For years, banks have been financing large renewable power projects, from utility-scale solar farms to horizon-spanning wind farms. But smaller projects, like installing a heat pump in someone’s home or retrofitting affordable housing, often get passed over. They simply haven’t been lucrative enough. But the demand is there, which is why advocates have been clamoring […]
GGV Capital is no more, as partners announce two separate brands
The VCs who long ran GGV Capital, the 24-year-old cross-border firm that helped serve as a bridge between the U.S. and China, have settled on two new brands roughly six months after announcing they would split their U.S. and Asia operations. Veteran investors Jenny Lee and Jixun Foo just rebranded their Singapore-based operation as Granite […]
LACERA decreases venture capital allocation range, but experts say it doesn’t signal a trend
Analysts say this is likely more of a one-off than a sign that LP interest in venture is waning. Rebecca Szkutak 7 hours The Los Angeles County Employees Retirement Association (LACERA) voted to decrease its allocation range to venture capital at a March 13 meeting. The board of investments voted to decrease its allocation range […]
Telegram raises $330 million fresh capital through bond sales
Telegram founder and CEO Pavel Durov said on his channel today that the company secured $ 330 million in investment through bond sales last week. Durov said that the offering was oversubscribed with favorable terms to the company. “This bond offering was oversubscribed, and we were delighted to have global funds of the highest caliber […]
Inspired Capital secures $330M fund to take venture capital ‘back to the studs’
Inspired Capital is celebrating its fifth birthday with the closing of its Inspired Capital Fund III with $ 330M in capital commitments. This new amount brings the firm’s total assets under management to nearly $ 900 million. The New York-based early-stage venture firm was founded in 2019 by entrepreneurs Alexa von Tobel and Penny Pritzker. […]