Michael McKiernan
The Canada Pension Plan Investment Board has doubled down on its Korea Income Joint Venture with asset manager ESR Cayman Limited, as the pair collectively boosted their investment by US$500 million, bringing the total equity allocation to US$1 billion.
According to a news release, the CPPIB contributed the bulk of the new capital to the venture, which was formed in 2018 to focus on logistics assets near major cities in South Korea.
“Korea is already one of the most developed e-commerce markets in Asia and the pandemic has accelerated the growth in the past year, further fuelling the demand for quality logistics facilities,” said Jimmy Phua, the CPPIB’s head of Asia real estate, in a statement.
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Velir Partners with Stella Point Capital to Accelerate Growth Strategy and Expand CX Capabilities
New partnership is designed to fuel growth within key and emerging verticals and further build on Velir s reputation as a technology-enabled digital experience leader
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BOSTON, Jan. 12, 2021 /PRNewswire/ Velir, a leading data-driven digital agency, announced today that it has received a significant equity investment from New York-based Stella Point Capital. This investment is earmarked to accelerate Velir s growth strategy that includes advancing data integration, personalization, and experience design capabilities. Stella Point s partnership will also drive regional expansion and enable strategic growth through future acquisitions. The leadership team, including CEO, Dave Valliere, CTO, Corey Caplette, CSO, Eniola Oluwole, and COO, Maris Hanson, will remain in its position guiding the growth and delivery of services