Columbus, OH

For seven of the largest publicly traded alternative asset firms, the second quarter meant a combined $103 billion-plus in fresh capital commitments to a variety of credit strategies -- fueling asset growth and fee prospects. Apollo Global Management, Ares Management, Blackstone, Blue Owl Capital, The Carlyle Group, KKR and TPG account for an estimated $1.7 […]

Public rise of private credit: A closer look at Q2’s $103bn asset boom

Boston, MA

As the global private equity expansion continues, Hilton Global Associates’ Kerry Ann Sullivan finds that her workload remains brisk as the need for timely transactional intelligence continues to ramp up across the alternative investment arena. Alternatives Watch caught up with Sullivan, who is based in Boston, to get a...

Details matter: A conversation with Hilton Global’s Sullivan on PE trends

Resurgens Technology Partners (RTP), a private equity firm specializing in lower middle-market software companies, held the final close of its third fund with $800 million in commitments. This latest fundraising effort marks a significant increase from the firm’s previous funds, with Fund I raising over $200 million and Fund II securing more than $500 million.

Resurgens closes third software investment fund at $800m

Stockholm-based EQT has set a $12.5 billion target for its latest Asian private equity fund, BPEA Private Equity Fund IX (BPEA IX), signaling the firm’s continued commitment to expanding its presence in the Asian market. The firm noted that the final fund size could vary from the target, depending...

EQT announces $12.5bn target for new Asian PE fund

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Firms focused on the real estate market have been actively recruiting talent, including DWS, Heitman and Madison International Realty. Other key investment hires over the past week were at CPP Investments, Russell Investments and Ilmarinen, a Finnish mutual pension insurance company.

People moves for the week ending Aug. 16

Denver, CO

Migrants enrolled in the Denver Asylum Seekers Program won’t get cash benefits after all. The council amended a contract with Haven for Hope during the Safety, Housing, Education and Homelessness Committee meeting Wednesday. Instead of Haven of Hope providing migrants with cash assistance on debit cards, it will instead provide “culturally appropriate” food.

Denver revokes cash assistance for migrants

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

DWS is expanding its global private credit operations with the addition of four executives within its real estate credit business announced this week. Jay DeWaltoff has joined as head of U.S. Real Estate Debt in the firm’s New York offices reporting directly to Todd Henderson, co-global head of Real Estate and head of Real Estate […]

DWS hires from J.P. Morgan for RE debt

Louisiana State

Natrona County, WY

Houma, LA

WyoFile

A worker died Aug. 5 when the crane he was operating toppled at a wind farm construction site in remote Natrona County, state and local officials say. The victim, John William Hoffpauir, Jr., 55, of Houma, Louisiana, was working as a crane operator at the Cedar Springs wind energy construction site north of Casper and Glenrock under the control of Blattner Energy at the time of the accident. Hoffpauir was a Blattner Energy employee, a spokesperson for the company told WyoFile.

Worker killed in accident on wind energy construction site in Natrona County

Apache Junction, AZ

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Suzy Jacobson Cherry

When I studied Anthropology in college, I learned that teeth have been indicators of economic status just about forever. Archaeologists look at the teeth in ancient skeletons and know who the rich were based on their tooth decay. During the Renaissance period, it became fashionable for women to blacken their teeth to look like they were better off than they were, because the royals and aristocrats, who could afford sugar and sweets, had more rotten and missing teeth than the poor.

Opinion: Stop Stereotyping Bad Teeth as a Sign of Drug Addiction

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

More dangerous substances are entering the Denver drug supply, Harm Reduction Action Center warned in a newsletter this week. “The Iron Law of Prohibition posits that as law enforcement becomes more intense, the potency of prohibited substances increases,” HRAC Executive Director Lisa Raville wrote in the newsletter. That is exactly what is happening, she said.

Dangerous substances entering Denver drug supply

Family offices have significantly improved their professional operations over the past five years, according to new research from Ocorian, a specialist service provider for high-net-worth individuals and financial institutions. However, these offices still face substantial challenges in governance, investment management, and succession planning. The global study, which surveyed over 300 family office professionals managing about […]

Family offices becoming more professional, but challenges remain

New Jersey State

Collingswood, NJ

Morristown Minute

CAMDEN, N.J. – Ralston Boswell, 34, of Collingswood, New Jersey, has admitted to participating in schemes to fraudulently obtain Paycheck Protection Program (PPP) loans and unemployment insurance benefits. The announcement was made by U.S. Attorney Philip R. Sellinger.

Plea: Man's PPP & Unemployment Fraud - $209K Scam

Morristown, NJ

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

Kentucky State

Northern Kentucky Tribune

Major changes to how real estate transactions are conducted are set to take affect this month that will effect how both sellers, and buyers, compensate their agents. On March 15, the National Association of Realtors (NAR) settled a lawsuit brought by home sellers regarding how broker commissions were handled. As a result of that settlement, the NAR will remove agent compensation amounts from Multiple Listing Services, provide detailed compensation information to buyers and sellers and attain a written agreement outlining that compensation structure.

Broker commissions on real estate transactions will look a lot different starting August 17

Massachusetts State

Brighton, MA

Dianna Carney

BinStar, a popular Massachusetts bargain store known for its fun and sustainable shopping experience, has announced the closure of its Brighton location. This decision was announced by Jack Laughlin, the CEO and founder of BinStar, in a message to the community.

Popular Massachusetts Bargain Store Announces Closure Of Brighton Location

Georgia State

Eton, GA

DeanLand

July was a quiet month on the Richter Scale for Georgia, with the state registering only one earthquake after experiencing six quakes each month in May and June. Georgia's only measureable earthquake in July was recorded on July 25 at 1:57 am centered approximately six miles northeast of Eton, GA, in Murray County. According to data from the US Geological Survey (USGS), the quake registered a magnitude of 2.4 at a depth of approximately six miles below the surface. The quake was centered within the Chattahoochee National Forest.

Lightly Shaken: Georgia Records One Earthquake in July after Active May and June

NewsBreak

Franklin Templeton closes second enterprise technology growth equity fund

Franklin Templeton held the final closing of its second enterprise technology growth equity fund. The fund, managed by Franklin Venture Partners, the private investing arm of...

Franklin Templeton closes second enterprise technology growth equity fund

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