Latest news with #PowerSustainable
South China Morning Post
13-06-2025
- Business
- South China Morning Post
Who is Lili Buffett? Warren Buffett's granddaughter-in-law is a fashion-forward finance executive who's been dedicated to humanitarian causes since her university days
The world's fifth richest person (at the time of writing), Berkshire Hathaway CEO Warren Buffett , is well known for his philanthropy. Earlier this year, the 94-year-old announced plans to donate over 99 per cent of his US$152.8 billion fortune to a charitable trust that his three children – Susie, Howard and Peter Buffett – will be in charge of. The Buffett siblings have been tasked with allocating the money to charities of their choosing within 10 years of their father's death. Warren Buffett, pictured in 2018, has been CEO of Berkshire Hathaway since 1970. Photo: Reuters Given the importance Buffett places on giving back to society, it is no surprise that his grandchildren and their partners are following in his footsteps. An example of this is his granddaughter-in-law Lili Buffett, wife of Howard Buffett's son, Howard Warren Buffett. Advertisement Here's everything to know about Lili Buffett. What does she do for work? Warren Buffett's granddaughter-in-law Lili Buffett is vice-president of investor relations at alternative asset manager Power Sustainable. Photo: @lilibuffett/Instagram Lili Buffett grew up in Miami before moving to New York for university. She studied economics and philosophy at Columbia University, where her husband is now a professor. She works as vice-president of investor relations at Power Sustainable – a sustainability-focused alternative asset management company headquartered in New York – having previously worked at JPMorgan Chase , the largest bank in the US. Lili says that in her role, she 'cultivates deep, long-term partnerships with institutional investors, philanthropic families, and foundations aligned with Power Sustainable's mission to catalyse capital towards global clean energy and infrastructure solutions'. Her philanthropic ventures Lili Buffett serves on the Advisory Board of the Smithsonian National Zoo and Conservation Biology Institute. Photo: @lilibuffett/Instagram Since her university days, Lili Buffett has been dedicated to humanitarian causes such as alleviating poverty, eradicating gender inequality and making healthcare universally accessible. She served on the Goalkeepers Advisory Board for the Bill & Melinda Gates Foundation until late 2022, and currently serves on the Advisory Board of the Smithsonian National Zoo and Conservation Biology Institute. The 39-year-old has also long advocated for achieving the United Nations' Sustainable Development Goals.
Yahoo
13-05-2025
- Business
- Yahoo
Power Sustainable Closes CAD$110m Term Loan Investment in telMAX
telMAX aims to be the most customer-centric and community-focused internet service provider in Canada. TORONTO, MONTREAL and MIAMI, May 9, 2025 /CNW/ - Power Sustainable Infrastructure Credit ("PSIC") recently closed on a CAD $110M senior secured financing for telMAX (the "Company"), a 100% fibre optic internet, phone and TV provider, based in Ontario, Canada. The credit facility will support the expansion of telMAX's multi-gigabit broadband network throughout the Greater Toronto Area ("GTA"). telMAX has a demonstrated track record of executing on its fibre build plan via a rigorous and disciplined approach to market selection and construction. The Company is focused on building community partnerships and providing residents across the GTA with the best internet experience possible. The investment will fund telMAX's near-term expansion and establish the Company as a leading high speed broadband provider in the GTA. Ben Shenwick, Principal at PSIC, said, "We are excited to partner with telMAX and their exceptional management team as they embark on this next chapter of growth and continue to establish themselves as an industry leader within the Canadian market. We firmly believe fibre is the most energy efficient way of delivering internet, and we look forward to supporting telMAX as they execute on their first-to-market fibre optic build plan with an emphasis on community engagement." Launched in 2023, PSIC is a CAD 1.0B1platform that has now completed six transactions across North America. The strategy aims to provide creative and highly tailored financing solutions to exceptional companies and management teams across infrastructure sectors including energy and decarbonization, transportation and logistics, digital, social, and utilities and recycling. "This financing supports telMAX's ongoing footprint expansion and is a strong endorsement of our business strategy and our customer growth trajectory, enabling telMAX to bring Canada's fastest all-fibre internet service to more communities in the Greater Toronto Area," said Michael Strople, CEO of telMAX. "We look forward to our partnership with Power Sustainable and embarking on the next phase of the telMAX growth story together." Orrick, Herrington & Sutcliffe LLP served as New York legal counsel and Osler, Hoskin & Harcourt LLP served as Canadian legal counsel to PSIC. Bank Street Group LLC served as exclusive financial advisor, Vinson & Elkins LLP served as New York legal counsel and Bennet Jones LLP served as Canadian legal counsel to telMAX. About Power Sustainable Power Sustainable is an alternative asset manager which finances companies and projects that aim for both competitive returns and positive sustainability outcomes. The firm offers institutional investors exposure to alternative assets, which aim to accelerate and scale sustainable solutions across multiple industries. Power Sustainable is a subsidiary of Power Corporation of Canada (TSX: POW), an international management and holding company that focuses on financial services in North America, Europe, and Asia. With CAD 4.0B in assets under management2, Power Sustainable's mission is to catalyze capital towards clean global solutions. Learn more on Power Sustainable's LinkedIn and Website. About telMAX telMAX is a locally based company headquartered in the Greater Toronto Area, offering 100% fibre optic internet, TV, and phone services to residential and business customers. telMAX has been ranked Canada's fastest internet service provider by PC Magazine for the last three years. With ongoing expansion of its award-winning independent fibre network, telMAX currently serves the communities of Brooklin, Stouffville, Newmarket, Aurora, and Richmond Hill. telMAX proudly employs staff from the communities where it operates and is committed to supporting a wide range of community development activities. For more information on telMAX: __________________ 1 As of March 31, 2025. CAD 1.0B represents the total Limited Partner commitments to the PSIC strategy since inception. 2 As of March 31, 2025. View original content: SOURCE Power Sustainable View original content: 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
Cision Canada
09-05-2025
- Business
- Cision Canada
Power Sustainable Closes CAD$110m Term Loan Investment in telMAX
telMAX aims to be the most customer-centric and community-focused internet service provider in Canada. , May 9, 2025 /CNW/ - Power Sustainable Infrastructure Credit ("PSIC") recently closed on a CAD $110M senior secured financing for telMAX (the "Company"), a 100% fibre optic internet, phone and TV provider, based in Ontario, Canada. The credit facility will support the expansion of telMAX's multi-gigabit broadband network throughout the Greater Toronto Area ("GTA"). telMAX has a demonstrated track record of executing on its fibre build plan via a rigorous and disciplined approach to market selection and construction. The Company is focused on building community partnerships and providing residents across the GTA with the best internet experience possible. The investment will fund telMAX's near-term expansion and establish the Company as a leading high speed broadband provider in the GTA. Ben Shenwick, Principal at PSIC, said, "We are excited to partner with telMAX and their exceptional management team as they embark on this next chapter of growth and continue to establish themselves as an industry leader within the Canadian market. We firmly believe fibre is the most energy efficient way of delivering internet, and we look forward to supporting telMAX as they execute on their first-to-market fibre optic build plan with an emphasis on community engagement." Launched in 2023, PSIC is a CAD 1.0B 1 platform that has now completed six transactions across North America. The strategy aims to provide creative and highly tailored financing solutions to exceptional companies and management teams across infrastructure sectors including energy and decarbonization, transportation and logistics, digital, social, and utilities and recycling. "This financing supports telMAX's ongoing footprint expansion and is a strong endorsement of our business strategy and our customer growth trajectory, enabling telMAX to bring Canada's fastest all-fibre internet service to more communities in the Greater Toronto Area," said Michael Strople, CEO of telMAX. "We look forward to our partnership with Power Sustainable and embarking on the next phase of the telMAX growth story together." Orrick, Herrington & Sutcliffe LLP served as New York legal counsel and Osler, Hoskin & Harcourt LLP served as Canadian legal counsel to PSIC. Bank Street Group LLC served as exclusive financial advisor, Vinson & Elkins LLP served as New York legal counsel and Bennet Jones LLP served as Canadian legal counsel to telMAX. About Power Sustainable Power Sustainable is an alternative asset manager which finances companies and projects that aim for both competitive returns and positive sustainability outcomes. The firm offers institutional investors exposure to alternative assets, which aim to accelerate and scale sustainable solutions across multiple industries. Power Sustainable is a subsidiary of Power Corporation of Canada (TSX: POW), an international management and holding company that focuses on financial services in North America, Europe, and Asia. With CAD 4.0B in assets under management 2, Power Sustainable's mission is to catalyze capital towards clean global solutions. Learn more on Power Sustainable's LinkedIn and Website. About telMAX telMAX is a locally based company headquartered in the Greater Toronto Area, offering 100% fibre optic internet, TV, and phone services to residential and business customers. telMAX has been ranked Canada's fastest internet service provider by PC Magazine for the last three years. With ongoing expansion of its award-winning independent fibre network, telMAX currently serves the communities of Brooklin, Stouffville, Newmarket, Aurora, and Richmond Hill. telMAX proudly employs staff from the communities where it operates and is committed to supporting a wide range of community development activities. For more information on telMAX:
