Clos

MidOcean Partners Launches Women’s Awareness Initiative (“WAI”) to Advance Gender Diversity in Asset Management Industry

Retrieved on: 
Monday, July 18, 2022
Professional Services, DEI (Diversity, Equity and Inclusion), Environmental, Social and Governance (ESG), Consumer, Women, Finance, Asset Management, Learning, Partner, Woman, Host, Investment, Movement, Riverside, Institutional Limited Partners Association, ILPA, Equity, Program, MidOcean Partners, Female, Goal, Annual, Magazine, Industry, WAI, Clos, Partnership, Awareness, Bank

MidOcean Partners (MidOcean), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced the launch of the Womens Awareness Initiative (WAI), a program committed to bridging the gender diversity gap in the asset management industry near term.

Key Points: 
  • MidOcean Partners (MidOcean), a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, today announced the launch of the Womens Awareness Initiative (WAI), a program committed to bridging the gender diversity gap in the asset management industry near term.
  • Fulfilling the WAI pledge is simple, by design, in an effort to be inclusive by helping asset management firms no matter their size, location, or diversity make-up address gender diversity in the industry today, while building a supportive platform for generations of women in asset management for decades to come.
  • We look forward to sharing the strategies that have made The Riverside Company successful and working together to further improve gender diversity across the asset management industry.
  • MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments.

IDX Announces Electronic Trading Platform for Securitized Products

Retrieved on: 
Thursday, July 14, 2022
Professional Services, Technology, Insurance, Finance, Software, Banking, Technology, CLO, Ecosystem, Frictional unemployment, IDX, LLC, Broker-dealer, Efficiency, Probability, Partnership, Security (finance), Cryptocurrency, Clos

IDX Markets, LLC (IDX) today announced the IDX Platform, the first electronic trading platform for fully integrated trading and market intelligence for securitized products.

Key Points: 
  • IDX Markets, LLC (IDX) today announced the IDX Platform, the first electronic trading platform for fully integrated trading and market intelligence for securitized products.
  • IDX is a registered broker-dealer and a regulated Alternative Trading System, with its flagship platform powered by next-gen technology developed in partnership with Kanerai, a leading, global provider of securitized products analytics and technology.
  • Enhancing market liquidity, efficiency, and transparency, the IDX Platform represents an additional channel of liquidity that complements the existing securitized trading ecosystem, powered by the network effect of leading buyside and dealer institutions.
  • IDX is opening its electronic marketplace for trading global CLOs at launch, with other securitized markets to follow.

FullSpeed Automotive Appoints Rob Lynch as Chief Executive Officer

Retrieved on: 
Tuesday, July 12, 2022
Aftermarket, Retail, Automotive, General Automotive, Performance & Special Interest, Specialty, MidOcean Partners, Brigham Young University, Culture, Bachelor of Science, McDonald's, Acquisition, Leadership, Dartmouth College, The Home Depot, Clos, MBA, Director, Orchard Supply Hardware, Investment, Walmart, LL Flooring, KKR, Growth, Board, Industry, Management, Science, Lynch

FullSpeed Automotive (FullSpeed), one of the nations largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey, SpeeDee Oil Change & Auto Service and Kwik Kar, announced today that Rob Lynch has been appointed Chief Executive Officer of the company and will serve as a member of the companys board of directors effective immediately.

Key Points: 
  • FullSpeed Automotive (FullSpeed), one of the nations largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey, SpeeDee Oil Change & Auto Service and Kwik Kar, announced today that Rob Lynch has been appointed Chief Executive Officer of the company and will serve as a member of the companys board of directors effective immediately.
  • We are thrilled to bring Rob to FullSpeed, said Daniel Penn, Managing Director at MidOcean.
  • Rob is an incredibly experienced and highly talented executive with a proven track record of strategic management and leadership combined with deep operational expertise.
  • "FullSpeed is a premier operator and franchisor in the automotive services industry that is making tremendous progress on its transformative expansion strategy," said Rob.

Deerpath Capital Successfully Resets 2018 CLO Amid Market Volatility

Retrieved on: 
Tuesday, July 12, 2022
CLO, Multimedia, News, Solution, AAA, Clos, View, Insurance, Bookrunner, KeyBank, Treasurer, Lead, Security (finance), Bank, Deerpath Hill Estates, LP

NEW YORK, July 12, 2022 /PRNewswire/ -- Deerpath Capital Management, LP ("Deerpath"), one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America, today announced the reset of Deerpath CLO 2018-1, a $310 million collateralized loan obligation (CLO).

Key Points: 
  • NEW YORK, July 12, 2022 /PRNewswire/ -- Deerpath Capital Management, LP ("Deerpath"), one of the largest providers of customized, cash-flow based senior debt financing to lower-middle market companies across North America, today announced the reset of Deerpath CLO 2018-1, a $310 million collateralized loan obligation (CLO).
  • The repricing of Deerpath's CLO 2018-1 represents the sixth CLO issued by Deerpath since 2018 and brings the firm's total CLO assets under management to approximately $1.8 billion.
  • This is the second CLO issued by Deerpath this year, having closed Deerpath CLO 2022-1 at $375 million in May.
  • Derek Dubois, Managing Director and Treasurer said, "Deerpath has continued to access the CLO market during 2022 despite the ongoing volatility in the broader markets.

MidOcean Partners Acquires Pragmatic Institute, an Industry Leading Provider of Professional Training in Fast Growing Product Management, Data and Digital Design Fields

Retrieved on: 
Monday, July 11, 2022
Finance, Professional Services, Asset Management, Training, Education, Certification, COVID-19, CEO, Education, DLA Piper, Employment, Company, Leadership, Investment, Eileen M. Decker, Growth, Board, Clos, Industrial design, Management, MidOcean Partners, Pragmatism (disambiguation)

The Companys training is so highly regarded that Pragmatic training is often stated as a specific skills requirement in product management talent searches.

Key Points: 
  • The Companys training is so highly regarded that Pragmatic training is often stated as a specific skills requirement in product management talent searches.
  • Pragmatic is uniquely positioned to help companies bridge this gap to develop and retain both new and experienced product management talent.
  • We are thrilled to partner with MidOcean to continue driving the Pragmatic growth story, said Philip Alexander, CEO of Pragmatic.
  • Formerly known as Pragmatic Marketing, Pragmatic Institute is one of the worlds largest and most-respected product and data training companies.

Natixis Corporate & Investment Banking appoints Co-heads of Credit Americas, reinforces senior appointments to U.S. CLO, Structured Credit Syndicate businesses

Retrieved on: 
Thursday, July 7, 2022
Morgan Stanley, Royal Bank, Natixis, Solution, Groupe BPCE, Deutsche Bank, Groupe Banque Populaire, ABS, R&I, Credit, R, Growth, Standard, SLM Solutions Group AG, CLO, S&P Global Ratings, Brad, Investment banking, Head, Moody's Investors Service, Goldman Sachs, Royal Bank of Scotland, Groupe Caisse d'Épargne, Leadership, Clos, Group, Credit Suisse, Bank, Security (finance)

Both will continue to report to Emmanuel Issanchou, Head of Global Markets Americas and Global Head of Credit at Natixis CIB.

Key Points: 
  • Both will continue to report to Emmanuel Issanchou, Head of Global Markets Americas and Global Head of Credit at Natixis CIB.
  • He previously served as Co-Head of Global Structured Credit & Solutions & Credit Trading Americas at Natixis CIB.
  • Structured Credit Syndicate, working closely with the CLO and ABS structured credit banking teams on origination, syndication and business development.
  • Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.

Bluerock Capital Markets Hires Industry Veteran Corey Silva, CIMA, CIMC, as Senior Regional Vice President of the Northern California/Nevada/Hawaii Region

Retrieved on: 
Wednesday, July 6, 2022
EfTEN Real Estate Fund III, Marketing, Growth, Company, CLO, Industry, BCM, California State University, CIMA, Investment Company Act of 1940, Investment Management Consultants Association, MFS Investment Management, REIT, NAV, Prospectus, ACE, LLC, Investment, Adviser, Risk, BIG, Time, Associate, Income, CEO, MFS, AAA Northern California, Nevada & Utah, Partnership, Fund, Leadership, Conference, Consultant, Multimedia, View, FINRA, Sale, CIMC, National Speakers Association, Association, U.S. Securities and Exchange Commission, ALPS, Program, Financial adviser, Real estate, Management, Security (finance), Financial services, Life insurance, Bluerock Creek, Clos

His consultative approach with his client advisors is a perfect match for Bluerock Capital Markets and we are delighted to welcome Corey to our Team of leading professionals" said Jeffrey S. Schwaber, CEO of Bluerock Capital Markets.

Key Points: 
  • His consultative approach with his client advisors is a perfect match for Bluerock Capital Markets and we are delighted to welcome Corey to our Team of leading professionals" said Jeffrey S. Schwaber, CEO of Bluerock Capital Markets.
  • Bluerock Capital Markets, LLC (BCM) serves as the managing broker dealer for Bluerock and is a member of FINRA/SIPC.
  • Bluerock Industrial Growth REIT and Bluerock Value Exchange's programs are offered by Bluerock Capital Markets, LLC.
  • The Bluerock Total Income+ Fund and the Bluerock High Income Institutional Credit Fund are distributed by ALPS Distributors, Inc. (ALPS).

FullSpeed Automotive® Shows Major M&A Midyear Growth Including Acquisition of Kwik Kar®

Retrieved on: 
Tuesday, July 5, 2022
Acquisition, View, Mergers & Acquisitions, Mergers and acquisitions, McDonald's, Growth, Ownership, Industry, Tuffy Auto Service Centers, Franchise 500, Investment, J.D. Power, Brad Jacobs (entrepreneur), MidOcean Partners, Culture, Maintenance, Clos, Multimedia, Car dealership, Retail, Publishing, Grease Monkey

GREENWOOD VILLAGE, Colo., July 5, 2022 /PRNewswire/ -- FullSpeed Automotive®, which is among the nation's largest franchisors and operators of automotive aftermarket repair facilities and home to flagship brands Grease Monkey® and SpeeDee Oil Change & Auto Service®, is accelerating growth with an acquisition strategy set to fuel its expansion goal of 1,000 units by the end of 2023. Most recently, the automotive brand acquired the intellectual property of Kwik Industries, Inc., including ownership of the Kwik Kar brand, and purchased from local independent operators a total of 25 more Kwik Kar related centers. The completion of this acquisition brings FullSpeed to ten acquisitions in 2022, for a total of 40 units across 6 states.

Key Points: 
  • Most recently, the automotive brand acquired the intellectual property of Kwik Industries, Inc., including ownership of the Kwik Kar brand, and purchased from local independent operators a total of 25 more Kwik Kar related centers.
  • The completion of this acquisition brings FullSpeed to ten acquisitions in 2022, for a total of 40 units across 6 states.
  • Kwik Kar specializes in full-service oil changes, scheduled maintenance, state inspections, and many other automotive repair services.
  • "We are thrilled to acquire a quality brand like Kwik Kar that has such a tremendous reputation and loyal customer base," said Kevin Kormondy, Chief Executive Officer of FullSpeed Automotive.

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

Retrieved on: 
Friday, July 1, 2022
Professional Services, Finance, Form 1099, Trust, Income, Investment, Marketing, Sale, CLO, History, Director, Compliance, Philosophy, LLC, Capital loss, Communication, Calendar, Time, Board, XMS Capital Partners, XAI, Security (finance), Life insurance, Trustee, Clos

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 Trusts 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.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

Bluerock Introduces the Bluerock High Income Institutional Credit Fund, a Registered Interval Fund

Retrieved on: 
Thursday, June 30, 2022
View, CEO, EfTEN Real Estate Fund III, Partner (business rank), EBITDA, Sale, Ownership, Ticker, CLO, Goal, Multimedia, Prospectus, White Star, Income, Risk, Founder, LLC, Investment, AUM, Fund, Technology, Culture, Entrepreneurship, NEW, Solution, Leadership, Twitter, Security (finance), Financial services, Bank, Online shopping, Bluerock Creek, Clos

NEW YORK, June 30, 2022 /PRNewswire/ -- Bluerock, a leading alternative asset manager, has announced the launch of the Bluerock High Income Institutional Credit Fund (the "Bluerock High Income Credit Fund" or the "Fund", Tickers: IIMAX, IIMCX, IIMWX), an income-focused fund with a portfolio comprised of actively managed pools of diversified collateralized loan obligations (CLOs). The Bluerock High Income Credit Fund is designed to provide investors high current income targeting approximately 8% annually, attractive risk-adjusted total returns, diversification potential through its low correlation to broader markets, and access to an investment class traditionally available only to institutions.

Key Points: 
  • NEW YORK, June 30, 2022 /PRNewswire/ -- Bluerock , a leading alternative asset manager, has announced the launch of the Bluerock High Income Institutional Credit Fund (the "Bluerock High Income Credit Fund" or the "Fund", Tickers: IIMAX, IIMCX, IIMWX), an income-focused fund with a portfolio comprised of actively managed pools of diversified collateralized loan obligations (CLOs).
  • "With the Bluerock High Income Institutional Credit Fund, we remain dedicated to offering our clients differentiated, income-focused alternative investment strategies through partnerships with best-in-class sub-advisors.
  • The Bluerock High Income Institutional Credit Fund marks Bluerock's second interval fund, joining Bluerock Total Income+ Real Estate Fund which has more than $6.3 billion in net assets, making it the largest real estate-focused interval fund and the 3rd largest among all active interval funds1.
  • The Bluerock High Income Intuitional Credit Fund offers individual investors access to private credit, a rapidly growing institutional asset class.