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Investor relations professionals are no longer “second class citizens” and that could be a good thing for Luxembourg’s private market fund sector. If firms can staff up.

The loss-making French IoT startup comes with eyewatering debts and costly network operations besides its intellectual property.

The French startup has been mired in problems documented by Light Reading for years, and the pandemic seems to have finished it off.

Maine Public Employees earmarks up to $257 million to 4 funds Print The board of trustees of the Maine Public Employees Retirement System, Augusta, voted to approve four commitments totaling up to $257 million, James Bennett, chief investment officer of the $16.6 billion pension fund, said in an email Friday. The board approved the commitments Thursday, subject to final due diligence, legal review and negotiations, Mr. Bennett wrote. The commitments are to: Meridiam Sustainable Infrastructure Europe IV for up to €85 million ($101.2 million). Meridiam is an existing relationship. Cube Infra...

The last few years have proved tough for Internet of Things (IoT) specialist Sigfox as it became mired in turmoil, intrigue and uncertainty about its very survival. After becoming virtually a household name following its establishment in 2010, recent years have been marked by an exodus of top executives and job cuts. According to a report in Les Echos in September 2020, the company said it would cut 47 of 400 jobs. At the time, CEO Ludovic Le Moan told the French broadsheet that 2020 was proving to be a "complicated year," not least owing to the COVID-19 pandemic. The company has previously...