Asset Management

Ares Capital Corporation Announces March 31, 2024 Financial Results and Declares Second Quarter 2024 Dividend of $0.48 Per Share

Retrieved on: 
Wednesday, May 1, 2024
Banking, Asset Management, Professional Services, Finance, HOME, ARCC, International, Investment, Capital, Convertible, Ares Management, SDLP, Security (finance), Webcast, Result, Documentation, Analysis, Eastern Time Zone, Line of credit, ID, Home, Credit, Sumitomo Mitsui Banking Corporation, Letter, Telephone, Note

In the first quarter of 2024, Ares Capital made new investment commitments of approximately $3.6 billion, of which approximately $2.5 billion were funded.

Key Points: 
  • In the first quarter of 2024, Ares Capital made new investment commitments of approximately $3.6 billion, of which approximately $2.5 billion were funded.
  • Also in the first quarter of 2024, Ares Capital funded approximately $396 million related to previously existing unfunded revolving and delayed draw loan commitments.
  • The first quarter 2024 dividend was paid on March 29, 2024 to stockholders of record as of March 15, 2024.
  • Ares Capital will host a webcast/conference call on Wednesday, May 1, 2024 at 10:00 a.m. (Eastern Time) to discuss its quarter ended March 31, 2024 financial results.

FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement

Retrieved on: 
Tuesday, April 30, 2024
Banking, Asset Management, Professional Services, Finance, Sale, Real estate, Oliver Cromwell, OTCQX, Comptroller, Commercial, Federal Reserve Bank, Amendment, Commercial property, Michael J. Hsu, Acquisition, Wellington Management Company, HomeStreet Bank, Federal Reserve, Common sunflower, OCC, Latham & Watkins

FirstSun and HomeStreet each believe that a Texas state bank charter is the appropriate charter for the combined company’s banking operations since Sunflower Bank is now headquartered in Dallas, Texas.

Key Points: 
  • FirstSun and HomeStreet each believe that a Texas state bank charter is the appropriate charter for the combined company’s banking operations since Sunflower Bank is now headquartered in Dallas, Texas.
  • Under the amended merger agreement, the necessary bank regulatory approvals required to consummate the merger are the approval of the Federal Reserve Board and the Texas Department of Banking.
  • In conjunction with the amendment to the merger agreement, the parties’ previous application with the Office of the Comptroller of the Currency (“OCC”) in connection with the bank merger has been withdrawn.
  • The remaining equity capital of up to $155 million will be issued concurrently with, and subject to, closing of the merger.

Horizon Technology Finance Announces Monthly Distributions for July, August and September 2024 Totaling $0.33 per Share

Retrieved on: 
Tuesday, April 30, 2024
Fintech, Asset Management, Professional Services, Finance, Depreciation, DRIP

The final determination of taxable income for each tax year, as well as the tax attributes for distributions in such tax year, will be made after the close of the tax year.

Key Points: 
  • The final determination of taxable income for each tax year, as well as the tax attributes for distributions in such tax year, will be made after the close of the tax year.
  • Horizon maintains a “Dividend Reinvestment Plan” (“DRIP”) that provides for the reinvestment of distributions on behalf of its stockholders, unless a stockholder has elected to receive distributions in cash.
  • Horizon has the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator.
  • Newly-issued shares will be valued based upon the final closing price of Horizon’s common stock on a specified valuation date for each distribution as determined by Horizon’s board of directors.

H.I.G. Capital Completes Acquisition of USA DeBusk

Retrieved on: 
Wednesday, May 1, 2024
Banking, Other Energy, Professional Services, Utilities, Oil, Gas, Energy, Asset Management, Other Manufacturing, Other Professional Services, Engineering, Chemicals, Plastics, Finance, Manufacturing, LLP, Jefferies, Partnership, Growth, McDermott Will & Emery, Acquisition, H.I.G. Capital, Workforce, Holland & Knight, Management

"), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of USA DeBusk, LLC (“USA DeBusk” or the “Company”), a leading national provider of mission-critical industrial cleaning and infrastructure maintenance services.

Key Points: 
  • "), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of USA DeBusk, LLC (“USA DeBusk” or the “Company”), a leading national provider of mission-critical industrial cleaning and infrastructure maintenance services.
  • USA DeBusk’s executive team, led by CEO Andrew DeBusk, will continue to lead the Company and remain significant shareholders.
  • Headquartered in Deer Park, TX, USA DeBusk operates from a network of 39 offices across the United States and employs over 2,500 full-time employees.
  • Andrew DeBusk, CEO of USA DeBusk, said, “We are excited to partner with H.I.G.

Western Asset Inflation-Linked Opportunities & Income Fund (WIW or “the Fund”; CUSIP: 95766R104) Announces Notification of Sources of Distributions

Retrieved on: 
Tuesday, April 30, 2024
Asset Management, Professional Services, Finance, Performance, Franklin Templeton Investments, NAV, Annual, Total return, Policy, Fund

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points: 
  • Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
  • The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of March 31, 2024.
  • Cumulative Total Return is the percentage change in the Fund’s NAV from November 30, 2023 through March 31, 2024, assuming reinvestment of distributions paid.
  • For further information on Western Asset Inflation-Linked Opportunities & Income Fund, please visit our web site at: www.franklintempleton.com/investments/options/closed-end-funds
    Data and commentary provided in this press release are for informational purposes only.

State Street to Participate in Bernstein’s 40th Annual Strategic Decisions Conference

Retrieved on: 
Tuesday, April 30, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, State Street Corporation, STT, Conference, State

State Street Corporation (NYSE: STT) announced today that its Chairman and Chief Executive Officer, Ron O’Hanley, and Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in Bernstein’s 40th Annual Strategic Decisions Conference in New York, NY on Friday, May 31, 2024, at 9:00 am ET.

Key Points: 
  • State Street Corporation (NYSE: STT) announced today that its Chairman and Chief Executive Officer, Ron O’Hanley, and Vice Chairman and Chief Financial Officer, Eric Aboaf, will participate in Bernstein’s 40th Annual Strategic Decisions Conference in New York, NY on Friday, May 31, 2024, at 9:00 am ET.
  • An audio webcast of the event will be accessible on the home page of State Street’s Investor Relations website, https://investors.statestreet.com .
  • A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days following the presentation.

Swander Pace Capital Completes Sale of Functional Formularies to Danone

Retrieved on: 
Wednesday, May 1, 2024
Consulting, Other Retail, Professional Services, Specialty, Organic Food, Food, Beverage, Asset Management, Retail, Data Analytics, Other Professional Services, Finance, Sale, Lazard, Investment, Prestige Consumer Healthcare, SPC, Patient, Pleasure, Growth, Management

Swander Pace Capital (“SPC”), a leading private equity firm specializing in consumer product companies, today announced the sale of Functional Formularies, a leading provider of organic, whole food, shelf-stable feeding tube formulas, to Danone.

Key Points: 
  • Swander Pace Capital (“SPC”), a leading private equity firm specializing in consumer product companies, today announced the sale of Functional Formularies, a leading provider of organic, whole food, shelf-stable feeding tube formulas, to Danone.
  • "It was a pleasure to work with the Functional Formularies team; their hard work and dedication enabled a fantastic result,” said Mo Stout, Managing Director at SPC.
  • “I look forward to seeing the Company’s continued growth and innovation under Danone’s leadership and international capabilities.”
    The Functional Formularies investment exemplifies Swander Pace Capital’s depth and experience investing in the consumer healthcare sector.
  • Lazard served as exclusive financial advisor to Functional Formularies, and Jones Day acted as legal counsel to Functional Formularies and Swander Pace Capital on the transaction.

HighVista Strategies Closes Oversubscribed Private Equity Fund X

Retrieved on: 
Wednesday, May 1, 2024
Banking, Asset Management, Professional Services, Finance, Environment, LP, Investment, Growth, Financial services

HighVista Strategies, LLC (“HighVista”), an alternative asset manager pursuing specialized investments in public and private markets, today announced the final close of HighVista Private Equity X, LP.

Key Points: 
  • HighVista Strategies, LLC (“HighVista”), an alternative asset manager pursuing specialized investments in public and private markets, today announced the final close of HighVista Private Equity X, LP.
  • HighVista Private Equity X received strong support from a broad group of longstanding investors, including pension funds, endowments, foundations, and family offices, in addition to welcoming several new investors into the program.
  • There is an unusually compelling opportunity today to invest in the small end of the private equity ecosystem, and we are excited to have a fresh pool of capital to deploy against this opportunity.”
    Like its predecessor funds, HighVista Private Equity X will invest in a diversified pool of small, privately-held companies, typically with enterprise values less than $150 million.
  • “The HighVista private equity team has been investing in the lower middle market for over 20 years, and we have continuously refined our approach to capturing alpha in the small buyout market,” added Scott Reed, Partner and co-head of the firm’s private equity strategy.

Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)

Retrieved on: 
Tuesday, April 30, 2024
Asset Management, Professional Services, Finance, NAV, Calendar, Life insurance

The fund estimates that a portion of its distribution does not represent income or realized capital gains.

Key Points: 
  • The fund estimates that a portion of its distribution does not represent income or realized capital gains.
  • A return of capital distribution does not necessarily reflect the fund's investment performance and should not be considered "yield" or "income."
  • The amounts and sources of distributions reported under the notice are only estimates and are not being provided for tax reporting purposes.
  • For performance data on Amundi US’ closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.

BRW Announces Notification of Sources of Distributions

Retrieved on: 
Wednesday, May 1, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Asset Management, Annual, Fiscal, Weather, Nature, Risk, Performance, NAV, Earthquake, Security (finance), Plan, Past performance, Internal Revenue Code, Total return, Life insurance

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points: 
  • Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
  • 3Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2023 through March 31, 2024, assuming reinvestment of distributions paid.
  • The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby the Fund will make monthly distributions to shareholders at a fixed amount of $0.085 per share.
  • No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.