World Bank to provide Senegal $29 million to bolster oil sector

The World Bank will provide $29 million to help Senegal as it negotiates oil and gas contracts with producers, it said on Wednesday. Oil firms including BP and Total are developing previously untapped oil and gas fields off Senegal's Atlantic coast that could bring billions of dollars of profits to the impoverished country in the next decade. But many citizens have expressed concern that a lack of transparency and the terms of recent contracts mean that the financial benefits may not filter down to the wider economy. "Enhancing the governance of the extractive sector, strengthening the regulatory and fiscal framework and promoting greater accountability between government and citizens will be essential to ensure everyone benefits from natural resource endowments," said World Bank Country Director for Senegal Louise Cord. It was not immediately clear where the money would go, but the World Bank said it would help the government oversee the oil and gas development and be more transparent in its negotiations.

Over 200 Innovative Start-Ups in Jordan to Benefit from Early Stage Financing

The World Bank announced today a new project to promote entrepreneurship in Jordan by providing critical, early stage financing to the small and medium enterprises (SMEs) that have proven to be the engines of job creation. The new US$50 million project aims to support over 200 innovative start-ups from across the country, with the establishment of a private sector managed funding facility. The Innovative Startups Fund Project will help launch the “Innovative Startups and SMEs Fund” (ISSF). The US$50 million investment from the World Bank will be complemented by US$49 million in co-financing from the Central Bank of Jordan, bringing the total working capital of the ISSF to US$99 million. Along with providing early stage financing, the new Fund will encourage entrepreneurship across the country with outreach to entrepreneurs from lagging regions, underserved industries and underserved groups such as women entrepreneurs.   “Jordan’s business ecosystem is relatively well developed. There is no lack of innovative and creative ideas. However, startup creation is low due to some barriers in the business environment and access to finance”, said Kanthan Shankar, Acting Director of the World Bank Middle East Department. “This project puts in practice the very first recommendation of the Jordanian Economic Policy Council to set up a fund to facilitate financing to innovative startups and SMEs in an effort to increase the level of startups with high-growth potential.”  The Fund is expected to invest US$50 million in approximately 200 Jordanian companies and provide approximately US$3.5 million in investment support to partner investors. Investments in startups will be balanced between the three high risk enterprise stages roughly categorized as: seed; early stage; and venture capital. Investments in SMEs may be in the form of equity or quasi equity instruments. Investments will be opportunistic across all sectors, but primarily in technology, media, telecommunications, service sector with some in agribusiness, pharmaceutical, water, and green energy. “One of the main reasons that discourages an investor from taking a stake in an early-stage company is the high transaction costs incurred to help make a young innovative company successful once it receives capital”, said Randa Akeel, Senior Financial Sector Economist and Task Team Leader. “Evidence from similar World Bank projects in the region and elsewhere has shown that private investors can be attracted to contribute capital to companies that are at an earlier stage if they can share the risk and expand their portfolio”. 

https://eprnews.com/artificial-intelligence-company-based-in-asia-has-raised-usd375-million-in-a-series-a-funding-arranged-by-by-global-private-group-gpg-145950/

Press Release (ePRNews.com) - New York, NY - Jun 20, 2017 - Artificial intelligence Company based in Asia has raised USD375 Million in a Series A funding arranged by by Global Private Group (GPG). The Artificial intelligence Company will use the funding to accelerate its capabilities and invest in large‐scale projects internationally, solidifying its position as one of the largest global Artificial Intelligence companies and creating hundreds of news jobs in the high tech sector by January 2018. Global Private Group is a significant investor in the company, part of a broader strategy of Global Private Group to grow its expertise in artificial intelligence in order to serve the needs of its diversified businesses – a strategy that took shape with the establishment of AI Global Investment Labs in 2016. AI Global Investment Labs’ main areas of focus are content, social, online games and cloud services. AI Global Investment Labs plans to open in Japan, Korea and Singapore to expand further in the Asian market, with its first Asia office in Japan during the third quarter to target the local market. The second office will be opened later in the year in Singapore, which will also serve as a regional hub for Southeast Asia. “Artificial Intelligence is a ‘must have’ capability for global companies,” says AI Global Investment Labs’ CEO. “Without it, they are competitively impaired if not at grave risk of being obsoleted in place. AI Global Investment Labs’ understood this, and supported us to democratize the AI firepower reserved today for only the largest of tech corporations. This historic round will help AI Global Investment Labs’ deliver profoundly powerful AI platforms for all, not just the few.” “The most serious problems facing global industry and government today involve too much complex and rapidly changing data for the cognitive capacity of even large numbers of human experts working together,” These groups – and the customers and citizens they serve – need intelligent systems that can work in concert with them to field that scale and complexity. Global Private Group is one of the largest and most experienced project finance groups in the world compromising more than 300 dedicated specialists in our offices worldwide who are fully qualified to provide financial services and products. Stable financing, efficient execution, expert solutions and customer service are how we help clients succeed. Our broad range of lending products in the areas of corporate lending and investment banking, combined with access to strong capital base; allows us to execute financing that supports your business objectives. Our deal professionals’ industry expertise and attention to your goals during every step of the loan process allows us to offer solutions that help you achieve success.   MEDIA CONTACT: GLOBAL PRIVATE GROUP info@globalprivategroup.com (888)-249-0213 http://globalprivategroup.com Source : Global Private Group

https://www.prlog.org/12647405-medium-size-solar-manufacturer-has-secured-eur139-million-in-financing-from-global-private-group.html

PRLog -- Medium size Solar Manufacturer has secured EUR139 Million in financing from Global Private Group (GPG) to invest in several solar plants in the Southern Europe. This expansion brings Global Private Group's fully operational solar portfolio to over 130 MW, with a total investment to date of approximately EUR620 Million. The Solar Manufacturer has built and project financed several of their solar plants with Global Private Group (GPG) as the sole Lender. This latest investment underlines a successful 20 months for the Solar Manufacturer, a period in which it has constructed approximately 20 MW of solar plants, following the expansion of the team in 2012. Southern Europe remains at least in the short term an attractive place for solar investment, particularly in selected sectors like rooftop mounted PV plants of less than 1 MW  and small size residential and commercial plants sectors in which the Solar Manufacturer is already well positioned and moving aggressively. The CEO of the Solar Manufacturer says: "We are excited to announce the continued expansion of our business, which strengthens our regional diversification and brings our total solar developments across Europe to over 130 MW.  Despite the challenging economic backdrop, we remain confident in the continued growth of our Company and look forward to reporting further substantial progress." The CEO further says: "This latest successful financing achieved in one of the most challenging economic environments is a testament to the strength and strategy of our company.  While funding across the Eurozone is becoming scarcer, we have succeeded in securing support from Global Private Group (GPG) and strong partnerships with Global Private Group (GPG), allowing the continued growth of our solar business." Global Private Group is one of the largest and most experienced project finance groups in the world compromising more than 300 dedicated specialists in our offices worldwide who are fully qualified to provide financial services and products. Stable financing, efficient execution, expert solutions and customer service are how we help clients succeed. Our broad range of lending products in the areas of corporate lending and investment banking, combined with access to strong capital base; allows us to execute financing that supports your business objectives. Our deal professionals' industry expertise and attention to your goals during every step of the loan process allows us to offer solutions that help you achieve success. Visit http://www.globalprivategroup.com for details. Media Contact Global Private Group (888)-249-0213 info@globalprivategroup.com

https://www.prurgent.com/2017-06-20/pressrelease428223.htm

Global Private Group has signed a deal worth Two Billion Seven Hundred Million Euros (EUR 2.7 Billion) to invest in major Iranian projects, it confirmed today. Global Private Group plans to invest 2.7 Billion Euros in several Projects, including oil production, refinery project, and infrastructure and potentially airline in Iran, it said in a statement. The agreement marks one of the biggest investments since a nuclear accord with world powers lifted global sanctions on Iran. Global Private Group has been setting up proper structure during the past nine months to secure proper avenues, everything is now ready says CEO of Global Private Group. Securing the financing through Global Private Group was "the most important and most difficult step," said the Head of Global Private Group’s Iran Investment Fund which is overseeing the investment process. Global Private Group is one of the largest and most experienced project finance groups in the world compromising more than 300 dedicated specialists in our offices worldwide who are fully qualified to provide financial services and products. Stable financing, efficient execution, expert solutions and customer service are how we help clients succeed. Our broad range of lending products in the areas of corporate lending and investment banking, combined with access to strong capital base; allows us to execute financing that supports your business objectives. Our deal professionals' industry expertise and attention to your goals during every step of the loan process allows us to offer solutions that help you achieve success.   Contact Info Global Private Group Global Private Group 730 Fifth Avenue New York, NY 10019 USA Phone: (888)-249-0213 Website: http://www.globalprivategroup.com

https://eprnews.com/global-private-group-has-completed-the-second-and-final-close-of-global-private-fund-vii-146710/

Press Release (ePRNews.com) - New York, NY - Jun 21, 2017 - Global Private Group has completed the second and final close of Global Private Fund VII. The Fund was materially oversubscribed and closed at its fund size limit with USD800 Million of total equity commitments.  With debt leverage, the Fund has the capacity to acquire over USD2.7 Billion in apartment investments. Global Private Fund VII is a fully discretionary, value-add fund that invests in high-quality, well-located multifamily properties across the Europe and UK, and leverages Global Private Group’s extensive operating platform to enhance cash flow through value-add activities.  The Fund’s investor base is comprised of institutional investors from across the globe and accredited high-net-worth individuals. The CEO of Global Private Group Real Estate Division, says: “We are grateful to our investors for their commitment to our most recent value-add fund and are very pleased with the reception that Fund VII received from our international investors. The extremely positive investor response demonstrates a high level of confidence in Global Private Group’s strategy, management team, and vertically integrated operating platform, as well as the recognition of our strong track record. We are confident that this investment opportunity will generate attractive current income and provide strong total returns for our investors.” With the recent opening of Global Private Group’s sixth European Investment Office, Global Private Group continues the expansion of its investing capabilities and is well positioned to acquire apartment investments within its International footprint. Fund VII seeks to invest in multifamily properties in targeted major metropolitan areas across the Europe and UK with healthy fundamentals.  Through renovation, enhanced operations and investing in transitioning locations, Fund VII seeks to add value and produce superior risk adjusted returns. In addition to Global Private Group’s series of value-add apartment funds, Global Private Group also invests in stabilized, core apartments through a USD1.5 Billion separate account with our German Real Estate Special Investment Fund. Global Private Group is one of the largest and most experienced project finance groups in the world compromising more than 300 dedicated specialists in our offices worldwide who are fully qualified to provide financial services and products. Stable financing, efficient execution, expert solutions and customer service are how we help clients succeed. Our broad range of lending products in the areas of corporate lending and investment banking, combined with access to strong capital base; allows us to execute financing that supports your business objectives. Our deal professionals’ industry expertise and attention to your goals during every step of the loan process allows us to offer solutions that help you achieve success.   MEDIA CONTACT: GLOBAL PRIVATE GROUP info@globalprivategroup.com (888)-249-0213 http://globalprivategroup.com Source : Global Private Group

Medium size Solar Manufacturer has secured EUR139 Million in financing from Global Private Group (GPG) to invest in several solar plants in the Southern Europe. This expansion brings Global Private Group’s fully operational solar portfolio to over 130 MW, with a total investment to date of approximately EUR620 Million. The Solar Manufacturer has built and project financed several of their solar plants with Global Private Group (GPG) as the sole Lender. This latest investment underlines a successful 20 months for the Solar Manufacturer, a period in which it has constructed approximately 20 MW of solar plants, following the expansion of the team in 2012. Southern Europe remains at least in the short term an attractive place for solar investment, particularly in selected sectors like rooftop mounted PV plants of less than 1 MW and small size residential and commercial plants sectors in which the Solar Manufacturer is already well positioned and moving aggressively. The CEO of the Solar Manufacturer says: "We are excited to announce the continued expansion of our business, which strengthens our regional diversification and brings our total solar developments across Europe to over 130 MW. Despite the challenging economic backdrop, we remain confident in the continued growth of our Company and look forward to reporting further substantial progress." The CEO further says: "This latest successful financing achieved in one of the most challenging economic environments is a testament to the strength and strategy of our company. While funding across the Eurozone is becoming scarcer, we have succeeded in securing support from Global Private Group (GPG) and strong partnerships with Global Private Group (GPG), allowing the continued growth of our solar business." Global Private Group is one of the largest and most experienced project finance groups in the world compromising more than 300 dedicated specialists in our offices worldwide who are fully qualified to provide financial services and products. Stable financing, efficient execution, expert solutions and customer service are how we help clients succeed. Our broad range of lending products in the areas of corporate lending and investment banking, combined with access to strong capital base; allows us to execute financing that supports your business objectives. Our deal professionals' industry expertise and attention to your goals during every step of the loan process allows us to offer solutions that help you achieve success. GLOBAL PRIVATE GROUP info@globalprivategroup.com (888)-249-0213 http://globalprivategroup.com