However, only 22% of asset managers have credible plans to support th Laxman Pai, Opalesque Asia: A survey revealed a significant rise in the number of fund management groups pledging to become net zero by 2050, with 81% now having such a commitment in place versus only 41% the previous year. Laxman Pai, Opalesque Asia: Sustainability-focused investment manager Mirova has raised €1.6 billion ($1.57bn) for the Mirova Energy Transition 5 (MET 5), its fifth - and by far largest - energy transition infrastructure equity fund, focused on the renewable energy and low-carbon mobility sectorsĨ1% of asset managers pledging net zero targets, but only 22% have a 'credible' plan Mirova raises $1.57bn for infra impact fund TA Debt Fund V is significantly larger than its predecessor fund, TA Subordinated Debt Fund IV, which closed at $542 millio Laxman Pai, Opalesque Asia: TA Associates, a global growth private equity firm, has closed its fifth debt fund at more than $1.1 billion, beating its $600 million target. TA Associates wraps up its fifth debt fund at over $1.1bn Savin Multi-Strategy Arbitrage Fund voted the AIF Factor 2022 winner ĭuring ABN AMRO Clearing's 10th Amsterdam Investor Forum (AIF) on 20 and 21 September 2022, Savin Multi-Strategy Arbitrage Fund by Savin Investment Partners was voted the AIF Factor 2022 winner Since its previous letter in February, Ortelius has tried to engage with Trecora's board with proposals to add several individuals with focused industry and capital markets experience to the board, and with a plan to improve. These returns are a result of operational missteps, poor capital allocation decisions, and missed strategic opportunities. But the stock price has chronically underperformed its peers, relevant indices, and the market. The investor believes that Trecora has significant upside potential based on its high-quality assets, the letter says. Ortelius owns approximately 11.3% of the outstanding common stock of Trecora, making it the company's largest stockholder. They are "rather aimed at providing Ortelius a special, substantial economic interest in Trecora, or control of Trecora, without Ortelius providing a premium to other shareholders." They have considered most of Trecora's proposals and found them to have no supporting plans. That is not true, replied the petrochemical company the next day. The investor claims that Trecora's results are disappointing and that the company refuses to consider Ortelius' proposals and director candidates. Ortelius Advisors, an activist hedge fund based in New York City, has this week delivered an open letter to stockholders of Trecora Resources, a petrochemicals company based in Texas.
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Shareholders will vote on the financing deal on Oct. Ortelius recently increased its ownership of Capital Senior Living to 13%. “At this time Capital Senior Living has received no alternative financing proposal from Ortelius or any other party,” a spokesman for the company said. The terms include a lower borrowing rate than the company's proposed raise, the sources added. Ortelius has also lined up a term sheet for a $46 million bridge loan for Capital Senior Living, in case the company prefers supplemental debt financing, the sources said.
At the time, DeSorcy signaled a willingness to provide a near-term cash injection.
The offer comes roughly one month after Ortelius said it intended to block plans by the Dallas-headquartered operator of assisted living and related facilities to raise $152.5 million.
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