As the volume of what is being invested abroad has grown, investors have more options and are looking to a more globalized [and diversified] alternatives portfolio,’ Espada said.
The firm has been snapping up stakes in the companies behind some of the UK’s best-known brands, demanding changes including break-ups, takeovers and restructuring.
Kicking off the event, which raised $1.5 million for Lincoln Center for the Performing Arts and related organizations, was former New York City Mayor Michael Bloomberg.
Some 33 key advisors within the group will run the new Woodbury offices in the New York City area, the mid-Atlantic region, Louisiana and Texas, says Woodbury CEO Rick Fergesen.
Avenue, led by billionaire Marc Lasry and best known for its bets on distressed debt, is seeking to raise about $500 million for the new fund, said the source, who requested anonymity because the information is confidential.
The deal will give HighTower its first footing in Texas and its first trust business, Salient Trust Co., LTA.
TD will provide a $750,000 investment as part of its global corporate citizenship platform, The Ready Commitment, to help open doors for an inclusive future.
Rhode Island-based financial services firm Frazier Investment Management to offer modern planning advice to entrepreneurs, businesses, families and individuals.
The value-add strategy involves improving properties through “a combination of capital upgrades, creative property repositioning and active leasing,” according to a presentation about the seventh fund made to the Contra Costa County Employees&
Larry Fink, the chairman and CEO of investment company BlackRock, surpasses the $1 billion-mark in personal wealth, according to the Bloomberg Billionaires Index.