Pension fund Teachers Insurance and Annuity Association of America (TIAA) has sold a part of its stake in land owner Radar SA to its Brazil partner in the venture amid an investigation over foreign ownership restriction rules.
With impact-focused backers from Goldman Sachs Asset Management, Rockefeller Brothers Fund, and leading private equity firms, Blue Bear will drive growth for companies leveraging artificial intelligence to speed the industrialization of renewables and buildout of sustainable supply chains.
The lower middle market and small buyout space possesses more attractive qualities relative to the private equity sector’s large buyout space, according to one firm.