research Study.
  • "We are pleased to have released this new iteration of the Defined Contribution Consultant Research Study with T. Rowe Price," said Stacy Schaus, founder and CEO of Schaus Group.
  • The Defined Contribution Research Study was conducted at the end of 2021 during the continued coronavirus pandemic.
  • The study population includes 32 defined contribution consulting surveyed from September 20, 2021, through November 8, 2021.You may visit troweprice.com/dcio and refer to the2021 Defined Contribution Research Study material for highlights from this study.