Sumitomo Mitsui Trust Holdings

Zapata AI and Andretti Acquisition Corp. Announce Closing of Business Combination

Retrieved on: 
Thursday, March 28, 2024
Finance, Professional Services, Technology, Artificial Intelligence, Software, Physics, Sumitomo Mitsui Trust Holdings, GCP, Azure, BP, BASF, Growth, Algorithm, BBVA, Original equipment manufacturer, CFO, Risk, Research, Andretti Autosport, Acquisition, Transport, Running, AI, IPO, LLP, WNNR, AWS, Pleasure, Traction, Telecommunications, SIP, Organization, DARPA, Government, Management

Zapata Computing, Inc. (“Zapata AI”), the Industrial Generative AI software company developing solutions to solve enterprises’ most difficult, industrial-scale problems, announced today that it has completed its business combination with Andretti Acquisition Corp. (NYSE: WNNR), a special purpose acquisition company.

Key Points: 
  • Zapata Computing, Inc. (“Zapata AI”), the Industrial Generative AI software company developing solutions to solve enterprises’ most difficult, industrial-scale problems, announced today that it has completed its business combination with Andretti Acquisition Corp. (NYSE: WNNR), a special purpose acquisition company.
  • “Today marks an exciting new chapter in Zapata AI’s history that all of our valued stakeholders can be proud of,” said Christopher Savoie, CEO of Zapata AI.
  • Zapata AI's generative AI and optimization offerings include Zapata AI Sense™, a numerical, computational solution, and Zapata AI Prose™, a text-based large language model solution.
  • Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Andretti Acquisition Corp. Foley Hoag LLP served as legal counsel to Zapata AI.

Zapata AI Expected to Trade on the Nasdaq Under Ticker Symbol ZPTA

Retrieved on: 
Monday, March 18, 2024
Finance, Professional Services, Technology, Artificial Intelligence, Software, Sumitomo Mitsui Trust Holdings, New York Stock Exchange, BP, BASF, Organization, Growth, BBVA, Andretti Autosport, Acquisition, WNNR, Andretti, DARPA

The common stock and public warrants of the combined company will trade under the ticker symbols “ZPTA” and “ZPTAW”, respectively.

Key Points: 
  • The common stock and public warrants of the combined company will trade under the ticker symbols “ZPTA” and “ZPTAW”, respectively.
  • “Nasdaq is the most prestigious exchange in the world for high growth technology companies and burgeoning AI organizations,” said Christopher Savoie, CEO of Zapata AI.
  • As a public company, Zapata AI will focus on fueling continued innovation, driving enterprise customer acquisition and advancing Zapata AI’s growth strategy.
  • Karen Snow, Global Head of Listings for Nasdaq, stated: “We are excited to welcome Zapata AI to the Nasdaq family and look forward to supporting their continued growth and success as a Nasdaq listed company."

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023
Commercial Building & Real Estate, Utilities, Construction & Property, Sustainability, Environment, Alternative Energy, Energy, Building Systems, Slate, Quanta, EPC, Royal Bank of Canada, Intesa Sanpaolo, Banco Santander, Investment, Scotiabank, CPP Investment Board, Santander Bank, Multimedia, CoBank, Electricity, General Electric, Royal Bank, Snell, Investment banking, Pattern Energy, KfW IPEX-Bank, Letter, Lincoln, Carbon, History, CPP, BNP Paribas, S.A, Principal, Riverstone Holdings, Société Générale, Bank of America, HVDC, Wells Fargo, KV, Sumitomo Mitsui Banking Corporation, Banco Bilbao Vizcaya Argentaria, Transmission, Bank, Export Development Canada, KFW, MUFG Bank, Sumitomo Mitsui Trust Holdings, ACB, National bank, National Bank of Canada, Desjardins Group, Security (finance)

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

WAmazing raises additional JPY 1.4 billion in Series C funding, exceeding JPY 4.5 billion raised since its establishment

Retrieved on: 
Friday, December 8, 2023
Retail, Start-Up, Technology, Marketing, Consulting, Banking, Transportation, Communications, Apps, Applications, Professional Services, Destinations, Travel, Online Retail, Vacation, Software, Internet, SIM, Sumitomo Mitsui Trust Holdings, MOSFET, Engineering, Organization, Transport, Hokkoku Bank, Tourism, DMC, Airport, TRUST, WeChat, Bank, For the Future, Partnership, Food, Growth, OTA, Capital Region Tourism, FY, GMV, Security (finance), Limited, Hong Kong

SuMi TRUST innovation investment limited partnership (Sumitomo Mitsui Trust Bank, Limited)

Key Points: 
  • SuMi TRUST innovation investment limited partnership (Sumitomo Mitsui Trust Bank, Limited)
    Iwate new business creation fund No.
  • After coping with the pandemic over the course of two-and-a-half years, our growth is accelerating significantly, outpacing the recovery in the overall market.
  • WAmazing is a startup company founded in July 2016 that provides a tourism platform service for overseas visitors to Japan.
  • Openings: More than 50 positions in marketing, engineering, travel product planning, translation, planning and delivery, etc.

Excelsior Energy Capital Closes USD $1.3 Billion Project Financing Package for the Faraday Solar Project

Retrieved on: 
Tuesday, November 28, 2023
Other Energy, Utilities, Oil, Gas, Finance, Alternative Energy, Energy, Banking, Professional Services, Sumitomo Mitsui Trust Holdings, Winston & Strawn, Acquisition, Ryan LLC, CIBC, Zions Bancorporation, Investment, U.S. Bancorp, PTC, IRA, Wind, Project finance, USD, Mergers and acquisitions, Huntington Bancshares, National bank, Capital market, Sumitomo Mitsui Banking Corporation, Associated Banc-Corp, Partnership, Comerica, PacifiCorp, National Bank of Canada, Electricity, DNB, Creditor, Excelsior, MUFG, Meta, Renewable energy, Bank, Umbrella, Michael Faraday

Excelsior Energy Capital announced today that it has closed a USD $1.3B financing package on the Faraday Solar project in Utah County, Utah.

Key Points: 
  • Excelsior Energy Capital announced today that it has closed a USD $1.3B financing package on the Faraday Solar project in Utah County, Utah.
  • Excelsior acquired Faraday Solar earlier this year from Parasol and Clenera who developed the project.
  • Faraday Solar is a 682.5 MW ground-mounted solar facility and is contracted under an investment grade long-term power purchase agreement.
  • The Faraday investment is the largest single investment made by Excelsior’s first flagship fund, Excelsior Renewable Energy Investment Fund I (“Fund I”).

Sumitomo Mitsui Trust Bank and Zapata AI to Collaborate on Financial Modeling

Retrieved on: 
Wednesday, November 29, 2023
Technology, Finance, Apps, Applications, Banking, Professional Services, Artificial Intelligence, Other Technology, Software, Networks, Data Analytics, Fintech, Hardware, Electronic Design Automation, Data Management, Sumitomo Mitsui Trust Holdings, Research, Physics, Synthetic media, Algorithm, XVA, AI, Orquestra Imperial, Face, Sales, Financial services, Limited

Zapata Computing, Inc. (“Zapata AI”) and Sumitomo Mitsui Trust Bank, Limited (“SuMiTB”) today announced the start of a new collaboration to model financial time series data using generative AI enhanced with quantum science.

Key Points: 
  • Zapata Computing, Inc. (“Zapata AI”) and Sumitomo Mitsui Trust Bank, Limited (“SuMiTB”) today announced the start of a new collaboration to model financial time series data using generative AI enhanced with quantum science.
  • The work will be done on Zapata AI’s Orquestra® platform for developing and deploying Industrial Generative AI applications and leverage the capabilities of Zapata AI Sense™, the company’s suite of algorithms and models to enhance analytics and other data-driven applications.
  • Zapata AI and SuMiTB will research and develop generative AI applications that generate financial time series data for practical purposes, including:
    Simulating plausible scenarios about future market movements.
  • “We couldn’t be more excited to collaborate with SuMiTB,” said Christopher Savoie, CEO and co-founder of Zapata AI.

New Algo-Feed to ensure accurate quotes added by Trust Holdings of London

Retrieved on: 
Wednesday, October 4, 2023
Partnership, Trust, Sumitomo Mitsui Trust Holdings, Risk, Retail, Online shopping

LONDON, Oct. 4, 2023 /PRNewswire-PRWeb/ -- We are thrilled to announce a groundbreaking partnership between Trust Holdings, (https://trustholdings.co.uk/), a leading online brokerage, and Barclays Signals, a cutting-edge quote provider in the financial industry. This collaboration is set to revolutionize the trading experience for all our valued traders, offering them fast and precise quotes that can significantly enhance their trading strategies and profitability.

Key Points: 
  • UK brokerage firm upgrades its technology to ensure better quotes for traders.
  • At Trust Holdings, we understand that, and our partnership with Barclays Signals aims to deliver an unparalleled trading experience.
  • CEO of Trust Holdings, Richard Wilson remarked, "Trust Holdings has always been committed to delivering excellence in online trading services.
  • For more information about Trust Holdings and our partnership with Barclays Signals, please visit our website at https://trustholdings.co.uk/

Bridgepoint Adds $20bn Infrastructure Strategy, as Energy Capital Partners Joins Platform to Build €57bn Global Alternatives Asset Manager

Retrieved on: 
Wednesday, September 6, 2023
Professional Services, Other Energy, Utilities, Energy, Finance, Asset Management, Banking, Morgan Stanley, LSE, Sumitomo Mitsui Trust Holdings, IPO, Partnership, ECP, BofA Securities, Kirkland & Ellis, LP record, Simpson Thacher & Bartlett, J.P. Morgan & Co., Immersion, Growth, Renewable energy, Video game, Bank, Risk management, Security (finance)

The distinct ECP infrastructure business will continue to operate under its existing brand and be led by its current management and investment team.

Key Points: 
  • The distinct ECP infrastructure business will continue to operate under its existing brand and be led by its current management and investment team.
  • The strategy will sit alongside Bridgepoint’s private equity and credit businesses and offer LPs more comprehensive immersion across the middle market.
  • The combination will also provide opportunities to enhance both organisations’ current operations in different sectors of the credit market.
  • J.P. Morgan Cazenove and Morgan Stanley served as lead financial advisors to Bridgepoint, and Simpson Thacher & Bartlett LLP served as legal counsel.

Aviation Capital Group Announces $500 Million Secured Credit Facility in support of its AFS Business

Retrieved on: 
Tuesday, September 5, 2023
Professional Services, Air, Transport, Finance, Aircraft, Aviation, Wells Fargo, Sumitomo Mitsui Trust Holdings, BNP Paribas, Commercial, AFS, Commerzbank, ACG, Capital Group Companies, Security (finance), Renewable energy

Aviation Capital Group LLC (“ACG”) announced today the closing of a $500 million secured credit facility in support of its Aircraft Financing Solutions (“AFS”) business.

Key Points: 
  • Aviation Capital Group LLC (“ACG”) announced today the closing of a $500 million secured credit facility in support of its Aircraft Financing Solutions (“AFS”) business.
  • The facility was structured by BNP Paribas and Société Générale and includes an accordion option which can be exercised to provide up to $1 billion in total availability.
  • “ACG is excited to announce the closing of our second AFS credit facility,” said Robert Lewandowski, Managing Director of ACG.
  • “This facility further enhances our ability to support our airline customers with innovative financing solutions to help meet their capital requirements.

IFEL Continues Strong Growth Year with Appointment of Stephanie Fowler as President of Capital Access

Retrieved on: 
Thursday, August 3, 2023
Sumitomo Mitsui Trust Holdings, Business development, Small business, Senior, Harvard University, Small Business Capital Access and Job Preservation Act, Entrepreneurial leadership, Columbia Business School, Fowler, Person, Creativity, Organization, Citigroup, Acquisition, Investment strategy, Chairperson, Knowledge, BIPOC, Entrepreneurship, Management, Renewable energy

NEWARK, N.J., Aug. 3, 2023 /PRNewswire/ -- The Institute for Entrepreneurial Leadership (IFEL), a nonprofit organization that leverages the power of relationship capital to increase inclusion and equity within the entrepreneurial ecosystem, today announced the appointment of Stephanie Fowler as president, Capital Access. In this role, she will help scale efforts to help more small business owners, entrepreneurs, and founders get funded faster. This follows the recent appointment of community development veteran, Gina Nisbeth, as Chair of the IFEL Board of Directors. Nisbeth was at Citi for over 22 years.

Key Points: 
  • This follows the recent appointment of community development veteran, Gina Nisbeth, as Chair of the IFEL Board of Directors.
  • "I've witnessed IFEL create innovative pathways to accelerate capital access for founders of color, and I'm excited to join the team at this critical stage," said Fowler.
  • "IFEL is changing business as usual for Black and Latinx entrepreneurs who have long lacked access to networks, knowledge and capital.
  • IFEL announced the acquisition of Pipeline Angels in July, uniting two trailblazing organizations committed to increasing capital access to foster a more inclusive entrepreneurial ecosystem.