Amundi launches Just Transition for Climate fund From Bloomberg: Amundi has launched a European fixed income fund that will support energy transition. The Just Transition for Climate fund is managed by Alban de Fa?, head of fixed income ESG investing, and Dany da Fonseca, credit portfolio manager. The investment universe of the new strategy is based on the...

Investors sour on SPACs From Institutional Investor: Is the blank-check bubble bursting?Shares of many special purpose acquisition companies are down 20 percent or more from the highs they hit in February. Many of them are blank-check companies that have announced merger partners but haven't yet closed their deals. Stocks of numerous blank check c...

ironSource to go public via $11bn merger with Thoma Bravo-backed SPAC From Reuters: Israeli advertising technology firm ironSource said on Sunday it has agreed to go public through a merger with a blank-check company backed by U.S. private equity firm Thoma Bravo, valuing the business at $11.1 billion. The deal with Thoma Bravo Advantage, a special purp...

Where the world's most profitable hedge fund is investing From Guru Focus: Chase Coleman's Tiger Global Management is one of the most successful hedge funds of all time. Its flagship long-short equity fund has compounded investors' capital at 21% per annum after fees for the past 20 years. An investment in the fund at inception would have gr...

EcoR1 is launching a second SPAC From Institutional Investor: One of the hottest health care-related hedge funds is planning to launch its second blank-check company one month after its first one closed on a merger deal. EcoR1 Capital, headed by one-time Institutional Investor Hedge Fund Rising Star Oleg Nodelman, on Tuesday said in a regulatory filing. Th...

From Bloomberg: Two of the hottest equity market trends are headed for a clash as some ESG investors are having second thoughts about blank-check firms that have flooded the market. Early signs show that money managers wedded to environmental, social and governance themes are reluctant to buy into special-purpose acquisition companies before a target has been identified. That could poten...

VC fund investors not raising alarms over SPAC trend From Axios: Venture capital firms, formed to invest in startups, are increasingly becoming sponsors of SPACs, blank-check companies that bring later-stage businesses into the public markets. It's significant strategy creep, but so far there hasn't been much opposition from venture capital fund investors,...

Tribune Publishing agrees to $430m takeover by hedge fund From Boston Globe: Tribune Publishing Co., the owner of the Chicago Tribune and New York Daily News, agreed to be acquired by Alden Global Capital LLC for about $430 million, putting a hedge fund known for firing journalists atop one of the nation's largest newspaper companies. Alden, which al...

Macquarie closes latest renewable energy fund at $1.9bn Macquarie Infrastructure and Real Assets (MIRA) has raised more than €1.6 billion for investment in renewable energy with the final close of Macquarie Green Investment Group Renewable Energy Fund 2 (MGREF2) - exceeding its initial minimum fundraising target of €1 billion. MGREF2 is a...

Databricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors. Amazon Web Services, Alphabet's CapitalG venture arm and Salesforce Ventures all joined in, according to a statement. Microsoft, which invested in Databricks ear...

Venture capital takes off: How the lines between VC and PE are blurring From PE News: As 2020 came to an end, Ian Connatty, managing director of British Patient Capital (BPC), had good reason to feel satisfied with the progress of the organisation that he helped set up in 2018. In the two and a half years since it was launched by the state-owned British Bu...

Lesser-known Tiger Seed launches long-only fund From Institutional Investor: A hedge fund whose largest investor is Julian Robinson Jr.'s Tiger Management has launched a long-only fund as part of a larger reshuffling of its investment vehicles. Tiger Legatus Capital Management, a so-called Tiger Seed headed by Jesse Ro that has remained under the radar, earlier...