The Davis Companies said Wednesday it had expanded its capital base by more than $977.1 million amid the real estate fund management industry’s most challenging fundraising cycle in more than a decade. Boston-based Davis has raised $877.1 million into Davis Investment Ventures Fund V, in addition to a co-investment sidecar vehicle totaling $100 million. Fund V will seek to capitalize on market dislocations across
Lockton has moved into the former New York Sports Club space at 65 Memorial Road in West Hartford’s Blue Back Square. Liz Spencer, VP of People Services for Lockton, with her 4-month-old son in the lobby of the new offices at 65 Memorial Road in Blue Back Square. Photo credit: Ronni Newton By Ronni Newton
The government acknowledged the qualified investment rules “can be inconsistent or difficult to understand” due to their many updates since their introduction in 1966. The consultation, which closed Monday, asked for suggested improvements to the regime, whether updated rules should favour Canada-based investments and whether crypto-backed assets should be considered qualified investments. In a submission,
This webinar is on-demand and can be viewed at your convenience. Maintaining financial stability is increasingly difficult for hospitals and health systems across the nation, with current data indicating that half of these provider organizations are facing financial losses. In this tough economic landscape, finance leaders in healthcare must prioritize strategies that foster growth while
The company plans to deliver its first systems in 2025 and open a full-scale production facility in 2027. July 17, 2024 Ryan Kennedy U.S. manufacturer Peak Energy announced it has secured a $55 million Series A funding round to scale production of grid-scale sodium-ion batteries. The funding round was led by Zora Innovation, a investing
There have been several management changes on two subadvised American Beacon funds, Citywire has learned. Doug Cambell has been added to Hotchkis and Wiley Capital Management’s sleeves of both the $113m American Beacon Balanced fund (AADBX) and the $3.5bn American Beacon Large Cap Value fund (AADEX). Additionally, PM Judd Peters has been removed from both
BEMIDJI — The Minnesota Department of Commerce will host a Home Energy Rebate Program hearing from 6 to 8 p.m. on Wednesday, July 24, in the Beaux Arts Ballroom at Bemidji State, 1500 Birchmont Drive NE. The Home Energy Rebate Program was funded through the Inflation Reduction Act of 2022, which invests $500 billion in
A penny sales tax is a step closer to being on the November ballot after a Greenville County Council vote on Tuesday. In a second reading, the council voted 8-4 to advance the referendum, which still needs one more reading before voters can decide whether to add a 1% sales tax to retail purchases in
Mergers and acquisitions among insurance agents and brokers declined in the second quarter as some previously active buyers reduced the number of purchases they completed, according to a report released Wednesday by Optis Partners LLC. There were 146 transactions announced during the second quarter, a 26% decline from the same period last year and 26%
The City of St. Petersburg has announced that residents selected the Forward Together youth crime prevention program as the recipient of $1 million in funding through the Innovative Equity Project. Mayor Ken Welch announced the Innovative Equity Project earlier this year, allowing residents to choose one of five programs to fund. The Innovative Equity Project