NY Pension Shifts Global Equity Assets to Alts

NY Pension Shifts Global Equity Assets to Alts

The New York State Common Retirement Fund has cashed out of more than $600 million in global equity investments, while making over $700 million in new commitments to alternative investments. The fund also agreed to invest $2 billion in FTSE Russell’s Russell 1000 TPI...
B Capital Collects $200m Through a Secondary Sale

B Capital Collects $200m Through a Secondary Sale

B Capital Group, which backs early- and growth-stage companies focused on digitizing traditional industries, has sold a slice of its holdings in five businesses for about $200m, according to people familiar with the matter. The firm backed the five companies involved...
Biotech Sector Faces Hurdles After an Explosive Year

Biotech Sector Faces Hurdles After an Explosive Year

The biotechnology sector is facing headwinds entering 2022, after an explosive year for funding and initial public offerings. Biotech companies rolled into 2021 with momentum stemming from innovation in the industry and its role in combating the Covid-19 pandemic....