Swiss pension fund worth €10.3bn has decided to switch to an asset class that will allow them to reach its high return targets. Pensionskasse Basel-Stadt (PKBS) didn’t have a great year 2015 and has decided to restructure its allocation and improve its strategy.
Tag: Private Equity
Snapchat has been recently in the news for receiving its biggest threat yet, the introduction of ‘Instagram Stories’. Many may have been wondering what would be Snapchat’s comeback move, new filters? new masks? Well today it seems that we have an answer.
Lyft may not be the highest valued unicorn, but it certainly knows how to put in the extra work to keep its user base happy. The ride-sharing darling, once again pleases its customers by delivering client tailored products and making things easier for its customers.
Continue reading “Lyft’s a crowd pleaser: Here’s how it’s attracting new customer segments”
If it wasn’t already enough with the recent $3.5 billion raise from the Saudi Sovereign Wealth Fund and a valuation of $62.5 billion , Uber is once again raising funds. This time raising $2 billion in the leveraged loan market, making the company the most highly valued VC-backed private company in the world.
Instacart, the company that delivers groceries to your doorstep in as little as one hour, has nothing if not an exciting history. Instacart CEO Apoorva Mehta (who previously made his mark in the Amazon operations division) steered the company through a period of intense revenue growth: from $1 million in 2012 to over $100 million by 2014.
Continue reading “Get your recipe delivered to your front door”
What do a 26-year-old Harvard graduate, the ex-CEO of American Express, and top venture capital firms have in common? The answer is Plastiq: a fast-growing private company with ambitions to revolutionize the way the world pays its bills.
Plastiq is the brainchild of CEO and co-founder Eliot Buchanan, who came up with the idea while he was still a student at Harvard. Eliot struck on the idea when asking himself as an undergraduate student at Harvard in 2011: Continue reading “Plastiq: The company taking the payments industry by storm”
Lyft, the ride-sharing company has been carrying a strong battle against its biggest competitor Uber for a while now. But recently, Lyft has managed to score key partnerships that will contribute to the company’s steady growth and establishment in the industry. Continue reading “Lyft: the story of strategic alliances”
