Investor pressure is getting results in fast food
Around three years ago, McDonald’s had its climate plan approved by the Science Based Targets Initiative (SBTI), the nonprofit that rubber-stamps strategies that are in line with limiting warming to 2 degrees Celsius. The company was an outlier: None of the biggest fast-food brands had shown such ambition.
Just over a year ago, the situation was not much better. McDonald’s big rivals lacked approved targets, although Chipotle had at least committed to setting one.
Then, just a few months back, things started to move. In February, Domino’s announced plans for a science-based target. In March, Yum! Brands, parent company to KFC, Pizza Hut and Taco Bell, had its target approved by the SBTI. And last month, Wendy’s said it would pursue the same goal.
New York State Common scouting for real assets consultant
New York State Common scouting for real assets consultant
The real assets portfolio, created in 2014, is in its development phase and continues to build key capabilities, according to an RFP posted on the website of the state comptroller, Thomas DiNapoli, who is the sole trustee of the $247.7 billion fund. The long-term allocation of the portfolio is 3% and the benchmark is the Consumer Price index plus 500 basis points, the RFP said. Investments in this category include agriculture, capital assets, infrastructure, renewable energy and timber.
The consulting contract will run five years, which can be extended by the pension fund for two one-year periods.
SpaceX investor Valor Equity raises $1.7bn in the latest growth equity fund Thursday, April 29, 2021
Laxman Pai, Opalesque Asia:
Chicago- headquartered Valor Equity Partners announced that it officially closed its fifth fund - Valor Equity Partners V - at $1.7 billion. The oversubscribed fund closed at its hard cap.
Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.
Led by Antonio Gracias, Valor is perhaps best known for its investments in Elon Musk-owned companies Tesla, SpaceX, and The Boring Company. It s also backed a handful of Chicago startups, such as Cameo, Ocient, Fooda, Catalytic, and Uptake.
Valor Equity Partners raises $1.7 billion for growth equity fund
The oversubscribed fund closed at its hard cap.
The previous fund, Valor Equity Partners IV, closed at $1.05 billion in 2018.
Valor Equity Partners V will make initial growth-oriented investments of between $25 million and $75 million in technology-enabled companies, a news release said Wednesday.
Investors include the $247.7 billion New York State Common Retirement Fund, Albany; the $51 billion Illinois Municipal Retirement Fund, Oak Brook, and the Wyoming State Loan and Investment Board, Cheyenne, which oversees $22.7 billion in state permanent funds.
Officials at Valor Equity Partners could not be immediately reached for further information.
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ExxonMobil Seeking to Quell Investor Unrest in Updated Strategy
ExxonMobil, dogged by investors seeking to tip the board and strategy in its favor, on Tuesday laid out a detailed plan that it promised would fuel growth for decades to come.
The presentation outlined how the energy major plans to “grow shareholder value, protect the dividend and transition to a lower-carbon future.” The strategy plan preceded quarterly earnings, scheduled to be issued on Friday, and the annual shareholder meeting planned on May 26.
“ExxonMobil has laid a solid foundation for success,” CEO Darren Woods said. “Our board and management have developed and are executing a strategy which has positioned us for future outperformance relative to peers, including paying a reliable and growing dividend.