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Magnify Ventures has raised $46.6m for its second venture fund, deepening its focus on early-stage companies building AI infrastructure for the care economy.
The post Magnify Ventures closes $46.6m Fund II to back AI infrastructure for care economy appeared first on AltAssets Private Equity News.
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Mekong Capital has launched a climate-focused private equity fund targeting regenerative agriculture in Southeast Asia, anchored by a $50m commitment from the Green Climate Fund.
The post Mekong Capital launches climate-focused PE fund with $50m Green Climate Fund cornerstone appeared first on AltAssets Private Equity News.
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GFL Environmental Weighs Take-Private Amid Interest From Buyout Firms Bloomberg.comWaste management giant GFL approached by two bidders about potential privatization, source says The Globe and MailGFL Environmental shares trade on TSX after buyout talk; NYSE shut for holiday, $1 billion spread TechStock²Are GFL Environmental Investors Facing a Buyout? Brussels Morning
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The best 4th of July sales on tech to shop this weekend: Deals from Apple, Bose, Nintendo and more. Yahoo TechApple Rarely Discounts Its Newest Devices—These 4th of July Deals Include AirPods, Apple Watches, and iPads Good HousekeepingSale, Sale, Sale: The Best July 4th Weekend Sale Tablet Deals From Apple, Microsoft, and More PCMagFourth of July Sales: Save on AirTag 2, M3 iPad Air, Charging Accessories and More MacRumors
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Starwood Capital Group has raised more than $10.2bn at the final close of its latest opportunistic real estate vehicle.
The post Starwood Capital closes $10.2bn opportunistic real estate fund appeared first on AltAssets Private Equity News.
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Antin Infrastructure Partners has appointed former IFM Investors executive Duncan Welsh as a principal in its investor relations team, as the infrastructure investor expands its institutional fundraising presence across Asia-Pacific.
The post Antin Infrastructure hires IFM's Welsh to lead investor relations expansion in Australia appeared first on AltAssets Private Equity News.
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Stocks capped off a terrible week with another slide as a warning from one of Wall Street's bellwether firm's stoked concern about the U.S. economy.
SEE MORE 10 Electrifying EV Stocks Worth Watching
After Thursday's close, delivery giant FedEx (FDX, -21.4%) - whose financial results are often seen as a read on broader economic conditions - issued preliminary fiscal first-quarter earnings and revenue figures that were well below estimates. The company cited a recent acceleration in "global volume softness," and specifically pointed to "macroeconomic weakness in Asia and service challenges in Europe." FDX also withdrew its outlook for the full fiscal year, and said it is initiating several cost-cutting measures to offset the effects of lowered demand, including deferring staff hiring, closing 90 FedEx office locations and ending Sunday operations for several FedEx Ground locations. The company is slated on the earnings calendar to report its full quarterly results after next Thursday's close.
Wall Street's nerves were already frayed ahead of FedEx's financial warning, as this week's red-hot inflation reading all but assured another large rate hike from the Federal Reserve at next week's meeting. But an additional contributing factor to this week's massive volatility is likely today's quadruple-witching options expiration, which is when index futures, index options, stock options and individual-stock futures all expire at once. This happens four times a year - on the third Friday in March, June, September and December - and sometimes leads to heavy volume and erratic moves in
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