BlackRock is forcing finance to take climate risk seriously

BlackRock is forcing finance to take climate risk seriously

BlackRock, the world’s largest investment firm, will put sustainability at the center of its investment strategy going forward, according to CEO Larry Fink’s annual letter to chief executives. The letter states that BlackRock, which manages almost $7 trillion in...
Private equity group eyes $2.5b clean-up of Bingo

Private equity group eyes $2.5b clean-up of Bingo

Private equity firm CPE Capital, the former CHAMP, has lobbed a $2.5 billion buyout proposal for waste management group Bingo Industries, which marks its biggest move since selling Australia’s second-largest wine group Accolade Wines for $1 billion in 2018. The...
Harness reaches $1.7bn valuation with $115m in new PE financing

Harness reaches $1.7bn valuation with $115m in new PE financing

Harness, a platform for software delivery, has raised $115 million in financing, reaching a valuation of $1.7 billion in just three years after launching from stealth. Alkeon Capital led a $85 million Series C round, along with new investors Battery Ventures, Citi...
10 big things: Affirm leads a feeding frenzy for fintech

10 big things: Affirm leads a feeding frenzy for fintech

Fintech has been a venture capital hotspot ever since the global financial crisis, a calamity that exposed some serious flaws in an industry long dominated by an upper-crust of traditional names. In the ensuing years, a host of new companies pitching upstart...