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Competition for buy-side jobs, including at private equity firms and hedge funds, can be fierce. Insider identified the 13 recruiting firms aspiring dealmakers and traders should know for a buy-side job. The buy-side hiring spree is expected to continue despite a slowdown in mergers and acquisitions — a cornerstone of private equity investing. BellCast Partners works with mega funds, middle market funds, infrastructure funds, impact funds, real estate private equity funds, sector-focused funds, sovereign wealth funds, family offices, and credit funds. Today it does searches in private equity, growth equity, distressed, credit, venture capital, hedge funds, family offices, and select investment banks.

Persons: headhunting, Brain O'Callaghan, John Arbolino, Arbolino, Amity, Pamela Esterson, Susanna Nichols, Nichols, Esterson, Danielle Caston Strazzini, Alison Bellino Johnson, BellCast, Caston Strazzini, Jill Pierce, Spencer Stuart, Pierce, —, Brian O'Callaghan, it's, Renee Hylton, Keith Mann, Josh Grauer, Grauer, Mann, Adam Zoia, Annette Krassner, Katie Cunningham, Sarah Armstrong, Cunningham, Armstrong, Anna Brady, Janelle Matthews, Beth Grossman, Brady, they've, Morgan Stanley Eleni Henkel, Henkel, Leah Trabich, HSP, Carlyle, Warburg Pincus, Adam Kahn, Kahn, Anthony Keizner, Keizner, Nina Swift, Marty Brady, Vedica Qalbani, Qalbani, Lindsey Mead, Jessica Wu, Michael Garmisa, SearchOne, Sheri Gellman, Gellman Organizations: Citadel, nab, Boothroyd, Co, Wall, Amity Search Partners, Palm Beach Staff, SG Partners, Bain Capital, Centerbridge Partners, Trian Partners, BellCast, Charlotte Staff, CPI, BellCast Partners, Investor Relations, Nashville, San Francisco, Wharton, Harvard, Stanford, New York Staff, Partners, San Francisco Staff, Los Angeles Staff, TPG, Thoma Bravo, Bessemer Venture Partners, EQT, Elliott, Equity, KKR, ICONIQ, Spectrum Equity, Henkel Search, Search Partners, New York, Oxbridge, Nashville Staff, Time Warner, Indiana University, SG Locations: New York, San Francisco, Austin, San Diego, Chicago, Los Angeles , New York, Phoenix, West Coast, Los Angeles, NYC, California, United States, Boston, Dallas, Atlanta, Columbia, Latin America, Asia, Europe, San Francisco , New York, Bay, Gold, Los Angeles , Greenwich, Nashville, Amity, South Florida

☆ Melania Trump started a scholarship program called 'Fostering the Future,' but no charity with that name is registered in New York or Florida
▼ + stars: | 2023-07-26 | by ( Sonam Sheth | John L. Dorman | ) www.businessinsider.com time to read: +3 min

Former first lady Melania Trump started a scholarship program called "Fostering the Future" last year. One person who said he received funds from the program told The Times he got it through a friend who knows the Trumps. But there's no charity with that name registered in New York or Florida, The New York Times reported. A person familiar with the scholarship program told the paper that "more than two" scholarships have been awarded as part of the program but did not provide further details. There was no indication of how much money would be retained by Melania Trump, per the newspaper.

Persons: Melania Trump, Lady Melania Trump, Trump, Michael Weitzman, Weitzman, Melania Organizations: Times, Service, The New York Times, White, Fox News, Fox, Bradley Impact Fund, Consumer Services, Division of Consumer Services Locations: New York, Florida, Wall, Silicon, The

☆ Meet 17 medical doctors at VC firms like GV and Khosla Ventures who are investing in the next big healthcare startups
▼ + stars: | 2023-07-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Some medical school graduates are bringing their expertise to the world of startup investing. Take a look at 17 doctors who are now investing at VC firms like GV and Khosla. And still others, including Khosla Ventures' Alex Morgan and Galym Imanbayev of Lightspeed Venture Partners, jumped directly to a VC firm after graduating from medical school. Even so, VCs with medical degrees all say they feel that their medical school training has been invaluable in terms of understanding a health startup's business. Take a look at Insider's list of 17 medical doctors who are now VCs at top firms like GV, Khosla Ventures, and more.

Persons: —, laud, Mark Zuckerberg, Larry Ellison, Jack Dorsey, Chris Kager, Robert Mittendorf, Alex Morgan, Galym, Alice Zheng Organizations: MDs, GV, Khosla, Global Health, Khosla Ventures, Lightspeed Venture Partners, University of Michigan Medical School, RH Capital

☆ Sensorfact helps industrial companies manage their energy and water usage. Check out the 11-slide pitch deck it used to raise $28 million.
▼ + stars: | 2023-07-19 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Sensorfact has created a smart monitoring system to help industrial companies cut energy and water use. Check out the 11-slide pitch deck it used to secure 25 million euros (around $28 million). A Dutch startup helping industrial companies manage their energy and water use has just raised 25 million euros (around $28 million) from growth impact fund Blume Equity. Sensorfact, founded in 2017, has developed a smart monitoring system for industrial companies including food and beverage, plastic and rubber, and metals manufacturers. It uses wireless sensors that are clipped onto machine cables and gas, water, and compressed air pipes to monitor flow every 30 seconds, which is fed back to a user-facing platform.

Persons: Sensorfact, Pieter Broekema's, Broekema, Biden's, Blume, Eleanor Blagbrough Organizations: Blume Equity, Sensorfact, Industry, SET Ventures Locations: Dutch, Europe

☆ Smaller valuations and a lack of ego helped Spain's startup scene avoid some of Europe's shocking collapse in VC funding, investors say
▼ + stars: | 2023-06-29 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Spain's startup scene has evaded some of the collapse in VC funding that has rocked Europe in 2023. Smaller check sizes and a lack of "ego" has somewhat protected the ecosystem, investors say. Smaller valuations, check sizes, and a distinct lack of ego helped Spain's startup scene evade some of the shocking collapse in venture capital funding that has rocked Europe so far this year. Smaller rounds give Spain's startups an edge in the downturnWhat correction was felt was eased by the fact there is less "ego" in Spain's ecosystem, according to Max Bray, an investor at early-stage firm K Fund. As well as the birth of local growth funds, investors see corporations playing a role in closing the funding gap.

Persons: SoftBank, Catalyst, Pablo Pedrejón, Max Bray, Dalia Silberstein, Pedro Arribas Gridilla, Juliette Simonin, Margarita Albors, Tasmin Lockwood, Bray, Marc Sabas, Fund's Bray, Wallbox cofounders Enric Asunción, Eduard Castañeda, Glovo, Wallbox, Oscar Pierre, Ship2B's Sabas, Danae Vara, Danae Vara Ship2B, hasn't, Sabas, CVCs, There's, Félix Ortega, K Fund's Bray, Sérgio Massano Organizations: Accel, Pedrejón, Venture, Fund, Esade Center, Social, Foundation, Spanish, K Fund, Investors, Danae Vara Ship2B Ventures, Investment, Corporations, Barcelona Activa, Telefónica, BBVA, Proeduca Locations: Europe, Spain, Madrid, France, Germany, Switzerland, Netherlands, Seaya, Bray, Vara, Barcelona, Silicon, London

☆ Illumen Capital just closed its second fund worth $168 million to tackle racial and gender bias in asset management using this 10-slide LP deck
▼ + stars: | 2023-05-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A fund of funds investing to make venture capital more equitable just closed its second fund. Oakland-based Illumen Capital secured $168 million to back people of color and women. An impact fund of funds tackling racial and gender bias in asset management has just closed its second $168 million fund with the Ford Foundation and W.K. As a fund of funds, Illumen Capital hopes to solve this by addressing implicit biases. When looking at the data, Illumen Capital found that they had the same revenue marks as white entrepreneurs not considered too early.

☆ What is ESG investing? A beginner's guide to choosing a sustainable fund
▼ + stars: | 2023-05-01 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

So-called ESG investing is a big deal. In other words, 1 in every 8 U.S. investor dollars is in a sustainable fund. The growing prominence of and demand for ESG investments has attracted the attention of politicians and regulators. ESG has become a catch-all acronym for what asset management industry pros would call sustainable investing — strategies that seek to deliver a financial return while providing for societal good. ESG funds This is where conflating ESG funds and "boycotting" the energy industry gets a little spurious.

☆ Prescient bets by the likes of Shaquille O'Neal and Serena Williams have triggered an explosion in tech investing among Europe's sports stars
▼ + stars: | 2023-04-27 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +8 min

European sports stars are following US counterparts, such as Shaquille O'Neal, in betting on tech. O'Neal, who also made early bets on Google and Lyft, has shown how sports stars can become successful venture capitalists once their playing careers end. He's not alone in the US, with the football star Tom Brady and the basketball stars LeBron James and Steph Curry all actively investing in tech. The tennis legend Serena Williams went a step further and set up her own fund, Serena Ventures. Shaquille O'Neal has proven to be a shrewd tech investor with early bets on Ring, Google, and Lyft.

☆ You can now test drive solutions to the Social Security crisis from raising the retirement age to cutting benefits in a new Animal Crossing-like game
▼ + stars: | 2023-03-30 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

An online tool from the American Academy of Actuaries lets users simulate various Social Security proposals. Users can make decisions about what Social Security measures get funded, how, and when, and then see the results. "There are ways to address the Social Security challenge," the site tells visitors upon entering. And the game walks you through the different types of problems that people depending on Social Security payments encounter. "It's important to keep Social Security strong," the website tells visitors.

The SFDR defines sustainable investment as contributing to "an environmental or social objective", assessed by indicators such as use of raw materials or production of waste. The people Reuters spoke to said discrepancies among fund portfolios reflected a lack of clarity from the Commission over what constitutes a sustainable investment. Reuters GraphicsReuters GraphicsTEMPERATURE GAUGEMSCI, the finance industry data provider, has developed a way of checking on investment funds' green credentials with its ESG Implied Temperature Rise tool. Among them, for example, are BlackRock's Sustainable Energy Fund, Nordea's Global Climate and Environment Fund and Pictet's Global Environmental Opportunities Fund. "The characterisation of what constitutes a sustainable investment under the SFDR is also a concept that needs further clarifications at European level."

☆ ExodusPoint is on the comeback trail after a rocky 2022
▼ + stars: | 2023-03-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

It's the beginning of the month, which means a chance to see how the top hedge funds are performing. But the top dog among large multi-strategy hedge funds was ExodusPoint. Click here to check out the performance of top hedge funds like Citadel, Millennium, and Point72. Working on Wall Street is so bad this woman left to clean up crime scenes. Stacey Foyster detailed how after a decade on Wall Street in risk analysis, she opted for a career change.

☆ The $322 billion impact investment market is grappling with a fundamental question: How does it measure how much good it has achieved?
▼ + stars: | 2023-03-03 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Global impact funds now have over $322 billion in assets under management, PitchBook data shows. Matteo Cera, cofounder at Hogaru, Maria Oliva Farriol of Oryx Impact, and moderator Marta del Castillo, CEO of Social Next. Tasmin Lockwood/InsiderSocial impact measurement is all about the baseline, said Maria Oliva Farriol, impact and ESG manager at Oryx Impact. Oryx Impact is a Barcelona-based fund of funds focused on economic development, climate change, and equality in Africa. To avoid this, Oryx Impact is taking advantage of technology to digitize its impact measurement and management strategy.

☆ New French fund with 87.5 mln euros targets African solar development
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

PARIS, Feb 24 (Reuters) - A new investment fund with 87.5 million euros ($92.63 million) will finance solar power production across Africa, with a focus on West and Central Africa, French fund manager RGREEN INVEST and investment adviser ECHOSYS INVEST said on Friday. The AFRIGREEEN Debt Impact Fund's first closing will finance on- and off-grid solar power plants for small- and medium-sized commercial and industrial consumers across the continent, the statement said. The groups are looking to have a portfolio of twenty to thirty investments, with aim of meeting long-term debt financing needs of between 10 and 15 million euros, with an average of around 5 million euros over eight to ten years, the statement said. RGREEN INVEST and ECHOSYS INVEST said that the first closing included commitments from the European Investment Bank (EIB) and the International Finance Corporation (IFC). The group is aiming to raise a total of 100 million euros from development finance institutions and private investors.

☆ Private equity firm TPG's Q4 earnings drop 26% on lower asset sales
▼ + stars: | 2023-02-15 | by ( Chibuike Oguh | ) www.reuters.com time to read: +2 min

NEW YORK, Feb 15 (Reuters) - TPG Inc (TPG.O) said on Wednesday that its fourth-quarter distributable earnings fell 26% year-on-year as it cashed out fewer investments in its private equity, growth, impact and real estate portfolios. TPG said its net profit from asset sales fell to $95 million in the fourth quarter, down 62% from the $251 million posted a year ago. TPG said its private equity funds appreciated 2.2% in the fourth quarter, its growth funds and impact funds were flat and its real estate funds fell 1.5%. The private equity funds of Blackstone, Carlyle and Apollo appreciated by 3.8%, 1% and 5.4%, respectively, while KKR's private equity funds were flat. TPG ended the fourth quarter with $135 billion in assets under management.

☆ These Hollywood celebs and an NFL Hall of Famer want you to electrify your home to help solve the climate crisis
▼ + stars: | 2022-12-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

GoodLeap is the largest financier of residential solar loans in the US, with 28% of the market. The former NFL tight end and Pro Football Hall of Famer told Insider he often reflected on whether, in life's final moments, he'd be proud of his choices. Gonzalez, who's also invested in plant-based-food companies like Beyond Meat, told Insider the climate crisis was the most important issue of his — and his children's — lifetime. GoodLeap is the top provider of residential solar loans, with a 28% share of the market. "Part of my work has always been making sure folks who typically are unconsidered are considered," DeBerry told Insider.

☆ Check out the 16-slide pitch deck the sustainable-healthtech startup Cabinet Health used to nab $17 million in new funding
▼ + stars: | 2022-12-21 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The sustainable-healthtech startup Cabinet Health just raised $17 million from Global Impact Fund. Check out the pitch deck Cabinet Health used to land its latest round of funding. Cabinet Health just raised millions of dollars in new capital for its mission to make medication refills more earth-friendly. Cabinet Health was founded in 2018 with the goal of eliminating single-use plastics from the pharmaceutical industry. Check out the 16-slide pitch deck Cabinet Health used to raise its most recent round of funding:

☆ Companies Must Reduce Impact on Biodiversity Under New U.N. Rules
▼ + stars: | 2022-12-19 | by ( Joshua Kirby | ) www.wsj.com time to read: +5 min

Companies will have to show they are reducing their impact on the world’s natural life, though not to a specific level, under a global plan agreed to Monday. Under the agreement—officially called the Kunming-Montreal Global Biodiversity Framework, or GBF—governments between now and 2030 will introduce laws and policy measures requiring large companies and banks to disclose and reduce the damage done to ecosystems from their operations, supply chains and portfolios. The rules aim to take into account the connection between climate and nature, including cultivated and natural biodiversity, deforestation and water use, the ISSB said. Such measures are “critical to addressing the dangerous loss of biodiversity and restoring natural ecosystems,” COP15 organizers said. Even with the framework agreed upon by nations, assessing companies’ biodiversity impact could be a headache.

This could change after negotiators at the U.N. nature summit in Montreal secured long-awaited formal support on Monday for a Global Biodiversity Framework to protect nature. Just 907.6 million euros are invested in Morningstar’s top 10 equity funds with biodiversity in their name. "We know the global economy and every company in it is negatively impacting biodiversity," said Tom Atkinson, portfolio manager at AXA Investment Managers, which has a 117 million euro Article 9 biodiversity impact fund. "At the moment we can only assess the negative impact (on biodiversity) of the companies in our portfolio, this is why more biodiversity funds don't exist and why regulation is arguably dragging." Three of the six largest biodiversity-named funds assessed by Reuters are overweight industrials versus the MSCI ACWI Index (USD).

Pantone recently announced its 2023 Color of the Year: Viva Magenta. SKIP AHEAD Viva Magenta home products | Viva Magenta kitchen products | Viva Magenta beauty products | Viva Magenta apparel and accessoriesAs many sought to do with the 2022 Color of the Year, Very Peri, you may be interested in incorporating Viva Magenta into your wardrobe or home. Viva Magenta home productsThis expert-recommended rowing machine from Hydrow has a Viva Magenta option available for pre-order that is set to ship in February 2023, according to the brand. Pets can get in on the Viva Magenta trend with this plush bed, available in a color close to the new Pantone Color of the Year. Viva Magenta apparel and accessoriesPantone offers a handful of products in Viva Magenta, including this long keychain.

Latino voters are expected to be consequential in determining who Georgia will send to the Senate. Latino voters provided a roughly 80,000-vote net advantage for Warnock on Election Day, according to Barreto. On the GOP side, the National Republican Senatorial Committee is trying to give Walker an edge with Latino voters through its Operación ¡Vamos! Canvassers from GALEO, a Latino nonprofit, knock on doors in Georgia ahead of the Senate runoff election on Tuesday. Ahead of the Senate runoff election, Voto Latino identified 175,000 Latinos in Georgia who are young, low-propensity voters who participated in the last election.

☆ Private equity firm TPG reports 60% drop in earnings as asset sales plummet
▼ + stars: | 2022-11-09 | by ( Chibuike Oguh | ) www.reuters.com time to read: +3 min

SummarySummary Companies Fee-related earnings beat estimatesTPG's stock rises nearly 8%NEW YORK, Nov 9 (Reuters) - Private equity firm TPG Inc (TPG.O) said on Wednesday its after-tax quarterly distributable earnings fell more than 60% due to a plunge in asset sales across its private equity, growth, real estate and impact businesses. However, TPG's fee-related earnings, a closely watched measure that captures income from management fees, was flat at $121 million. "What we're seeing is that investors don't care so much about performance fees but about fee-related earnings and its growth trajectory," said BMO Capital Markets analyst Rufus Hone. "Fee-related earnings is predictable; every dollar of fee-related earnings is worth $2 of performance fees," Hone added. During the quarter, TPG said its private equity funds appreciated by 2.3%, growth funds rose by 3.8% and impact funds were up 2.9%, though real estate funds depreciated by 0.4%.

☆ Carbon-accounting startup Planetly was shut down and all 200 staff laid off just a year after acquisition. Insiders say it's a bad omen for 2023.
▼ + stars: | 2022-11-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

European carbon accounting companies lured $670 million in venture capital last year, as investors banked on growing appetite from corporates to bolster their ESG credentials. The slowdown means 2023 will be the toughest year since the Lehman Brothers collapse for potential closures of acquired companies, the source said. Still, carbon accounting companies are struggling with commercial traction due to market saturation and little differentiation, he said. "But if you acquire a carbon accounting software solution, you are probably a large organisation that has established customer relationships and had conversations about this before. European industry sources added that they expect further consolidation in the carbon accounting space.

☆ 'Selena Gomez: My Mind & Me' review: Gomez opens up about her mental-health struggles in an Apple TV+ documentary
▼ + stars: | 2022-11-04 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +2 min

It’s easy to downplay the courage it takes for celebrities to let down their guard and acknowledge their frailties or fallibility, revealing a side of herself the public doesn’t always see. That alone makes the message significant – a point underscored by the jetsetter parts of Gomez’s life on display here – and if it helps one person, more power to her. Still, if Gomez chafes, understandably, at feeling like “a product,” “My Mind & Me” doesn’t escape the notion that it’s leveraging that fame, and the product-like part of her existence, in order to sell it. “Selena Gomez: My Mind & Me” premieres November 4 on Apple TV+. Disclosure: My wife works for a unit of Apple.

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☆ A pair of European VCs just closed the first tranche of a $50 million social impact fund. Here's the 7-slide LP deck Redstone and EnjoyVenture used to raise the funds.
▼ + stars: | 2022-10-27 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

European VC firms Redstone and EnjoyVenture have closed the first tranche of their social impact fund. We got an exclusive look at the 7-slide LP deck it used to raise the first tranche of the fund. He agreed, but only if he could set up his own venture fund. Paul said he had seen a flurry of activity around environmental impact investing but less so around social impact. "The idea was really to have a holistic understanding of social impact," he said.

☆ Climate investor Satgana funds early-stage founders tackling issues across food, energy, and carbon removal. Here's a peek at its first 16-slide LP fundraising deck.
▼ + stars: | 2022-10-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Climate-focused investor Satgana just closed the first round of its inaugural $29 million fund. We got an exclusive look at the 16-slide pitch deck it used to raise the funds. European venture capital firm Satgana has closed the first tranche of its 30 million euros (around $29 million) climate tech fund. Founded in 2020, the Luxembourg-based investor will write checks of up to 500,000 euros to 40 pre-seed and seed-stage startups across Europe and Africa. This is particularly important for startups that enable other climate tech solutions but may not have direct impact, he said.

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