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Gen Phoenix Secures $15M Investment Round as Tapestry Expands Strategic Partnership with Supply Agreement
Prnewswire· 2025-07-15 08:00
Core Insights - Gen Phoenix has announced an expanded partnership with Tapestry, including a three-year supply agreement and a $15 million investment round led by Material Impact, increasing Tapestry's equity stake to 9.9% [1][5] - The partnership aims to innovate sustainable materials, enhancing the supply chain resilience and aligning with consumer values for sustainability [4][7] Company Overview - Gen Phoenix specializes in sustainable recycled leather fiber materials, utilizing a circular process to transform leather offcuts into premium materials [6][8] - Tapestry is a global house of brands, including Coach, Kate Spade, and Stuart Weitzman, committed to craftsmanship, innovation, and sustainability [9] Partnership Dynamics - The collaboration has evolved into a strategic partnership, focusing on co-creating sustainable solutions and sharing resources such as R&D and design insights [3][4] - The partnership is positioned as a blueprint for integrating material innovation with brand heritage, aiming for a significant impact on the fashion industry's sustainability efforts [3][5] Investment and Growth - Tapestry's investment will enable Gen Phoenix to scale production, expand into new markets, and enhance R&D for fully circular leather solutions [7] - Gen Phoenix's production facility in the U.K. has the capacity to produce over 60 million square feet of material annually, supporting the growing demand for sustainable luxury materials [7][8]
X @The Wall Street Journal
In private group chats, travelers ranging from the merely wealthy to actual billionaires buy and sell seats on personal planes and chartered jets at relative discounts. “Sometimes you don’t want to spend $25,000 to $30,000 going up to New York.” https://t.co/D4IdhXZ6wj ...
StepStone Group Expands Investor Access to Evergreen Funds with Goji's Technology
Globenewswire· 2025-07-15 07:05
Company Overview - StepStone Group is a global private markets investment firm with approximately $709 billion in total capital as of March 31, 2025, including $189 billion in assets under management [2] - The firm serves a diverse client base, including large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [2] Partnership with Goji - StepStone Group is leveraging Goji's technology to enhance access to its European private market evergreen funds, aiming to simplify the investor journey [1] - Goji provides a technology-enabled investment platform that offers a secure, scalable, and customizable solution for asset managers and investors [3] - The collaboration is expected to deliver a streamlined and efficient investment experience, supported by Euroclear's digital infrastructure and regulatory expertise [1] Fund Performance - StepStone Private Markets (Luxembourg) ("SPRIM Lux") has $351 million in assets under management and a total net return of 43.81% since its inception in September 2022 [4] - StepStone Private Venture and Growth (Luxembourg) ("SPRING Lux") has $427 million in assets under management with a total net return of 70.65% since its inception in November 2022 [4] - StepStone Private Infrastructure (Luxembourg) ("STRUCTURE Lux") has $89.9 million in assets under management and a total net return of 32.24% since its inception in September 2023 [4] - StepStone Private Credit Europe ELTIF ("SCRED Europe") launched in February 2025 with over €250 million in seed capital, focusing on a diversified European private credit strategy [4]
X @Cointelegraph
Cointelegraph· 2025-07-15 04:30
🔥 LATEST: Nasdaq-listed Upexi files for additional $200M in private placement to buy more Solana for its treasury.It expects to hold approximately 1.65 million $SOL after closing, more than doubling its previous balance of 735,692 $SOL. https://t.co/x4EW5qrHWX ...
X @The Wall Street Journal
Jamie Dimon says private credit is dangerous—but he’s having JPMorgan jump in with a $50 billion bet https://t.co/5Q515Qbzbr ...
BERNSTEIN:中国制药与生物技术_近期上涨、多重扩张及仍存在机会的领域
2025-07-15 01:58
10 July 2025 China Pharma and Biotech China Pharma & Biotech: recent rally, multiple expansions, and where we still see opportunities Rebecca Liang, Ph.D. +852 2123 2656 rebecca.liang@bernsteinsg.com Haopeng Zhou +852 2123 2630 haopeng.zhou@bernsteinsg.com William Pickering, MD +1 917 344 8340 william.pickering@bernsteinsg.com Louisa Qiu +1 917 344 8495 louisa.qiu@bernsteinsg.com Will the pharma / biotech rally go on? China healthcare is having the strongest rally since mid-2023. Hang Sang Biotech and MSCI ...
X @Bloomberg
Bloomberg· 2025-07-15 00:50
A ferocious advance in Chinese biotech is challenging Western dominance in drug innovation https://t.co/yFJgJvr2sL ...
X @The Economist
The Economist· 2025-07-15 00:00
Financial innovation has transformed Wall Street. As in eras past, surging asset values have concealed cracks in the new financial order. Whatever dangers are lurking, Donald Trump’s presidency will make them more dangerous still https://t.co/fIPtErAKwk ...
US Copper Corp Proposes $750,000 Non-Brokered Private Placement
Newsfile· 2025-07-14 22:26
Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - US Copper Corp (TSXV: USCU) (OTCQB: USCUF) (FSE: C73) ("US Copper" or the "Company") announces a proposed non-brokered private placement for aggregate gross proceeds of up to $750,000 comprised of up to 7,500,000 units at a price of $0.10 per unit (each such unit being comprised of one common share and one warrant) (the "Offering"). Each whole warrant will entitle the holder to purchase one common share for $0.15 at any time within 2 years after closing. ...
Pineapple Financial Reports Q3 Fiscal 2025 Results: Reduced Losses, Improved Cash Flow, and Sustainable Growth in a Shifting Market
Newsfile· 2025-07-14 21:30
Pineapple Financial Reports Q3 Fiscal 2025 Results: Reduced Losses, Improved Cash Flow, and Sustainable Growth in a Shifting MarketJuly 14, 2025 5:30 PM EDT | Source: Pineapple Financial Inc.Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - Pineapple Financial Inc. (OTC Pink: PAPLF) ("Pineapple" or the "Company"), a leading Canadian mortgage technology and brokerage platform, today announced its unaudited financial results for the three and nine months ended May 31, 2025.In a year defined b ...