Bill Gates invests $78 million in satellite antenna firm Kymeta

Bill Gates invests $78 million in satellite antenna firm Kymeta

Billionaire Bill Gates is leading satellite antenna firm Kymeta’s latest funding round with a $78 million (59 million pounds) investment, the company’s president told Reuters. Redmond, Washington-based Kymeta, which sells pizza box-sized antennas for installation on...
Carlyle Group Buys Eight Solar Projects in Maine

Carlyle Group Buys Eight Solar Projects in Maine

Carlyle Group Inc. has acquired eight solar projects in Maine as the asset manager seeks to capitalize on New England’s expanding renewable-energy market. The projects are expected to cost more than $130 million to build and will deliver 100 megawatts of solar-power...
Can private-equity reporting move beyond spreadsheets?

Can private-equity reporting move beyond spreadsheets?

Private equity is considered a sophisticated industry, but when it comes to reporting fund fees and performance to investors, that refinement is less apparent. A lack of standards on how to break down the various expenses incurred by private-equity funds, as well as...