November 6, 2024
Fund

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 per Share

NEW YORK, NY / ACCESSWIRE / July 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE:ARDC) announced today the declaration of its distribution for the month of July 2024 of $0.1175 per common share, payable as noted below. The following dates apply to the declared distribution: Ex-Date: July 22, 2024 Record Date:

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BlackRock’s Tokenized Fund Reaches $500m in Record Time

BlackRock launched its first tokenized fund in March this year and it has gathered more than $500m in record time, indicating demand for yield from investors with on-chain capital. The traditional fund manager launched its BlackRock USD Institutional Digital Liquidity Fund (BUIDL), on the ethereum blockchain on 20 March this year, in partnership with Securitize,

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Fund

The Afores Transfer 1.344 Billion Dollars to the Pension Fund for Welfare

As required by the President of Mexico, Andrés Manuel López Obrador (AMLO), on Monday, July 1, his government began delivering the first pension supplements to retired workers. The date was significant for the president and his administration because it marked the sixth anniversary of what he considers his historic electoral victory in 2018, and the

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VinaCapital Fund’s Share Buyback Update

VinaCapital Vietnam Opportunity Fund Limited AccumUSD (GB:VOF) has released an update. VinaCapital Vietnam Opportunity Fund Limited announced the buyback and cancellation of 100,000 of its USD Shares on July 11, 2024, at a price of GBP 4.92 per share. Post transaction, the total number of shares held in treasury stands at 6,182,716 with the total

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Brazil’s BNDES to release US$6bn through climate fund

News Brazilian development bank BNDES plans to provide financing of 32.1bn reais (US$5.94bn) through its fund for initiatives to mitigate climate change. The financing, expected to be available until the end of 2026, will focus on clean energy and transportation projects. The bank’s climate fund provides financing for companies and government decarbonization projects at an

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​Texas Teachers invests $150m in Europe real estate and US energy funds | News

Teacher Retirement System of Texas has disclosed making two new investments totalling $150m (€138.6m), split between a GreenPoint Partners real estate fund and a Riverbend Energy fund. The pension fund revealed in its June commitments list that it placed $75m into GreenPoint REPE Fund I and issued a $74.4m commitment to the Riverbend XI. Texas Teachers said the value-add

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Fund

Forestay’s $220 Million Fund Targets ‘Inflection Point’ in AI Startups

High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced

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