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Joe Bennett Joins Adit Ventures as Managing Director


Joe Bennett Joins Adit Ventures as Managing Director
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WASHINGTON, April 13, 2021 /PRNewswire/ Former investment banker and finance professional Joe Bennett has joined Adit Ventures, a leading, family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager. Joe will lead Adit s launch of its new innovative infrastructure investment platform to complement existing Adit offerings. Mr. Bennett will be based out of Washington, DC. Please visit www.aditventures.com for further information.
Adit Ventures is thrilled to have Joe join our firm. His background as an investment banker in the energy and infrastructure sectors at Barclays and private equity experience brings new perspective to our firm to help Adit diversify our platform to offer a broad spectrum of investment vehicles to our investors said Eric Munson, Founder & CIO of Adit Ventures. Joe s deep transaction experience ....

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Adit Ventures Proud SoFi Investor Excited for SoFi's Plan to Become Publicly-traded via Merger with Social Capital Hedosophia


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NEW YORK, Jan. 11, 2021 /PRNewswire/  SoFi, A Leading Next-Generation Financial Services Platform, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia.
SoFi has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. V ( SCH ) (NYSE: IPOE), a publicly traded special purpose acquisition company, to bring a major consumer-focused financial technology business to the public markets. The transaction values the Company at an equity value of $8.65 billion post-money.
The PIPE is being led by Chamath Palihapitiya, Founder and CEO of SCH, and Hedosophia, who are together contributing $275 million; top-tier institutional investors comprise the remaining $950 million of the PIPE include funds and accounts managed by Altimeter Capital Management, Baron Capital Group, BlackRock, Coatue Management, Durable Capital Partners LP, and Healthcare of Ontario Pension Plan (HOOPP). ....

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