Permira is approaching the final close of its maiden growth opportunities fund at around $1.7 billion, according to a person familiar with the situation. A filing with the Securities and Exchange Commission said the firm had collected at least $1.44 billion as of June 3 for Permira Growth Opportunities I LP 1. The fund represents a new strategy... … [Read more...] about Permira Nearing Close of $1.7 Billion Growth Fund
Growth opportunities fund
/EIN News/ -- BIRMINGHAM, Ala., March 18, 2019 (GLOBE NEWSWIRE) -- Todd N. Jordan and John F. Bryant, Managing Directors of Harbert Special Opportunity Fund, LP sent a letter to Mr. Ramin Kamfar, President, CEO and Chairman of the Board of Trustees for Bluerock Residential Growth REIT, Inc. (“BRG”) on Monday, March 18, 2019 formally requesting that the BRG Board immediately hire a nationally recognized investment bank and commence a comprehensive strategic review. Please see the full text of the letter below. Via Electronic Mail March 18, 2019 Mr. Ramin Kamfar th floor Dear Mr. Kamfar, Harbert Special Opportunity Fund (“HSOF”) owns 5.56% of Bluerock Residential Growth REIT’s (“BRG” or “Bluerock” or “Company”) common shares, and we are your third-largest shareholder. Over the past six months, we have made two offers to acquire 100% of the outstanding capital stock of BRG, both at a significant premium to its … [Read more...] about Harbert Special Opportunity Fund, LP Sends Public Letter to Bluerock Residential Growth REIT, Inc.
John Lewis, Executive Vice President & Chief Administrative Officer for The Harbor Bank of Maryland. In 2018, a new incentive for investing in certain designated census tracts was created by the Tax Cuts and Jobs Act. This legislation formally created Opportunity Zones, where qualified equity investments into certain real-estate, equipment and businesses provide meaningful tax incentives to investors. It is estimated that the tax incentive is applicable to over $6 trillion in investible capital that is currently on the sidelines. While many believe that the investments will focus on the real estate and venture capital sectors, we believe that the incentive has the potential to make significant equity capital available to Maryland’s small businesses. The Harbor Bankshares Corporation is a US Treasury designated Community Development Financial Institution with a 35-year history of providing catalytic capital to small businesses and real estate projects throughout Maryland, … [Read more...] about Opportunity funds: A new source of equity capital for small businesses
/EIN News/ -- RICHMOND HILL, Ontario, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Lysander Funds Limited (“Lysander”), on behalf of Canso Select Opportunities Fund (TSE: SCW:UN) (the “Fund”) and Canso Select Opportunities Corporation (“CSOC or the Corporation”) (TSXV: CSOC), are pleased to announce that the previously-announced plan of arrangement involving the Fund and CSOC (the “Arrangement”) will close on September 4, 2018. Trading of Securities of the Fund and CSOC As a result of the closing of the Arrangement and pursuant to elections previously made, unitholders of the Fund will receive class A multiple voting shares (“Class A Multiple Voting Shares”) and/or class B subordinate voting shares (“Class B Subordinate Voting Shares”) of CSOC in exchange for units of the Fund previously held. As of August 31, 2018, the units of the Fund will delist from the Toronto Stock Exchange and effective as … [Read more...] about Canso Select Opportunities Fund and Canso Select Opportunities Corporation Announce the Closing of the Arrangement and Provide Additional Information on Canso Select Opportunities Corporation
/EIN News/ -- WILMINGTON, Del., July 23, 2018 (GLOBE NEWSWIRE) -- WSFS Financial Corporation (Nasdaq:WSFS), the parent company of WSFS Bank, reported net income of $28.7 million, or $0.89 per diluted common share for 2Q 2018 compared to net income of $20.6 million, or $0.64 per share for 2Q 2017, an earnings per share (EPS) increase of 39%, and $37.4 million, or $1.16 per share for 1Q 2018. 1Q 2018 results included an unrealized investment valuation gain of $15.3 million (pre-tax), or $0.36 per share (after-tax), and a fraud recovery of $1.7 million, or $0.04 per share. Net revenue (which includes net interest income and noninterest income) was $96.0 million for 2Q 2018, an increase of $10.0 million, or 12%, from 2Q 2017. Net interest income was $61.0 million, an increase of $6.7 million, or 12%, from 2Q 2017; and fee income (noninterest income) was $35.0 million, an increase of $3.3 million, or 10%, from 2Q 2017. Noninterest expenses were $57.8 million in 2Q 2018, an increase of … [Read more...] about WSFS Reports 2Q 2018 Record Operating Results of 1.65% ROA and EPS of $0.89, an Increase of 39%, Driven by Strong, Balanced, Organic Growth in Net Interest Income, Fee Income, Loans and Deposits