realestate

DFW Investment Group Secures $780M for Infrastructure Development

Siemens Acquires Altair Engineering for $10.6B; Island Secures Citi Ventures Investment

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ccelerate Infrastructure Opportunities has secured a $780 million capital raise, consisting of a $630 million equity commitment from funds managed by CBRE Investment Management and $150 million in asset-backed securitization. This investment will enable Accelerate to continue executing its infrastructure real estate strategy.

    "We're grateful for the support from CBRE IM and its partners," said Brennan Potts, Founder and CEO of Accelerate. "Our investors recognize the need for investment in infrastructure real estate to drive a connected and sustainable economy." Over the past two years, Accelerate has acquired interests in over 200 properties across 38 states under renewable, transportation infrastructure, and digital assets.

    CBRE IM Managing Director Rob Shaw noted that Accelerate's partnership with CBRE has allowed it to quickly gain market share and cement its leadership position. "Accelerate's proven track record and creative structuring have made it the partner of choice for landowners, brokers, and infrastructure companies," Shaw said.

    Siemens is acquiring Altair Engineering, a computational science and AI company, in a $10.6 billion deal. The acquisition will combine Altair's software with Siemens' Xcelerator platform. "This confirms our position as leader in industrial software," said Timo Nenwtich, CFO of Siemens Digital Industries Software.

    Altair was founded in 1985 and has grown to over 3,500 employees, with around 1,400 working in research and development. The acquisition is expected to be finalized by the end of 2025, strengthening Siemens' position in industrial software and manufacturing processes.

    Island, an enterprise browser company, has secured a commitment from Citi Ventures for its Series D funding round. Island's browser streamlines security postures and reduces costs by modernizing IT infrastructures. "Enterprises with rigorous data security requirements continue to simplify their IT stacks with our enterprise browser," said Mike Fey, Co-founder and CEO of Island.

    Coatue Management and Sequoia Capital led the Series D, valuing Island at $3 billion. The investment will enable Island to build security and IT needs directly into its browser, ensuring safety protections for various functions. "Island has built a best-in-class browser to meet new security requirements while improving user experience and productivity," said Matt Carbonara, Head of Enterprise Tech Investing at Citi Ventures.

DFW investment group secures $780 million for North Texas infrastructure development projects.