Giving Every Child a Place to Belong
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December 1992
VOLUME 16, NUMBER 12 MASTERS OF THE FEATURES FREE UNIVERSE NICKO Avant-garde drummers Ed Blackwell, Rashied Ali, Andrew JEFF PORCARO: McBRAIN Cyrille, and Milford Graves have secured a place in music history A SPECIAL TRIBUTE Iron Maiden's Nicko McBrain may by stretching the accepted role of When so respected and admired be cited as an early influence by drums and rhythm. Yet amongst a player as Jeff Porcaro passes metal drummers all over, but that the chaos, there's always been away prematurely, the doesn't mean he isn't as vital a play- great discipline and thought. music—and our lives—are never er as ever. In this exclusive interview, Learn how these free the same. In this tribute, friends find out how Nicko's drumming masters and admirers share their fond gears move, and what's tore down the walls. memories of Jeff, and up with Maiden's power- • by Bill Milkowski 32 remind us of his deep ful new album and tour. 28 contributions to our • by Teri Saccone art. 22 • by Robyn Flans THE PERCUSSIVE ARTS SOCIETY For thirty years the Percussive Arts Society has fostered credibility, exposure, and the exchange of ideas for percus- sionists of every stripe. In this special report, learn where the PAS has been, where it is, and where it's going. • by Rick Mattingly 36 MD TRIVIA CONTEST Win a Sonor Force 1000 drumkit—plus other great Sonor prizes! 68 COVER PHOTO BY MICHAEL BLOOM Education 58 ROCK 'N' JAZZ CLINIC Back To The Dregs BY ROD MORGENSTEIN Equipment Departments 66 BASICS 42 PRODUCT The Teacher Fallacy News BY FRANK MAY CLOSE-UP 4 EDITOR'S New Sabian Products OVERVIEW BY RICK VAN HORN, 8 UPDATE 68 CONCEPTS ADAM BUDOFSKY, AND RICK MATTINGLY Tommy Campbell, Footwork: 6 READERS' Joel Maitoza of 24-7 Spyz, A Balancing Act 45 Yamaha Snare Drums Gary Husband, and the BY ANDREW BY RICK MATTINGLY PLATFORM Moody Blues' Gordon KOLLMORGEN Marshall, plus News 47 Cappella 12 ASK A PRO 90 TEACHERS' Celebrity Sticks BY ADAM BUDOFSKY 146 INDUSTRY FORUM AND WILLIAM F. -
Limited Partnerships and Private Equity Alexander Corrie
Limited Partnerships and Private Equity Alexander R. Corrie The concept of the limited partnership is not entirely new to Jamaica, as legislation has provided for the creation of these entities for over 150 years. However, the Partnerships (Limited) Act, 1853 has been found wanting in a number of key respects, particularly as it relates to the necessities and intricacies of the modern commercial landscape. The newly enacted Partnership (Limited) Act, 2017 has introduced a new regime, which includes several novel forms of limited partnerships as well as a more defined set of rules which govern their formation and operation. Many of these rules facilitate the effective utilization of the limited partnership as an investment vehicle. For many years, the limited liability company has been the vehicle of choice for most entrepreneurs seeking to operate businesses, as well as for many investors using that structure to acquire, hold and sell assets. This is due in no small part to liability protection, separate legal personality and other benefits afforded to shareholders under the company law regime. In contrast, the suitability and effectiveness of a traditional partnership as an investment vehicle is limited, as each individual partner potentially faces unlimited personal liability for the debts of the partnership. Unlike traditional partnerships, which are comprised simply of partners, a limited partnership consists of general partners and limited partners, and there must be at least one person in each category. There is a clear delineation between these roles, whereby general partners are responsible for the firm’s management, while limited partners are forbidden from taking part in the management of the partnership business and do not have the power to bind the firm. -
2021 Matrix Awards
SPONSORSHIP OPPORTUNITIES 2021 MATRIX AWARDS VIRTUAL EVENT | MONDAY, OCTOBER 18, 2021 | 12:00 P.M. ET Combining the success of last year’s virtually produced event with the return to normalcy we’re all feeling, we are thrilled to offer a hybrid awards ceremony this year. A professionally produced event broadcast for all to attend coupled with an invitation-only VIP reception for honorees, their guests, and exclusive sponsors. PRESENTED BY HOSTED BY New York Women in Communications (NYWICI) celebrates the 51st Anniversary of its Matrix Awards in 2021 Since 1971, the Matrix Awards have been given annually to a group of outstanding women leaders who exemplify excellence, the courage to break boundaries and steadfast commitment to champion the next generation of trailblazers, creatives and communicators. But this year will be different, bigger and better. The 2021 Matrix Awards will be delivered as a virtual event, on Monday, October 18 at 12pm ET. This digital presentation offers many new exciting possibilities, breaking down barriers of time and geography to reach a wider audience and new communities. We’ll be able to expand the audience and influence of the usual in-person gathering several-fold. NYWICI will welcome back past winners and presenters, celebrate our scholarship winners and spotlight our longstanding and newly engaged partners who make this all possible. Over the past 50 years, we’ve celebrated some iconic women like Gloria Steinem, Padma Lakshmi, Norah O’Donnell, Halle Berry, Kirsten Gillibrand, Andrea Mitchell, Joanna Coles, Bonnie Hammer, Sheryl Sandberg and Tina Fey, among many more. This event is NYWICI’s largest fundraiser and we invite you to join us as an event sponsor, demonstrating your support of NYWICI, women in the communications field and the incredible class of 2021 Matrix honorees. -
RRP Sector Assessment
OrbiMed Asia Partners III, LP Fund (RRP REG 51072) OWNERSHIP, MANAGEMENT, AND GOVERNANCE A. The Fund Structure 1. The Asian Development Bank (ADB) proposes to invest in OrbiMed Asia Partners III, LP Fund (OAP III), which is a Cayman Islands exempted limited partnership seeking to raise up to $500 million in capital commitments. It is managed by OrbiMed Asia GP III, LP (the general partner), a Cayman Islands exempted limited partnership. The sole limited partner of the general partner is OrbiMed Advisors III Limited, a Cayman Islands exempted company. OrbiMed Advisors LLC (the investment advisor), a registered investment advisor with the United States (US) Securities and Exchange Commission, will provide investment advisory services to OAP III. This structure is illustrated in the figure below. Table 1 shows the ultimate beneficial owners (UBOs) of the general partner and the investment advisor. Table 1: Ultimate Beneficial Owners of the General Partner and the Investment Advisor (ownership stake, %) Name Investment Advisor General Partner Sven H. Borho (~10–25%) (~8%) Alexander M. Cooper (~8%) Carl L. Gordon (~10–25%) (~8%) (also Director) Geoffrey C. Hsu (<5%) (~8%) Samuel D. Isaly (~50–75%) (~8%) W. Carter Neild (<5%) (~8%) (also Director) Jonathan T. Silverstein (~5–10%) (~8%) (also Director) Sunny Sharma (~8%) (also Officer) Evan D. Sotiriou (~8%) David G. Wang (~8%) (also Officer) Jonathan Wang (~8%) (also Officer) Sam Block III (~8%) Source: OrbiMed Group. 2 2. Investors. The fund held a first closing of approximately $233.5 million on 1 March 2017, and a second closing of approximately $137.6 million on 26 April 2017. -
Form 3 FORM 3 UNITED STATES SECURITIES and EXCHANGE COMMISSION OMB APPROVAL Washington, D.C
SEC Form 3 FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL Washington, D.C. 20549 3235- OMB Number: 0104 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF Estimated average burden hours per SECURITIES 0.5 response: Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 1. Name and Address of Reporting Person* 2. Date of Event 3. Issuer Name and Ticker or Trading Symbol Requiring Statement Sotera Health Co [ SHC ] GTCR INVESTMENT XI (Month/Day/Year) LLC 11/20/2020 4. Relationship of Reporting Person(s) to 5. If Amendment, Date of Original Issuer Filed (Month/Day/Year) (Last) (First) (Middle) (Check all applicable) 300 NORTH LASALLE STREET, X Director X 10% Owner 6. Individual or Joint/Group Filing SUITE 5600 Officer (give Other (specify (Check Applicable Line) title below) below) Form filed by One Reporting Person (Street) X Form filed by More than One CHICAGO IL 60654 Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Beneficially Owned (Instr. Form: Direct Ownership (Instr. 5) 4) (D) or Indirect (I) (Instr. 5) Common Stock, $0.01 par value per share ("Common 79,286,597(1) I See Footnote(2)(3)(4) Stock") Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and 3. Title and Amount of Securities 4. 5. -
Limited Partnership: Business, Government, Civil Society (Ngos) and the Public in the Extractive Industry Transparency Initiative (EITI)
Institute for International Economic Policy Working Paper Series Elliott School of International Affairs The George Washington University Limited Partnership: Business, Government, Civil Society (NGOs) and the Public in the Extractive Industry Transparency Initiative (EITI) IIEPWP201028 Susan Ariel Aaronson George Washington University Jennifer Brinkerhoff George Washington University October 2009 Institute for International Economic Policy 1957 E St. NW, Suite 502 Voice: (202) 994‐5320 Fax: (202) 994‐5477 Email: [email protected] Web: www.gwu.edu/~iiep Limited Partnership: Business, Government, Civil Society (NGOs) and the Public in the Extractive Industry Transparency Initiative (EITI) 1 PAAD711 Limited Partnership: Business, Government, Civil Society and the Public in the Extractive Industry Transparency Initiative (EITI) Nigeria is awash in oil; Mali is flush with gold reserves; and Peru has abundant copper. These resources belong to the people, and thus, Nigerians, Malians, and Peruvians should benefit from their extraction and sale. But in many resource rich developing countries, policymakers lack the skills, will, or expertise to effectively manage the funds derived from these resources. Officials may funnel mining or petrodollars to their allies and families to stay in power. In some nations with weak institutions, a lack of accountability and transparency about resource revenues can exacerbate poor governance, and lead to corruption, conflict, and inequality (Karl, 1997, Ross: 2001; and Auty: 2001). Meanwhile, citizens of these resource rich countries have little say over how the revenues are spent or invested. This affliction is known as the resource curse (Lederman and Maloney: 2007, and Sachs and Warner: 1995). Extractive industry companies, civil society activists, and some developing county policymakers have collaborated to help people from resource rich nations such as Nigeria govern more effectively. -
Private Equity
PRIVATE EQUITY Viney Sawhney <[email protected]> Introduction – Course Description This course is the study of private equity money invested in companies that are not publicly traded on a stock exchange or invested in as part of buyouts of publicly traded companies. The objective of the course is to provide a comprehensive overview and in-depth understanding of the private equity markets. Private equity finance will be explored from a number of perspectives, beginning with the structure and objectives of private equity funds; followed by the analysis and financing of investment opportunities; and finally crafting strategies for harvesting investments. There has been an increase in both the supply of and demand for private equity. On the supply side, the amount of private equity under management - by partnerships investing in private equity, growth investments, leveraged buyouts, distressed companies, real estate, etc. - has increased dramatically in recent years. On the demand side, an increasing number of individuals and companies are interested in starting and growing their respective businesses. Collectively, small and medium businesses are focused in gaining access to Private Equity and understanding the dynamics of this unique funding source. Course objectives The main objective of the course is to provide students with the necessary theoretical and conceptual tools used in private equity deals. The course provides the intellectual framework used in the private equity process, valuation in private equity settings, creating term sheets, the process of due diligence and deal structuring. Other learning objectives include building an understanding of harvesting through IPO or M&A, public-private partnerships and sovereign wealth funds. -
Weekly Internet / Digital Media / Saas Sector Summary
Weekly Internet / Digital Media / SaaS Sector Summary Week of July 14th, 2014 Industry Stock Market Valuation Internet / Digital Media / SaaS Last 12 Months Last 3 Months 180 120 14.6% 160 11.9% 60.8% 10.4% 10.4% 110 7.9% 140 22.3% 7.7% 21.0% 6.6% 20.4% 5.9% 120 20.0% 5.1% 16.3% 100 13.9% 100 13.0% 10.8% 80 90 7/12/13 9/23/13 12/5/13 2/16/14 4/30/14 7/12/14 4/11/14 5/4/14 5/27/14 6/19/14 7/12/14 (1) (2) (3) (4) Search / Online Advertising Internet Commerce Internet Content Publishers (5) (6) (7) (8) NASDAQ Diversified Marketing Media Conglomerates Gaming SaaS Notes: 1) Search/Online Advertising Composite includes: BCOR, BLNX-GB, CNVR, CRTO, GOOG, FUEL, MCHX, MM, MRIN, MSFT, QNST, RLOC, RUBI, TRMR, TWTR, YHOO, YNDX, YUME. 2) Internet Commerce Composite includes: AMZN, AWAY, COUP, CPRT, DRIV, EBAY, EXPE, FLWS, LINTA, NFLX, NILE, OPEN, OSTK, PCLN, PRSS, SSTK, STMP, TZOO, VPRT, ZU. 3) Internet Content Composite includes: AOL, CRCM, DHX, DMD, EHTH, IACI, MOVE, MWW, RATE, RENN, RNWK, SCOR, SFLY, TRLA, TST, TTGT, UNTD, WBMD, WWWW, XOXO, Z. 4) Publishers Composite includes: GCI, MMB-FR, NWSA, NYT, PSON-GB, SSP, TRI, UBM-GB, WPO. 5) Diversified Marketing Composite includes: ACXM, EFX, EXPN-GB, HAV-FR, HHS, IPG, MDCA, NLSN, VCI, WPP-GB. 6) Media Conglomerates Composite includes: CBS, CMCSA, DIS, DISCA, LGF, SNE, TWX, VIA.B. 7) Gaming Composite includes: 2432-JP, 3632-JP, 3765-JP, 700-HK, ATVI, CYOU, EA, GA, GAME, GLUU, NTES, PWRD, UBI-FR, ZNGA. -
Less Than a Decade After Launching Her Own Label, Tory Burch C'88 Is
Less than a decade after launching her own label, Tory Burch C’88 is one of the most recognizable names in fashion. Through mentoring and microloans, the Tory Burch Foundation is empowering other women entrepreneurs to follow in her footsteps. By Kathryn Levy Feldman From Brand to RoleModel a recent evening at Tory Burch LLC in downtown Manhattan, the resort collection of bright, classic, ON and preppy-chic clothing and accessories was not getting much attention from the 75 women gathered in the trademark orange-and-green showroom. In fact, the clothing racks had been pushed to the sides of the mirrored space to make way for 11 glass-topped tables, where the women—aged 20 to 60, and each the owner of her own small business—were engaged in a networking forum modeled on speed dating and organized by the Tory Burch Foundation and its micro-financing partner, Accion. The evening was one of about a dozen similar mentoring events Burch’s foundation has held in locations such as New York, Chicago, and Hawaii. Every 20 minutes, the women moved from table to table to tap the expertise of a different mentor in fields including (that evening) retail, hospitality, real estate, insurance, and marketing. Burch herself circulated among the tables, listening in on conversations and beaming. 44 NOV | DEC 2012 THE PENNSYLVANIA GAZETTE PHOTOGRAPH BY PATRICK DEMARCHELIER From Brand to “I’m lucky to have had many mentors throughout my career,” Burch says. THE PENNSYLVANIA GAZETTE NOV | DEC 2012 45 “For our mentoring events, we focus Certainly she has demonstrated hers. -