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Weekly People & Company News
Markets | March 29, 2024Carlyle Group Names Lindsay LoBue as COO
Alternative Assets | March 28, 2024Lindsay LoBue has been named Carlyle’s COO, effective July 1, following Chris Finn’s retirement after nearly 30 years with the firm. Finn will become a senior advisor to the $426 billion global investment firm after June 30. LoBue has been Carlyle’s deputy COO since October 2023, playing an active role in leading organizational and functional ...
Moderna Gets $750M Backing from Blackstone to Develop Flu Vaccines
Alternative Assets | March 28, 2024Blackstone Life Sciences is investing $750 million in Moderna’s influenza vaccine program as part of the investment platform’s efforts to “support innovative mRNA technology.” According to the terms of the agreement, announced during its annual Vaccines Day event on Wednesday, Blackstone will provide “up to” $750 million to fund the biotech’s flu vaccine research in ...
Cove Capital Fully Subscribes $3.8M Virginia Industrial Net Lease Offering
Alternative Assets | March 28, 2024Cove Capital Investments, LLC, a Los Angeles-based Delaware Statutory Trust (DST) sponsor and real estate investment firm, announced its Cove Net Lease Distribution 66 DST, a regulation D Rule 506(c) Delaware Statutory Trust offering, is fully subscribed. The total amount raised was just over $3.8 million. The industrial distribution warehouse is in Richlands, VA, ...