Clos | Jotup

Dreyfus Ashby & Co. Adds Bodega Rolland MARIFLOR to Its Global Portfolio

Retrieved on:

Monday, April 8, 2024

Restaurant, Bar, Food, Beverage, Wine & Spirits, Retail, Specialty, Foot, Clos, Wine, Estate, Multimedia, Family

Dreyfus Ashby & Co., a leading wine and spirits importer and marketer of a distinguished portfolio of family estate wine and spirits brands from around the world, is very proud to announce the addition of Bodega Rolland MARIFLOR from Argentina to its portfolio.

Key Points:

Dreyfus Ashby & Co., a leading wine and spirits importer and marketer of a distinguished portfolio of family estate wine and spirits brands from around the world, is very proud to announce the addition of Bodega Rolland MARIFLOR from Argentina to its portfolio.
View the full release here: https://www.businesswire.com/news/home/20240408239287/en/
The Mariflor vineyard, part of the Bodega Rolland estate, is located at 3600 feet above sea level at the foot of the Andes Mountains.
We really look forward to a very long collaboration to build our legacy,” said Dany Rolland, owner of Bodega Rolland.
"We are excited to collaborate with Dreyfus Ashby & Co. as we expand to sell our wines nationally in the US,” said Virginie Rolland, US Manager and niece of Michel and Dany Rolland.

ACC 2023 CLO Survey, in Partnership with Exterro, Shows CLO Role Continues to Grow, With Focus on Legal Operations, Industry-Specific Regulations, and Privacy

Retrieved on:

Wednesday, January 25, 2023

Data, Privacy, Lawyer, Government Legal Department, ACC, Clos, Risk, CLO, Association of Corporate Counsel, Data management, ESG, Partnership, Electronic discovery, Computer security, Ethics, Organization, Medical device, Management, Renewable energy

A majority (67 percent) of CLOs expect the volume of privacy-related regulatory enforcement to increase in 2023, up seven percent from 2022.

Key Points:

A majority (67 percent) of CLOs expect the volume of privacy-related regulatory enforcement to increase in 2023, up seven percent from 2022.
Despite this, only 38 percent of CLOs said they plan to hire more lawyers this year, compared to 45 percent in 2022.
“The ‘age of the CLO’ shows no signs of letting up,” said Veta T. Richardson, ACC president & CEO.
“In fact, results of ACC’s industry-leading 2023 Chief Legal Officer’s Survey show that the CLO’s role and responsibilities within their organizations continues to expand and diversify.

KBRA Releases Research – European Securitisation: Quiet End to 2022

Retrieved on:

Friday, January 13, 2023

Banking, Other Professional Services, Professional Services, Finance, Research report, CLO, KBRA, Clos, ABS, Renewable energy

KBRA UK (KBRA) releases a research report examining the European securitisation market in fourth-quarter 2022.

Key Points:

KBRA UK (KBRA) releases a research report examining the European securitisation market in fourth-quarter 2022.
Primary bond markets across Europe were heavily impacted by the rising rate environment and economic slowdown in 2H 2022.
European securitisation markets were no exception, and they were further impacted by the reversal of quantitative easing.
This quarterly KBRA report provides insight into the types of transactions circulated into the European securitisation market.

Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results

Retrieved on:

Tuesday, January 10, 2023

Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.

Key Points:

Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.
For the quarter ended November 30, 2022, total investment income of $26.3 million increased by $9.8 million, or 59.1%, when compared to $16.5 million for the quarter ended November 30, 2021.
Net investment income on a weighted average per share basis was $0.83 for the quarter ended November 30, 2022.
The Company previously declared in fiscal 2023 a quarterly dividend of $0.54 per share for the quarter ended August, 31, 2022 and $0.53 per share for the quarter ended May 31, 2022.

Orchard Global Announces Jon Morgan Has Joined the Firm as Global Head of Consultant Relations

Retrieved on:

Monday, January 9, 2023

Asset Management, Professional Services, Finance, Consultant, BlackRock, Insight, Paul, Clos, Distribution, Insight Investment, Security (finance)

Orchard Global today announced Jon Morgan has joined the firm as Global Head of Consultant Relations.

Key Points:

Orchard Global today announced Jon Morgan has joined the firm as Global Head of Consultant Relations.
In this newly created role, Mr. Morgan will lead Orchard Global’s consultant relations in all aspects related to sales, client services, and investor relations.
Mr. Morgan will report to David Burke, Global Head of Distribution and Investor Relations.
“It is an honor to join David and the entire Orchard Global team to lead consultant relations for the firm under Paul and John’s leadership.

Nassau Financial Group Closes Strategic Transaction and Capital Raise

Retrieved on:

Monday, January 9, 2023

Nassau Financial Group, L.P. (“Nassau”) and Angel Island Capital Management, LLC (“AIC”) today announced that Nassau has merged with AIC.

Key Points:

Nassau Financial Group, L.P. (“Nassau”) and Angel Island Capital Management, LLC (“AIC”) today announced that Nassau has merged with AIC.
Founded in 2008 by Golden Gate Capital, AIC is a specialty credit investment firm that currently manages $3.6 billion in assets including its balance sheet capital of approximately $300 million.
“This transaction significantly strengthens Nassau’s financial profile, adding an incremental $300 million in capital and third-party fee earning AUM, in support of our growth plans,” said Phil Gass, Chairman and CEO of Nassau.
Kirkland & Ellis LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisors to Golden Gate Capital.

Electronic Trading Platform Octaura Appoints Vitaliy Kozak as Chief Product Officer

Retrieved on:

Wednesday, January 4, 2023

Other Professional Services, Software, Finance, Data Management, Professional Services, Technology, Fintech, Other Technology, ABS, Ideation, Clos, Multimedia, CLO, Citigroup, Product management, CDO, Security (finance)

Octaura, the industry-led electronic trading, data and analytics solution for syndicated loans and collateralized loan obligations (CLOs), today announced the bolstering of its C-suite with the appointment of industry veteran Vitaliy Kozak as Chief Product Officer, effective immediately.

Key Points:

Octaura, the industry-led electronic trading, data and analytics solution for syndicated loans and collateralized loan obligations (CLOs), today announced the bolstering of its C-suite with the appointment of industry veteran Vitaliy Kozak as Chief Product Officer, effective immediately.
View the full release here: https://www.businesswire.com/news/home/20230104005053/en/
Vitaliy Kozak, Chief Product Officer of Octaura (Photo: Business Wire)
Mr. Kozak has had a central role in the ideation and development of Octaura as a founding member.
He will be leaving his post as Global Co-head of CLO, ABS, TRUPS and CDO Trading at Citi to head product development for Octaura.
Vitaliy Kozak stated, “I’m thrilled that we are making opportunity-rich asset classes more robust by introducing an industry-led, open market electronic trading platform for syndicated loans and collateralized loan obligations.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution and Quarterly Preferred Shares Dividend

Retrieved on:

Tuesday, January 3, 2023

Consulting, Asset Management, Professional Services, Finance, Trust, Calendar, CLO, Capital loss, Investment, Form 1099, Sale, Security (finance), Life insurance, Clos, Trustee

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points:

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
The Trust’s net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
GAAP”), and, as a result, there may be significant differences between the Trust’s GAAP income and its taxable income.
Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments.

GoldenTree Announces Closing of $487 Million CLO Under GLM Strategy

Retrieved on:

Friday, December 23, 2022

Asset Management, Professional Services, Finance, Appellate court, BofA Securities, Morgan Stanley, AAA, CLO, GoldenTree Asset Management, Investment, GLM, Clos, Wells Fargo, Bank

GoldenTree Loan Management II (“GLM II”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $487 million collateralized loan obligation (“CLO”) to be managed by GLM II.

Key Points:

GoldenTree Loan Management II (“GLM II”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $487 million collateralized loan obligation (“CLO”) to be managed by GLM II.
With the closing of this CLO, GoldenTree Loan Management US CLO 16 (“GLM US CLO 16”), GoldenTree has issued 21 CLOs totaling over $12 billion under its GLM CLO strategy.
Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations.
GLM US CLO 16 will initially be backed by a 95% ramped $474 million portfolio of primarily senior secured loans as of closing and will have a three-year reinvestment period and a one-year non call period.

Best’s Special Report: U.S. Insurers’ Structured Securities Holdings Continue to Rise

Retrieved on:

Monday, December 19, 2022

Other Professional Services, Professional Services, Insurance, Environment, Growth, Insurance, Risk, CLO, News, AM Best, Pressure, NAIC, Investment, Research, ALL, Credit, Financial services, Clos

The Best’s Special Report, “Insurers’ Structured Securities Holdings Continue to Rise,” also notes that despite the overall increase in holdings, insurers’ allocations to structured securities have shifted somewhat.

Key Points:

The Best’s Special Report, “Insurers’ Structured Securities Holdings Continue to Rise,” also notes that despite the overall increase in holdings, insurers’ allocations to structured securities have shifted somewhat.
Residential mortgage-backed securities still represent the largest allocation among structured securities despite insurers pulling back holdings by more than 30% since 2011.
Health insurers hold the smallest dollar amount of structured securities, but the holdings represent the highest percentage of their total bonds.
Structured securities can provide bond portfolio diversification, and AM Best views allocations to various types of structured securities as it would many other traditional asset classes.