Abu Dhabi Investment Authority

Merchants Fleet Announces the Retirement of Chairman, CEO & President Brendan P. Keegan

Retrieved on: 
Friday, March 8, 2024
CFO, Acquisition, Senior, Multimedia, Culture, Growth, Retirement, Sale, Merchant, Abu Dhabi Investment Authority, Innovation Center station, Movement, Partnership

HOOKSETT, N.H., March 8, 2024 /PRNewswire/ -- Merchants Fleet, the nation's fastest-growing fleet management company, has announced the retirement of its Chairman, CEO & President Brendan P. Keegan, effective May 17, 2024.

Key Points: 
  • HOOKSETT, N.H., March 8, 2024 /PRNewswire/ -- Merchants Fleet, the nation's fastest-growing fleet management company, has announced the retirement of its Chairman, CEO & President Brendan P. Keegan, effective May 17, 2024.
  • "Brendan has been a visionary leader, driving significant growth and has positioned Merchants Fleet at the forefront of the fleet management industry," said Olof Bergqvist, Merchants' Board Member, Bain Capital.
  • Merchants Fleet is North America's fastest-growing fleet management company, enabling the movement of people, goods and services freely and responsibly.
  • From flexible funding, fleet acquisition and fleet management to vehicle remarketing, fleet consulting, fleet electrification, and the power of cloud-based fleet management platform TotalView®, Merchants serves as a single source for all fleet and mobility needs across more than 20 unique industries.

Phoenix Merchant Partners Launches Private Credit Strategy with Close of Innovative Financing Solution to Gryphon Holdings

Retrieved on: 
Monday, January 29, 2024
Alternative investment, Insurance, CIO, Houlihan Lokey, Clifford Chance, Art, Creativity, Griffin, Advisory board, Abu Dhabi Investment Authority, Sidley Austin, Growth

RYE, N.Y., Jan. 29, 2024 /PRNewswire/ -- Phoenix Merchant Partners, LP ("Phoenix" or the "Firm"), an independent investment firm focused on providing broad financing solutions to the middle-market universe of companies, today announced the closing of its first transaction, an innovative financing to Gryphon Holdings (the "Company"), a company involved in quota share non-catastrophic property and casualty reinsurance services. 

Key Points: 
  • The financing, which closed on January 10, marks the official launch of the Phoenix private credit and lending solutions platform, and provides for the capitalization of the Company's balance sheet and the future growth of its reinsurance program.
  • The terms include the ability for Phoenix and related parties to provide additional growth financing over the course of the next several months.
  • "We believe that this could be the first of many innovative financings by the Phoenix Merchant Partners platform that can help redefine how companies approach financing alternatives."
  • We look forward to continuing to strategically expand our team and advisory board as we work with high quality companies and investment partners."

ADIA Acquires a 40% Stake in Landmark Dividend

Retrieved on: 
Wednesday, November 1, 2023
Commercial Building & Real Estate, Mobile, Wireless, Technology, Construction & Property, Carriers and Services, REIT, Telecommunications, Professional Services, Data Management, Asset Management, DigitalBridge, Abu Dhabi Investment Council, NYSE, Khadem, ADIA, Multimedia, Advertising, Senior, Growth, Abu Dhabi Investment Authority, LLP, Simpson Thacher & Bartlett, Communication, Financial services, Financial adviser, Landmark

DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) today announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will acquire a 40% stake in Landmark Dividend LLC (“Landmark”), a leading acquirer and developer of real estate and infrastructure focused on the wireless communication, digital infrastructure, outdoor advertising, and renewable power industries.

Key Points: 
  • DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) today announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will acquire a 40% stake in Landmark Dividend LLC (“Landmark”), a leading acquirer and developer of real estate and infrastructure focused on the wireless communication, digital infrastructure, outdoor advertising, and renewable power industries.
  • The investment includes a significant commitment from ADIA and DigitalBridge-sponsored vehicles to support the continued expansion of Landmark’s growth platform.
  • View the full release here: https://www.businesswire.com/news/home/20231101341842/en/
    Khadem AlRemeithi, Executive Director of the Infrastructure Department at ADIA, said, “Under DigitalBridge’s ownership, Landmark has solidified its position as one of the preeminent acquirers of digital infrastructure real estate assets globally.
  • We are proud of the reputation Landmark has built for excellence in infrastructure and real estate investment, and we look forward to creating more opportunities for Landmark’s clients and stakeholders.”
    Tim Brazy, Chief Executive Officer at Landmark Dividend, said, “We welcome ADIA to Landmark.

Centerbridge Partners and Wells Fargo Enter Strategic Relationship Focused on Direct Lending to Middle-Market Companies

Retrieved on: 
Tuesday, September 26, 2023
Professional Services, Business, Finance, BCI, Partner, Wells Fargo, Centerbridge Partners, Marketplace, WFC, ADIA, Crown corporations of Canada, Growth, Entrepreneurship, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, NYSE, Bank, Financial services

Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.

Key Points: 
  • Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.
  • Overland represents a transformative new business model for direct lending to middle-market companies, diversifying the market of clients served by private credit and direct lending.
  • The Centerbridge and Wells Fargo strategic relationship includes differentiated origination sourcing from Wells Fargo’s extensive middle market customer base, and an equity investment from Wells Fargo.
  • Overland Advisors will be controlled by Centerbridge Partners, and Wells Fargo will be a minority investor.

65 Equity Partners boosts leadership team in Europe and United States with the appointment of two senior Partners

Retrieved on: 
Tuesday, September 26, 2023
Partnership, Investment, Health, Abu Dhabi Investment Authority, Ridgemont Equity Partners, Partner, Head, Health care, DACH, LP record, Temasek, ADIA, Cinven, Executive Committee, Pascal, Growth, Abu Dhabi Investment Council, Family, BC Partners, Airline, Security (finance), Financial services

Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.

Key Points: 
  • Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.
  • Leon will also participate in the overall management of the US activities of 65 Equity Partners.
  • 65 Equity Partners is focused on providing flexible capital solutions to business owners and management teams with a preference for minority shareholdings.
  • "I am thrilled to join 65 Equity Partners, a young firm with big ambitions and an entrepreneurial mindset.

65 Equity Partners boosts leadership team in Europe and United States with the appointment of two senior Partners

Retrieved on: 
Tuesday, September 26, 2023
Partnership, Investment, Health, Abu Dhabi Investment Authority, Ridgemont Equity Partners, Partner, Head, Health care, DACH, LP record, Temasek, ADIA, Cinven, Executive Committee, Pascal, Growth, Abu Dhabi Investment Council, Family, BC Partners, Airline, Security (finance), Financial services

Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.

Key Points: 
  • Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.
  • Leon will also participate in the overall management of the US activities of 65 Equity Partners.
  • 65 Equity Partners is focused on providing flexible capital solutions to business owners and management teams with a preference for minority shareholdings.
  • "I am thrilled to join 65 Equity Partners, a young firm with big ambitions and an entrepreneurial mindset.

Generate:Biomedicines Announces Close of $273M Series C Financing to Advance Its Generative AI Pipeline of Preclinical and Clinical Protein Therapeutics

Retrieved on: 
Thursday, September 14, 2023
Health, Technology, Health Technology, Artificial Intelligence, Pharmaceutical, Biotechnology, Biomedicine, Asthma, Alpha generation platform, Probability, Drug development, University, Therapy, SARS-CoV-2, Infection, Enzyme, ARCH Venture Partners, COVID, Mirae Asset Financial Group, MD Anderson Cancer Center, Pandemic, Clinical trial, ADIA, Flagship Pioneering, Patient, Biology, Abu Dhabi Investment Office, Abu Dhabi Investment Authority, Disease, Pharmaceutical industry, Vaccine, Management, Amgen, Generate

Generate:Biomedicines, a clinical-stage biotherapeutics company pioneering a machine-learning-powered generative biology platform, today announced that it has raised $273 million in Series C financing.

Key Points: 
  • Generate:Biomedicines, a clinical-stage biotherapeutics company pioneering a machine-learning-powered generative biology platform, today announced that it has raised $273 million in Series C financing.
  • This financing round attracted many new investors including Amgen; NVentures, NVIDIA’s venture capital arm; MAPS Capital (Mirae Asset Group); and Pictet Alternative Advisors.
  • The company will leverage Series C funding to further its pipeline, including filing multiple INDs in 2024 and initiating multiple clinical trials annually thereafter.
  • Additionally, the company will fully validate the breadth of its platform capabilities and establish its leadership in de novo therapeutic development.

CI Financial Reports Financial Results for the Second Quarter of 2023

Retrieved on: 
Thursday, August 10, 2023
Professional Services, Finance, Avalon, CIPC, Asset management, ETF, CI, CIIS, Woman, State of Wisconsin Investment Board, EDT, Armand Assante, Ares Management, Sale, Congress, US, Name, EBITDA, AUM, ADIA, Growth, Abu Dhabi Investment Authority, Cryptocurrency, Pharmaceutical industry, Financial services, Financial adviser

Second quarter net income was $51.0 million compared to $30.0 million in the first quarter of 2023.

Key Points: 
  • Second quarter net income was $51.0 million compared to $30.0 million in the first quarter of 2023.
  • Excluding non-operating items, adjusted net income1 was $136.0 million in the second quarter, little changed from the first quarter.
  • Second quarter total net revenues increased 21.7% to $776.1 million in the quarter from $637.8 million in the first quarter of 2023.
  • First quarter total expenses increased 13.8% to $663.6 million in the quarter from $583.0 million in the first quarter of 2023.

Jefferies Finance Launches Direct Lending BDC with Anchor Commitment from ADIA

Retrieved on: 
Wednesday, July 19, 2023
Asset Management, Professional Services, Finance, Jefferies Financial Group, RISKS, Partnership, MassMutual, Investment, Private, Prospectus (finance), BDC, JEF, MEMORANDUM, Investment Company Act of 1940, Register, EBITDA, ADIA, Form 10-K, Registration statement, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, NYSE, Financial services, Security (finance)

Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”).

Key Points: 
  • Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”).
  • The newly formed BDC will focus on first lien senior secured loans to private equity sponsored U.S. companies.
  • A wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has committed to invest $625 million of equity in the BDC in order to anchor the BDC launch.
  • Thomas Brady, President of Jefferies Finance, said, "This agreement with ADIA to seed our first BDC comes as the tailwinds in the private credit market have never been stronger.

Centerbridge Partners and GIC Complete Acquisition of INDUS Realty Trust, Inc.

Retrieved on: 
Thursday, June 29, 2023
Banking, Architecture, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Urban Planning, Building Systems, REIT, Finance, Landscape, Interior Design, Slate, LLP, Standard Chartered, Morgan Stanley, J.P. Morgan & Co., Latham & Watkins, Simpson Thacher & Bartlett, Acquisition, ADIA, Skadden, Arps, Slate, Meagher & Flom, Growth, Abu Dhabi Investment Office, Abu Dhabi Investment Authority, GIC, Real estate, Cryptocurrency, Centerbridge Partners

Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will act as a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.

Key Points: 
  • Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will act as a strategic investor alongside Centerbridge in the ownership of INDUS post-closing.
  • “We are excited to have closed this transaction and look forward to the Company’s next phase under Centerbridge, GIC and ADIA’s ownership,” said Michael Gamzon, President and CEO of INDUS.
  • Morgan Stanley & Co. LLC served as exclusive financial advisor to INDUS and Latham & Watkins LLP served as legal counsel to INDUS.
  • Simpson Thacher & Bartlett LLP served as legal counsel to Centerbridge and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to GIC.