Angela Sormani

CalSTRS to boost clean energy, tech investment

California State Teachers’ Retirement System (CalSTRS) has announced plans to increase current clean energy and technology investments from $1.4 billion to $3.7 billion over the next five years in an effort to increase low-carbon investments.

Midwest Mezzanine closes Fund V

Midwest Mezzanine Funds has reached a final close of its fifth lower middle-market focused mezzanine investment fund Midwest Mezzanine Fund V and also Midwest Mezzanine Fund V SBIC on a combined $270 million.

First Reserve in strategic partnership with Covanta

Covanta Holding Corporation has executed an agreement with the Dublin City Council to build, own and operate a new 600,000 metric tonne per year, 58 net megawatt Energy-from-Waste facility in Dublin, Ireland. First Reserve's energy infrastructure arm has provided a convertible preferred investment.

peHUB First Read

Catch up on the latest after the weekend including an insight into banks and their private equity businesses, Blackstone turning its back on Russia and who is Pennsylvania PSERS' top buyout performer.

LP Scorecard: Platinum Equity climbs most for PSERS

The 2012 vintage Platinum Equity Capital Partners-A III has climbed the most for the $50 billion Pennsylvania Public School Employees’ Retirement System (PSERS) for the period Sept. 30, 2012, to Sept. 30, 2013. That vehicle was up 84.8 percentage points out of negative territory to a positive 28.72 percent IRR in 2013 from -56 percent in 2012.

EatWith raises $8 mln Series A led by Greylock Partners

EatWith has secured an $8 million Series A financing round led by Greylock Partners with participation from previous investor Genesis Partners and individual angels. EatWith combines the social nature of eating out with the comfort of a home-cooked meal.

Shamrock Capital Advisors acquires Questex

Shamrock Capital Advisors has acquired Questex, a global business information and events company. Terms of the transaction were not disclosed.

PeerSpace raises seed funds backed by Structure Capital

PeerSpace has raised $1.5 million in seed funding in a round backed by Structure Capital, Ran Makavy, Michael Horwitz, Ron Pizzuti and other angel investors. PeerSpace is a marketplace offering short-term access to creative and inspiring workspaces.

Balance Point backs Topspin's Patch Products deal

Balance Point Capital Partners has backed Patch Products to support Topspin Partners' acquisition of the company. Balance Point provided the senior subordinated notes as well as a minority equity co-investment for the acquisition.

Partners Group part of consortium to operate Sydney's North West Rail Link

Partners Group is part of the Northwest Rapid Transit consortium that has contracted with the New South Wales State Government to build, finance and operate its new transit train network servicing Sydney's North West. The North West Rail Link is Australia’s largest public transport infrastructure project and will deliver a 36km rapid transit service connecting Chatswood on Sydney’s North Shore to Sydney’s north-western suburbs.