Harvard University endowment

MASTERCARD FOUNDATION INTRODUCES MFAM, A NEW SEPARATE ASSET MANAGEMENT COMPANY, TO SUPPORT ITS PHILANTHROPIC MISSION

Retrieved on: 
Thursday, May 2, 2024
Education, Mastercard, Harvard University endowment, Mass, Mass General Brigham, Mastercard Foundation, Organization, Financial services

TORONTO, May 2, 2024 /PRNewswire/ - The Mastercard Foundation today introduced the Mastercard Foundation Asset Management (MFAM) Corporation , a new, separate asset management company with a mandate to build and manage a diversified portfolio to support the mission of the Mastercard Foundation and the work of its partners over the long term.

Key Points: 
  • TORONTO, May 2, 2024 /PRNewswire/ - The Mastercard Foundation today introduced the Mastercard Foundation Asset Management (MFAM) Corporation , a new, separate asset management company with a mandate to build and manage a diversified portfolio to support the mission of the Mastercard Foundation and the work of its partners over the long term.
  • The Mastercard Foundation was established in 2006 through the generosity of Mastercard Incorporated (NYSE: MA), which gifted the Mastercard Foundation common shares as part of its initial public offering.
  • The Mastercard Foundation now requires a dedicated asset management team to manage and diversify the Mastercard Foundation's growing investment portfolio.
  • MFAM was established by the Mastercard Foundation as a separate entity with a separate Board of Directors and management team.

MASTERCARD FOUNDATION INTRODUCES MFAM, A NEW SEPARATE ASSET MANAGEMENT COMPANY, TO SUPPORT ITS PHILANTHROPIC MISSION

Retrieved on: 
Thursday, May 2, 2024
Education, Mastercard, Harvard University endowment, Mass, Mass General Brigham, Mastercard Foundation, Organization, Financial services

TORONTO, May 2, 2024 /PRNewswire/ -- The Mastercard Foundation today introduced the Mastercard Foundation Asset Management (MFAM) Corporation, a new, separate asset management company with a mandate to build and manage a diversified portfolio to support the mission of the Mastercard Foundation and the work of its partners over the long term. The Mastercard Foundation is a registered Canadian charity and one of the largest private foundations in the world. It works with visionary organizations to advance education and financial inclusion to enable young people in Africa and Indigenous youth in Canada to access dignified and fulfilling work.

Key Points: 
  • TORONTO, May 2, 2024 /PRNewswire/ -- The Mastercard Foundation today introduced the Mastercard Foundation Asset Management (MFAM) Corporation , a new, separate asset management company with a mandate to build and manage a diversified portfolio to support the mission of the Mastercard Foundation and the work of its partners over the long term.
  • The Mastercard Foundation was established in 2006 through the generosity of Mastercard Incorporated (NYSE: MA), which gifted the Mastercard Foundation common shares as part of its initial public offering.
  • The Mastercard Foundation now requires a dedicated asset management team to manage and diversify the Mastercard Foundation's growing investment portfolio.
  • MFAM was established by the Mastercard Foundation as a separate entity with a separate Board of Directors and management team.

Prime Coalition and Rho Impact Unveil New Open-Access Tool to Assess Impact Potential of Climate Technologies

Retrieved on: 
Wednesday, May 1, 2024
Environment, Climate Change, Finance, Professional Services, Philanthropy, Green Technology, Fund Raising, Other Philanthropy, Foundation, Climate change, Incubator, Investment, Harvard University endowment, Climate, Software, Partnership, Aggregation, Stanford University, Government, Multimedia, Associate, SFCW, Management

Prime Coalition and Rho Impact unveiled the new CRANE tool during a San Francisco Climate Week (SFCW) panel discussion last week.

Key Points: 
  • Prime Coalition and Rho Impact unveiled the new CRANE tool during a San Francisco Climate Week (SFCW) panel discussion last week.
  • For climate-conscious impact investors who are interested in more than returns, the free, open-access tool will be an important resource to help assess the emissions impact potential of emerging climate technologies.
  • View the full release here: https://www.businesswire.com/news/home/20240501139862/en/
    Panelists listen to questions from the audience during the CRANE tool launch event.
  • (Photo: Business Wire)
    CRANE is the product of a partnership between Prime Coalition, a nonprofit on a mission to unlock catalytic capital and change the future of climate finance, and the Charlottesville, Virginia-based climate data science firm Rho Impact.

Star Mountain Capital Adds Former Dallas Fed CEO, Goldman Sachs Vice Chairman, Robert Kaplan, as Senior Advisor

Retrieved on: 
Tuesday, February 13, 2024
Asset Management, Professional Services, Finance, Federal Reserve Bank, Advisory board, Senior, Baker Institute, Draper Richards Kaplan Foundation, Professor, Project, Friends, Star, Ford Foundation, Advisory Council, State Street Corporation, Senior advisor, Trustee, Harvard University endowment, Interim, Starr Mountain, Investment banking, Goldman Sachs, Harvard Medical School, Project ALS, Harvard Business School, Book, Management

Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Robert Kaplan has joined as Senior Advisor.

Key Points: 
  • Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Robert Kaplan has joined as Senior Advisor.
  • View the full release here: https://www.businesswire.com/news/home/20240213968210/en/
    Robert S. Kaplan, Star Mountain Capital Senior Advisor (Photo: Business Wire)
    Robert Kaplan has over 40 years of investment management, business management, monetary policy, investment banking, and leadership experience.
  • His previous positions include CEO and President of the Federal Reserve Bank of Dallas, Vice Chairman of Investment Banking and Investment Management Divisions of Goldman Sachs, and Professor and Senior Associate Dean of Harvard Business School.
  • “We are honored to have Rob join Star Mountain as an aligned Senior Advisor bringing extensive investment, strategic leadership, business management and governance experience,” said Brett Hickey , Star Mountain Capital Founder & CEO.

Simply Homes Secures $22M to Expand US Affordable Housing

Retrieved on: 
Thursday, December 7, 2023
Acquisition, Housing, CFO, Love, Jefferies, HubSpot, GoTo (US company), Machine learning, Harvard University endowment, Automation, Home, Ageing, HUD, Partnership, Nation, HCV, Parent, Family, SFR, ESG, Real estate

PORTLAND, Maine, Dec. 7, 2023 /PRNewswire/ -- Simply Homes, an automated Single Family Rental (SFR) sourcing and underwriting platform developed to help solve the affordable housing crisis by mobilizing stagnant housing stock for use in the Housing Choice Voucher (HCV) program, today announced $22M in funding for operations and real estate acquisitions. The financing is led by Gutter Capital and Watchung Capital, with participation from Village Global, Ambush Capital, RavenOne Ventures, Neil Parikh, Gabe Flateman, Luke Sherwin, and others.

Key Points: 
  • Simply Homes is addressing this by implementing its platform to optimize the acquisition, renovation, and leasing of otherwise stagnant housing stock and making it available to lower-income families.
  • Over 80% of Simply Homes' tenant base are single parents who would need to work 150 hours a week to afford market-rate rent on a home.
  • "When we buy into a neighborhood, we are investing in the community," said Brian Bagdasarian, CEO and Founder of Simply Homes.
  • By renovating the aging housing stock, Simply Homes is poised to vastly increase the supply of affordable and section-8 homes available."

MDU Resources Appoints Darrel T. Anderson to Board of Directors

Retrieved on: 
Friday, November 17, 2023
Accounting, NYSE, Advanced Management Program, Idaho Power, Oregon State University, Workforce, IDACORP, Harvard University endowment, Compensated emancipation, MDU, University, Biophysical environment, Harvard University, MDU Resources, Professional Football Compensation Committee, Management

BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors.

Key Points: 
  • BISMARCK, N.D., Nov. 17, 2023 /PRNewswire/ -- MDU Resources Group, Inc. (NYSE: MDU) today announced that Darrel T. Anderson has been appointed to the company's board of directors.
  • "As we work toward transforming MDU Resources into a pure-play regulated energy delivery business, Darrel's financial and leadership experience in the regulated utility industry will enhance the existing expertise on our board," said Dennis W. Johnson, chair of MDU Resources board of directors.
  • "His experience with risk oversight and human resources management also will complement our attention to diversity and workforce development within MDU Resources."
  • On Nov. 2, MDU Resources announced its intent to spin off its construction services business, MDU Construction Services Group, with the objective of making MDU Resources a pure-play regulated energy delivery business.

Premise Health Appoints Chief Revenue Officer and Executive Vice President of Growth

Retrieved on: 
Tuesday, August 8, 2023
University, International Economic Development Council, American Heart Association, Marketing, Harvard University, Culture, EVP, Brock University, Health, Brochu, Organization, Miller, Harvard University endowment, Acquisition, Investment, Economic development, CRM, OMERS, Growth, Cincinnati, Commerce, Management

BRENTWOOD, Tenn., Aug. 8, 2023 /PRNewswire/ -- Premise Health, the largest direct health care provider and one of the largest digital providers in the country, announced the addition of two key executives to its already-tenured leadership team. Ben Miller joined the organization as the company's chief revenue officer (CRO), and Derek Brochu has been named executive vice president of growth and development.

Key Points: 
  • Ben Miller joined the organization as the company's chief revenue officer (CRO), and Derek Brochu has been named executive vice president of growth and development.
  • Premise Health announced the addition of a chief revenue officer and EVP of growth.
  • Miller joins Premise with more than 20 years of health care sales experience.
  • "Their combined extensive experience, familiarity with Premise, and deep understanding of our growth potential will help Premise maintain its position as a market leader.

TLV Partners Achieves $1 Billion in AUM, Launches $250 Million Early-Stage Israeli Startups Fund V

Retrieved on: 
Monday, July 17, 2023
Fintech, Biotechnology, Partnership, Optimism, Democracy, JLL, Harvard University endowment, Like a Boss (film), General partnership, TEL, AUM, Trust, Free Enterprise Fund v. Public Company Accounting Oversight Board, Investment, Intel, CFO, Granulation, AI, Quantum machine learning, Financial services, Security (finance)

Positioned to make roughly 25 Seed and Series A investments, Fund V anticipates initial contributions of between $4-8 million.

Key Points: 
  • Positioned to make roughly 25 Seed and Series A investments, Fund V anticipates initial contributions of between $4-8 million.
  • With the capability to back subsequent rounds, it could invest as much as $20 million per company.
  • The firm has invested in 60 companies, establishing TLV Partners as one of Israel's most active venture capital firms.
  • Shahar Tzafrir, Managing Partner at TLV Partners: "As we navigate turbulent times in Israel, our commitment to our founders remains unshakeable.

JUST CLIMATE ANNOUNCES CLOSE OF INAUGURAL $1.5 BILLION INDUSTRIAL CLIMATE SOLUTIONS FUND

Retrieved on: 
Thursday, June 8, 2023
Climate, EV, Investment, National Treasury Management Agency, Public Sector Pension Investment Board, AP2, Pension, ABB, Microsoft, CalSTRS, Generation Investment Management, Luxembourg, Goldman Sachs, Engineering, Partnership, Harvard University endowment, Fund, Weil, Gotshal & Manges, Renewable energy, Security (finance)

LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").

Key Points: 
  • LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").
  • The Fund exceeded its $1 billion target, raising $1.5 billion in institutional capital to invest in the highest impact solutions that can radically reduce or remove emissions, while generating attractive risk-adjusted financial returns.
  • Just Climate has made three investments from the Fund to date, in:
    ABB E-mobility - a Swiss-based global leader in electric vehicle (EV) charging solutions.
  • With this approach, Just Climate is demonstrating its conviction that climate solutions for the hard-to-abate industries are capable of delivering attractive risk-adjusted returns and highest climate impact.

JUST CLIMATE ANNOUNCES CLOSE OF INAUGURAL $1.5 BILLION INDUSTRIAL CLIMATE SOLUTIONS FUND

Retrieved on: 
Thursday, June 8, 2023
Climate, EV, Investment, National Treasury Management Agency, Public Sector Pension Investment Board, AP2, Pension, ABB, Microsoft, CalSTRS, Generation Investment Management, Luxembourg, Goldman Sachs, Engineering, Partnership, Harvard University endowment, Fund, Weil, Gotshal & Manges, Renewable energy, Security (finance)

LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").

Key Points: 
  • LONDON, June 8, 2023 /PRNewswire/ -- Just Climate, an investment business established by Generation Investment Management to address the net-zero challenge at scale, has today announced the closing of its inaugural fund, Climate Assets Fund I (the "Fund").
  • The Fund exceeded its $1 billion target, raising $1.5 billion in institutional capital to invest in the highest impact solutions that can radically reduce or remove emissions, while generating attractive risk-adjusted financial returns.
  • Just Climate has made three investments from the Fund to date, in:
    ABB E-mobility - a Swiss-based global leader in electric vehicle (EV) charging solutions.
  • With this approach, Just Climate is demonstrating its conviction that climate solutions for the hard-to-abate industries are capable of delivering attractive risk-adjusted returns and highest climate impact.