Gresb Announces Majority Investment from General Atlantic'S Beyondnetzero Fund to ...


credit: Fotopedia

It's a sign of the times: A real estate research firm has been bought by a private equity firm in a deal that values the company at more than $1 billion.

The New York Times reports on GRESB's sale to General Atlantic, which will acquire a majority stake in the company.

GRESB, which is based in New York City and Amsterdam, provides standards and benchmarks for sustainable real estate, and its CEO says the deal will allow the firm to "support the next phase of growth through strategic expansion and product innovation."

The Times notes that real estate is one of the biggest sources of greenhouse gas emissions, and GRESB says its research has shown that carbon emissions from real estate contribute to about 40% of global greenhouse emissions.

"With buildings and real estate accounting for 40% of global greenhouse emissions, data is key to unlocking the opportunity to deliver net-zero, resilient assets," General Atlantic's managing director says in a statement.

GRESB will continue to operate as an independent not-for-profit, and its CEO says the firm plans to "reinvest into the company and continue its ongoing work driving GRESB's growth and impact."



Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

Interview with David Craig: Nature Presents a Risk and a Missed Opportunity

Treehugger's list of the world's top tree-huggers is out, and it includes a company that's "one of the world's biggest tree-huggers," per Business Insider. That would be British telecom company...more

Interview with David Craig: Nature Presents a Risk and a Missed Opportunity

Treehugger's list of the world's top tree-huggers is out, and it includes a company that's "one of the world's biggest tree-huggers," per Business Insider. That would be British telecom company...more

Safaraz Ali Recognised as Social Entrepreneur of the Year 2024 by British Asians Who'S Who

British Asians Who's Who has named its Social Entrepreneur of the Year for 2024: Safaraz Ali. Ali is the founder and CEO of the Pathway Group, a not-for-profit that offers a wide range of skills...more

Building Better Csi: Trialogue Business in Society Conference Promotes Collaborative Solutions

If you're in the market for a new suitor, you may want to steer clear of South Africa. The country's Chamber of Commerce and Industry has announced that it will no longer accept applications from...more

How Ankur Warikoo Lost 10 Kgs without Sacrificing Chole Bhature? Entrepreneur Shares ...

Ankur Warikoo is an entrepreneur, author, and content creator who's "recently become a sensation on social media due to his remarkable physical transformation journey," per a press release. Now,...more

Entrepreneur Yaåÿam Ayavefe Launches Fund for Social Entrepreneurs

If social entrepreneurship sounds like your thing, Ya'am Ayavefe has just the thing for you: He's just announced the launch of the Ya'am Ayavefe Social Entrepreneurship Fund, which will provide...more

New Spc Programs Foster Entrepreneurship Across Demographics

"When you look at the profile of these younger generations, the majority of them want to start a business,"Emmanuel Hernandez-Agosto, dean of St. Petersburg College's College of Business, tells...more

Marcel Lebrun and Madhu Verma to Receive Honorary Degrees at Spring and Summer ...

When Marcel LeBrun built his first tiny home in his backyard two years ago, he didn't set out to make a name for himself. Instead, he set out to make 12 Neighboursa tiny-home community in New...more

Key Takeaways from Romania'S Enterprising for Tomorrow Conference

It's called the "social economy," and it has the potential to create millions of jobs and boost Romania's economybut it's still very much a work in progress. The Organization for Economic...more

2024 Flinn Scholars to Receive Full Rides to Arizona Public Universities

"These high-achieving students will obviously impress you with what they include in their scholarship applications, but meeting them in person and learning about their passions and drive for a...more






Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders