West Hartford’s Penwood Real Estate Investment Management has launched its sixth industrial property investment fund with $381.5 million in freshly raised capital.
Penwood Select Industrial Fund VI will acquire and create industrial real estate properties in Southern California, New York and New Jersey, the firm said.
Penwood announced the sixth fund last month, but did not disclose the amount raised. That detail emerged in a Feb. 26 filing with the U.S. Securities & Exchange Commission.
Penwood was formed in 2003 and is led by its three owners Richard Chase, John Hurley and Karen Nista.
The firm’s fifth fund was launched in late 2017 after raising $325 million.
Traders Magazine
BNP Paribas Asset Management appointed
Sandro Pierri as Deputy CEO, with effect from 1 January 2021. This is in addition to his role as Head of BNPP AM’s Global Client Group, which he has held since 2017. Pierri is based in London and reports to Frédéric Janbon, CEO of BNPP AM. Pierri has more than 30 years’ experience in the asset management industry. He began his career in 1989 as a portfolio manager with San Paolo Fondi, moving to BNL Gestioni in 1992, before joining ING Investment Management in Italy in 1994, where he held several commercial roles. Between 2002 and 2003 he was Chief Executive of ING Group’s Italian retail business. Following the acquisition by UniCredit/Pioneer of ING’s Italian business, he joined Pioneer Investments, UniCredit’s asset management division, in 2004. He spent 10 years in various commercial and managerial positions, including being appointed CEO in 2012.
/PRNewswire/ BestEx Research Group, LLC, a provider of high-performance algorithmic execution and measurement solutions for equities, futures, and foreign.
Vice President Kamala Harris drew derision on social media after she told a West Virginia television station that people could be put to work reclaiming abandoned “land mines.” A day earlier, climate envoy John Kerry said during a White House briefing that displaced laborers face “better choices” making solar panels and installing wind turbines.
Biden and his climate team disparage workers as part of their fossil fuel rhetoric By Jennifer A Dlouhy and Ari Natter on 2/16/2021
WASHINGTON (Bloomberg) The Biden administration has gotten off to a rough start trying to reassure coal miners and oil workers whose jobs are threatened by the presidentâs fight against climate change.
Vice President Kamala Harris drew derision on social media after she told a West Virginia television station that people could be put to work reclaiming abandoned âland mines.â A day earlier, climate envoy John Kerry said during a White House briefing that displaced laborers face âbetter choicesâ making solar panels and installing wind turbines.