Campbell Lutyens promotes five to managing director by Released | Jul 17, 2024 Campbell Lutyens, one of the leading global private capital advisors, has announced it has appointed five to managing director in its latest round of promotions.
James Camarda joins Star Mountain Capital as managing director by Released | Jul 17, 2024 Star Mountain Capital ("Star Mountain"), a specialized investment manager with more than $4 billion in assets under management as of June 30 focused on generating defensive and premium yield and total returns from less efficient and resources-intensive market of U.S. private small and medium-sized businesses, has announced that James Camarda has joined as a managing director in Star Mountain’s Tampa, Fla., office.
Constitution Capital Partners Access Fund waives quarterly incentive fee by Released | Jul 17, 2024 Constitution Capital Partners waived its quarterly incentive fee and discounted its management fee for the Constitution Capital Partners Access Fund, a globally diversified, registered, tender-offer fund, that provides investors access to private equity and private credit investments.
Madison River Capital backs JDC Power Systems by Kali Persall | Jul 17, 2024 Madison River Capital (MRC), a lower middle-market private equity firm that spun out of the family office of Tony James, former executive vice chairman of Blackstone, has completed a $190 million recapitalization of and $70 million equity investment in JDC Power Systems.
Investors optimistic on residential transitional loans, says Churchill by Andrea Zander | Jul 17, 2024 Despite the current state of interest rates, investors are optimistic about the residential transitional loan (RTL) space because RTL products are short-term and carry low risk, making them attractive and accretive relative-value investments, according to Churchill Real Estate in a recent report. The optimism is fueled by tightening residential credit spreads, increased origination of new loans, and a growing appetite from both new and existing investors.
Gratus Capital joins The Colony Group by Released | Jul 16, 2024 Focus Financial Partners, a leading partnership of fiduciary wealth management and related financial services firms, has announced that it has entered into a definitive agreement under which Focus partner firm Gratus Capital, headquartered in Atlanta, will join fellow Focus firm The Colony Group. This transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.
Davis Polk hires Sponsor Finance partner Nick Caro by Released | Jul 16, 2024 Davis Polk, the global law firm, has announced that Nick Caro has joined the firm as a partner in the Sponsor Finance practice in New York.
Blue Owl Capital acquires Atalaya Capital Management by Released | Jul 16, 2024 Blue Owl Capital, a leading alternative asset manager, has announced it has entered into a definitive agreement to acquire the business of alternative credit manager Atalaya Capital Management for $450 million. The acquisition is expected to close in the second half of 2024, subject to customary closing conditions, and is expected to be modestly accretive to Blue Owl in 2025.
Nicola Wealth Real Estate exceeds $10b portfolio value by Lewis Dayton | Jul 16, 2024 Nicola Wealth Real Estate, a subsidiary of Nicola Wealth, the Vancouver-based wealth planning and advisory firm, has passed the $10 billion mark for the value of its investment portfolio, reported Evan Duggan for Real Estate News EXchange.
Audit finds IRS is no longer complying with 2020 high-net-worth Treasury Directive by Lewis Dayton | Jul 16, 2024 A recent audit initiated by the Treasury Inspector General for Tax Administration (TIGTA) found that the Internal Revenue Services is no longer complying with a 2020 Treasury Directive that required the agency to audit a minimum of 8 percent of all individuals with incomes of $10 million or more, reported Anna Sulkin Stern for WealthManagement.com.
