Gic

VNLIFE Announces Series B Funding Round Led by General Atlantic and Dragoneer

Retrieved on: 
Friday, July 30, 2021
Professional services, Data management, Technology, Other Technology, Finance, Banking, Finance, Money, Payment systems, Online payments, Dragoneer Investment Group, PayPal, Gic, General Atlantic, Dragoneer Investment Group, PayPal Ventures, EDBI, GENERAL ATLANTIC, DRAGONEER INVESTMENT GROUP, PAYPAL VENTURES, EDBI

VNLIFE Corporation Joint Stock Company (VNLIFE), a leading technology company pioneering the development of Vietnams digital ecosystem, today announced it has raised over $250 million in a Series B funding round led by General Atlantic and Dragoneer Investment Group, with participation by PayPal Ventures and EDBI.

Key Points: 
  • VNLIFE Corporation Joint Stock Company (VNLIFE), a leading technology company pioneering the development of Vietnams digital ecosystem, today announced it has raised over $250 million in a Series B funding round led by General Atlantic and Dragoneer Investment Group, with participation by PayPal Ventures and EDBI.
  • General Atlantic is thrilled to partner with VNLIFE, and we look forward to supporting the company through its next phase of growth.
  • Eric Jones, Partner, Dragoneer, said, VNLIFE is in a coveted position at the heart of Vietnamese consumers digital journey.
  • Choo Yong Cheen, Chief Investment Officer of Private Equity at GIC, said, "We are excited to welcome General Atlantic, Dragoneer, PayPal and EDBI as new shareholders in VNLIFE.

RBC re-invents investment solutions for Canadians by launching RBC ESG Market-Linked GIC and RBC North American MarketSmart GIC

Retrieved on: 
Tuesday, July 27, 2021
Gic, Finance, Environmentalism, ESG, Money, Ethical investment, Ethical banking, Governance, Economy, Environmental, social and corporate governance

RBC's first GIC based on ESG (Environmental, Social and Governance) factors, the RBC ESG Market-Linked GIC is purpose-built for investors who want to help make a difference in the world by including ESG considerations in their investment decisions.

Key Points: 
  • RBC's first GIC based on ESG (Environmental, Social and Governance) factors, the RBC ESG Market-Linked GIC is purpose-built for investors who want to help make a difference in the world by including ESG considerations in their investment decisions.
  • This ESG GIC is linked to a global index of environmentally and socially responsible organizations, all of which must first pass a set of rigorous ESG standards.
  • The RBC North American MarketSmart GIC is the first GIC of its kind at RBC to track the performance of a customized basket of stocks in 20 North American companies.
  • There are no minimum or maximum returns for those who invest in the RBC ESG Market-Linked GIC; there is a maximum cap, with a guaranteed minimum return, for those who invest in the RBC North American MarketSmart GIC.

Starbucks Transitions Retail Business in South Korea to E-Mart and GIC

Retrieved on: 
Tuesday, July 27, 2021
Retail, Restaurant, Bar, Food, Beverage, Starbucks, Coffee in Seattle, Drinks, Food and drink, Seattle, Gic, Tata Starbucks, Starbucks, E-Mart, GIC, STARBUCKS, E-MART, GIC

In addition, Starbucks Coffee Company has agreed to sell its remaining ownership share of Starbucks Coffee Korea Co., Ltd. to an affiliate of GIC Private Limited, (GIC), Singapores sovereign wealth fund.

Key Points: 
  • In addition, Starbucks Coffee Company has agreed to sell its remaining ownership share of Starbucks Coffee Korea Co., Ltd. to an affiliate of GIC Private Limited, (GIC), Singapores sovereign wealth fund.
  • This will give GIC a 32.5% ownership stake in Starbucks Coffee Korea Co., Ltd.
    As Starbucks fifth largest market, South Korea continues to be an important market for Starbucks, said Michael Conway, group president, International and Channel Development.
  • As a long-term investor, GIC is confident that Starbucks Coffee Korea will play an important role in setting retail coffee trends and further driving industry growth in South Korea.
  • As with all of Starbucks licensed markets, the company will continue to maintain a strong relationship with Starbucks Coffee Korea, leveraging Starbucks key global success drivers to enhance the local Starbucks Experience for customers and partners in Korea.

EQS-News: Partners Group to acquire AUD 620 million Travelodge hotel portfolio in Australia

Retrieved on: 
Friday, July 23, 2021
Hotels, Gic, Travelodge, Hospitality industry, Companies, Travelodge Australia

Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a portfolio of eleven Travelodge hotels in Australia with a Gross Asset Value of AUD 620 million, from Mirvac and NRMA.

Key Points: 
  • Partners Group, a leading global private markets firm, has, on behalf of its clients, agreed to acquire a portfolio of eleven Travelodge hotels in Australia with a Gross Asset Value of AUD 620 million, from Mirvac and NRMA.
  • Partners Group will acquire the portfolio in partnership with Singaporean sovereign wealth fund GIC and Australian hospitality operator Salter Brothers.
  • The portfolio is also set to benefit from a nationwide campaign launched this year that aims to increase domestic tourism.
  • This portfolio represents an excellent opportunity to acquire well-located assets and gain immediate scale in the sector at a discount to pre-pandemic prices.

Kohlberg & Company Completes $1.1 Billion Continuation Vehicle Transaction With BlackRock, GIC and Lexington Partners

Retrieved on: 
Tuesday, July 20, 2021
Banking, Professional services, Finance, Finance, Money, Investment, Kohlberg Kravis Roberts, Equity securities, Private equity secondary market, Kohlberg & Company, Private equity, Gic, Lexington Partners, Banking, Professional services, Finance, Finance, Money, Investment, Kohlberg Kravis Roberts, Equity securities, Private equity secondary market, Kohlberg & Company, Private equity, Gic, Lexington Partners, Kohlberg & Company, BlackRock Alternative Investors, GIC, Lexington Partners, KOHLBERG & COMPANY, BLACKROCK ALTERNATIVE INVESTORS, GIC, LEXINGTON PARTNERS

Kohlberg & Company (Kohlberg), a leading private equity firm with over 34 years of experience, closed a $1.1 billion Continuation Vehicle transaction co-led by affiliates of BlackRock, GIC and Lexington Partners.

Key Points: 
  • Kohlberg & Company (Kohlberg), a leading private equity firm with over 34 years of experience, closed a $1.1 billion Continuation Vehicle transaction co-led by affiliates of BlackRock, GIC and Lexington Partners.
  • The Continuation Vehicle encompasses the remaining assets of Kohlberg Investors VII (Fund VII), a 2012 vintage fund with $1.6 billion in capital commitments, and is the first continuation vehicle to be established by Kohlberg.
  • We are pleased to present Fund VIIs Limited Partners with this opportunity Kohlbergs first continuation vehicle, said Samuel P. Frieder, Managing Partner of Kohlberg.
  • We believe this transaction provides our Limited Partners with the maximum optionality to make the best choice for their investment objectives.

GIC Invests in Qmerit to Supercharge Electrification Efforts

Retrieved on: 
Monday, July 19, 2021
Finance, Economy, Money, Gic, Sovereign wealth fund, Schneider Electric

IRVINE, Calif., July 19, 2021 /PRNewswire/ -- GIC, Singapore's sovereign wealth fund, joins Lime Rock New Energy to invest in Qmerit, a leader in electrification and green energy transformation.

Key Points: 
  • IRVINE, Calif., July 19, 2021 /PRNewswire/ -- GIC, Singapore's sovereign wealth fund, joins Lime Rock New Energy to invest in Qmerit, a leader in electrification and green energy transformation.
  • GIC's investment is testament to Qmerit's track record of continued growth, strong management team, and expertise in electrification.
  • GIC will have a seat on the Qmerit Board of Directors alongside the most recent appointee Annette Clayton , the CEO of Schneider Electric's North American Operations.
  • Qmerit, headquartered in Irvine, California, simplifies the adoption of electrification products for residential and small business markets.

Boston Properties, CPP Investments and GIC Announce Office Co-Investment Program for Future Acquisitions

Retrieved on: 
Wednesday, July 14, 2021
Professional services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Finance, Government of Canada, CPP Investment Board, Canada Pension Plan, Gic, BXP, Money, Boston Properties, CPP Investments, GIC, BOSTON PROPERTIES, CPP INVESTMENTS, GIC

Boston Properties, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, Canada Pension Plan Investment Board ( CPP Investments ) and GIC announced today that they have established a co-investment program for future acquisitions of office properties in the United States.

Key Points: 
  • Boston Properties, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, Canada Pension Plan Investment Board ( CPP Investments ) and GIC announced today that they have established a co-investment program for future acquisitions of office properties in the United States.
  • The partners have targeted an aggregate of $1.0 billion of equity to the program, with BXP and CPP Investments each allocating $250 million and GIC allocating $500 million.
  • We are delighted to expand our relationship with CPP Investments and to begin a new relationship with GIC, two highly respected and experienced real estate investors, said Owen Thomas, CEO of BXP.
  • Employers in top global cities continue to seek best-in-class office environments that will attract and retain talent, said Peter Ballon, Managing Director, Global Head of Real Estate, CPP Investments.

UBS, Envestnet and iCapital Network® leverage technology and investment prowess to expand alternative investment offering

Retrieved on: 
Tuesday, July 13, 2021
Finance, Money, Economy, Investment, Envestnet, Alternative investment, UBS, Investor, Gic

"This strategic relationship will enable us to scale our product offering for investors and strengthen our position in the alternative investments sector."

Key Points: 
  • "This strategic relationship will enable us to scale our product offering for investors and strengthen our position in the alternative investments sector."
  • To seamlessly support this effort, Envestnet | PMC, Envestnet's portfolio consulting group , will provide oversight of the Alternatives Exchange.
  • "We are proud to partner with UBS and Envestnet, to provide advisors with access to a broad array of quality alternative investment strategies via the Alternatives Exchange," said Lawrence Calcano , Chairman and CEO of iCapital Network.
  • Founded in 2013 in NYC, iCapital Network is the leading global financial technology company poweringthe world's alternative investment marketplace.

CCLA and Bancolombia Enter Into a Joint Venture to Develop and Operate Multi-Family Buildings Across Colombia

Retrieved on: 
Thursday, July 1, 2021
Professional services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Business law, Joint venture, Gic, Articles, Guadalajara, Monterrey, Organizations, Companies, CCLA, Bancolombia, CCLA, BANCOLOMBIA

The JV aims to develop a portfolio of mid to high-rise buildings, with the objective of developing 5,000 units in the next five years.

Key Points: 
  • The JV aims to develop a portfolio of mid to high-rise buildings, with the objective of developing 5,000 units in the next five years.
  • Additionally, this JV positions CCLA and Bancolombia among the leading institutional multifamily investors, developers and operators in the country.
  • Additionally, Cristina Arrastia, Business Vice President of Bancolombia affirmed that through this joint venture, we seek to respond to the housing needs of all types of people.
  • In 2018, CCLA and GIC, Singapores sovereign wealth fund, entered into a JV to develop and operate purpose-built, for-rent multi-family buildings across Mexicos largest cities including Mexico City, Guadalajara and Monterrey.

Monarch Private Capital Welcomes Emily DiCenso as President of Asset Management

Retrieved on: 
Thursday, July 1, 2021
Gic

ATLANTA, July 01, 2021 (GLOBE NEWSWIRE) -- Monarch Private Capital , a nationally recognized tax-advantaged investment firm that develops, finances and manages a diversified portfolio of projects that generate both federal and state tax credits, is pleased to welcome Emily DiCenso to the team as Monarchs new President of Asset Management.

Key Points: 
  • ATLANTA, July 01, 2021 (GLOBE NEWSWIRE) -- Monarch Private Capital , a nationally recognized tax-advantaged investment firm that develops, finances and manages a diversified portfolio of projects that generate both federal and state tax credits, is pleased to welcome Emily DiCenso to the team as Monarchs new President of Asset Management.
  • DiCenso will oversee the firms asset management division and chart its strategic direction as the portfolio continues to expand.
  • Due to the growth of ESG tax equity investing, Monarch is making a significant investment in asset management, beginning with DiCenso.
  • Prior to joining Monarch, DiCenso served as Vice President in the Asset Management group for Boston Capital, where she managed a team of asset managers responsible for over 10,000 housing units.