AllianceBernstein

BTIG Grows Capital Introduction Team

Retrieved on: 
Tuesday, April 9, 2024
Banking, Professional Services, Finance, Capital introduction, Morgan Stanley, Capital, AllianceBernstein, Financial services

BTIG announced today that its Capital Introduction team has hired Gerry Reilly and Colin Morse as Directors and Allison Walters as an Associate.

Key Points: 
  • BTIG announced today that its Capital Introduction team has hired Gerry Reilly and Colin Morse as Directors and Allison Walters as an Associate.
  • “We are thrilled to welcome Gerry, Colin and Allison to the BTIG Capital Introduction team,” said Ms. Lucas.
  • Prior to joining BTIG, Mr. Reilly worked on the Capital Introduction team at Morgan Stanley where he partnered with hedge fund clients across strategies and hedge fund allocators to assist in capital raising needs.
  • Over the past 12 months, BTIG Capital Introduction professionals have facilitated over 3,000 manager-to-investor introductions.

KBRA Assigns Preliminary Ratings to ABPCI Direct Lending Fund ABS IV LP

Retrieved on: 
Monday, March 25, 2024
Banking, Professional Services, Finance, AllianceBernstein, Lisp (programming language), Class, KBRA

KBRA assigns preliminary ratings to three classes of notes issued by ABPCI Direct Lending Fund ABS IV LP (“ABPCI IV”), a securitization backed by a portfolio of recurring revenue loans, middle market loans, and hybrid asset-based loans.

Key Points: 
  • KBRA assigns preliminary ratings to three classes of notes issued by ABPCI Direct Lending Fund ABS IV LP (“ABPCI IV”), a securitization backed by a portfolio of recurring revenue loans, middle market loans, and hybrid asset-based loans.
  • ABPCI IV is an approximate $300.0 million securitization managed by AB Private Credit Investors LLC (“ABPCI” or the “Collateral Manager”).
  • ABPCI is an investment adviser and a subsidiary of Alliance Bernstein L.P., established in 2014.
  • ABPCI’s direct lending platform has over $25 billion in gross commitments across over 550 transactions and $16 billion of capital available for investment.

Luminary Announces Closing of Convertible Note and Rudy Adolf as Board Advisor

Retrieved on: 
Thursday, April 4, 2024
OpenGov, Partnership, Trust, Wealth management, AllianceBernstein, Focus Financial Partners, AI, Luminary, RIAS, Investment, Cryptocurrency

NEW YORK, April 4, 2024 /PRNewswire/ -- Luminary Platforms, Inc. today announced closing of convertible note proceeds at full capacity. The financing was led by existing investors 8VC, Focus Financial Partners and Rockefeller Asset Management's Fintech Innovation Fund. Ruediger "Rudy" Adolf, founder and former CEO of Focus Financial Partners, participating personally, was also a leader among the investor group and will join the board as an advisor. Luminary received investments at the note's capacity limit from other new investors, including family offices and strategic partners.

Key Points: 
  • Luminary Platforms, Inc. has closed convertible note financing led by existing investors 8VC, Focus Financial Partners and Rockefeller Asset Management.
  • Additionally, after making a personal investment, Rudy Adolf, founder and former CEO of Focus Financial Partners, will join Luminary's board as an advisor.
  • NEW YORK, April 4, 2024 /PRNewswire/ -- Luminary Platforms, Inc. today announced closing of convertible note proceeds at full capacity.
  • Ruediger "Rudy" Adolf, founder and former CEO of Focus Financial Partners, participating personally, was also a leader among the investor group and will join the board as an advisor.

The Taiwan Fund, Inc. Announces the Passing of Director Thomas G. Kamp

Retrieved on: 
Friday, March 22, 2024
Methodist University, AB, TWN, AllianceBernstein, Engineering, Investment, Chairperson, Fund, Audit committee

BOSTON, March 22, 2024 /PRNewswire/ -- The Board of Directors of the Taiwan Fund, Inc. (TWN) (the "Fund"), is saddened to announce the passing of Thomas G. Kamp, Director of the Fund, on March 20, 2024.

Key Points: 
  • BOSTON, March 22, 2024 /PRNewswire/ -- The Board of Directors of the Taiwan Fund, Inc. (TWN) (the "Fund"), is saddened to announce the passing of Thomas G. Kamp, Director of the Fund, on March 20, 2024.
  • Tom joined the Board in 2018 after a distinguished career as a portfolio manager at AllianceBernstein (now AB) and President, Chief Investment Officer and Director of Cornerstone Capital Management LLC.
  • Tom was much more than an amazing Board member who chaired our Audit Committee with diligence and precision.
  • The Fund is a diversified closed-end investment company, which seeks long term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange.

AllianceBernstein Selects SUBSCRIBE to Chart Digital Transformation Journey for Alternative Investments

Retrieved on: 
Tuesday, March 19, 2024
AB, AllianceBernstein, Growth, Investment, Cryptocurrency

"Alternative investments are a growing part of the solution set we offer to clients.

Key Points: 
  • "Alternative investments are a growing part of the solution set we offer to clients.
  • Today, AB manages more than $60 billion across our private credit, real estate, and hedge fund solutions businesses.
  • "We are privileged to work closely with AB to push forward their private markets digital transformation strategy," said Rafay Farooqui Founder and CEO of SUBSCRIBE.
  • This migration from the traditional 60/40 portfolio to a 40/30/30 private alternatives enhanced portfolio stands to deliver over $10 trillion to alternative investments managers over the next decade.

The Inner Circle Rosalie acknowledges Mignano-Aste as a Pinnacle Professional

Retrieved on: 
Monday, March 11, 2024
Real estate, Growth, IMG, AllianceBernstein, Associate, Iona University, International Facility Management Association, Business administration, Westchester Community College, Endeavour, Strategic planning, Pinnacle, Museum of Modern Art, Woman, Love, Museum, Multimedia, Inner circle

SOMERS, N.Y., March 11, 2024 /PRNewswire/ -- Prominently featured in The Inner Circle, Rosalie Mignano-Aste is acknowledged as a Pinnacle Professional for her contributions to the field of Real Estate.

Key Points: 
  • SOMERS, N.Y., March 11, 2024 /PRNewswire/ -- Prominently featured in The Inner Circle, Rosalie Mignano-Aste is acknowledged as a Pinnacle Professional for her contributions to the field of Real Estate.
  • The business professional notes that this is what separates her in the marketplace while most others handle only real estate, design, or construction.
  • Upon reflection of her success, she attributes that to her love for the profession, drive, and desire to do well and progress.
  • Alongside her role at Endeavor, Ms. Mignano-Aste is vice president of corporate real estate and facilities management at IMG.

Equitable Holdings Announces New Leadership Appointments

Retrieved on: 
Tuesday, March 5, 2024
Finance, Consulting, Banking, Professional Services, Insurance, Investment, AllianceBernstein, Retirement, Equitable Holdings, Computer science, Courage, Risk management, Public, Princeton University, CFA, Society, IPO, FSA, University, Judgement, Oliver Wyman, Statistics, Equitable, Capital, Columbia University, Liquidity, Head, Sarfati, Management

Equitable Holdings, Inc. ( NYSE:EQH ), the financial services holding company comprised of Equitable and AllianceBernstein , today announced new leadership appointments as the company continues to deliver on its strategic growth plans and deliver value for its stakeholders.

Key Points: 
  • Equitable Holdings, Inc. ( NYSE:EQH ), the financial services holding company comprised of Equitable and AllianceBernstein , today announced new leadership appointments as the company continues to deliver on its strategic growth plans and deliver value for its stakeholders.
  • Julia Zhang has been named the company’s Chief Risk Officer, effective April 1, pending approval from the Equitable Holdings Board of Directors.
  • Zhang will report to Mark Pearson, President and Chief Executive Officer of Equitable Holdings, and join the company’s Management Committee.
  • His sound judgment and leadership helped Equitable navigate times of volatility and uncertainty.”
    Prior to his role as Equitable Holdings Chief Risk Officer, Sarfatti served as Head of Strategy for the company’s Retirement and Wealth Management businesses.

AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries

Retrieved on: 
Friday, February 23, 2024
Finance, Data Analytics, Professional Services, Other Professional Services, Insurance, AllianceBernstein, Equitable Holdings, Long-Term Capital Management, ALL, Swings, FSR, Risk management, Partnership, News, AM Best, Equitable Life, Good, Credit, Security (finance)

Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Equitable Holdings, Inc. (Delaware).

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Equitable Holdings, Inc. (Delaware).
  • The ratings reflect Equitable Life Group’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
  • Equitable Life Group’s ratings are attributable to its appropriate level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

Claroty Secures $100 Million in Strategic Growth Financing

Retrieved on: 
Wednesday, March 6, 2024
Knowledge, Cloud, Schneider Electric, Amtrak, AllianceBernstein, Weizmann, CrowdStrike, Recognition, Magic Quadrant, Professional, Research, Risk management, VRM, IBM, SPARK, Operational technology, Growth, Silicon, Public sector, Rockwell Automation, ServiceNow, Software as a service, Organization, SVB, NTT Data, First Citizens BancShares, Silicon Valley Bank, Publication, CPS, Security Service, AWS

NEW YORK, March 6, 2024 /PRNewswire/ -- Claroty, the cyber-physical systems protection company, today announced it has secured $100 million in strategic growth financing. Participants include lead equity investor Delta-v Capital, as well as AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank. Combined with Claroty's existing $635 million in funding to date, this new financing further establishes the company's leadership position in the critical infrastructure cybersecurity market.

Key Points: 
  • Up-round investment to accelerate vertical and regional expansion, product innovation, and strategic partnerships
    NEW YORK, March 6, 2024 /PRNewswire/ -- Claroty , the cyber-physical systems protection company, today announced it has secured $100 million in strategic growth financing.
  • Combined with Claroty's existing $635 million in funding to date, this new financing further establishes the company's leadership position in the critical infrastructure cybersecurity market.
  • The financing comes shortly after a momentous year for Claroty, which now works with 20% of the Fortune 100.
  • "The New York Corporate Banking team is excited to support Claroty with this new strategic growth financing," said Sameer Paul, Director of Silicon Valley Bank.

BNP Paribas Exane Grows Global Team with Five Senior US Analyst Appointments

Retrieved on: 
Wednesday, February 14, 2024
Banking, Asset Management, Professional Services, Finance, Cortex, Research, Haitong Securities, Wellington Management Company, Research fellow, UBS, University, Hamilton College, Health care, Musical composition, Mathematics, BNP Paribas, Software, MBA, CFA, LATAM, Analyst, JPMorgan Chase, Consumer, Société Générale, Jefferies, Partnership, University of Scranton, Household, London Business School, Accounting, Automation, University of York, Barclays, Institutional Investor, AllianceBernstein, Deutsche Bank, Brooklyn College, Internet of things, TMT, International finance, Canaccord Genuity, Rutgers University, Morgan Stanley, Credit Suisse, Partner (business rank), Drink, Credit, Security (finance)

Sam has been with BNP Paribas Exane for eight years, and previously based in London where he was the Sector Head for Telecom Research.

Key Points: 
  • Sam has been with BNP Paribas Exane for eight years, and previously based in London where he was the Sector Head for Telecom Research.
  • Prior to joining BNP Paribas Exane in 2015, he spent five years at Sanford Bernstein on the European telecom research team.
  • Today’s appointments deliver on this ambition and are also another step in building out our BNP Paribas Exane US Research.
  • In 2021 BNP Paribas acquired 100 percent of Exane following a successful 17-year partnership and in November 2022, BNP Paribas launched BNP Paribas Exane in the US.