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☆ Why major commercial real estate firms are joining resources to recruit Black student-athletes
▼ + stars: | 2023-05-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Bobo made a name for himself in real estate investing and then decided to pay it forward. Eager to diversify their workforces, some of the largest real estate development, finance and management firms have signed on to fund the internships and mentor the students. The program has trained more than 5,000 participants from over 350 universities worldwide and has partnered with over 250 real estate firms. He is now an acquisitions and development associate at Catalyst Housing Group, a California-based real estate development firm and a financial backer of the new partnership.

NEW YORK, April 20 (Reuters) - The co-head of the private equity firm that owns Dominion Voting Systems said the company's $787.5 million settlement with Fox Corp (FOXA.O) held Fox accountable for spreading lies even if it did not apologize or admit wrongdoing. The settlement came with no apology or admission of wrongdoing on behalf of Fox, just an acknowledgement of the court's rulings finding some claims about Dominion to be false. Dominion and Staple Street achieved their goals by exposing the truth and Fox News' "offensive" actions and getting the media company to pay for them, Yaghoobzadeh said. In a statement following Tuesday's settlement, Fox said it was committed to the highest journalistic standards. Dominion funded the litigation through its own resources, without Staple Street or a third party providing financial backing, Yaghoobzadeh said.

Even before Tuesday's settlement, Staple Street's investment in Dominion had paid off handsomely. Yaghoobzadeh told reporters on Tuesday that Staple Street backed Dominion in its mission to shoot down lies against it. Staple Street investor Mark Hauser, managing partner of Hauser Private Equity, also welcomed the settlement news. "We are very pleased with the outcome and think that Staple Street has handled the situation very well on behalf of their investors. We’ve had a relationship with Staple Street since 2014 and think highly of their management team," he said.

☆ Kim Kardashian reportedly earned up to $1 million speaking at a hedge fund conference weeks after speaking at Harvard about her private equity firm
▼ + stars: | 2023-02-07 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

Kim Kardashian was a speaker at a hedge fund conference in Miami on January 31. She reportedly made around $1 million for speaking at the event, an unnamed source told Page Six. Kardashian spoke about her private equity firm SKKY partners. The reality star turned business mogul spoke at the iConnections Global conference on January 31 about her private equity firm, SKKY Partners, which launched in October. "I was happy to see so much support for a female fund manager in an industry dominated by men," Biscardi told Page Six.

☆ Activist Investor Calls for Overhaul of Korean Tobacco Giant KT&G
▼ + stars: | 2022-10-26 | by ( Dave Sebastian | ) www.wsj.com time to read: 1 min

Flashlight Capital wants KT&G to separate its ginseng unit from its tobacco business. Workers sort ginseng in Wonju, South Korea, last year. An investment firm founded by a former Carlyle Group executive has acquired a minority stake in a South Korean tobacco conglomerate and is calling for a business overhaul and the spinoff of its ginseng business, according to a letter viewed by The Wall Street Journal. Sanghyun Lee , who served as Carlyle head of Korea from 2011 to 2019, now runs Flashlight Capital Partners Pte. It has built a roughly 1% stake in KT&G according to people familiar with the matter.

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