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Util, a global sustainability data provider measuring the social and environmental impact of companies and investment portfolios, has closed a seed round led by Eldridge, with participation from Oxford Sciences Enterprises, Cris Conde (former CEO of Sungard Bank), Andy Brown (former CTO of UBS), and Roseann Palmieri (former Head of Enterprise Data Management at Bloomberg LP), among others.
Util’s machine-learning models measure patterns at scale and without bias, revealing the degree to which more than 50,000 companies of different sizes, sectors, and regions – and the capital tracking them – perform against the 17 goals outlined in the UN’s 2030
Stellus Capital Management, LLC (Stellus), a in middle-market direct lending, has partnered with iCapital, the global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries.
The partnership provides access to Stellus’ private credit strategy by leveraging iCapital’s industry-leading technology.
PolySign, a fintech company providing digital asset infrastructure to institutional investors, has acquired MG Stover, a full-service digital asset fund administrator.
The acquisition supports PolySign’s Series C capital raise and adds key investors to its shareholder base including Soros Fund Management, Brevan Howard, and GSR.
Cowen Digital will also add to its equity position.
Salsify, the Commerce Experience Management (CommerceXM) platform, has closed a $200 million Series F round of financing led by TPG, a global alternative asset management firm.
The round, which includes investments from Permira’s Growth Opportunities Fund, Neuberger Berman Funds, and Cap Table Coalition, brings Salsify’s valuation to $2 billion.
The new funding follows Salsify’s $155 million Series E round led by Warburg Pincus in September 2020, bringing total funding to over $450 million.
Tiger Global Asset Management has invested $30 million in Indonesian logistics startup Waresix, according to DealStreetAsia.
The report cites regulatory filings for the information saying that the investment is part of larger Series B1 round being led by the New York-based investment firm.
As a rebuilt of the investment, Tiger Global’s stake in Waresix is now in excess of 8%.
The Carlyle Group has bolstered its healthcare investment capabilities with the acquisition of life sciences investment manager Abingworth, according to a report by AlternativesWatch.
Financial details of the transaction, which is expected to close later this year, have not been disclosed.
The report quotes “officials at the $301 billion Carlyle” as saying that the acquisition now allows Carlyle to operate across the life sciences and healthcare investment spectrum from venture capital to through to buyouts.
A lack of regulatory alignment on ESG disclosure has created a noisy backdrop of third-party standards and metrics so private equity funds are attempting to lead the way instead…
For much of the past 10 years, private equity firms have been swimming in an alphabet soup of ESG standards.
Recent estimates put the figure at around 200 standards globally, for reporting and assessing sustainability risks across fund portfolios. Many have little coordination between regulators, investors or across different jurisdictions.
A lack of standardisation can make it difficult to outwardly assess the impact of ESG progress on financial results and has
Omega Systems, a portfolio company of Pfingsten Partners and managed service provider to highly regulated and security-conscious businesses, has merged with ACE IT Solutions, a New Jersey-based technology solutions provider.
Omega will leverage the combination to extend its portfolio of ‘Smart’ solutions – including private and public cloud hosting, managed cybersecurity, managed support, NOC and escalation services, 24×7 service desk support, disaster recovery and more – further across the US.
Founded in 2002, Omega is best known for its expertise supporting companies facing stringent compliance and regulatory demands in the banking, manufacturing, healthcare, professional/legal services, education and local government industries.
A start-up inspired by an adventurous granny and co-designed by a team of retirees has raised £1.1 million in funding to tackle the loneliness epidemic amongst older people.
The Joy Club is a community-based platform designed to help retirees discover events, passions, and friendships that will enrich their lives.
Google Maps co-founder Lars Rasmussen has invested in the round, alongside Calm/Storm Ventures, Alma Angels, and other notable angel investors. Elvie founder and CEO Tania Boler and Elvie co-founder Alexander Asseily (also founder of Jawbone and Vice Chairman at Lilium), have also backed the start-up.
This pre-seed investment will allow The
Capital Dynamics, an independent global private asset management firm, has committed to help drive actionable change on greenhouse gas emissions by signing the Net Zero Asset Managers initiative and joining the Partnership for Carbon Accounting Financials (PCAF).
The Net Zero Asset Managers initiative, a consortium of 236 asset managers, supports the goal of reaching Net Zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit global warming to 1.5C. A core part of this commitment is to ensure transparent and standardised measurement and reporting of financed greenhouse gas emissions.
PCAF is a global alliance enabling
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