Capital commitment

PG&E Board of Directors’ Statement Regarding Shareholder Financing Proposal

Retrieved on: 
Saturday, August 10, 2019
Energy, Utilities, Oil, Gas, Finance, Money, Economy, Private equity, Energy in California, Financial District, San Francisco, Pacific Gas and Electric Company, Capital commitment, Abrams, Ion Media

The Board of Directors (the Board) of PG&E Corporation (NYSE: PCG) (PG&E or the Company) today issued the following statement in response to the proposal from Abrams Capital Management (Abrams) and Knighthead Capital Management (Knighthead) to provide equity capital commitments in support of a plan of reorganization of PG&E.

Key Points: 
  • The Board of Directors (the Board) of PG&E Corporation (NYSE: PCG) (PG&E or the Company) today issued the following statement in response to the proposal from Abrams Capital Management (Abrams) and Knighthead Capital Management (Knighthead) to provide equity capital commitments in support of a plan of reorganization of PG&E.
  • The Company has received the financing proposal from Abrams and Knighthead and is evaluating it, including the backstop commitment letters and related materials, in consultation with the Companys advisors.
  • The Company will respond to the proposal in due course.
  • Additional factors include, but are not limited to, those associated with PG&E Corporations and the Utilitys chapter 11 cases.

New VC Firm, Framework Venture Partners, Launches $150 Million Fund to Fuel Rapidly Scaling Tech Companies in Canada

Retrieved on: 
Tuesday, February 5, 2019
Finance, Money, Economy, Private equity, Venture capital, Equity securities, Corporate finance, Entrepreneurship, Capital commitment

With a goal to raise $150M, Framework Venture Partners has secured capital commitments from BDC Capital, Cadillac Fairview, Royal Bank of Canada, and the BC Tech Fund, managed by Kensington Capital.

Key Points: 
  • With a goal to raise $150M, Framework Venture Partners has secured capital commitments from BDC Capital, Cadillac Fairview, Royal Bank of Canada, and the BC Tech Fund, managed by Kensington Capital.
  • The new fund is focused on supporting rapidly scaling tech companies in Canada raising equity to accelerate global growth.
  • We founded Framework Venture Partners to tap into this unmet investment need and help fulfill the promise of the Canadian technology industry."
  • As former members of BDC IT Venture Fund, Peter Misek and Andrew Lugsdin launched Framework with an anchor commitment from BDC Capital.