By Scott Duke Harris | Mercury News, Bay Area News Group May 13, 2008 at 1:58 am Lightspeed Venture Partners, flexing its success in the ongoing shakeout of venture capital business, announced Monday it had closed a new $800 million investment fund. Issuing press releases in English, Mandarin, Hindi and Hebrew – a reflection of Lightspeed’s global reach – the Menlo Park firm said it had exceeded the $675 million target because of strong demand from limited partners. Lightspeed has consistently performed in the top quartile of venture firms since it was founded in 2000, said Ravi Mhatre, a co-founder and managing director of the firm. Lightspeed, he said, could have easily raised more but decided that $800 million was the most that could be effectively managed. The venture capital industry as a whole has delivered negative returns in recent years. While weaker firms are being winnowed out, strong-performing firms are now attracting a larger share of investment … [Read more...] about Lightspeed closes new $800 million investment fund
Green capital funding
Remi Rosmarin, provided by Published 11:50 am CDT, Friday, March 15, 2019 Insider Picks writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through our links, but our reporting and recommendations are always independent and objective. More and more women are becoming entrepreneurs, but the venture capital world is still overwhelmingly dominated by men. Just about 9% of VC investors are women, all of whom are working hard to diversify the startup world and bring great ideas to the forefront. To celebrate Women's History Month, we're taking a look at five inspiring female-led VC funds and the women-led startups they're backing like Billie, Parachute, Reformation, and more. The faces of entrepreneurship are changing. In 2017, there were 114% more women-owned businesses than 20 years prior. Between 2016 and 2018, the number of black-women-led startups doubled. Data … [Read more...] about 5 female-founded venture capital funds to know — and the popular women-led startups they’ve invested in
Last week, one of the largest planned divestments of fossil fuel assets in history was announced. The Norwegian government publicly declared its intention to sell off ownership in oil and gas companies, to the tune of 66bn Norwegian krone (£5.7bn). This massive decision sent ripples through the markets, and the international benchmark Brent Crude was down 1.7 per cent as a result. But for a Norwegian like myself, this news was both expected and overdue. Sovereign state While sovereign wealth funds are something of an alien concept in Britain, they represent several of the largest investment bodies on Earth. China, the United Arab Emirates, Kuwait, and Saudi Arabia all boast some large state-owned investment funds. But none compare to the scale of Norway’s. Valued at over $1 trillion, the Norwegian fund owns almost 1.5 per cent of every publicly listed company in the world (as well as nearly 20 per cent of London’s Regent Street). Other than its size, what makes the … [Read more...] about Norway has grown rich on oil, so why is its state-owned fund divesting from fossil fuels?
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Meet McKinsey’s Secretive Investment Fund DealBook Supported by Feb. 19, 2019 Good Tuesday morning. Breaking: Karl Lagerfeld, the influential fashion designer and longtime creative director of Chanel, has died at 85 . (Was this email forwarded to you? Sign up here .) Did McKinsey sell advice with a stake in the outcome? As McKinsey & Company advised some of the biggest companies in the world, the NYT reports, it may have had a vested interest in the outcome, through a little-known in-house hedge fund that holds stakes in some of the firm’s clients. Little about the fund, the McKinsey Investment Office, is public. A large part of its approximately $12.3 billion in holdings is “concealed behind a tangle of shell companies in an island tax haven in the English … [Read more...] about DealBook Briefing: Meet McKinsey’s Secretive Investment Fund
BOSTON (Reuters) - Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co’s after a Reuters investigation into the company’s lucrative side-business in “clean coal”. FILE PHOTO: A view of Duke Energyís Marshall Power Plant in Sherrills Ford, North Carolina, U.S., November 29, 2018. REUTERS/Chris Keane/File Photo A.J. Gallagher (AJG.N) has invested in 34 facilities producing so-called refined coal, which is chemically treated to make it burn cleaner and heavily subsidized by the U.S. government. The firm also holds a 46.5 percent stake in Chem-Mod LLC, which provides the chemicals used to produce it. A.J. Gallagher has accumulated about $850 million worth of U.S. government tax credits from the business. But many utilities burning the coal have pumped out more smog, not less, over the past decade and the chemicals have contributed to elevated carcinogens in downstream … [Read more...] about A.J. Gallagher’s ‘clean coal’ business draws ire of green investors