Connect with us

Private Equity

SourceScrub Ranks No. 559 on the 2020 Inc. 5000

Inc. magazine today revealed that SourceScrub is No. 559 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

(PRWeb August 13, 2020)

Read the full story at https://www.prweb.com/releases/sourcescrub_ranks_no_559_on_the_2020_inc_5000/prweb17320324.htm

Avatar

Published

on

Inc. Magazine Unveils Its Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000

SourceScrub Ranks No. 559 on the 2020 Inc. 5000 With Three-Year Revenue Growth of 840.04 Percent

Inc. magazine today revealed that SourceScrub is No. 559 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We’re extremely honored to be on the Inc. 5000 list this year. Since we started this journey in 2015, we have set out to double in growth and revenue each year. This goal, along with our goal of transforming the M&A industry, has been made possible because we’ve always had an extremely talented and diligent team,” said CEO, Tyler Fair.

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.

About SourceScrub

SourceScrub, LLC is the world’s leading data service covering purely private companies. Founded in 2015, the company services hundreds of the world’s top financial institutions helping them research, find and connect with private companies. SourceScrub leverages both human editing and machine learning techniques to build the most comprehensive and accurate data set available on the market. The Company has over 1 million companies in its database which is refreshed entirely every 30 days. Over 80% of the private companies covered have no existing venture capital or private equity investment providing its customers a unique data service unparalleled in the industry.

CONTACT:

Cheyenne Kolosky

714-697-5276

ckolosky@sourcescrub.com

More About Inc. and the Inc. 5000

Methodology

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.

For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.

Share article on social media or email:

Source: https://www.prweb.com/releases/sourcescrub_ranks_no_559_on_the_2020_inc_5000/prweb17320324.htm

Private Equity

Two weeks left to score early bird savings at TC Sessions: Space 2020

NASA just made history by landing a spacecraft on an asteroid. If that kind of technical achievement carbonates your glass of Tang, join us on December 16-17 for TC Sessions: Space 2020, an event dedicated to early-stage space startups. We’ve launched early-bird pricing, and $125 buys you access to all live sessions, plus video on […]

Avatar

Published

on

NASA just made history by landing a spacecraft on an asteroid. If that kind of technical achievement carbonates your glass of Tang, join us on December 16-17 for TC Sessions: Space 2020, an event dedicated to early-stage space startups.

We’ve launched early-bird pricing, and $125 buys you access to all live sessions, plus video on demand. Don’t procrastinate. Buy your pass now before the early-bird reenters Earth’s atmosphere (and prices go up) on November 13 at 11:59 p.m. (PT).

More ways to save: Go further together with early bird group tickets ($100) — bring four team members and get the fifth one free. We also offer discount passes for students ($50) and government, military and non-profits ($95). Looking for out-of-this-world exposure? An Early Stage Startup Exhibitor Package ($360) includes four tickets, digital exhibition space, a pitch session to attendees and the ability to generate leads. Bonus savings: Extra Crunch subscribers get a 20 percent discount.

TC Sessions: Space is an unrivaled opportunity to learn from, connect and network with boundary-pushing founders, investors and officials from NASA, the Aerospace Corporation, the U.S. Air Force and leading space companies spanning public, private and defense sectors.

We’ve packed the conference with outstanding presentations, fireside chats and interviews. Plus, you’ll find breakout sessions on specialized topics, audience Q&As with Main Stage speakers and the expo area for partners and early stage startups.

Here’s a taste of the topics but keep an eye on the agenda, because we’ll add more speakers and sessions in the coming weeks.

Asteroid Rocks and Moon Landings

Lisa Callahan, vice president/general manager of commercial civil space at Lockheed Martin Space, discusses all aspects of scientific and civil exploration of the solar system — from robots scooping rockets from the surface of galaxy-traveling asteroids, to preparing for the return of humans to the surface of the Moon.

Sourcing Tech for Securing Space

Lt. General Thompson is responsible for fostering an ecosystem of non-traditional space startups and the future of Space Force acquisitions, all to the end goal of protecting the global commons of space. He’ll discuss what the U.S. looks for in startup partnerships and emerging tech, and how it works with these young companies.

Bridging Today and Tomorrow’s Tech

Corporate VC funds are a key source of investment for space startups, in part because they often involve partnerships that help generate revenue, and because they understand the timelines involved. SpaceFund’s Meagan Crawford and Lockheed Martin Ventures’ J. Christopher Moran discuss how these funds fit in with more standard venture to power the ecosystem.

TC Sessions: Space 2020 takes flight on December 16-17, but we’re starting our early bird countdown right now. Great savings disappear in two weeks on November 13 at 11:59 p.m. (PT). Buy your early bird passes today and celebrate your savvy shopping with a tall glass of Tang.

Is your company interested in sponsoring TC Sessions: Space 2020? Click here to talk with us about available opportunities.

Source: https://techcrunch.com/2020/10/29/two-weeks-left-to-score-early-bird-savings-at-tc-sessions-space-2020/

Continue Reading

Private Equity

Leon Black offers more details on ties to Jeffrey Epstein – Update

Apollo chief executive raised the issue after questions swirled about his relationship with the late financier

Avatar

Published

on

Leon Black, the billionaire chief executive of Apollo, on Thursday, 29 October, offered a history of his ties to the late financier Jeffrey Epstein, his most detailed public account yet of a relationship that sparked renewed concern among his firm’s shareholders and fund investors in recent weeks.

Epstein was indicted last year on federal sex-trafficking charges involving underage girls.

On a call to discuss the private equity firm’s third-quarter earnings, Black said he wasn’t eager to speak publicly about his personal business, “but this matter is now affecting Apollo, which my partners and I spent 30 years building, and is also causing deep pain for my family.”

The Apollo chief reiterated that he paid Epstein millions of dollars annually to provide professional services to his family partnership and other family entities, “involving estate planning, tax, structuring of art entities and philanthropic advice” from 2012 to 2017.

He said there was substantial documentation of the work and that it was vetted by law firms, accounting firms and other advisers.

“There has never been an allegation by anyone that I engaged in any wrongdoing, because I did not,” Black said. “And any suggestion of blackmail or any other connection to Epstein’s reprehensible conduct is categorically untrue.”

Black also re-emphasised that Apollo never did business with Epstein, who died by suicide in jail in August 2019, the New York City medical examiner found.

The speech came after the three Apollo board members to who make up the New York firm’s conflict committee last week hired law firm Dechert to conduct an independent review into Black’s business with Epstein. Black said he asked for the review and is cooperating fully.

The moves were prompted by a New York Timesreport on 12 October that Black had paid Epstein at least $50m — more than previously known—in the years after Epstein was convicted in 2008 of soliciting prostitution from a teenage girl.

The article didn’t present any evidence that Black participated in inappropriate activity, but it sparked concern among some of Apollo’s public-pension fund investors and has weighed on the company’s shares.

Apollo’s shares rose briefly after Black’s statement but later fell about 1% in morning trading Thursday, 29 October.

Black, who co-founded Apollo in 1990, said he met Epstein around 1996 when Epstein was advising a number of prominent clients on estate-tax planning. The adviser had been named a trustee of Rockefeller University and served on the Council on Foreign Relations and the Trilateral Commission.

In his network were “luminaries I respected and admired, including several heads of state, heads of prominent families in finance, a US treasury secretary, accomplished business leaders, Nobel laureates, acclaimed academicians and noted philanthropists,” Black said.

The Apollo chief said he wasn’t aware of Epstein’s criminal conduct until it was reported in late 2006 that he was under investigation by state and federal authorities in Florida.

In 2007, Epstein signed a federal nonprosecution agreement, which has since been scrutinised, to resolve that investigation, pleading guilty the following year to two state prostitution counts. He spent much of his 13-month sentence outside prison.

After his release, Epstein went back to his financial-advisory work and once again began associating with prominent people from finance, academia, science, technology and government,  Black said. He said he didn’t learn the extent of the further allegations about Epstein’s conduct in 2018 until after he had already stopped working with him.

“Like many other people I respected, I decided to give Epstein a second chance,” he said. “This was a terrible mistake. I wish I could go back in time and change that decision, but I cannot.”

Whether Black’s explanation and the independent investigation will be enough to satisfy the firm’s jittery investors remains to be seen. Working to Apollo’s advantage is the fact that big pension funds, which typically need to invest large sums of money, have relatively few options for where to do so. And Apollo’s funds have continued to offer them strong returns.

Any defections among investors could theoretically threaten the firm’s goal set last year of reaching $600bn in assets over the next five years. For now, growth in the metric is chugging along. The firm said that assets climbed to $433.1bn in the third quarter, up from $413.6bn in the prior quarter and $322.7bn a year earlier.

Apollo chief financial officer Martin Kelly said the firm’s assets were durable even if the independent review of Black has an impact on fundraising. He noted that 60% of Apollo’s assets are in permanent-capital vehicles—pools of money that don’t need to be constantly replenished—and 90% are either in permanent-capital vehicles or funds with five years or longer from inception.

Kelly said the firm expects some of its investors will pause new commitments until the independent review has been completed. But even if Apollo raises no additional third-party capital this year, its fundraising of $18.4bn from third parties through 30 September already falls within its typical annual range of $15bn to $20bn, he said.

“We have incredibly long and durable relationships with our clients,” Apollo co-founder Josh Harris said on the call. “We’re deeply in contact with them, and obviously they are awaiting the results of the review Leon discussed.”

In response to an analyst question about how long the review would take, Apollo said it hoped the process could be completed by the end of the year, but that it was in the hands of the conflict committee.

Apollo also reported lower net income and distributable earnings for the quarter. It posted net income of $272.4m, or $1.11 a share, down from earnings of $363.3m, or $1.63 a share, a year earlier. The decline was primarily driven by a bigger loss attributable to noncontrolling interests.

Fee-related earnings were a bright spot, climbing 30% year-over-year.

Apollo invested a net $20.9bn across its various investment platforms during the quarter, a metric that reflects investments in vehicles beyond traditional drawdown funds.

The firm said it would pay a dividend of 51 cents per share versus 50 cents a share for the third quarter of 2019.

Write to Miriam Gottfried at Miriam.Gottfried@wsj.com

From The Wall Street Journal

Source: https://www.penews.com/articles/leon-black-offers-more-details-on-ties-to-jeffrey-epstein-update-20201029

Continue Reading

Private Equity

Alternative Investments/ESG: Brunel Allots £1.2B ($1.55B) Sustainable Mandate To Three Managers

The Brunel Pension Partnership has picked Ownership Capital, RBC Global Asset Management, and Nordea Asset Management to manage its new Sustainable Equities Fund of around £1.2 billion ($1.55 billion). Brunel is one of eight pooled Local Government Pension Scheme funds in the U.K.

Avatar

Published

on

Alternative Investments/ESG: Brunel Allots £1.2B ($1.55B) Sustainable Mandate To Three Managers

https://platodata.net/wp-content/uploads/2020/10/alternative-investments-esg-brunel-allots-1-2b-1-55b-sustainable-mandate-to-three-managers.jpg

The Brunel Pension Partnership Limited (Brunel) launched a new Sustainable Equities Fund for local authorities’ pension funds.

The Brunel Pension Partnership has picked Ownership Capital, RBC Global Asset Management, and Nordea Asset Management to manage its new Sustainable Equities Fund of around £1.2 billion ($1.55 billion).

Brunel is one of eight pool Local Government Pension Scheme funds in the U.K.

The sub-fund mandate is on behalf of 10 local government pension scheme funds. They wanted a listed equity portfolio with a pronounced skew in favor of ESG considerations. The emphasis would be on companies with positive ESG performance rather than negative exclusions. (Institutional Asset Manager)

Multi-manager sustainable fund

Brunel shortlisted the three managers from 70 expressions of interest.

“The three managers we appointed share a broad investing style and a prioritization of sustainability, yet their approaches are also different enough to provide clients with the diversification they were looking for,” said David Cox, Head of Listed Markets at Brunel.

“We were delighted to find managers who share our understanding of sustainability, embedding it deep into their culture and investment processes,” says David Jenkins, Portfolio Manager for the Sustainable Equities Fund. “This portfolio, therefore, meets our aspiration to go beyond traditional Responsible Investing and ensure that the managers are engaged with the companies and are investing in them for positive reasons, not simply focusing on negative exclusions.”

Investment thesis

The portfolio is significantly underweight to the GICS energy sector. It also features an aggregate carbon intensity that is significantly lower than its benchmark, the MSCI All Country World Index.

The selected managers will integrate ESG considerations into their whole investing process. Their focus will not be to manage ESG risks – rather to positively seek out exposure to companies on a sustainable path.

In the process, they would also generate a suitable financial return.

Related Story:  Insurers Take a Fancy To ESG & Sustainability ETFs (Invesco)

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

Shape

Latest Alternative Investment News

Source: https://dailyalts.com/brunel-allots-1-2b-1-55b-sustainable-mandate-to-three-managers/

Continue Reading
Blockchain15 mins ago

Blockchain15 mins ago

Blockchain15 mins ago

Blockchain15 mins ago

Blockchain15 mins ago

Blockchain16 mins ago

Blockchain16 mins ago

Blockchain16 mins ago

Blockchain16 mins ago

Blockchain16 mins ago

Venture Capital18 mins ago

Venture Capital18 mins ago

Venture Capital18 mins ago

Venture Capital18 mins ago

Venture Capital18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Saas18 mins ago

Venture Capital24 mins ago

Azimo joins Australian fintechs in fight for cheaper international money transfers

Press Releases32 mins ago

Proclamation des meilleures villes du monde pour 2021

Press Releases35 mins ago

Saban Music Group y la brillante estrella, CHESCA lanzan “El Cambio,” una versión en español de “The Change” de Diane Warren, un himno para la campaña de 2020 de Joe Biden y Kamala Harris ¡y mucho más!

Press Releases42 mins ago

SIMBA Chain Brings Home the Gold Medal in the U.S. Air Force’s First Advanced Manufacturing Olympics

Press Releases43 mins ago

The Final Strip Resort to Reopen, The Cromwell Returns as First Adults-Only Hotel and Casino on Las Vegas Blvd.

Press Releases43 mins ago

Antero Resources Issues Notice of Redemption for its 5.375% Senior Notes Due 2021

Saas46 mins ago

5 Interesting Learnings from Zendesk. As It Crosses $1B in ARR.

Press Releases2 hours ago

FINAFLEX Celebrates New Partnerships to Increase Distribution of its Popular Oatmeal Protein Pie

Press Releases2 hours ago

Ravinia Plumbing, Sewer, Heating & Electric Now Offering Chicagoland Homeowners Furnace Inspections

Blockchain2 hours ago

Atari Chief: ‘I’m a Big Supporter of the Blockchain’

Press Releases2 hours ago

Set the Scene for Movie Night

Press Releases2 hours ago

Gold House Announces Black Friday Sale With Fall 2020 Gold Rush Cohort

Press Releases2 hours ago

Sandra Day O’Connor Institute For American Democracy Launched

Blockchain2 hours ago

CZ terms report of Binance trying to evade US regulators as ‘Fud’

Press Releases2 hours ago

Americas Market Intelligence to Hold 2021 LatAm Risk Symposium

Trending