Caitlin Gubbels has been promoted to senior managing director and global head of private equity at CPP Investments, effective Oct. 15. At the C$647 billion ($472 billion) fund, Gubbels joins the senior management team as she leads the private equity program globally, including teams dedicated to direct private equity, private equity Asia and private equity […]

CPP names global head of PE

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

EQT Private Equity announced plans to acquire a majority stake in AMCS, a provider of software solutions for resource-intensive industries, in a deal involving the EQT X and EQT Future funds. A strategic investment in tech powering the circular economy transition AMCS, founded in 2003 and headquartered in Ireland, offers a SaaS platform that includes […]

EQT to acquire majority stake in AMCS, boosting circular economy software

Virginia State

Richmond, VA

Investment staff at the $114 billion Virginia Retirement System have had a busy summer, adding six funds and $1.6 billion across real assets, private equity and absolute return. The investment commitments are in addition to the $1.2 billion in activity reported at the trustees’ June meeting. The most recent approved investments range from large-scale real […]

Virginia pension adds $1.6bn to alts

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

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

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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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

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community_voice

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

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

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

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

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

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

The Wales Pension Partnership, which oversees £22.5 billion ($29 billion) in assets for multiple pension schemes has selected two real estate managers. The moves are part of a broader roll-out into private markets that began last year within infrastructure and private credit. “These appointments conclude the majority of the private markets investment managers for WPP. […]

Welsh pension hires two real estate firms

Blackrock, EQT, H.I.G. Capital and Vista Equity Partners are among the firms featured in our weekly roundup of assorted dealmaking activity. We also spotted a few large credit deals and moves to expand RIA access to alts. Private Equity Credit Hedge Funds Real Estate Infrastructure Wealth Management.

The Aggregator

Jacksonville, FL

Jacksonville Today

Molton Smith and his neighbors say they’re blindsided by a $4,500 annual property tax hike for a dredging project they never agreed to. “It’s forever,” says Smith. “The Hogpen Creek special district just came out of left field.”

Intracoastal West residents face $4,500 annual tax that many say was a surprise

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

Georgia State

A federal judge has denied the state’s end-around attempt to gain back time lost during the Biden administration’s unsuccessful bid to block the governor’s limited Medicaid expansion program.

Federal judge rejects Georgia’s request to extend length of time for state’s limited Medicaid plan

Morristown, NJ

Morristown Minute

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

New Jersey State

Collingswood, NJ

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

NewsBreak

EQT announces $12.5bn target for new Asian PE fund

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...

EQT announces $12.5bn target for new Asian PE fund

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