Structured finance

Origis Energy Announces New $750 Million Construction Warehouse Facility

Retrieved on: 
Wednesday, August 16, 2023

MIAMI, Aug. 16, 2023 /PRNewswire/ -- Origis Energy, one of America's leading renewable energy platforms, announced today the close of a $750 million construction warehouse facility. The facility will fund large scale solar and energy storage project construction totaling approximately 2 gigawatts (GW) across 15 states over the next three years.

Key Points: 
  • New facility will fund approximately 2 gigawatts of large scale solar and energy storage in the U.S.
    MIAMI, Aug. 16, 2023 /PRNewswire/ -- Origis Energy , one of America's leading renewable energy platforms, announced today the close of a $750 million construction warehouse facility.
  • The facility will fund large scale solar and energy storage project construction totaling approximately 2 gigawatts (GW) across 15 states over the next three years.
  • The new warehouse facility will fund the construction of solar, storage and colocated solar plus storage projects, with expected completion dates up to 2026.
  • "Origis is in an unprecedented growth cycle fueled by customer demand and the Inflation Reduction Act," said Guy Vanderhaegen, Chief Executive Officer & President, Origis Energy.

KBRA To Leverage T-REX Platform for Private Credit ABS Data Services

Retrieved on: 
Wednesday, July 19, 2023

KBRA is pleased to announce that it will partner with fintech firm T-REX to further build its data infrastructure that supports the growth of private credit ABS.

Key Points: 
  • KBRA is pleased to announce that it will partner with fintech firm T-REX to further build its data infrastructure that supports the growth of private credit ABS.
  • KBRA believes the growing trend towards the use of private credit in ABS is a positive for the market.
  • KBRA’s technology partner, T-REX, provides advanced software and managed data services for asset-backed finance and complex structured finance, and is uniquely positioned with private credit capabilities.
  • “Data fragmentation is a real challenge for investors, lenders, and borrowers alike, as they look to participate in the unprecedented growth of private credit.

Winston & Strawn Boosts D.C. Office's Patent Litigation and Government Investigations Capabilities With Addition of Three Partners

Retrieved on: 
Monday, July 17, 2023

WASHINGTON, July 17, 2023 /PRNewswire/ -- Winston & Strawn LLP today announced that three partners have joined the firm's Washington, D.C., office and Litigation Department.

Key Points: 
  • WASHINGTON, July 17, 2023 /PRNewswire/ -- Winston & Strawn LLP today announced that three partners have joined the firm's Washington, D.C., office and Litigation Department.
  • Scott Border joins the Intellectual Property Practice, while Daniel Chaudoin and Caitlin Mandel join the Government Investigations, Enforcement, and Compliance Practice.
  • "Winston is known for its leadership in patent litigation, and I could not be more pleased to be joining such an experienced team."
  • Winston & Strawn LLP is an international law firm with 16 offices in North America, South America, Asia, and Europe.

Milbank Expands Private Equity and M&A Practices with Addition of Derek Winokur and Edward Lemanowicz

Retrieved on: 
Wednesday, July 12, 2023

NEW YORK, July 12, 2023 /PRNewswire/ -- Milbank LLP is pleased to announce the addition of Derek M. Winokur and Edward P. Lemanowicz as partners, further strengthening the firm's private equity and mergers and acquisitions practices.

Key Points: 
  • NEW YORK, July 12, 2023 /PRNewswire/ -- Milbank LLP is pleased to announce the addition of Derek M. Winokur and Edward P. Lemanowicz as partners, further strengthening the firm's private equity and mergers and acquisitions practices.
  • Mr. Winokur joins the firm's Global Corporate Group and Mr. Lemanowicz joins the Global Tax Group both in New York.
  • "Milbank is known for high-quality practices around the world, and we are thrilled to join the firm," said Mr. Winokur.
  • Mr. Winokur and Mr. Lemanowicz most recently were partners at Dechert LLP, where Mr. Winokur was co-head of the firm's private equity practice.

Hometap Appoints Newman, Gaffney to Senior Roles With Eye Towards Capital Markets

Retrieved on: 
Friday, June 30, 2023

BOSTON, June 30, 2023 /PRNewswire/ -- Hometap, a Boston-based financial technology company that has provided nearly 8,000 homeowners across the U.S. with an innovative, debt-free way to access their home equity, today announced two senior appointments to its executive leadership team, welcoming Cara Newman as Head of Structured Finance and Josh Gaffney as General Counsel. Both new members will report to Hometap Co-Founder and Chief Executive Officer, Jeffrey Glass.

Key Points: 
  • Both new members will report to Hometap Co-Founder and Chief Executive Officer, Jeffrey Glass.
  • Leveraging their collective expertise, the new executives join Hometap's leadership with a mandate to drive innovation, cultivate new partnerships, and ensure the company's continued success.
  • With more than 17 years of legal experience in highly-regulated environments, Gaffney will oversee all strategic and tactical legal initiatives for Hometap.
  • Newman and Gaffney are the latest additions to Hometap's senior leadership, following the recent promotion of Sarah Dekin to President and hiring of Eugene Wong as Chief Financial Officer in the past year.

Altus Power, Inc. Secures Capital to Finance Additional 35 Megawatts of Operating Assets

Retrieved on: 
Tuesday, June 20, 2023

Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it has secured an incremental $47 million in capital from Blackstone.

Key Points: 
  • Altus Power, Inc. (“Altus Power” or the “Company”) (NYSE: AMPS), the premier independent developer, owner and operator of commercial-scale solar facilities, today announced that it has secured an incremental $47 million in capital from Blackstone.
  • This incremental debt will provide long-term fixed rate financing for 35 megawatts of operating assets in Altus Power’s portfolio.
  • “Blackstone continues to be a lender-of-choice for our commercial-scale solar assets driven by their extensive experience underwriting long-term contracted assets across a diversity of industries,” commented Dustin Weber, CFO of Altus Power.
  • “Blackstone Structured Finance has significant capacity to invest and is focused on finding additional opportunities like those that Altus Power continues to originate.”

INTERVEST CAPITAL PARTNERS NAMED 2023 BEST ISLAMIC FUND MANAGER AND BEST ISLAMIC LEASING HOUSE BY EUROMONEY MAGAZINE

Retrieved on: 
Tuesday, May 30, 2023

NEW YORK, May 30, 2023 /PRNewswire/ -- InterVest Capital Partners ("InterVest") is pleased to announce that the firm has been named as the Best Islamic Fund Manager and Best Islamic Leasing House by Euromoney Magazine again for 2023.

Key Points: 
  • NEW YORK, May 30, 2023 /PRNewswire/ -- InterVest Capital Partners ("InterVest") is pleased to announce that the firm has been named as the Best Islamic Fund Manager and Best Islamic Leasing House by Euromoney Magazine again for 2023.
  • InterVest Capital Partners®, formerly known as Wafra Capital Partners, is an SEC registered investment adviser based in New York, focused on asset-based lending, leasing and other structured finance verticals as well as real estate.
  • Since 1999, the firm's Leasing and Finance Program has established over 130 funds with committed capital exceeding USD16 billion.
  • For more information about InterVest Capital Partners, please visit www.intervest.com .

Katten Names Female Investment Management Partner With Untraditional Career Path to Lead New York Office

Retrieved on: 
Thursday, May 18, 2023

Cohen has spent the majority of her career at Katten, which provided invaluable support after she returned from a multiyear hiatus to raise her family.

Key Points: 
  • Cohen has spent the majority of her career at Katten, which provided invaluable support after she returned from a multiyear hiatus to raise her family.
  • She succeeds Structured Finance and Securitization partner Chris DiAngelo, who has served as managing partner since 2013.
  • DiAngelo is credited with managing Katten's increased growth in New York, shepherding that office through the pandemic and guiding its move to a new space in Rockefeller Plaza last year.
  • Katten represents public and private companies in numerous industries, as well as a number of government and nonprofit organizations and individuals.

National Equity Fund (NEF) Announces Promotions and Expanded Roles for Key Senior Leaders

Retrieved on: 
Friday, May 12, 2023

CHICAGO, May 12, 2023 /PRNewswire/ -- National Equity Fund announced a new structure for senior leadership roles to further support its mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing. Driven by the growth of newer capabilities such as Preservation Debt and Equity and GSE Lending combined with an increasingly complex investor market for Low-Income Housing Tax Credits (LIHTC), NEF president and CEO, Matt Reilein, made the announcement to expand and create new leadership roles with existing employees. This new structure will streamline and optimize how NEF will serve its sponsor and investor clients in support of its mission.

Key Points: 
  • CHICAGO, May 12, 2023 /PRNewswire/ -- National Equity Fund announced a new structure for senior leadership roles to further support its mission to create and deliver innovative, collaborative financial solutions to expand the creation and preservation of affordable housing.
  • This new structure will streamline and optimize how NEF will serve its sponsor and investor clients in support of its mission.
  • The following individuals have taken on expanded capabilities in the new structure:
    Reena Bramblett, Senior Vice President, has been promoted to Chief Production Officer, reporting to Matt Reilein.
  • The following key leader's roles have been expanded as follows:
    Mark Siranovic, Senior Vice President, is now the Head of Capital Markets, reflecting NEF's increased focus on capital markets executions for larger LIHTC transactions.

KBRA Announces Key Management Appointments

Retrieved on: 
Monday, May 8, 2023

KBRA is pleased to announce the following senior management appointments.

Key Points: 
  • KBRA is pleased to announce the following senior management appointments.
  • In this newly created role, Rosemary will lead KBRA’s business development effort for the ABS, CMBS, and RMBS sectors.
  • Prior to joining KBRA in 2015, Neglia was Head of Operational Risk Management at MasterCard Worldwide and also spent 15 years at MBIA Insurance Corporation, where he underwrote consumer ABS transactions.
  • Prior to joining KBRA in 2018, Lilien spent 14 years at Goldman Sachs, across both the Investment Banking and Sales & Trading divisions.