Fund Archives - Mediarabe

Pontifax AgTech Closes $302 Million Food and Agriculture Technology Fund

October 8, 2020

SANTA MONICA, Calif., Oct. 8, 2020 /PRNewswire/ — Pontifax AgTech Management (“Pontifax AgTech” or “the Firm”), a leading global growth capital investor in the global food and agriculture sector, today announced the final close of its second fund, Pontifax Global Food and Agriculture Technology Fund II (“Fund II”), with commitments totaling $302 million. Fund II reached its extended hard cap of $300 million and was oversubscribed, bringing the Firm’s current total AUM to $465M.

Fund II attracted commitments from leading institutional investors, comprised of domestic and international financial institutions, state pension funds, university endowments, foundations, investment firms, large-scale growers and family offices. The Firm’s initial fund closed at $105 million in October 2017.

Pontifax AgTech invests globally in commercially established businesses with proven technologies that improve the productivity, sustainability and efficiency of the food and agriculture supply chain. The Firm’s principals work with a proprietary network

California Primary Care Association and Capital Impact Partners Launch $25 Million COVID Response Loan Fund for Community Health Centers | News

October 8, 2020

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SACRAMENTO, Calif. and ARLINGTON, Va., Oct. 8, 2020 /PRNewswire/ — California’s community health centers (CHCs) are facing significant lost revenue as a result of business disruptions due to the COVID-19 pandemic. At the same time, CHCs are incurring unforeseen costs to implement technology for virtual health consultations. The impacts of the pandemic have been further exacerbated for many CHCs by the wildfires plaguing the state.

To bridge this cash flow gap, the California Primary Care Association (CPCA) and Capital Impact Partners have launched the $25 million CPCA COVID Response Loan Fund to provide flexible financing for CHCs. Fund investors include the Alliance Healthcare Foundation, The California Endowment, The California Wellness Foundation, JPMorgan Chase, Richard W. Goldman Family Foundation, and UnitedHealth Group.

It is a vital need, as CHCs not only serve one-in-six Californians, but also a predominate number of patients who fall below the federal poverty level. California CHCs

California Primary Care Association and Capital Impact Partners Launch $25 Million COVID Response Loan Fund for Community Health Centers

October 8, 2020

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SACRAMENTO, Calif. and ARLINGTON, Va., Oct. 8, 2020 /PRNewswire/ — California’s community health centers (CHCs) are facing significant lost revenue as a result of business disruptions due to the COVID-19 pandemic. At the same time, CHCs are incurring unforeseen costs to implement technology for virtual health consultations. The impacts of the pandemic have been further exacerbated for many CHCs by the wildfires plaguing the state.

To bridge this cash flow gap, the California Primary Care Association (CPCA) and Capital Impact Partners have launched the $25 millionCPCA COVID Response Loan Fund to provide flexible financing for CHCs. Fund investors include the Alliance Healthcare Foundation, The California Endowment, The California Wellness Foundation, JPMorgan Chase, Richard W. Goldman Family Foundation, and UnitedHealth Group.

It is a vital need, as CHCs not only serve one-in-six Californians, but also a predominate number of patients who fall below the federal poverty level. California CHCs

Lohmans’ $4 million donation to fund diabetes center at Daytona’s Halifax Medical Center

October 3, 2020

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ORMOND BEACH — When Lowell Lohman met a few years ago with medical researchers working to find a cure for diabetes, he offered praise for their dedication, but also a suggestion:

a person cutting a cake: Nancy Lohman (right) and Halifax Health CEO Jeff Feasel (left) watch as Lowell Lohman signs paperwork to make official the couple's $4 million donation to fund a new Lohman Diabetes Center of Excellence at Halifax Health Medical Center in Daytona Beach.

© Nigel Cook/News-Journal
Nancy Lohman (right) and Halifax Health CEO Jeff Feasel (left) watch as Lowell Lohman signs paperwork to make official the couple’s $4 million donation to fund a new Lohman Diabetes Center of Excellence at Halifax Health Medical Center in Daytona Beach.

“I told them, ‘While you’re searching for it, please make the day-to-day struggle of being a diabetic easier,’” said Lohman, a successful entrepreneur who has been a Type 1 diabetic for 55 years.

Now, Lohman and his wife, Nancy, are making a $4 million donation to support that goal by establishing Lohman Diabetes Center of Excellence at Halifax Health Medical Center in Daytona Beach. It is conceived as a one-stop resource center for diabetes patients

Race for NC state treasurer will turn on health care plan, pension fund investments

October 2, 2020

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This November, North Carolinians will elect an official to oversee the state’s $108 billion pension fund and health care system, which serve nearly a million state employees, their dependents and retirees.

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Republican Treasurer Dale Folwell, 61, is running for re-election. Challenging him is Aaron “Ronnie” Chatterji, 41, a first-time Democratic candidate with a very different background.

Folwell, a certified public accountant, is the first Republican to be elected N.C. treasurer in 140 years. He was a state representative for eight years before running for treasurer. A native of Winston-Salem and alumnus of the University of North Carolina at Greensboro, Folwell touts his familial and political ties to the state.

The son of Indian immigrants, Chatterji would be the first Asian American elected to statewide office in North Carolina if elected. He is a tenured Duke University business and public policy professor. He argues that his lack of political

$1B US Coronavirus Fund Remains Unspent, Except For Trump Ad On COVID-19

October 2, 2020

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KEY POINTS

The bulk of the CDC’s $1 billion coronavirus funding remains unspent despite multiple requests to do so
The funding was part of the Paycheck Protection Program authorized five months ago to help fight the virus
The Trump administration directed $200 million of the funding to a $300 million anti-virus ad campaign

Most of the $1 billion funding package intended to help the U.S. Centers for Disease Control and Prevention (CDC) conduct COVID-19 contract tracing and testing remains unspent, except for $200 million the Trump administration used for ad campaign about the virus.

According to a Bloomberg report, which cited unnamed sources familiar with the situation, the $1 billion in funding was part of the Paycheck Protection Program and Care Enhancement Act, which was authorized more than five months ago.

The relief package was intended to help the CDC improve its surveillance, epidemiology, and contact tracing efforts. It was

time for national plans to help fund global COVID-19 vaccine effort

September 30, 2020

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By Michelle Nichols and Stephanie Nebehay

NEW YORK/GENEVA (Reuters) – United Nations Secretary-General Antonio Guterres said on Wednesday it is time for countries to start using money from their national COVID-19 recovery and response plans to help fund the World Health Organization’s global vaccine plan.

The Access to COVID-19 Tools (ACT) Accelerator programme and its COVAX facility has so far received $3 billion, but needs another $35 billion. It aims to deliver two billion doses of coronavirus vaccines by the end of next year, 245 million treatments and 500 million tests.

“The ACT-Accelerator provides the only safe and certain way to re-open the global economy as quickly as possible. A national vaccine effort in a handful of countries will not unlock the doors to the global economy and restore livelihoods,” Guterres told a high-level virtual U.N. event.

Britain’s Foreign Secretary Dominic Raab – a co-host of the meeting along with

U.N. chief: time for national plans to help fund global COVID-19 vaccine effort

September 30, 2020

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By Michelle Nichols, Stephanie Nebehay

NEW YORK/GENEVA (Reuters) – United Nations Secretary-General Antonio Guterres said on Wednesday it is time for countries to start using money from their national COVID-19 recovery and response plans to help fund the World Health Organization’s global vaccine plan.

The Access to COVID-19 Tools (ACT) Accelerator programme and its COVAX facility has so far received $3 billion, but needs another $35 billion. It aims to deliver two billion doses of coronavirus vaccines by the end of next year, 245 million treatments and 500 million tests.

“The ACT-Accelerator provides the only safe and certain way to re-open the global economy as quickly as possible. A national vaccine effort in a handful of countries will not unlock the doors to the global economy and restore livelihoods,” Guterres told a high-level virtual U.N. event.

Britain’s Foreign Secretary Dominic Raab – a co-host of the meeting along with Guterres,

Black Car Fund looks to expand benefits for NYC for-hire drivers as increased surcharge takes effect

September 28, 2020

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For-hire drivers in New York City can benefit further from a membership with the Black Car Fund which will be expanding the benefits of their program through a surcharge increase of half a percentage point, expected to offer more help in the ongoing pandemic.

The state legislature voted last year to approve the BCF surcharge on customers of Uber, Lyft and other services from 2.5 to 3% which help them provide a new, yet-to-be determined benefit on top of the telemedicine care for drivers, workers’ compensation, safety courses and wellness classes that come free to drivers.

“In these difficult times, we must ensure that for-hire drivers in New York have access to benefits that help them cope with COVID-19 and allow them to maintain both their physical and financial health,” said Ira

Virtual mask design benefits Baltimore LGBTQ fund

September 27, 2020

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Virtual mask design benefits Baltimore LGBTQ fund

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MEGAN PRINGLE, WBAL-TV 11 NEWS. JENNIFER: THANKS, MEG. A VIRTUAL MASK DESIGN COMPETITION IS HAPPENING RIGHT NOW TO BENEFIT THE LGBTQ FUND OF THE BALTIMORE COMMUNITY FOUNDATION. JOINING US TO TALK MORE ABOUT IT, BALTIMORE ARTIST JOAN FOX. THANKS FOR JOINING US THIS MORNING >> GOOD MORNING. >> TELL US ABOUT THE EVENT. >> THE EVENT I TO RAISE FUNDS FOR THE LGBTQ FUNDS. MARYLAND ART PLACE WILL HANDLE THE AUCTION AND THE ARTISTS AND ALL ARTISTS ARE WELCOME TO CREATE A MASK. EVEN THOSE WHO DON’T THINK THEY’RE AN ARTIST BUT YOU LIKE TO CRAFT AND GLUE OR DO ANYTHING AT ALL ARE WELCOME TO CREATE A MASK AND IT WILL BE AUCTIONED OFF. 60% GOING TO THE FUND. JENNIFER: COULD THEY BE DIFFERENT TYPES OF MASKS, LIKE THE NEW ORLEANS