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Star Mountain Capital Adds Former Dallas Fed CEO, Goldman Sachs Vice Chairman, Robert Kaplan, as Senior Advisor

Retrieved on: 
Tuesday, February 13, 2024

Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Robert Kaplan has joined as Senior Advisor.

Key Points: 
  • Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Robert Kaplan has joined as Senior Advisor.
  • View the full release here: https://www.businesswire.com/news/home/20240213968210/en/
    Robert S. Kaplan, Star Mountain Capital Senior Advisor (Photo: Business Wire)
    Robert Kaplan has over 40 years of investment management, business management, monetary policy, investment banking, and leadership experience.
  • His previous positions include CEO and President of the Federal Reserve Bank of Dallas, Vice Chairman of Investment Banking and Investment Management Divisions of Goldman Sachs, and Professor and Senior Associate Dean of Harvard Business School.
  • “We are honored to have Rob join Star Mountain as an aligned Senior Advisor bringing extensive investment, strategic leadership, business management and governance experience,” said Brett Hickey , Star Mountain Capital Founder & CEO.

Simply Homes Secures $22M to Expand US Affordable Housing

Retrieved on: 
Thursday, December 7, 2023

PORTLAND, Maine, Dec. 7, 2023 /PRNewswire/ -- Simply Homes, an automated Single Family Rental (SFR) sourcing and underwriting platform developed to help solve the affordable housing crisis by mobilizing stagnant housing stock for use in the Housing Choice Voucher (HCV) program, today announced $22M in funding for operations and real estate acquisitions. The financing is led by Gutter Capital and Watchung Capital, with participation from Village Global, Ambush Capital, RavenOne Ventures, Neil Parikh, Gabe Flateman, Luke Sherwin, and others.

Key Points: 
  • Simply Homes is addressing this by implementing its platform to optimize the acquisition, renovation, and leasing of otherwise stagnant housing stock and making it available to lower-income families.
  • Over 80% of Simply Homes' tenant base are single parents who would need to work 150 hours a week to afford market-rate rent on a home.
  • "When we buy into a neighborhood, we are investing in the community," said Brian Bagdasarian, CEO and Founder of Simply Homes.
  • By renovating the aging housing stock, Simply Homes is poised to vastly increase the supply of affordable and section-8 homes available."

MDU Resources Appoints Darrel T. Anderson to Board of Directors

Retrieved on: 
Friday, November 17, 2023

BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors.

Key Points: 
  • BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors.
  • "As we work toward transforming MDU Resources into a pure-play regulated energy delivery business, Darrel's financial and leadership experience in the regulated utility industry will enhance the existing expertise on our board," said Dennis W. Johnson, chair of MDU Resources board of directors.
  • "His experience with risk oversight and human resources management also will complement our attention to diversity and workforce development within MDU Resources."
  • On Nov. 2, MDU Resources announced its intent to spin off its construction services business, MDU Construction Services Group, with the objective of making MDU Resources a pure-play regulated energy delivery business.

Premise Health Appoints Chief Revenue Officer and Executive Vice President of Growth

Retrieved on: 
Tuesday, August 8, 2023

BRENTWOOD, Tenn., Aug. 8, 2023 /PRNewswire/ -- Premise Health, the largest direct health care provider and one of the largest digital providers in the country, announced the addition of two key executives to its already-tenured leadership team. Ben Miller joined the organization as the company's chief revenue officer (CRO), and Derek Brochu has been named executive vice president of growth and development.

Key Points: 
  • Ben Miller joined the organization as the company's chief revenue officer (CRO), and Derek Brochu has been named executive vice president of growth and development.
  • Premise Health announced the addition of a chief revenue officer and EVP of growth.
  • Miller joins Premise with more than 20 years of health care sales experience.
  • "Their combined extensive experience, familiarity with Premise, and deep understanding of our growth potential will help Premise maintain its position as a market leader.

TLV Partners Achieves $1 Billion in AUM, Launches $250 Million Early-Stage Israeli Startups Fund V

Retrieved on: 
Monday, July 17, 2023

Positioned to make roughly 25 Seed and Series A investments, Fund V anticipates initial contributions of between $4-8 million.

Key Points: 
  • Positioned to make roughly 25 Seed and Series A investments, Fund V anticipates initial contributions of between $4-8 million.
  • With the capability to back subsequent rounds, it could invest as much as $20 million per company.
  • The firm has invested in 60 companies, establishing TLV Partners as one of Israel's most active venture capital firms.
  • Shahar Tzafrir, Managing Partner at TLV Partners: "As we navigate turbulent times in Israel, our commitment to our founders remains unshakeable.

JUST CLIMATE ANNOUNCES CLOSE OF INAUGURAL $1.5 BILLION INDUSTRIAL CLIMATE SOLUTIONS FUND

Retrieved on: 
Thursday, June 8, 2023

LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").

Key Points: 
  • LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").
  • The Fund exceeded its $1 billion target, raising $1.5 billion in institutional capital to invest in the highest impact solutions that can radically reduce or remove emissions, while generating attractive risk-adjusted financial returns.
  • Just Climate has made three investments from the Fund to date, in:
    ABB E-mobility - a Swiss-based global leader in electric vehicle (EV) charging solutions.
  • With this approach, Just Climate is demonstrating its conviction that climate solutions for the hard-to-abate industries are capable of delivering attractive risk-adjusted returns and highest climate impact.

JUST CLIMATE ANNOUNCES CLOSE OF INAUGURAL $1.5 BILLION INDUSTRIAL CLIMATE SOLUTIONS FUND

Retrieved on: 
Thursday, June 8, 2023

LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").

Key Points: 
  • LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").
  • The Fund exceeded its $1 billion target, raising $1.5 billion in institutional capital to invest in the highest impact solutions that can radically reduce or remove emissions, while generating attractive risk-adjusted financial returns.
  • Just Climate has made three investments from the Fund to date, in:
    ABB E-mobility - a Swiss-based global leader in electric vehicle (EV) charging solutions.
  • With this approach, Just Climate is demonstrating its conviction that climate solutions for the hard-to-abate industries are capable of delivering attractive risk-adjusted returns and highest climate impact.

Eaton Partners Serves as Exclusive Global Placement Agent to Solum Partners

Retrieved on: 
Thursday, April 27, 2023

STAMFORD, Conn., April 27, 2023 (GLOBE NEWSWIRE) -- Eaton Partners (“Eaton”), one of the largest placement agents and financial advisory firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to announce that it served as exclusive global placement agent for Solum Partners (“Solum”) and its Solum Partners Fund II, L.P. (“Fund II”).

Key Points: 
  • STAMFORD, Conn., April 27, 2023 (GLOBE NEWSWIRE) -- Eaton Partners (“Eaton”), one of the largest placement agents and financial advisory firms and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), is pleased to announce that it served as exclusive global placement agent for Solum Partners (“Solum”) and its Solum Partners Fund II, L.P. (“Fund II”).
  • Solum is a leading alternative asset manager investing in the food and agriculture industry utilizing a proven, hands-on approach anchored in the deep industry knowledge of its team.
  • Solum focuses on forming strong local partnerships with the objective of achieving operational excellence and continuous improvement across all of its portfolio companies.
  • “As the global agriculture and food production industry continues to evolve, businesses have needed to adapt and meaningfully scale operations to keep pace,” said Uli Flores, Head of Real Assets at Eaton Partners.

Solum Partners Closes Fund II with $850 Million of Capital Commitments

Retrieved on: 
Tuesday, April 25, 2023

Solum Partners (“Solum”), an investment management firm focused on the food and agriculture industry, today announced the closing of its second fund, Solum Partners Fund II, L.P. and related vehicles (“Fund II”).

Key Points: 
  • Solum Partners (“Solum”), an investment management firm focused on the food and agriculture industry, today announced the closing of its second fund, Solum Partners Fund II, L.P. and related vehicles (“Fund II”).
  • Fund II surpassed its initial target to close with $850 million in capital commitments from a broad range of global institutional investors.
  • Fund II invests in production assets globally across a variety of crop-types, including coffee, almonds, apples and berries.
  • Colin Butterfield, CEO of Solum Partners stated, “We appreciate and are encouraged by the strong demand and enthusiasm shown by our investors for Fund II, especially when considering the current geopolitical and macroeconomic landscape.

Cadre Launches Cadre Direct Access Fund II to Target Real Estate Assets with Attractive Pricing and Supply Dynamics

Retrieved on: 
Wednesday, March 22, 2023

Cadre, a leading technology-driven commercial real estate (CRE) investment manager, today announced the launch of the Cadre Direct Access Fund II (CDAF II) – the latest offering in Cadre’s suite of products that aims to provide institutions and accredited investors with access to actively managed commercial real estate assets.

Key Points: 
  • Cadre, a leading technology-driven commercial real estate (CRE) investment manager, today announced the launch of the Cadre Direct Access Fund II (CDAF II) – the latest offering in Cadre’s suite of products that aims to provide institutions and accredited investors with access to actively managed commercial real estate assets.
  • As price dislocations materialize in private markets, the fund will allow both institutions and individuals to invest in a diversified portfolio of assets.
  • Cadre plans to allocate approximately 50% of the fund to multifamily assets with the remainder to be spread across industrial, hospitality, and office assets.
  • The fund will focus primarily on mid-cap ($50 - $150 million) assets across U.S. markets with attractive growth dynamics.