Private Equity Firms in Southern California
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PENDING PETITION MEMO Date: 711212007
PENDING PETITION MEMO Date: 711212007 TO : Office of Accounting and Finance Office of General Counsel Office of Telecommunications FROM : CENTRAL OPERATIONS UTILITY: FIRST COMMUNICATIONS, LLC SUBJECT: 07-C-0824 Joint Petition of First Communications, LLC, Xtension Services. Inc. and Gores FC Holdings, LLC for Approval for Transfer of Control. BINGHAM :I z _ I +- : Jean L. Kiddoo ~. Danielle Burt -".Ln ' Phone: 202.373.6000 -7 Fax: 202.373.6001 Ym, , [email protected] [email protected] -r; zj". fi July 1 1,2007 A 1 Via FedEx 1 Jaclyn A. Brilling, Secretary New York Public Service Commission Agency Building 3 Three Empire State Plaza Albany, N.Y. 12223-1350 ! Re: Joint Petition of First Communications, LLC, Xtension Services, Inc., and Gores FC Holdings, LLC for Approval for Transfer of Control Dear Ms. Brilling: / Please tind enclosed for filing with the Commission an original and nine (9) copies of the ' above-referenced Joint Petition. In addition, First Communications, LLC, Xtension Services, Inc. and First Communications, Inc. hereby notify the Commission that on July 2, 2007, they consummated the transfers of control described in the Petition approved in Docket No. 06-C-1440. Please date-stamp the enclosed extra copy of this filing and return it in the self-addressed, stamped envelope provided. Should you have any questions, please do not hesitate to Boston contact the undersigned. Hartfold HOng Kong Respectfully submitted, London 10s An~eles New Yark Orange County Jean L. Kiddoo San Francisco Danielle Burt Santa Monica Silicon Valley Tokyo Enclosure Walnut Creek Wnshlrlpton Bingham McCutchen LLP 1010 K Strecl NW Washlngten, DC 10006~1806 BEFORE THE NEW YORK PUBLIC SERVICE COMMISSION Joint Petition of ) ) First Communications, LLC, ) Xtension Services, Inc., ) and ) Gores FC Holdings, LLC ) ) For Approval of Transfer of Control ) JOINT PETITION First Communications, LLC ("FCL"), Xtension Services, Inc. -
At Last the Calm
At last the calm Stability comes to the PERE 50 now that franchises that were chewed up in the global financial crisis have seen their pre-crisis funds forgotten while the stronger groups have prospered via their second or third funds since then The PERE 50 ranking of private equity real estate firms, spots from 67 after great success with its value-add fund and following the twisted iron wreckage of the global financial Kildare Partners at number 41 off the back of its impressive crisis of 2008, now has some shape and stability to it. Unlike first-time raise culminating in November 2014. This is not last year when there were no fewer than 14 new entrants to to say that the other European franchises have not manu- the ranking, this time around we see just two firms mak- factured great success in their own fundraising these past ing their premiere - Greystar Real Estate Partners and five years, but they do lie in that twilight zone just outside Almanac Realty Investors. the top 50 having seen their positions in the 40 to 50 bracket This can be explained by the fact that the major banking taken up mainly by North American firms that have been franchises that used to rank so highly in this list have exited active due to their capital raising cycles such as DivcoWest, and been replaced by groups that have had the time to raise Carmel Partners, Tricon Capital Group, Paramount Group, at least two significant funds since 2010 as the shakedown Merlone Geier Partners and Fir Tree Partners. -
Colony Northstar 2016 Annual Report
2016 Annual Report To Our Stockholders Dear Fellow Stockholders, 2016 was a transformative year for Colony Capital, NorthStar Asset Management Group, and NorthStar Realty Finance, as all three companies’ shareholders overwhelmingly supported the tri-party merger to create Colony NorthStar, Inc., which closed on January 10, 2017. &RORQ\1RUWK6WDULVDZRUOGFODVVGLYHUVL¿HGHTXLW\5(,7ZLWKDQHPEHGGHGJOREDOLQYHVWPHQWPDQDJHPHQW EXVLQHVV2XUQHZIRRWSULQWLQFOXGHV • ELOOLRQFRQVROLGDWHGEDODQFHVKHHW • ELOOLRQHTXLW\PDUNHWFDSLWDOL]DWLRQOLVWHGRQWKH1HZ<RUN6WRFN([FKDQJHDQG06&,865(,7,QGH[ (the “RMZ”) constituent • ELOOLRQRIDVVHWVXQGHUPDQDJHPHQW • 2YHUHPSOR\HHVDFURVVRI¿FHV :HDUHWKULOOHGWRKDYHFRPSOHWHGWKLVWUDQVIRUPDWLRQDOWULSDUW\PHUJHUDQGFRXOGQRWEHPRUHH[FLWHGDERXW RXUIXWXUHSURVSHFWV:HKDYHDFRORVVDORSSRUWXQLW\EHIRUHXVDQGDUHRQO\EHJLQQLQJWRHQMR\WKHEHQH¿WVRI VLJQL¿FDQWO\HQKDQFHGVFDOHDQGPDUNHWSUHVHQFH7RWKDWHQGZHORRNIRUZDUGWRH[HFXWLQJRQWKHIROORZLQJ SULRULWLHVLQ • (YDOXDWHDQGFXUDWHWKHQHZO\FRPELQHGEXVLQHVVOLQHVDQGYHUWLFDOVWRRQO\WKRVHWKDWUHSUHVHQWWKHEHVW ULVNZHLJKWHGFXUUHQWLQFRPHDQGIXWXUHDSSUHFLDWLRQSRWHQWLDOZLWKGXUDEOHORQJGDWHGUHYHQXHVWUHDPV • Complete our goal of targeted cost synergies of the recently completed mergers (to date we have achieved DSSUR[LPDWHO\RIRXUPLOOLRQWDUJHW • 2QDVHOHFWLYHEDVLVKDUYHVWUHVLGXDOJDLQVDQGOLTXLGLW\IURPWKHVDOHRIFHUWDLQQRQVWUDWHJLFDVVHWVDQG EXVLQHVVOLQHVWKDWQRORQJHU¿WZLWKRXUJRIRUZDUGEXVLQHVVSODQRUWKDWPD\EHEHWWHUPDQDJHGLQDQ alternate structure, or in which we may no longer have an appropriate competitive advantage. • 7KRXJKWIXOO\H[WHQGWKHGXUDWLRQRIH[LVWLQJGHEWDQGUHGXFHRYHUDOOLQWHUHVWUDWHFRVWDFURVVDVVHWVDQG -
Yucaipa Companies
YUCAIPA COMPANIES: “POSTER CHILD FOR THE ILLS OF POLITICAL DONATIONS AND BUSINESS” Yucaipa is a holding company that invests across a wide range of industries—from groceries to logistics to magazine distribution. Ronald Burkle, chairman of Yucaipa, has been a multi-million fundraiser and donor for Bill and Hillary Clinton and in Bill Clinton’s post-presidency, Burkle has emerged as a close friend and rain- maker for the Clintons – and the friendship has been prosperous for both. “The mainstream business press beats up on [Burkle], essentially for buying access and influence among politicians and leaders of the pension funds that invest with him (FORBES included). ‘I basically became the poster child for the ills of political donations and business. It’s preposterous!’ Burkle protests.” [Forbes, 12/11/06] BILL CLINTON AND YUCAIPA 2006: Bill Clinton Has Guaranteed Payments “Over $1,000” From Yucaipa And Has Invested In Several Yucaipa Funds. Hillary’s financial disclosure report indicates that Bill Clinton has “over $1,000” in guaranteed payments from Yucaipa Global Holdings. Because the Clintons are not required to report the actual amount or any range of income that is more specific than “over $1,000” we do not know how much Bill has been compen- sated. Through WJC International Investments GP, Bill Clinton invests in Yucaipa Global Holdings and Yu- caipa Global Partnership. The Yucaipa Global Partnership Fund “invests in securities of corporations that con- duct significant operations in foreign countries.” Clinton reported interest income between $201-$1,000 from Yucaipa Global Holdings and between $1,001-$2,500 from Yucaipa Global Partnership Fund. -
Enewsletter No. 481 | SECA | Swiss Private Equity & Corporate Finance
eNewsletter no. 481 Dear Reader 27 September 2017 Radiation both saves lives and kills lives. Marie Curie, who SECA discovered and named it, was its victim. Venture Capital Maria Salomea Sklodowska moved to France to study physics, as this was not possible in her native Poland, then under Russian Private Equity – Swiss News control. She worked with and married Pierre Curie, and the two Private Equity – Int. News won the Nobel prize in 1903. They managed to get it in Stockholm only in 1905, shortly after the birth of their second daughter. A year Corporate Finance later, Pierre died in a road accident. Marie Sklodowska Curie Mergers & Acquisitions continued doing basic research and succeeded in isolating radium. Management Buyout 1911 she was awarded the second Nobel prize, this time in chemistry, the only woman who ever got two Nobels. When WW1 Book of the Week broke out, she took her scientific knowledge to the battle field. She Jobs helped set up 20 mobile and 200 stationary units to x-ray wounded soldiers with the help of her daughter Irène. Agenda Nobody knew the long-term effects of radiation at the time. Marie Editor Sklodowska Curie remains a radiant figure after her death in 1934. Even her pens and papers are still radioactive and are kept in lead vaults. Toolbox Have a nice week with innovative scientists! Print Newsletter Maurice Pedergnana Send Newsletter to a Friend Download as PDF SECA Björn Böckenförde verstorben Am 8. September 2017 ist unser langjähriges SECA Vorstandsmitglied Björn Böckenförde aus einem erfüllten und glücklichen Leben gerissen worden. -
National Basketball Association
NATIONAL BASKETBALL ASSOCIATION {Appendix 2, to Sports Facility Reports, Volume 13} Research completed as of July 17, 2012 Team: Atlanta Hawks Principal Owner: Atlanta Spirit, LLC Year Established: 1949 as the Tri-City Blackhawks, moved to Milwaukee and shortened the name to become the Milwaukee Hawks in 1951, moved to St. Louis to become the St. Louis Hawks in 1955, moved to Atlanta to become the Atlanta Hawks in 1968. Team Website Most Recent Purchase Price ($/Mil): $250 (2004) included Atlanta Hawks, Atlanta Thrashers (NHL), and operating rights in Philips Arena. Current Value ($/Mil): $270 Percent Change From Last Year: -8% Arena: Philips Arena Date Built: 1999 Facility Cost ($/Mil): $213.5 Percentage of Arena Publicly Financed: 91% Facility Financing: The facility was financed through $130.75 million in government-backed bonds to be paid back at $12.5 million a year for 30 years. A 3% car rental tax was created to pay for $62 million of the public infrastructure costs and Time Warner contributed $20 million for the remaining infrastructure costs. Facility Website UPDATE: W/C Holdings put forth a bid on May 20, 2011 for $500 million to purchase the Atlanta Hawks, the Atlanta Thrashers (NHL), and ownership rights to Philips Arena. However, the Atlanta Spirit elected to sell the Thrashers to True North Sports Entertainment on May 31, 2011 for $170 million, including a $60 million in relocation fee, $20 million of which was kept by the Spirit. True North Sports Entertainment relocated the Thrashers to Winnipeg, Manitoba. As of July 2012, it does not appear that the move affected the Philips Arena naming rights deal, © Copyright 2012, National Sports Law Institute of Marquette University Law School Page 1 which stipulates Philips Electronics may walk away from the 20-year deal if either the Thrashers or the Hawks leave. -
Putting Autism to Work
Ultrasonic breast cancer detection device headed to market, Page 3 MAY 16-22, 2016 Big plans where projects once towered Putting Brewster-Douglass redevelopment is largest for Amin Irving’s Ginosko By Kirk Pinho been unheard of as the poor then [email protected] were corralled into concentrated autism When Amin Irving’s mother, a areas. teacher education professor at While he may not be a house- Michigan State University, died in hold name like Dan Gilbert, one of 1995 two months after he graduat- the other Choice Detroit LLC devel- ed from East Lansing High School, opment partners, Irving has to work his real estate career was born. racked up a steady string of low-in- It’s been more than two decades come housing developments in since he sold his mother’s acquisitions since founding his 1,200-square-foot home on Abbot Novi-based Ginosko Development Steven Glowacki has three degrees, an IQ Road south of Saginaw Street, and Co. in 2003. of 150 and knocked his CPA exam out of now Irving, 39, is embarking on his So his involvement should the park. But he can’t nd a job. largest ground-up construction come as little surprise. PHOTO BY LARRY PEPLIN plan to date: a $267 million project Irving, the father of three young as part of a joint venture to devel- children, has been well respected op 900 to 1,000 of mixed-income in the affordable housing fi eld for housing units on the site of the years, said Andy Daitch, senior Disorder’s growing population seeks place in job market former Brewster-Douglass housing vice president of investments for projects and in Eastern Market. -
Investment Section
Investment Section Investment Overview Authority The Board has the responsibility to invest funds of the System in accordance with guidelines and limitations set forth in the Code and other applicable state law. Act 29 of 1994 authorizes the Board to invest the funds of the System using the “prudent person” standard that allows the Board to consider the probable safety of investments, avoid speculative investments, and invest as people of prudence, discretion, and intelligence would manage their own affairs. Policies and Objectives The Board is responsible for the formulation of investment policies for the System. The overall investment objectives of the System are to: (i) preserve capital in real terms; (ii) maximize total returns while limiting the risk of volatility through diversification; (iii) achieve returns in excess of the policy benchmark (the policy benchmark is a custom index created based on the Board established asset allocation structure to generate a return that meets the actuarial rate of return assumption); (iv) achieve a real rate of return over CPI over time; and, (v) provide sufficient liquidity to meet the current operating needs of the System. To achieve these objectives, the Board meets at least once per year to establish an overall asset allocation plan and investment policies for the System. Implementation of the investment policies is accomplished through external investment management firms who act as agents for the System and through internal investment managers. The Board also retains various investment consultants to assist with the formulation and implementation of investment policies. Operations The Board provides oversight of investment activities through the Finance Committee that makes recommendations to the Board. -
Morgans Hotel Group Co. Form 10-K/A Annual Report Filed 2013-10
SECURITIES AND EXCHANGE COMMISSION FORM 10-K/A Annual report pursuant to section 13 and 15(d) [amend] Filing Date: 2013-10-02 | Period of Report: 2012-12-31 SEC Accession No. 0001193125-13-387531 (HTML Version on secdatabase.com) FILER Morgans Hotel Group Co. Mailing Address Business Address 475 TENTH AVENUE 475 TENTH AVENUE CIK:1342126| IRS No.: 161736884 | State of Incorp.:DE | Fiscal Year End: 1231 NEW YORK NY 10018 NEW YORK NY 10018 Type: 10-K/A | Act: 34 | File No.: 001-33738 | Film No.: 131128139 212-277-4100 SIC: 7011 Hotels & motels Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K/A Amendment No. 2 (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2012 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33738 Morgans Hotel Group Co. (Exact name of registrant as specified in its charter) Delaware 16-1736884 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 475 Tenth Avenue New York, New York 10018 (Address of principal executive offices) (Zip Code) (212) 277-4100 (Registrants telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock, $0.01 par value The NASDAQ Stock Market LLC Securities registered pursuant to Section 12(g) of the Act: None Copyright © 2013 www.secdatabase.com. -
2011 Global Private Equity Report Contents
The 2011 Preqin Global Infrastructure Review - Sample Pages 2011 Global Private Equity Report Contents Editor’s Foreword 3 Fundraising Review - Natural Resources 38 Fundraising Review - Venture 39 Section One: The 2011 Preqin Global Private Equity Report Section Six: Placement Agents Keynote Address - Moose Guen, CEO, MVision 5 Overview of Placement Agent Use in 2009 41 Profi le of the Placement Agent Industry 42 Section Two: Overview of the Private Equity Industry Introduction 7 Section Seven: Fund Administrators Deal-Driven Optimism - Simon Walker, Chief 8 Fund Administrators 43 Executive, BVCA Proactively Engaging Legislation - Uli Fricke, 9 Chairwoman, EVCA Section Eight: Deals Challenges for the US Market - Doug 10 Relationships Really Matter - 45 Lowenstein, President, PEGCC Vineet Pruthi, Investment Professional, Lincolnshire Management The Rise of Emerging Markets - Sarah 11 Alexander, President and CEO, EMPEA Global Buyout Activity 46 Section Three: Assets under Management, Dry Power, Section Nine: Private Equity Performance Employment and Compensation An Examination of Private Equity Performance 51 Assets under Management and Dry Powder 13 Delivering Consistently High Private Equity 52 Employment and Compensation 15 Performance - Logan M. Cheek, III, Senior Managing Director, Pittsford Ventures Management Section Four: General Partners Consistent Performers 53 League Tables - Largest GPs 19 Private Equity Returns for Pension Funds 57 Buyout GPs - Key Stats and Facts 21 Private Equity Benchmarks 60 Distressed PE GPs - Key Stats -
John Laco Partner
John Laco Partner Los Angeles D: +1-213-430-6544 [email protected] John Laco is a seasoned corporate lawyer with 30 years of Admissions experience advising public and private companies and financial investors. Bar Admissions California He works with some of the best-known Southern California companies global private equity and institutional investors along the full investment cycle, from negotiating initial investments and Education acquisitions to subsequent tack-on acquisitions, financings, and Loyola Marymount University, J.D., portfolio company growth counseling. 1992: Loyola Law Review, Editor and John is also a boardroom level counselor who provides C-level Staff Member; Order of the Coif; American Jurisprudence Award, executives, in-house counsel, and boards of directors with Torts/Legal Writing experienced corporate advice on fiduciary duties, corporate University of Notre Dame, B.S.E.E., structuring, stockholder agreements, complex commercial 1987 arrangements and transformative strategic undertakings. Lead Engineer/Manager, Northrop, He offers deep knowledge of business and legal issues in the Reliability Engineering Group, 1987- manufacturing, retail, infrastructure, agriculture, aerospace, and 1989 technology sectors, and is a founding member of O’Melveny’s Water Industry Practice. John leads O’Melveny’s Equity Investment Committee, an internal group managing the investment of more than US$180 million of the firm’s retirement funds. He is the Chair of the O’Melveny Scholarship Program, which provides college scholarships and mentors to fifth graders at LAUSD’s O’Melveny Elementary School, with the goal of encouraging each “O’Melveny Scholar” to succeed academically and pursue a college education. O’Melveny & Myers LLP 1 Experience • Representing Guess?, Inc. -
Funds, Fees & Affiliates
FUNDS, FEES & AFFILIATES (OH MY!) SEC OCIE’s Examination of the Private Fund World Moderators: James W. Van Horn, Jr., Hirschler Fleischer, PC Marc R. Lieberman, Kutak Rock LLP Presenters: Matthew D. Harris, Securities Exchange Commission, Chicago Office Edward Schwartz, ORG Portfolio Management NAPPA SEC Working Group Panel 2015 NAPPA Legal Education Conference June 25, 2015 AGENDA I. Overview Marc Lieberman II. OCIE Examinations Matthew Harris A. Examination Process B. Exam Priorities C. Examination Results III. Panel Discussion Jim Van Horn Marc Lieberman A. Fee Allocations, Disclosure & Transparency Matt Harris B. Fiduciary Duty of Private Fund Advisers Ed Schwartz C. Role of Fund Administrators & Auditors D. Independent Monitors IV. Questions F UNDS, FEES & AFFILIATES (OH M Y!) J UNE 25, 2015 2 OVERVIEW Increased Federal Oversight of Private Investment Funds 2010 – Dodd-Frank Act amends Investment Advisers Act of 1940 (Advisers Act) - Private Fund Advisers (PFAs) must register with SEC June 2011 – SEC Adopts Rules - PFAs ≥ $150 mm to register Oct. 9, 2012 – OCIE Letter to PFAs announcing “Presence Exams” May 2, 2012 – OCIE Director di Florio Speech – PFA Compliance with Advisers Act F UNDS, FEES & AFFILIATES (OH M Y!) J UNE 25, 2015 3 OVERVIEW Increased Federal Oversight of Private Investment Funds May 11, 2012 – OCIE Director Champ Speech - “What SEC Registration Means for Hedge Fund Advisers” January 9, 2014 – OCIE /NEP Examination Priorities for 2014 (PFAs prioritized) January 28, 2014 – OCIE “Risk Alert” re: investor