Latest news with #JoshHarris
Business Wire
a day ago
- Business
- Business Wire
26North Announces a Forward Flow Agreement with Renew Financial to Purchase up to $175 Million in Residential Property Assessed Clean Energy
NEW YORK--(BUSINESS WIRE)--26North Partners LP ('26North'), the next-generation alternatives platform founded by Josh Harris, has closed on a forward flow agreement to purchase up to $175 million in Residential Property Assessed Clean Energy ('R-PACE') assets originated by Renew Financial Group LLC ('Renew Financial'), a leader in sustainable home improvement financing. 26North's Investment Grade Alpha ('IGA') team led the transaction. IGA has deployed over $2 billion across renewable energy, consumer finance, residential and commercial real estate and digital infrastructure, underscoring the breadth and depth of the strategy. 'Our partnership with Renew reflects 26North's edge: identifying distinct opportunities and crafting bespoke asset-backed finance solutions that fuel growth for our partners and deliver value for all stakeholders,' said 26North Partner Cole Charnas. Renew Financial is a leading financing provider for sustainable residential upgrades. It administers the R-PACE program in Florida and California. Through property tax assessments, R-PACE enables homeowners to finance home improvements, including hurricane hardening, energy efficiency, renewable energy, water conservation and other resiliency projects. To date, Renew Financial has funded over $2 billion in R-PACE projects, contributing to significant greenhouse gas emission reductions, job creation and utility savings. 'We are pleased to partner with 26North to diversify our asset monetization strategy. This partnership will further support the continued growth and expansion of Renew Financial's R-PACE program in Florida and California,' said Vinay Gupta, CEO of Renew Financial. 'This strategic move will allow Renew Financial to reach more homeowners, facilitating greater adoption of resilient, clean energy and energy-saving measures in residential properties.' For more information about 26North, please visit About 26North 26North Partners LP is an integrated, multi-asset class investment platform that provides investment advice and opportunities to its clients related to a variety of investment strategies, including, but not limited to, private equity, credit, and insurance and reinsurance solutions. The 26North team brings decades of experience managing third-party capital to help clients achieve their financial goals while leaving a lasting impact on the communities where it operates. Since launching in late 2022, 26North has grown to approximately $28 billion in assets under management. About Renew Financial Renew Financial Group LLC (Renew Financial) is a leading R-PACE financing provider in Florida and California. Focusing on community impacts, Renew Financial is committed to driving resiliency and environmentally beneficial projects through the residential PACE program. Renew Financial has funded more than $2 billion in R-PACE projects that have led to greenhouse gas reductions (GHGs) of over 2 million metric tons, equivalent to removing over 424,000 cars from the road. These projects have also contributed to the creation of nearly 27,000 local jobs and savings of over 2.6 billion gallons of water. Renew Financial is a trademark of Renew Financial Holdings, Inc. Visit us on social media: Facebook, LinkedIn, or Instagram.
Yahoo
2 days ago
- Business
- Yahoo
WNBA is coming to Philadelphia: What to know as expansion team announced for 2030 season
The WNBA is coming to Philadelphia. The league announced its expansion plans Monday, adding three new cities – Cleveland in 2028, Detroit in 2029 and Philadelphia in 2030. "What a great day, Philadelphia, the W is coming," Josh Harris, managing partner of the Philadelphia 76ers and co-founder of Harris Blitzer Sports & Entertainment (HBSE), said at the expansion news conference. Advertisement "To the city of Philly, this is your team," Harris said. "Philadelphia is a city that is about sports and basketball in particular, including generations of extraordinary women's basketball talent. "Bringing the WNBA to Philly wasn't just nice to have, it was an obligation," Harris added. "We have an opportunity to build something special. Philly deserves the best women's basketball team in the world and attracts the best women's basketball talent. Here's what to know: Why is Philadelphia getting a WNBA franchise now? There has been an effort for years to bring the WNBA to Philadelphia, but the timing was finally right with the talent level of the players and viability of a franchise. Advertisement "Obviously, Josh (Harris) ... the whole ownership group's long-term commitment to making this work in the city of Philadelphia and obviously this was the right time for the W," WNBA commissioner Cathy Engelbert said at a news conference. "Five years ago, it wouldn't have been the right time. Four years ago, three years ago, if you recall, we raised capital in February 2022. "We've been working real hard on transforming the league to get to the point where the value is there for these three cities to come in," Engelbert SAID. "And the talent, I can't overstate enough, the talent of women's basketball out there, not only in the NCAA ranks, but internationally and globally coming into this league and being able to perform at the highest level – an elite level." What is the name of Philadelphia's WNBA team? The franchise has not announced a team name yet. Who owns the Philadelphia WNBA franchise? According to NBC Philadelphia, the franchise will be based in South Philadelphia and will be owned and operated by Harris Blitzer Sports & Entertainment (HBSE). When does the Philadelphia WNBA team begin play? According to the announcements on Monday, the team is expected to begin play in the 2030 season. How many teams are in the WNBA? The WNBA currently has 15 teams, and Monday's expansion announcement will increase that number to 18. This article originally appeared on Delaware News Journal: WNBA expansion comes to Philadelphia: Franchise announced for 2030 season
CTV News
2 days ago
- Business
- CTV News
WNBA team coming to Detroit
Josh Harris, left, managing partner of the Philadelphia 76ers, Arn Tellem, Detroit Pistons vice chairman, Nic Barlage, representing the Cleveland Cavaliers, listen as WNBA commissioner Cathy Engelbert speaks during a news conference, Monday, June 30, 2025, in New York, announcing WNBA basketball expansion teams in Philadelphia, Detroit and Cleveland. (AP Photo/Doug Feinberg)
Al Arabiya
2 days ago
- Business
- Al Arabiya
Cleveland, Detroit, Philadelphia are set to join the WNBA as expansion franchises starting in 2028
A look at the three expansion teams that the WNBA is adding over the next few years: Cleveland First year of play: 2028. Majority ownership group: Dan Gilbert, who owns the Cleveland Cavaliers. Where they'll play: Rocket Arena, home of the Cavaliers. Practice facility: Retrofit a facility in Independence, Ohio, that is currently used by the Cavaliers. What they're saying: 'They're a ready-made operation–arena, demographic, the psychographic, all the data, those numbers,' WNBA Commissioner Cathy Engelbert said. 'I'm a data geek. All the data we've been looking at as it relates to what would make a successful franchise and obviously look no further than what we already did in the Bay Area.' Detroit First year of play: 2029. Majority ownership group: Tom Gores, who owns the Detroit Pistons. Minority owners: Grant Hill, Chris Webber, Jared Goff. Where they'll play: Little Caesars Arena, home of the Pistons. Practice facility: Building a new facility. What they're saying: 'I think this will be bigger than just the basketball team coming back. It's recognition of all the things that are happening in the city. And finally, I think it's going to have a real economic impact,' Pistons vice chairman Arn Tellem said. Philadelphia First year of play: 2030. Majority ownership group: Josh Harris, who owns the Philadelphia 76ers. Where they'll play: A new arena being built in downtown Philadelphia. Practice facility: The 76ers have a practice facility in Camden, New Jersey. What they're saying: 'Philly fans are passionate, they are full on. They hold you accountable and they hold everyone accountable–the players, the team, the ownership–and you know we embrace that and embrace them,' said Harris Blitzer Sports & Entertainment Managing Partner and co-founder Josh Harris, who owns the 76ers. 'There's a lot of names who've come out of Philly, women's and men's basketball, and there are a lot of girls playing basketball in Philly right now, and this is something that needed to happen.'
Washington Post
2 days ago
- Business
- Washington Post
Cleveland, Detroit, Philadelphia are set to join the WNBA as expansion franchises starting in 2028
NEW YORK — A look at the three expansion teams that the WNBA is adding over the next few years: ___ First year of play: 2028. Majority ownership group: Dan Gilbert, who owns the Cleveland Cavaliers. Where they'll play: Rocket Arena, home of the Cavaliers. Practice facility: Retrofit a facility in Independence, Ohio, that is currently used by the Cavaliers. What they're saying: 'They're a ready-made operation, arena, demographic, the psychographic, all the data, those numbers,' WNBA Commissioner Cathy Engelbert said. 'I'm a data geek. All the data we've been looking at as it relates to what would make a successful franchise and obviously look no further than what we already did in the Bay Area.' ___ First year of play: 2029. Majority ownership group: Tom Gores, who owns the Detroit Pistons. Minority owners: Grant Hill, Chris Webber, Jared Goff. Where they'll play: Little Caesars Arena, home of the Pistons. Practice facility: Building a new facility. What they're saying: 'I think this will be bigger than just the basketball team coming back. It's recognition of all the things that are happening in the city. And finally, I think it's going to have a real economic impact,' Pistons vice chairman Arn Tellem said. ___ First year of play: 2030. Majority ownership group: Josh Harris, who owns the Philadelphia 76ers. Where they'll play: A new arena being built in downtown Philadelphia. Practice facility: The 76ers have a practice facility in Camden, New Jersey. What they're saying: 'Philly fans are passionate, they are full on. They hold you accountable and they hold everyone accountable, the players, the team, the ownership and, you know, we embrace that and embrace them,' said Harris Blitzer Sports & Entertainment Managing Partner and co-founder Josh Harris, who owns the 76ers. 'There's a lot of names who've come out of Philly women's and men's basketball, and there are a lot of girls playing basketball in Philly right now and this is something that needed to happen.' ___ AP WNBA:
