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In July, the state Senate approved new legislation that would, for the first time, fund T.N.R. efforts.
In July, the state Senate approved new legislation that would, for the first time, fund T.N.R. efforts.
MK: We invest in a lot of first time fund managers.
"The BBB was absolutely crucial for us in launching our first fund since we were first time fund managers.
What little progress that has been made in bringing more diverse investors into the industry has mostly manifested in young first time fund managers.
By assisting each other with diligence and syndicating deals, resource-constrained first time fund managers stand a chance at knocking their returns out of the park, securing a second fund and supporting their portfolio at the same time.
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(At the time, it was one of the largest-ever first time funds).
There simply aren't enough established brand names still on deck to raise large funds and it is very very hard for first time funds to raise a mega fund.
The fundraising is still in its early stages, and like many first time funds, has a target in the "single digit millions," according to people familiar with the fund.
The subcommittee not only reversed the President's proposed cut, but included for the first time funding for a multilateral education effort -- $40 million for a strengthened and transformed Education for All Fast Track Initiative (FTI).
For the first time, funds are also going to support UNICEF's programmes inside Syria.
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