Avenue Capital Group

Avenue Capital Group Closes on Over $1 Billion in Commitments for European Strategy Targeting Asset-Backed Lending Opportunities

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목요일, 5월 9, 2024
Entrepreneurship, Investment, Avenue Capital Group, Security (finance)

NEW YORK and LONDON, May 9, 2024 /PRNewswire/ -- Avenue Capital Group today announced the successful final closing of the Avenue Europe Special Situations Fund V (the "Avenue Europe Fund").

Key Points: 
  • NEW YORK and LONDON, May 9, 2024 /PRNewswire/ -- Avenue Capital Group today announced the successful final closing of the Avenue Europe Special Situations Fund V (the "Avenue Europe Fund").
  • The Avenue Europe strategy is focused on providing senior secured, asset-backed loans to structurally underserved borrowers across Northern Europe.
  • "We are gratified to have received such strong support for the Avenue Europe Fund from our existing and new investment partners," said Marc Lasry, CEO and Co-Founder of Avenue Capital Group.
  • The Avenue Europe Fund has drawn over 50% of committed capital and is expected to be fully committed within the next 12 months.

Lindsey Vonn joins the United States SailGP Team Board of Directors

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월요일, 4월 29, 2024
Skiing, Uber, Sport, Love, Red Bull, Partnership, Water, Oracle, Saint-Tropez, Gold, Olympic Games, Acquisition, Avenue Capital Group, Athlete, Pleasure, Football, Olympic

NEW YORK, April 29, 2024 /PRNewswire/ -- The United States SailGP Team is pleased to announce that Lindsey Vonn — three-time Olympic medalist, eight-time world championship medalist, alpine skier, philanthropist and entrepreneur— has joined the United States SailGP Team as a member of the board of directors.

Key Points: 
  • NEW YORK, April 29, 2024 /PRNewswire/ -- The United States SailGP Team is pleased to announce that Lindsey Vonn — three-time Olympic medalist, eight-time world championship medalist, alpine skier, philanthropist and entrepreneur— has joined the United States SailGP Team as a member of the board of directors.
  • Lindsey Vonn joins the United States SailGP Team board of directors.
  • "I'm thrilled to join the Board of Directors for the United States SailGP Team," said Lindsey Vonn, Olympic Champion and Entrepreneur.
  • "Lindsey is one of the greatest athletes of all time, an American icon, and has tremendous business acumen," said Mike Buckley, U.S. SailGP Team CEO.

Billy King Joins Global Talent Firm ZRG and TurnkeyZRG

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월요일, 2월 12, 2024
WIP, Duke, Ed Snider, Avenue Capital Group, Private equity, NBA, Indiana Pacers, Growth, NBATV, Radio, Season, Coach (sport), NETS, Duke University, USA Field Hockey, ZRG, Illinois State University, Boilermaker

ROCHELLE PARK, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) -- ZRG , the global talent firm, and its TurnkeyZRG , sports, entertainment & media division, today announced its continued growth with the hire of Billy King as Managing Director in the Private Equity group and the Sports Group.

Key Points: 
  • ROCHELLE PARK, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) -- ZRG , the global talent firm, and its TurnkeyZRG , sports, entertainment & media division, today announced its continued growth with the hire of Billy King as Managing Director in the Private Equity group and the Sports Group.
  • Billy was Captain of the Duke basketball team in 1988 and was a part of the 1986 and 1988 Final Four teams.
  • Billy King at Duke, Billy King as a Coach, Billy King in the NBA, and Billy King in his personal journey has always had a knack for spotting talent, getting the most out of talent and creating winning teams with the exact right talent choices.
  • TurnkeyZRG is blessed to have Billy join our team,” said Len Perna, TurnkeyZRG’s Chairman and CEO.

Strategic Value Partners Bolsters Structured Capital Capabilities with Two Senior Hires in Europe

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수요일, 1월 31, 2024
Knowledge, Head, Booz Allen Hamilton, SVP, KKR, Avenue Capital Group, Executive officer, Security (finance)

Based in London, they will jointly lead SVP's Structured Capital team in Europe, reporting to Brian Himot, who joined SVP in 2022 as Head of Structured Capital.

Key Points: 
  • Based in London, they will jointly lead SVP's Structured Capital team in Europe, reporting to Brian Himot, who joined SVP in 2022 as Head of Structured Capital.
  • These senior appointments mark SVP's expanding presence in the private capital solutions market with dedicated teams in the US and Europe.
  • With the expanded, dedicated Structured Capital team, SVP plans to continue scaling its offering to provide a range of solutions to businesses in need of capital.
  • The firm is actively recruiting and expects to grow the seven-person Structured Capital team in the US and Europe over the next six months.

Antares Capital Closes $450 Million BSL CLO, Hires Three Executives to Support Continued Growth of Liquid Credit Team

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화요일, 10월 24, 2023
Banking, Asset Management, Professional Services, Finance, BBA, Avenue Capital Group, Investcorp, MBA, BA, High-yield debt, Wharton School of the University of Pennsylvania, Lisp (programming language), Growth, JPMorgan Chase, University of California, Irvine academics, UBS, Widener University Commonwealth Law School, CIT, University, Hofstra University, HPS, Investment, BSL, Capital, Security (finance), Antares, New York University

The close comes on the heels of three recent new senior hires to the firm’s New York-based Liquid Credit team, underscoring the firm’s continued growth in the space.

Key Points: 
  • The close comes on the heels of three recent new senior hires to the firm’s New York-based Liquid Credit team, underscoring the firm’s continued growth in the space.
  • “We’re pleased that our first BSL CLO was very well received by the market,” said Vivek Mathew, head of asset management for Antares.
  • As of June 30, 2023, the firm has approximately $12 billion of assets under management across 12 private credit CLOs.
  • Amid the strong momentum of its Liquid Credit platform, the firm also appointed three new senior executives, including:
    Rob Davis – Managing Director, Liquid Credit.

MainStreet Bank Inaugurates Its Avenu Software as a Service (SaaS) Technology with Its First Client, SafariPay

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수요일, 10월 18, 2023
As a service, Family, Mainstreet Bank Limited, Software, Friends, Safety, European, Software as a service, Mobile phone, Avenue Capital Group, Service

FAIRFAX, Va., Oct. 18, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, announces the launch of Avenu's fully integrated Software as a Service (SaaS) technology along with its first client on the new solution—SafariPay.

Key Points: 
  • FAIRFAX, Va., Oct. 18, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, announces the launch of Avenu's fully integrated Software as a Service (SaaS) technology along with its first client on the new solution—SafariPay.
  • The Avenu team announced that SafariPay's global money transmittance service known as PaySii is its first onboarded client.
  • The Avenu team relied upon its collective experience with traditional Banking as a Service (BaaS) clients as a baseline to design and build its new SaaS technology.
  • The design fully integrated digital tools into Avenu's SaaS technology that are aligned with best practices for safety and soundness and compliance purposes.

Mill Point Capital Completes Sale of Avenu Insights & Analytics

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화요일, 10월 3, 2023
Technology, Finance, Consulting, Professional Services, Public Policy, Government, Business, Software, State, Local, Data Analytics, Data Management, Operation, Partnership, Health, Sale, Acquisition, Partner, Corporate services, Growth, Orange Business Services, Arlington Capital Partners, ACP, Airline, Management, Avenue Capital Group

Mill Point Capital LLC (“Mill Point Capital”), a private equity firm focused on control-oriented investments in the Business Services, Industrials and IT Services sectors, announced today the sale of Avenu Insights & Analytics (“Avenu”), a global leader in revenue enhancement and administration solutions for state and local governments, to Arlington Capital Partners (“ACP”), a Washington, DC-based private equity firm.

Key Points: 
  • Mill Point Capital LLC (“Mill Point Capital”), a private equity firm focused on control-oriented investments in the Business Services, Industrials and IT Services sectors, announced today the sale of Avenu Insights & Analytics (“Avenu”), a global leader in revenue enhancement and administration solutions for state and local governments, to Arlington Capital Partners (“ACP”), a Washington, DC-based private equity firm.
  • ACP is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, business services and software.
  • “Mill Point created Avenu through two corporate carveout transactions – the 2017 acquisition of PRA’s Government Services division and the 2018 purchase of Conduent’s Local and Municipal Government Software Solutions business.
  • “We highly value our joint accomplishments with the Avenu team which have positioned the company for long-term growth and market leadership,” said Chris Hearing, Partner, Operations of Mill Point Capital.

Arlington Capital Partners Announces the Acquisition of Avenu Insights & Analytics

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월요일, 10월 2, 2023
Technology, Payments, Finance, Banking, Professional Services, Public Policy, Government, Software, Small Business, State, Local, Data Management, Arlington Capital Partners, Sheppard, Mullin, Richter & Hampton, Tax, Lincoln International, Cryptocurrency, Avenue Capital Group

Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, today announced that it has acquired Avenu Insights & Analytics (“Avenu” or the “Company”), a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments, from Mill Point Capital.

Key Points: 
  • Arlington Capital Partners (“Arlington”), a Washington, DC-area private equity firm, today announced that it has acquired Avenu Insights & Analytics (“Avenu” or the “Company”), a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments, from Mill Point Capital.
  • Headquartered in Centreville, VA, Avenu provides innovative software solutions that help the government recover revenue and manage day-to-day operations and administration.
  • Avenu employs over 600 individuals and serves more than 4,000 customers across the US and Canada.
  • We are excited to partner with Paul Colangelo and the broader Avenu leadership team as we further invest in and grow the business.”
    Paul Colangelo, CEO of Avenu, said, “Partnering with Arlington Capital is an important step in Avenu’s growth trajectory.

Beyond Air® Reports Financial Results for First Quarter of Fiscal Year 2024

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목요일, 8월 10, 2023
COPD, Advanced Science, UNO, Conference call, Spectrum, Calendar, DSM-IV codes, NOS1, Avenue Capital Group, Trial of the century, Hospital, NTM, Nontuberculous mycobacteria, Patient, Atmosphere of Earth, ASD, VCAP, Research, FDA, Conference, Pneumonia, Vaccine, Pharmaceutical industry, Cryptocurrency

“We concluded the first quarter of our fiscal year 2024 with LungFit PH adopted as the nitric oxide system of choice at several hospitals in the United States.

Key Points: 
  • “We concluded the first quarter of our fiscal year 2024 with LungFit PH adopted as the nitric oxide system of choice at several hospitals in the United States.
  • Our commercial team has implemented training programs and support at each of these hospitals, and report that LungFit PH has been well received.
  • General and administrative expenses for the three months ended June 30, 2023 and June 30, 2022 were $10.9 million and $8.2 million, respectively.
  • As of June 30, 2023, the Company had cash, cash equivalents and marketable securities of $57.0 million and $2.7 million in restricted cash.

Ameresco Secures Four Battery Energy Storage Design/Build Project Contracts Totaling 379MWH with Middle River Power at California Gas Power Plants

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목요일, 7월 6, 2023
Environment, Technology, Other Energy, Utilities, Other Technology, Oil, Gas, Alternative Energy, Green Technology, Energy, Batteries, Solar energy, EVP, NYSE, AMRC, MRP, Avenue Capital Group, Erongo Battery Energy Storage System, BESS, Renewable energy

These four co-located energy storage projects, to be sited at gas power plants owned by Middle River Power (MRP), an independent power company wholly owned by Avenue Capital, are designed to add 379 megawatt-hours (MWHs) to the California grid.

Key Points: 
  • These four co-located energy storage projects, to be sited at gas power plants owned by Middle River Power (MRP), an independent power company wholly owned by Avenue Capital, are designed to add 379 megawatt-hours (MWHs) to the California grid.
  • The installation of these large-scale energy storage systems will enhance the efficiency of MRP’s natural gas power plants, leading to emission reduction and the provision of needed resource adequacy capacity to the California power grid.
  • The four energy storage projects are in support California’s efforts to achieve the 100% renewable energy goal by 2045.
  • “Energy storage is pivotal for ensuring resource adequacy and resiliency in California,” said Britta MacIntosh, EVP and General Manager of West and Europe Regions, Ameresco.