Pact Capital Partners Takes Minority Stake in Accel-KKR
Pact Capital Partners, a New York firm that invests in the managers of private-markets funds, has made its first deal with the acquisition of a minority stake in software-focused Accel-KKR.
Pact co-founder and managing partner Christian von Schimmelmann got to know the technology investment firm in Menlo Park, Calif., during his time at Goldman Sachs's Petershill Partners, where he co-led its strategy of investing in fund managers and providing seed capital to their funds.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
LiveOne: Fiscal Q4 Earnings Snapshot
BEVERLY HILLS, Calif. (AP) — BEVERLY HILLS, Calif. (AP) — LiveOne, Inc. (LVO) on Wednesday reported a loss of $7.9 million in its fiscal fourth quarter. On a per-share basis, the Beverly Hills, California-based company said it had a loss of 8 cents. Losses, adjusted for asset impairment costs, were 3 cents per share. The company posted revenue of $19.3 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LVO at
Yahoo
12 minutes ago
- Yahoo
NY SWEEPS BAN CRIMINALIZES VENTURE INVESTMENT IN THE EMPIRE STATE, SPGA URGES GOVERNOR TO VETO
WASHINGTON, June 18, 2025 /PRNewswire/ -- The Social and Promotional Games Association (SPGA) strongly believes that Governor Kathy Hochul should veto SB5935, a shortsighted bill that threatens to kill investment, stifle innovation, and undermine New York's position as a national leader for tech and digital entertainment. "This bill doesn't just target sweepstakes, it sends a chilling message to anyone looking to invest in the next generation of gaming innovation," said a spokesperson for the SPGA. "Nearly every form of online gaming we know today, including companies like FanDuel, a New York-based success story, began as pre-regulated concepts. This legislation criminalizes that innovation cycle." SB5935 singles out "individual investors and investment firms" for potential criminal penalties if they invest in any form of online gaming that allows a player to exchange any type of currency for a "cash prize, cash award, or cash equivalents." Troublingly, the bill leaves the definition of what constitutes an offending game entirely at the discretion of the State Gaming Commission, an unelected body. As one New York-based early-stage investor put it: "If this is how the state treats emerging models, it's hard to imagine backing a founder who wants to innovate here." Louisiana Governor Jeff Landry recently vetoed similar legislation, calling it "a solution in search of a problem." We urge Governor Hochul to veto the legislation and protect the very spirit of innovation that has made New York a leader in tech, gaming, and entrepreneurship. ABOUT THE SOCIAL AND PROMOTIONAL GAMES ASSOCIATION (SPGA) The SPGA and its members are committed to protecting players, promoting responsible innovation, and advocating for clear regulations that allow social sweepstakes games to flourish. By uniting stakeholders under a single banner, we present a unified voice for integrity and responsibility in social and promotional gaming. For more information about the Social and Promotional Games Association and to stay updated on upcoming events, visit our website at Follow the SPGA on LinkedIn and X. Logo: View original content to download multimedia: SOURCE THE SOCIAL AND PROMOTIONAL GAMES ASSOCIATION (SPGA) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News24
an hour ago
- News24
Elon Musk's X Corp sues to block New York social media transparency law
• Elon Musk's X Corp has filed a federal lawsuit against a New York state law 'Stop Hiding Hate Act' that requires social media companies to submit semi-annual reports on how they moderate hate speech and disinformation. • X argues the law violates the First Amendment by forcing platforms to disclose sensitive moderation practices. • The law targets companies with over $100 million in annual revenue, imposes $15 000 daily fines for violations. Elon Musk's X Corp has filed a lawsuit challenging a New York state law that requires social media companies to report how they moderate hate speech and disinformation. The complaint, filed in a federal court in Manhattan, seeks to halt the law, which X argues violates the First Amendment by forcing platforms to disclose sensitive information about their content moderation practices. "Today, @X filed a First Amendment lawsuit against a New York law, NY S895B," X's Global Government Affairs team posted Tuesday, adding that it had successfully challenged a similar law in California. "X is the only platform fighting for its users by challenging the law, and we are confident we will prevail in this case as well," the company said. The New York law requires social media companies with more than $100 million in annual revenue to submit semi-annual reports detailing how they define and moderate hate speech, racism, extremism, disinformation and harassment. Companies face fines of $15 000 per day for violations, which can be sought by the attorney general's office. X says the law is "an impermissible attempt by the State to inject itself into the content-moderation editorial process" and seeks to pressure platforms into restricting constitutionally protected speech. The lawsuit comes after X successfully challenged a nearly identical California law last year, according to the filing. New York's law is "a carbon copy" of the California provisions that were struck down, the filing adds. X claims New York lawmakers refused to discuss changes to the bill after the California ruling, with sponsors saying they declined to meet because of content on X promoted by owner Musk that "threatens the foundations of our democracy." READ | Musk's X sues to block California anti-hate speech law The company argues this indicated "viewpoint discriminatory motives" behind the law's passage. Senator Brad Hoylman-Sigal and Assembly member Grace Lee - who introduced the law - said in a statement that their act "does not infringe upon the First Amendment rights of social media companies, nor does it conflict with federal law". "Instead, the Stop Hiding Hate Act requires narrowly tailored disclosures by social media companies to allow consumers to better decide which social media platforms they utilise," they added. "The fact that Elon Musk would go to these lengths to avoid disclosing straightforward information to New Yorkers as required by our statute illustrates exactly why we need the Stop Hiding Hate Act."
