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Chicago-based Venture Firm Gains Approval to Co-Invest in New Jersey’s High-Growth Startups through the NJIEF Program

CHICAGO, IL, UNITED STATES, September 20, 2023/EINPresswire.com/ — EMERGING Fund Management LLC today announced its approval as a Qualified Venture Firm (QVF) by the New Jersey Economic Development Authority (NJEDA) for participation in the New Jersey Innovation Evergreen Fund (NJIEF). This recognition allows EMERGING Fund to leverage up to $12.5 million annually to co-invest in innovative, high-growth businesses based in New Jersey.

EMERGING Fund’s investment are focused on disruptive ventures employing technology to heighten guest experiences, streamline operations, and promote sustainable growth within the restaurant industry. With its strategic engagement, EMERGING Fund offers capital, industry expertise, and a resource network to support their portfolio companies in realizing their ambitious growth objectives.

“Working with NJEDA in this initiative gives us an opportunity to help some of the state’s most promising restaurant and restaurant technology entrepreneurs take their businesses to the next level and simultaneously contribute to building New Jersey’s economy,” said Mathew Focht, General Partner and Founder of EMERGING Fund. “With our capital investment as well as access to a Who’s Who of restaurant industry veterans for strategic advice and mentorship, we can provide critical strategic growth resources for the next generation of businesses in this space.”

The NJIEF, established under the New Jersey Economic Recovery Act (ERA) of 2020 and signed into law by Governor Phil Murphy in 2021, is a groundbreaking initiative enabling the State of New Jersey to become an equity investor in early-stage businesses. With a commitment of up to $300 million, the state collaborates with approved qualified venture firms like EMERGING Fund to co-invest, bringing the total investment potential to $600 million.

The NJIEF’s unique approach to funding, which includes capital raised from the sale of tax credits auctioned in December 2022, aims to bolster the growth of New Jersey’s high-growth businesses. The program has garnered attention from venture firms nationwide, all recognizing New Jersey’s leadership in innovation.

NJEDA Chief Executive Officer Tim Sullivan recently emphasized the state’s dedication to innovation, stating, “The NJIEF offers a unique and responsive solution for getting capital into the hands of the state’s youngest companies while also building on New Jersey’s role as a leader in innovation.”

EMERGING Fund Management LLC joins two other venture capital firms approved in this recent round, bringing the total number of qualified venture firms to ten. Each firm can access the designated funds to co-invest in New Jersey’s most promising startups.

About EMERGING Fund
EMERGING Fund is among the first growth capital funds to pinpoint the explosive convergence of technology, “ResTech,” and restaurant & entertainment concepts. EMERGING Fund provides capital, strategic assistance, and industry knowledge to forward-thinking companies within the sector. With an emphasis on using technology to effect positive change, EMERGING Fund aims to transform the restaurant industry by investing in ventures that re-imagine the guest experience, enhance operational efficiency, and promote sustainability. For more information, visit https://EMERGING.com/fund/

David Bagley
Chief Investment Officer, EMERGING Fund
630-248-4145
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New Total Solution Digital Tokenization Technology Platform Provides Exclusive Access to Institutional Quality Real Estate and Real World Assets (RWA)

PALO ALTO, CA, USA, September 18, 2023/EINPresswire.com/ — In a monumental move for the digital and real assets industry, Monolith Ventures LLC has forged a powerful strategic partnership with technology companies Tassets Inc. and BitOfTrade. Together, they are launching the Monolith Assets Marketplace, a revolutionary blockchain-powered technology platform set to redefine the way institutions, hedge funds, family offices, and sponsors engage to buy and sell assets.

Designed with the modern investor in mind, this state-of-the-art technology platform promises unmatched security, transparency, and efficiency. It is not just about buying and selling; it is about providing a diverse range of institutional investors and real asset holders a seamless experience that also opens doors to a private secondary market tailored specifically for their clientele. The platform will kick off this week as senior management will be attending and presenting at two major conferences, Digital Asset Week in Singapore and CREtechNewYork in New York City.

While other platforms incur challenges that involve multiple intermediaries, cumbersome paperwork, and delayed settlement times, Monolith Ventures, along with its partners, have developed a total solution platform that allows participants to engage in asset purchases and efficient trading with unprecedented ease and confidence in a cost-effective way.

“Today marks a significant milestone in the world of asset trading,” said Robert Rodriguez, CEO at Monolith Ventures. “Our new blockchain-powered Marketplace with digital tokenization abilities creates significantly more options for Real World Asset (RWA) investors and institutions. Our goal is to pioneer a seamless, secure environment where monetization of assets culminates in higher returns for investors.”

The Company said it is beginning with an exclusive array of selected worldwide real estate including hotel and resort properties and has an open invitation to portfolio managers and brokers of qualified investors to either list or procure assets on the platform through their easy to mange “on-boarding” process.

The CEO added, “We are proud to be at the forefront of this transformational venture that has the potential to revolutionize the global financial landscape. Our plan is to add additional asset classes to the platform for investment diversification in commodities such as energy, precious metals, cryptocurrencies, and soon privately owned businesses looking to raise start-up, early stage, and later stage capital through the sale of securitized tokens.”

Features of Monolith Marketplace:

1. Blockchain-Powered Security: The platform’s foundation is built upon blockchain technology, ensuring robust security along with unchangeable and tamper-resistant records. Each asset token represents a verifiable, legally compliant claim to the underlying asset.
2. GlobalAccessibility: The platform caters to a diverse pool of investors offering access to a wide array of digital assets from various geographical regions. This creates greater liquidity and diversification opportunities for investors of all sizes.
3. Smart Contract Automation: By harnessing smart contracts, Monolith’s Marketplace automates several aspects of the trading process, such as asset verification, settlement, and dividend distributions. This reduces administrative overhead and ensures faster and more efficient transactions.
4. Transparency and Traceability: All asset transactions are recorded on the blockchain, enabling real-time transparency and comprehensive audit trails. Participants can track the provenance and ownership history of each asset, building trust and accountability.
5. Enhanced Liquidity: With the removal of traditional barriers, such as illiquidity and high entry thresholds, the platform fosters increased liquidity in the market, attracting a broader pool of investors and improving market efficiency.

Partnership with Industry Experts:

To achieve this groundbreaking initiative, Monolith has partnered with two leading companies in the field of tokenized securities, blockchain technologies, and digital payment systems:

• Tassets Inc.: Provides institutional-grade asset tokenization technology through its Tokenized Asset Lifecycle Management platform (TALM) for the issuance, management, exchange, and transfer of compliant tradable security tokens.

• BitOfTrade: Offers a unique decentralized trading platform for tokens and cryptocurrencies and also features its new AllPay payment system, enabling the use of cryptocurrencies and stable coins for purchases of goods and services with the added ease and security of blockchain technology.

• Bold Capital Group, LLC acted as Advisors to the strategic partners.

For more information on listing assets on Monolith’s digital asset trading platform and to explore investment opportunities, please visit www.Monolith-Ventures.com or contact John Roberts at [email protected].

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About Monolith Ventures:
Monolith Ventures is a forward-thinking technology platform committed to driving innovation through blockchain solutions. With a team of worldwide experts and a vision to transform the financial industry, the company aims to lead the way in revolutionizing how digital assets are bought and sold, creating a more accessible and efficient marketplace for all stakeholders. For more information, please visit www.monolith-ventures.com.

About Tassets:
Based in Silicon Valley, Tassets develops and deploys a white label, customized and branded asset tokenization solution and platform leveraging Blockchain and AI technologies. The company has created Asset Tokenization as a Service (ATaaS) to streamline the entire tokenized asset distribution lifecycle by disintermediating, integrating, and powering the process. By using Tassets’ ATaaS solutions, institutions can reduce costs, digitize their assets, and make them more accessible to a diverse spectrum of investors. For more information, please visit www.tassets.com.

About BitOfTrade:
BitOftrade is a cutting-edge, all-in-one technology platform that caters to users from diverse digital spheres. It offers a decentralized AllPay Widget, a solution that enables effortless wallet linking, cryptocurrency payments, token trading, and NFT purchases directly within any hosting website. Additionally, BitOftrade offers a robust decentralized trading platform with advanced features, including high DeFi liquidity swaps, leverage trades, cross chain messaging and fiat- to-crypto transactions. With its universal interface, BitOftrade empowers users to engage seamlessly in various digital activities, making it a versatile and innovative platform for the crypto community. For more information, please visit www.bitoftrade.com.

Doug Coupe
BOLD Capital Group
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Element Orlando Universal Blvd., a 165-key Marriott International hotel, provides guests immediate access to 20-acre Icon Park and is adjacent to Universal Studio’s 750-acre Epic Universe opening in 2025.

Element Orlando Universal Blvd. a modern, environmentally conscious hotel appeals to active travelers with a comfortable lobby and rooms featuring fully equipped kitchens in spacious studios and suites.

Crescent Real Estate’s acquisition of the Element Orlando Universal Blvd. marks latest addition to Crescent’s expanding premium select-service hotel portfolio.

FORT WORTH, TEXAS, UNITED STATES, September 14, 2023/EINPresswire.com/ — Through its investment vehicle – GP Invitation Fund III, LP – Crescent Real Estate LLC (Crescent) acquired the Element Orlando Universal Blvd., a 165-key hotel operated under a franchise agreement with Marriott International. Located just outside the confines of the mixed-use development known as Icon Park, Element Orlando hotel guests have immediate access to 20 acres of entertainment opportunities.

Comprised of more than 40 restaurants and retail outlets, Icon Park is an open-air complex that is strategically located along Orlando’s International Drive. The 11-mile thoroughfare plays host to Orlando’s primary attractions and is home to some of the world’s top theme parks, the nation’s leading convention center, and the 270-acre Lockheed Martin regional headquarters.

Additionally, on a site adjacent to the Element Orlando hotel, Universal Studio’s 750-acre development known as “Epic Universe” will have a resounding impact on the local economy upon its completion in 2025. While the new theme park will include three separate hotel offerings, the Element Orlando hotel will hold a prominent value proposition in comparison to the room rates commanded inside Epic Universe.

Perfectly suited for this location, Element by Westin, is a modern and environmentally conscious hotel brand designed for today’s healthy, active traveler, catering to both short and longer stays. Rooms feature fully equipped kitchens in spacious studios and suites, spa-inspired bathrooms, and signature Heavenly Beds which provide all guests with serene and comfortable stays. Given its recent delivery to the market, the Element Orlando hotel is one of the newest select service hotels in the surrounding submarket.

As the market fundamentals of Orlando continue to strengthen, the second-largest hospitality market in the country looks to enjoy the tailwinds of the strong tourism industry alongside the reemergence of international travel. The city has been the number one travel destination for close to a decade and has made a quick recovery from the COVID era that hindered the tourism sector. Orlando’s economy extends beyond the tourism industry, with the professional and business services sector employing approximately 251,000 jobs. The area is home to headquarters of more than 60 major domestic companies and hosts operations for over 150 international companies. The Element Orlando Universal Blvd’s superior quality and location is poised to benefit from the continued strong demographic trends in Orlando.

Jason Anderson, Co-CEO of Crescent stated, “Crescent is extremely pleased to announce the addition of the Element Orlando to our growing upscale select-service hotel portfolio. Building a portfolio of exceptional select-service hotels is one of Crescent’s core hospitality strategies and we can think of no better way than to expand our Element ownership following our recent acquisition of the Element Basalt-Aspen.”

“Element Hotels stand out in the select-service space in terms of its high-quality, contemporary design, and we look forward to capitalizing on an asset with minimal capital requirements in such a flourishing area,” Anderson said. “Our prime location along International Drive provides our guests with unparalleled access to the world’s top theme parks, leading convention center, and is directly adjacent to the renowned mixed-use retail and entertainment district known as Icon Park.”

Crescent has engaged HEI Hotels & Resorts, a nationally recognized hotel management firm with extensive experience managing hotels of all categories throughout the United States.

 
ABOUT CRESCENT
Crescent Real Estate LLC (Crescent) is a real estate operating company and investment advisor, founded by Chairman John C. Goff, with assets under management, development, and investment capacity of more than $10 billion. Through the GP Invitation Funds, Crescent acquires, develops, and operates all real estate asset classes alongside institutional investors and high net worth clients. Crescent’s premier real estate portfolio consists of Class A and creative office, multifamily, hospitality, and senior living assets located throughout the U.S., including The Ritz-Carlton, Dallas, and the wellness lifestyle leader, Canyon Ranch^®. For more information, visit www.crescent.com.

ABOUT HEI
HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns or operates 100+ luxury, upper-upscale and upscale independent and branded hotels, and resorts throughout the United States. HEI’s branding partners include Marriott, Hilton, Hyatt, IHG, Choice and Wyndham. The company is renowned for its commitment to its associates under the culture of HEI Loves, its revenue management, profit contribution and empirically based real estate value creation, driven by a full complement of proprietary software tools to set and exceed targets on a fully integrated basis. HEI works hand-in-hand with institutional capital partners on existing assets under management as well as sponsored acquisition opportunities. The company has ample equity capital and strategically co-invests with its partners on many transactions. To learn more about HEI, please visit www.heihotels.com.

Dennis Winkler
Crescent Real Estate LLC
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By L S Herdenia BHOPAL: While Prime Minister Narendra Modi is paying special attention to Madhya Pradesh reports of mounting discontent and anger in the party are pouring in Bhopal from various areas of the state. It was Prime Minister’s sixth visit to Madhya Pradesh in the last six months. On September 14 he came […]

The post Dissensions And Infighting Mark BJP Party In Madhya Pradesh As Poll Approaches first appeared on Latest India news, analysis and reports on IPA Newspack.