Press Release Paris // December 8, 2016
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Regis Group and Ares Management Form Haven Capital
FOR IMMEDIATE RELEASE REGIS GROUP AND ARES MANAGEMENT FORM HAVEN CAPITAL Haven Capital Seeks to Capitalize on Ground Lease Opportunities in Top Markets Across the U.S. New York – November 16, 2020 – Regis Group (“Regis”) and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation (“Ares”) today announced the formation of Haven Capital, an originator of customized ground lease positions in high quality assets across the U.S. Formed as a joint venture between Regis and the Ares funds, Haven Capital aims to capitalize ground lease opportunities in most real estate sectors in the top 50 markets with an initial capacity in excess of $1.0 billion. Haven Capital will target ground leases across all asset classes with a minimum $20 million transaction size. For real estate owners and developers, Haven Capital’s 99-year ground lease structure has the potential to increase asset values by separating land and buildings while reducing equity requirements, and thus, the total cost of capital. Further, Haven Capital can provide owners with the option to repurchase the property during the term or at the maturity of the ground lease. Haven Capital has appointed Joe Shanley to lead the growth of its platform. Prior to Haven Capital, Mr. Shanley was a Vice President at SL Green Realty, managing equity and debt investments for a variety of asset types across the New York region. “Regis has an established track record of identifying emerging opportunities in real estate and building national platforms to offer solutions for the market,” said Nick Gould, Chairman and Founder, Regis Group. -
Value in Private Equity: Where Social Meets Shareholder 3 OPPORTUNITIES ALIGNED
VALUE IN PRIVATE EQUITY WHERE SOCIAL MEETS SHAREHOLDER By Mark Hepworth Big Issue Invest March 2014 2 MOVING TOWARDS AN ERA OF OPPORTUNITY FOR ALL... The imbalance of opportunity in society is as striking today as it ever was. In my opinion though, this lack of opportunity is caused, not so much by opportunity not being there, but because of the lack of educational qualifications, or other criteria, such as direction and focus being absent in poorer sections of society. Clearly someone who attended private school, comes from a wealthy and educated family, and who completed their education to degree level is more likely to achieve than someone who was brought up as part of a one parent family, located in an inner city borough, didn’t attend much school and left at the earliest opportunity without any exam passes. Opportunity is always there for those naturally gifted, or lucky enough to spot it, or perhaps those educated enough to recognise it. I recently had lunch with a leading politician and mentioned my belief that we simply must find a way of linking the powerful stallions of free enterprise to the carriage of humanity that follows behind. It is essential in a modern democratic society that we work toward inclusion for all. Forget making the rich poorer, let’s make the poor richer. To most, the goal of private equity investment is typically seen as working in direct conflict to this goal of social inclusion. The media tends to distort and exaggerate the sector like a pantomime villain - asset stripping, job losses, financial engineering...the list goes on. -
MCERA May 5, 2021 Regular Board Meeting Agenda Page 1 of 4 B
AGENDA REGULAR BOARD MEETING MARIN COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION (MCERA) One McInnis Parkway, 1st Floor Retirement Board Chambers San Rafael, CA May 5, 2021 – 9:00 a.m. This meeting will be held via videoconference pursuant to Executive Order N-25-20, issued by Governor Newsom on March 12, 2020, Executive Order N-29-20, issued by Governor Newsom on March 17, 2020, and Executive Order N-35-20, issued by Governor Newsom on March 21, 2020. Instructions for watching the meeting and/or providing public comment, as well as the links for access, are available on the Watch & Attend Meetings page of MCERA’s website. Please visit https://www.mcera.org/retirementboard/agendas-minutes/watchmeetings for more information. The Board of Retirement encourages a respectful presentation of public views to the Board. The Board, staff and public are expected to be polite and courteous, and refrain from questioning the character or motives of others. Please help create an atmosphere of respect during Board meetings. EVENT CALENDAR 9 a.m. Regular Board Meeting CALL TO ORDER ROLL CALL MINUTES April 14, 2021 Board meeting A. OPEN TIME FOR PUBLIC EXPRESSION Note: The public may also address the Board regarding any agenda item when the Board considers the item. Open time for public expression, from three to five minutes per speaker, on items not on the Board Agenda. While members of the public are welcome to address the Board during this time on matters within the Board’s jurisdiction, except as otherwise permitted by the Ralph M. Brown Act (Government Code Sections 54950 et seq.), no deliberation or action may be taken by the Board concerning a non-agenda item. -
Boosey & Hawkes
City Research Online City, University of London Institutional Repository Citation: Howell, Jocelyn (2016). Boosey & Hawkes: The rise and fall of a wind instrument manufacturing empire. (Unpublished Doctoral thesis, City, University of London) This is the accepted version of the paper. This version of the publication may differ from the final published version. Permanent repository link: https://openaccess.city.ac.uk/id/eprint/16081/ Link to published version: Copyright: City Research Online aims to make research outputs of City, University of London available to a wider audience. Copyright and Moral Rights remain with the author(s) and/or copyright holders. URLs from City Research Online may be freely distributed and linked to. Reuse: Copies of full items can be used for personal research or study, educational, or not-for-profit purposes without prior permission or charge. Provided that the authors, title and full bibliographic details are credited, a hyperlink and/or URL is given for the original metadata page and the content is not changed in any way. City Research Online: http://openaccess.city.ac.uk/ [email protected] Boosey & Hawkes: The Rise and Fall of a Wind Instrument Manufacturing Empire Jocelyn Howell PhD in Music City University London, Department of Music July 2016 Volume 1 of 2 1 Table of Contents Table of Contents .................................................................................................................................... 2 Table of Figures...................................................................................................................................... -
INVESTMENT VENDORS the Following Is a Listing of the Investment Managers, Custodians, and Consultants That Serve the Massachusetts Public Pension Systems
INVESTMENT VENDORS The following is a listing of the investment managers, custodians, and consultants that serve the Massachusetts public pension systems. The listing is based on information supplied by the retirement boards. RETIREMENT BOARD INVESTMENT VENDORS ADAMS • Capital Research and Management • Granite Investment Advisors Custodian: State Street Bank & Trust AMESBURY • PRIT ANDOVER • PRIT ARLINGTON • PRIT • Wilshire Associates Inc. Custodian: State Street Bank & Trust ATTLEBORO • Boston Advisors, LLC • Herndon Capital Management, LLC • PRIT Custodian: People’s United Bank • Daruma Capital Management, LLC • Invesco Core Real Estate USA, LP • Regions Timberland Consultant: Dahab Associates Inc. • Fidelity Institutional Asset Management • Invesco National Trust Company • State Street Global Advisors • Frontier Capital Management Co., LLC • Orleans Capital Management Corp. • Wells Capital Management Inc. • Hancock Natural Resource Group, Inc. BARNSTABLE COUNTY • Intercontinental Capital Management, LLC • PRIT • UBS Realty Investors, LLC BELMONT • AEW Capital Management, LP • Loomis Sayles & Company • RhumbLine Advisers Custodian: State Street Bank & Trust • Atlanta Capital • Pacific Investment Management Company, LLC • Rothschild Asset Management Inc. Consultant: New England Pension • Harbourvest Partners, LLC • PRIT • Scout Capital Management, LLC Consultants BERKSHIRE COUNTY • PRIT BEVERLY • PRIT BLUE HILLS REGIONAL • PRIT BOSTON (CITY) • 57 Stars, LLC • EnTrust Partners, LLC • Permal Asset Management, Inc. Custodian: State -
Monthly M&A Insider
QUA E D RTERLY ITION A MERGERMARKET REPORT ON GLOBAL M&A ACTIVITY MONTHLY M&A INSIDER JULY 2013 INSIDE: GLOBAL OVERVIEW LATIN AMERICA NORTH AMERICA ASIA-PACIFIC EUROPE MIDDLE EAST & AFRICA ABOUT MERRILL DATASITE AND MERRILL CORPORATION Monthly M&A Insider | July GLOBAL OVERVIEW Q2 2013 finds the global M&A climate in a state of inertia. Buyers have sought to fortify against risk at the expense of growth, which has hindered both trade sales and private equity activity. Deal volume declined 13% year-on-year (YoY) to 2,890 deals, while value dropped 15% YoY to US$480bn. Sustained activity in the Pharma, Medical & The continued importance of secondary buyouts Biotech sector A major story in Q2 2013 was the prevalence of secondary The Pharma, Medical & Biotech sector has been a fertile source buyouts. Secondary buyouts (SBOs) became increasingly of M&A throughout Q2 2013. When comparing Q2 2013 with popular in 2012, and this trend has continued into 2013. Q2 2012, the sector has decreased by a slim 5% in volume, but Exits and buyouts are down YoY in Q2 both in terms of volume by value, the sector has grown YoY by a quarter. High-value and value, but secondary buyouts’ value have increased 8% activity concentrated at the upper-end of the market took place to US$25.5bn, even as volume dropped 17% YoY to 45 deals. throughout Q2. SBOs’ increased frequency has been brought about largely by lack of better options: listing became less popular because of Much of this large-cap activity was driven by private equity instability in equity markets; and controversial valuations have players, who have been particularly active in the sector. -
Partners Group Private Equity
SECURITIES AND EXCHANGE COMMISSION FORM NPORT-P Filing Date: 2020-08-26 | Period of Report: 2020-06-30 SEC Accession No. 0001752724-20-174334 (HTML Version on secdatabase.com) FILER Partners Group Private Equity (Master Fund), LLC Mailing Address Business Address 1114 AVENUE OF THE 1114 AVENUE OF THE CIK:1447247| IRS No.: 800270189 | State of Incorp.:DE | Fiscal Year End: 0331 AMERICAS AMERICAS Type: NPORT-P | Act: 40 | File No.: 811-22241 | Film No.: 201137479 37TH FLOOR 37TH FLOOR NEW YORK NY 10036 NEW YORK NY 10036 212-908-2600 Copyright © 2020 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document ITEM 1. SCHEDULE OF INVESTMENTS. The Schedule(s) of Investments is attached herewith. Partners Group Private Equity (Master Fund), LLC (a Delaware Limited Liability Company) Consolidated Schedule of Investments — June 30, 2020 (Unaudited) The unaudited consolidated schedule of investments of Partners Group Private Equity (Master Fund), LLC (the “Fund”), a Delaware limited liability company that is registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a non-diversified, closed-end management investment company, as of June 30, 2020 is set forth below: INVESTMENT PORTFOLIO AS A PERCENTAGE OF TOTAL NET ASSETS Copyright © 2020 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Partners Group Private Equity (Master Fund), LLC (a Delaware Limited Liability Company) Consolidated Schedule of Investments — June 30, 2020 (Unaudited) Acquisition Fair Industry Shares Date Value Common Stocks (2.38%) Asia - Pacific (0.06%) Alibaba Group Holding Ltd. Technology 06/19/20 4,439 $ 957,581 APA Group Utilities 02/11/16 360,819 2,765,432 Total Asia - Pacific (0.06%) 3,723,013 North America (1.09%) American Tower Corp. -
EMEA Private Equity Market Snapshot
• EMEA Emerging Markets Flourish Despite Brexit Jitters EMEA Private Equity • Specialist Mid-Market GPs Face Stiff Competition Market Snapshot • EMEA Consumer Products Losing Ground to US Targets • UK Large Caps, UK Mid-Caps: Spot Any Difference? October 2016 │ Issue 11 1 EMEA Private Equity Market Snapshot Editor’s Note Welcome to the eleventh issue of the EMEA Private Equity Market Snapshot, a quarterly publication focusing on the private equity [PE] market in Europe, the Middle East & Africa [EMEA] from S&P Global Market Intelligence. This issue leads with a review of the third quarter of 2016, noting the attractiveness of EMEA-based targets continu es to weaken in the eyes of foreign private equity buyers, with the UK faring the worst, while the Emerging Markets bucked this trend. We also take a look at the Brexit effect on the slowdown of activity of EMEA GPs and venture capital firms. We visit the UK Mid-Markets where unpredictability is the order of the day: subdued global investment while UK-based GPs remain optimistic, being left behind by its European neighbours and being the victim of intrusion from outsiders. The Consumer Products sector – the long-term darling of the private equity industry is going through a tumultuous time in EMEA as well as losing ground to the US. Is this sector in danger of losing its appeal? Our final piece looks at the UK Billion Dollar Funds and finds it short of investments and not investors and touches upon the private equity industry moving away from financial engineering towards value creation strategies which require longer holding periods. -
Sustainability Report | 2020
Catalyzing a Better Future INTRODUCTION CORPORATE SUSTAINABILITY RESPONSIBLE INVESTMENT FURTHER INFORMATION PageAbout Us OUR SUSTAINABILITY THE ISSUES THAT Title ABOUT US 2020 HIGHLIGHTS CEO LETTER AMBITION MATTER MOST TABLE OF CONTENTS Ares is a leading global alternative investment manager with $197 billion1 in assets INTRODUCTION RESPONSIBLE under management across our integrated groups: Credit, Private Equity, Real Estate INVESTMENT 1 About Us and Strategic Initiatives. How we scale our impact through the 2 2020 Highlights companies and assets we invest in. Our investment groups collaborate to seek to deliver innovative investment solutions designed to achieve 3 CEO Letter 16 Responsible Investment attractive investment returns for investors across market cycles. 4 Our Sustainability Ambition 18 Credit Group We believe our global footprint throughout North America, Europe, Asia Pacific and the Middle East is a key 5 The Issues That Matter Most 19 Direct Lending advantage in providing us with deep knowledge and extensive networks and resources in the markets we invest in. CORPORATE 21 Private Equity Group SUSTAINABILITY 22 Corporate Private Equity How we strive to lead by example 24 Real Estate Group through our own sustainable 25 Real Estate Equity business practices. 7 Corporate Sustainability FURTHER ES OF CA ENT OF 8 Supporting & Developing Talent INFORMATION RC PIT YM CAP OU A LO IT S L EP A 26 Conclusion & Looking Forward D L 9 Diversity, Equity & Inclusion 10 Philanthropy 27 Disclosures 11 Climate Change 47 End Notes ENT GEM COR 12 Governance, Compliance & Ethics NA P A OR M A 13 Cybersecurity S T We source capital from E IO We are invested in 2,800+ R N 14 Business Continuity a variety of investors A portfolio companies including 1,090+ direct institutional relationships We have 1,450+ employees collaborating across 25+ offices2 ABOUT THIS REPORT Our dedication to sustainability within our organization and investment practices spans nearly a decade. -
2016 ESG REPORT Being a Customer-Focused Responsible Investor
2016 ESG REPORT Being a customer-focused responsible investor ///////////////////////////////////////////////////////// Contents 05 Editorial 07 Idinvest Partners’ ESG policy : historical perspective and 2015 developments Main action taken in 2015 08 Responsible Private Equity strategy : A strong commitment organized around four operational positions 09 Integrate ESG issues throughout the entire investment lifecycle 10 2015, a turning point on how climate issues are addressed by our public commitments 11 A team dedicated to ESG considerations 12 The main initiatives taken by Idinvest Partners and its portfolio companies in 2015 14 Summary of 2015 activities and key ESG data 16 Growth capital 22 Private debt 29 Private funds Group 38 Idinvest Partners’ corporate social responsibility (CSR) approach (RSE) of Idinvest Partners 46 Interview with Isabelle Combarel, SWEN CAPITAL PARTNERS Editorial ///////////////////////////////////////////////////////////////////////// Dear clients, partners and staff, With over €6 billion under management, Idinvest Partners is a European leader in financing small and medium-sized enterprises. The companies financed by Idinvest Partners have created more than 7,000 jobs over the past three years. Now more than ever, our commitment to these companies brings meaning and growth against a global awakening to the issues of climate change in the wake of the 2015 Climate Change Conference (COP21). As a pioneer in this area, Idinvest is delighted to see the importance given to environmental, social and governance (ESG) considerations in a growing number of financial investors. This is why, once again, we have decided to show the high standards we expect of ourselves by broadening our responsible private equity strategy. We wish to present you with this report on our actions taken in 2015 and early 2016 and progress made on our responsible investment strategy. -
Investment Management Expertise from Around the World Investment Consulting Service Investment Managers
CIBC Wood Gundy Investment Consulting Service Investment Management Expertise From Around The World Investment Consulting Service Investment Managers CIBC Wood Gundy Investment Consulting Service (“ICS”) is Canada’s leading separately managed account (“SMA”) program 1. By combining the objective guidance and monitoring of the CIBC Asset Management Investment Management Research team and the investment expertise of many global investment managers, ICS offers investors a customizable investment solution that can help them achieve their long-term financial objectives. To identify managers whose investment strategies and proven track records make them suitable for ICS, the Investment Management Research team employs a rigorous screening process. As part of this process, the Investment Management Research team conducts extensive interviews with senior members of the investment management organization and on-site visits to appraise investment strategies, portfolios, performance measurement, risk management policies, client servicing and back office operational practices. Once suitable investment managers are selected, the Investment Management Research team continues to monitor them on both a qualitative and quantitative basis to ensure they retain the underlying qualities of excellence that initially enabled them to become part of ICS. The Investment Management Research team focuses on four key areas in their evaluation: people, investment process, philosophy and performance. 1 Source: The Fee Based Report, Winter 2014, published by Investor Economics Inc. Investment Management Expertise From Around The World 1 Investment Consulting Service Investment Managers AllianceBernstein Canada, Inc. 2 Alliance Capital acquired Sanford C. Bernstein in October 2000 to form AllianceBernstein. AllianceBernstein Canada, Inc. (AB) is a subsidiary of AllianceBernstein L.P. AB offers a comprehensive range of research, portfolio management, and wealth management services. -
Monthly Asset Management Report
Piper Sandler Financial Services Investment Banking Monthly Asset & Wealth Management Report June 2021 Aaron Dorr Christopher Browne Jason Greco MANAGING DIRECTOR, GROUP HEAD MANAGING DIRECTOR DIRECTOR Tel: +1 212 466-7734 Tel: +1 212 466-7735 Tel: +1 212 466-7967 Email: [email protected] Email: [email protected] Email: [email protected] Asset & Wealth Management Market Pulse Month Year-to-Date June 2021 May 2021 June 2021 June 2020 Global Asset Management Transaction Activity Number of Transactions Traditional Managers 343424 Alternative Managers 442924 Private Wealth Managers 14 18 104 63 Total Transactions 21 26 167 111 AUM Transacted ($ in Billions) $69 $111 $1,584 $1,361 U.S. Long-Term Retail Fund Net Flows Activity ($ in Billions) Equity Active Mutual Funds ($14.6) ($13.1) ($76.1) ($175.6) ETFs & Passive Mutual Funds $58.9 $43.1 $370.8 $38.2 Fixed Income Active Mutual Funds $30.7 $18.1 $217.4 ($38.3) ETFs & Passive Mutual Funds $28.9 $26.2 $188.6 $78.8 Publicly-Traded Asset Manager Metrics Median Stock Price Return U.S. Traditionals (0.9%) 7.4% 24.0% (4.2%) U.S. Alternatives 6.4% 3.7% 33.5% 6.3% Median Forward P/E Multiples U.S. Traditionals 11.2x 10.8x 11.2x 11.7x U.S. Alternatives 24.6x 23.0x 24.6x 23.6x Comparison to Prior Period Increase Equal Decrease Notes: Mutual fund net flow information includes U.S. open-end funds and ETFs PIPER SANDLER | 2 Performance is based on dividend-adjusted returns Source: Piper Sandler, Morningstar Direct, FactSet Transaction Highlights Asset Management Wealth Management (6/8/21) Sound Point Capital Management, a credit-oriented Wealth Enhancement Group acquired: asset manager, acquired the U.S.