DFW Real Estate Investment Group Accelerate Infrastructure Opportunities Raises $780 Million
Summary
“We are grateful to CBRE IM and its partners for their investments that allow us to continue to execute and scale our leading infrastructure real estate strategy,” Accelerate Founder and CEO Brennan Potts said. Accelerate’s proven track record, creative structuring and long-term partnership focus positions Accelerate to be the partner of choice to help landowners, brokers and infrastructure companies realize the full value of the land underneath critical infrastructure assets.” Siemens is acquiring Michigan-based Altair Engineering, a computational science and artificial intelligence company that provides software and cloud solutions in simulation and analysis, data science, AI, and high-performance computing that will be combined with Siemens Xcelerator. “CIOs, CISOs, and their teams have the ideal platform to enhance cybersecurity and drive down costs while delighting end users with unmatched productivity gains. Citi Ventures can bring unique perspective and support to help us expand our footprint in the critically important financial services market worldwide.” Coatue Management and Sequoia Capital led the Series D, valuing Island at $3 billion. We believe Island has built a best-in-class browser to meet these new security requirements, while also providing functionality to dramatically improve user experience and productivity.”