Monarch Alternative Capital Strengthens Team To Strategically Expand Capital Solutions And Real Estate Platforms
NEW YORK and LONDON, March 18, 2024 /PRNewswire/ -- Monarch Alternative Capital LP, a leading investment firm with approximately $14 billion of assets under management, announced that it has added Casey Callan and Karan Malhotra to its investment team. These additions to the team augment Monarch's long-standing capabilities across corporate lending and real estate structured credit, respectively, and strengthen the firm's ability to capitalize on the growing opportunities for capital deployment in these areas. ...Full story available on Benzinga.com.
North American Morning Briefing: Investors Balance Ai Hopes With Rate Concerns
(marketscreener.com)
OPENING CALL
Stock futures pointed to a mostly higher open for Wall Street on Monday with a policy decision from the Federal Reserve later in the week potentially determining the direction for equities. This week will feature two key central bank meetings, with the Bank of Japan seen likely to end its negative interest-rate policy on...https://www.marketscreener.com/business-leaders/Nelson-Peltz-81/news/North-American-Morning-Briefing-Investors-Balance-AI-Hopes-with-Rate-Concerns--46219635/?utm_medium=RSS&utm_content=20240318.
Breaking Down Banks’ Exposure To Troubled Commercial Property Market (nyse:nycb)
U.S. banks, particularly the smaller ones, have been in the spotlight over the last year given their outsized loan exposure to the $20T commercial real estate market, which has been confronted with twin hurdles of financing challenges exacerbated by elevated interest rates and diminished office occupancy driven by the widespread shift to remote work. As of Q3 2023, most CRE loans outstanding (56.1%) were held by small banks with less than $20B in assets, UBS pointed out in a note to clients last month.
3 Companies Modernizing Air Travel: Startup Funding Roundup
Investment in air travel was one theme we saw among seven startups that raised money in the past two weeks. -Justin Dawes.
Artis Real Estate Investment Trust Announces Monthly Cash Distribution
WINNIPEG, MB, March 15, 2024 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX:AX) announced that its trustees have declared a monthly cash distribution of $0.05 per trust unit ("Unit") of Artis for the month of March, 2024. The cash distributions will be made on April 15, 2024, to Unitholders on record as of March 31, 2024. ...Full story available on Benzinga.com.
Benenson Capital Partners Announces Three Strategic Promotions As It Evaluates And Repositions Its Portfolio For The Future
Reorganized Leadership Team Well Positioned to Future-Proof the Vast Assets of One of the Nation's Oldest Real Estate Companies
NEW YORK, March 15, 2024 /PRNewswire/ -- Benenson Capital Partners (Benenson), one of the nation's oldest real estate investment, development and asset management companies, has elevated three professionals within its investment and asset management teams as the firm reorganizes its leadership team. "We are excited to fortify the firm and its assets for future generations by elevating and reorganizing our leadership team from within," said Richard Kessler, Chief Operating Officer at Benenson Capital Partners.
Strategic Value Partners Appoints Mike Ungari As Head Of Real Estate
Mr. Ungari joins SVP from Goldman Sachs to lead and grow the firm's global real estate strategy
GREENWICH, Conn., March 14, 2024 /PRNewswire/ -- Strategic Value Partners, LLC (together with its affiliates, "SVP" or the "firm"), a global alternative investment firm focused on opportunistic credit opportunities with over $18 billion of assets under management, today announced the appointment of Mike Ungari as Head of Real Estate to lead the firm's global real estate business and portfolio. Mr. Ungari will also serve on SVP's Management Council and Investment Committee.
Hamilton Zanze Announces Promotion Of Jay Snover To Managing Director Of Affiliate Graham Street Realty
Increased Responsibilities Will Include a Leading Role in Portfolio Management
SAN FRANCISCO, March 14, 2024 /PRNewswire/ -- Hamilton Zanze, a San Francisco-based real estate investment firm that owns and operates multifamily communities nationwide, announced today that Jay Snover has been promoted to managing director of affiliate Graham Street Realty. Snover previously served as the company's senior director. Snover will continue to guide acquisition strategy, oversee capital formation and source deals for Graham Street Realty, which owns and operates commercial offices and multi-tenanted industrial properties.
Tpg: Push Into Private Credit Creates New Risks (nasdaq:tpg)
TPG Inc. (NASDAQ:TPG) has emerged as an outperformer among publicly-listed private equity firms, with shares up nearly 60% in the last 6 months. The alternative asset manager has benefited through its unique exposure and focus on growth-oriented strategies amid the tech-led market rally this year. Separately, the 2023 acquisition of "Angelo Gordon" marking a significant expansion into credit investing is proving successful considering the rebound of the segment with an expectation of stabilizing interest rates. Indeed, TPG Q4 results were highlighted by a sharp climb in AUM and fee income, with management citing several tailwinds for continued growth.
Australia Startup Offers All-one O&m Tech To Save Solar Farms Millions – Pv Magazine International
A Queensland tech start-up says it has developed an AI-based all-in-one solar farm operation and maintenance system that promises to boost the reliability of solar projects and could save the renewable energy industry $200 million a year.