Oaktree Capital Management

Cordillera Appoints Zankhna Vasha as Chief Financial Officer

Retrieved on: 
Tuesday, December 5, 2023
Banking, Asset Management, Professional Services, Finance, Loyola Marymount University, Silicon Valley Bank, CFO, University of Mumbai, Silicon, Commerce, History, Culture, MBA, University, Oaktree Capital Management, Virtus Investment Partners, Security (finance)

Cordillera Investment Partners (“Cordillera”), an investment management firm that exclusively invests in niche, non-correlated assets, today announced that Zankhna Vasha has joined as Chief Financial Officer (“CFO”), effective December 1, 2023.

Key Points: 
  • Cordillera Investment Partners (“Cordillera”), an investment management firm that exclusively invests in niche, non-correlated assets, today announced that Zankhna Vasha has joined as Chief Financial Officer (“CFO”), effective December 1, 2023.
  • Ms. Vasha is based in San Francisco, where Cordillera is headquartered, and reports directly to the firm’s three co-managing partners Agustin ‘Gus’ Araya, Chris Heller and Ashley Marks.
  • “We are excited to welcome Zankhna to Cordillera.
  • “Zankhna brings a proven track record of financial leadership and strategic acumen, which aligns with our company’s vision and growth ambitions.

U.S. Court of Appeals for the Second Circuit Upholds that Nuveen-Advised Closed-End Funds Violated the Investment Company Act of 1940

Retrieved on: 
Friday, December 1, 2023
Finance, Consulting, Banking, Professional Services, Asset Management, NYSE, JSD, Policy, JRO, Appellate court, Amendment, Boaz Weinstein, Trustee, JGH, NSL, District court, Person, Judgement, JFR, Oaktree Capital Management, Financial adviser, Security (finance), Nuveen

The District Court subsequently issued a summary judgment ruling in favor of Saba and invalidated the actions of Nuveen and the Funds’ trustees.

Key Points: 
  • The District Court subsequently issued a summary judgment ruling in favor of Saba and invalidated the actions of Nuveen and the Funds’ trustees.
  • The Court’s decision on November 30, 2023, upholds the District Court’s ruling that Nuveen’s practice of vote stripping is unlawful.
  • Boaz Weinstein, Founder and Chief Investment Officer of Saba, commented:
    “Federal law is unambiguous in the protections it provides shareholders.
  • These Funds’ trustees, who are clearly unfit to serve as fiduciaries, should resign immediately and never again serve on boards.

Whistle Express Car Wash Launches Across the Midwest and Southeast

Retrieved on: 
Tuesday, December 12, 2023
Investment, Bojangles (restaurant), Magnolia, Oaktree Capital Management, Water, Retail

CHARLOTTE, N.C., Dec. 11, 2023 /PRNewswire/ -- Magnolia Wash Holdings is now Whistle Express Car Wash, unifying more than 100 car wash locations from a variety of local and regional chains and independent operators under one cohesive brand, offering customers an elevated wash experience, no matter where their travels take them within the company's nine-state footprint.

Key Points: 
  • CHARLOTTE, N.C., Dec. 11, 2023 /PRNewswire/ -- Magnolia Wash Holdings is now Whistle Express Car Wash , unifying more than 100 car wash locations from a variety of local and regional chains and independent operators under one cohesive brand, offering customers an elevated wash experience, no matter where their travels take them within the company's nine-state footprint.
  • Now, all 200,000 of the brand's Unlimited Wash Club members can leverage their memberships at any location, ensuring a consistent, top-notch wash experience anytime, anywhere.
  • "Wherever they may find themselves, our customers will come to know that the Whistle Express brand is synonymous with quality and efficiency."
  • Whistle Express locations will also use state-of-the-art technology that reclaims 85 percent of the water used in a wash and uses 91 percent less water when compared to a home wash.

GrowthCap Announces The Top Private Debt Firms of 2023, The Best Capital Partners To Companies

Retrieved on: 
Wednesday, December 6, 2023
GoldenTree Asset Management, Research, Centerbridge Partners, Culture, Partnership, Thoma Bravo, Growth, Oaktree Capital Management, Golub Capital, Financial services, Bank

NEW YORK, Dec. 6, 2023 /PRNewswire-PRWeb/ -- GrowthCap is pleased to announce The Top Private Debt Firms of 2023. It has been several years since we last ran this awards process and while the private debt market has continued to grow considerably to an estimated $1.5 trillion, the leadership and positioning of firms within the market has varied. Our awards process, based on nomination submissions and further in-depth research, attempts to capture a more holistic view of firms and not simply firms listed by assets under management and/or returns, as those metrics oftentimes do not indicate to a company CEO and management team how good of a partner that firm will be to the company and its long-term success.

Key Points: 
  • NEW YORK, Dec. 6, 2023 /PRNewswire-PRWeb/ -- GrowthCap is pleased to announce The Top Private Debt Firms of 2023.
  • Notably, the other private debt firms being recognized this year are also remarkable partners to corporations.
  • Please join us in recognizing and celebrating the achievements of The Top Private Debt Firms of 2023.
  • Golub Capital, Golden Tree Asset Management, Churchill Asset Management, First Eagle Alternative Credit, Prospect Capital Management, Centerbridge Partners, Vista Credit Partners, Thoma Bravo, H.I.G WhiteHorse, 400 Capital Management, MGG Investment Group, Man Varagon, Multiplier Capital and Star Mountain Capital.

Global Times: Beijing's innovation, opening-up efforts in financial sector more attractive for foreign players

Retrieved on: 
Monday, November 13, 2023
Beijing Financial Street, BMW, Center for Financial Studies, Research, UBS, Daiwa Securities Group, Policy, Bank, Xinhua Daily Telegraph, International Fair, Insurance, Morgan Stanley, National Congress, Renmin University of China, Communist party, Goldman Sachs, Beijing Stock Exchange, BSE, Credit Suisse, Telegraphy, Xinhua Daily, Oaktree Capital Management, Survival, Speech, Real-time, Global Times, Bank of Beijing, JLL, Real estate, Renewable energy, Cryptocurrency

As its business expands, the bank further increased credit support, increasing the amount four times to a total of 10 million yuan.

Key Points: 
  • As its business expands, the bank further increased credit support, increasing the amount four times to a total of 10 million yuan.
  • Neolix's case is an example of Beijing's broad push in accelerating reforms in the financial sector, and better serving the real economy.
  • So far, there are more than 1,900 financial institutions, and 175 companies which have established their headquarters in the area.
  • Along with the continuous opening-up of the country's financial sector, the internationalization of Beijing's local capital market has been significantly improved.

EQS-News: MGI - Media and Games Invest SE: Appointment of Nomination Committee

Retrieved on: 
Tuesday, November 7, 2023
ATTN:, Committee, ISIN, Person, Annual general meeting, Stureplan, Oaktree Capital Management, MGI, SE, Extraordinary general meeting, Nomination, Holding company

MGI - Media and Games Invest SE: Appointment of Nomination Committee

Key Points: 
  • MGI - Media and Games Invest SE: Appointment of Nomination Committee
    The issuer is solely responsible for the content of this announcement.
  • October 27, 2023 - MGI - Media and Games Invest SE ("MGI" or the "Company", ISIN: SE0018538068; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange) announces that the members of the Nomination Committee have been appointed.
  • The fourth member of the Nomination Committee shall be the Chairman of the Board of Directors of the Company.
  • Shareholders who wish to submit proposals to the Nomination Committee can do so by mail to;
    MGI – Media and Games Invest SE, attn.

MGI - Media and Games Invest SE: Appointment of Nomination Committee

Retrieved on: 
Tuesday, November 7, 2023
ATTN:, Committee, ISIN, Person, Annual general meeting, Stureplan, Oaktree Capital Management, MGI, SE, Extraordinary general meeting, Holding company

MGI - Media and Games Invest SE: Appointment of Nomination Committee

Key Points: 
  • MGI - Media and Games Invest SE: Appointment of Nomination Committee
    October 27, 2023 - MGI - Media and Games Invest SE ("MGI" or the "Company", ISIN: SE0018538068; Ticker M8G; Nasdaq First North Premier Growth Market and Scale Segment Frankfurt Stock Exchange) announces that the members of the Nomination Committee have been appointed.
  • In accordance with the decision of the Extraordinary General Meeting of November 01, 2022, regarding the principles and instructions for the Nomination Committee of MGI, the three largest shareholders of the Company have the right to appoint one member of the Nomination Committee each.
  • The fourth member of the Nomination Committee shall be the Chairman of the Board of Directors of the Company.
  • Shareholders who wish to submit proposals to the Nomination Committee can do so by mail to;
    MGI – Media and Games Invest SE, attn.

Seres Therapeutics Reports Third Quarter 2023 Financial Results Including VOWST™ Net Sales of $7.6 Million

Retrieved on: 
Thursday, November 2, 2023
Biotechnology, General Health, Other Health, Health, Genetics, Gastroenterology, FDA, Research, Sale, Clostridioides, Clostridioides difficile infection, David Berry (inventor), CDI, Therapy, Nestlé, Workforce, Infection, Oak Tree, Growth, Oaktree Capital Management, Disease, Medicine, Risk, Recurrence, Term loan, Investment, Patient, Variometer, Pharmaceutical industry, Antibiotics, Nursing, Collaboration

Seres Therapeutics, Inc. (Nasdaq: MCRB), a leading microbiome therapeutics company, today reported financial results for the third quarter ended September 30, 2023, including VOWST net sales of $7.6 million.

Key Points: 
  • Seres Therapeutics, Inc. (Nasdaq: MCRB), a leading microbiome therapeutics company, today reported financial results for the third quarter ended September 30, 2023, including VOWST net sales of $7.6 million.
  • Seres anticipates incurring a one-time charge of $5.0-$5.5 million in the fourth quarter of 2023, primarily related to the workforce reduction.
  • Seres reported a net loss of $47.9 million for the third quarter of 2023, as compared with a net loss of $60.0 million for the same period in 2022.
  • Net sales of VOWST for the third quarter of 2023, the first full quarter following launch, were $7.6 million based on 506 units.

Saber Power Services Acquired by Greenbelt Capital Partners

Retrieved on: 
Wednesday, November 1, 2023
Construction & Property, Finance, Other Energy, Engineering, Utilities, Professional Services, Alternative Energy, Manufacturing, Energy, Other Construction & Property, Inflation Reduction Act of 2022, Ageing, Weather, Blackstone Credit, StepStone Group, History, IRA, Acquisition, Maintenance, Infrastructure Investment and Jobs Act, Kirkland & Ellis, Senior, Growth, Oaktree Capital Management, LLP, IIJA, Partnership, Latham & Watkins, Safety, Inflation, Capital, Renewable energy, Sabre, Green belt

Saber Power Services, LLC, (“Saber” or the “Company”), a fully integrated, substation and medium-to-high-voltage infrastructure services platform, announced today that an investor group led by Greenbelt Capital Management L.P. (“Greenbelt” or “Greenbelt Capital Partners”), in partnership with funds managed by Schroders Capital, StepStone Group and Wafra Inc., has completed their acquisition of the Company from funds managed by Oaktree Capital Management, L.P. (“Oaktree”).

Key Points: 
  • Saber Power Services, LLC, (“Saber” or the “Company”), a fully integrated, substation and medium-to-high-voltage infrastructure services platform, announced today that an investor group led by Greenbelt Capital Management L.P. (“Greenbelt” or “Greenbelt Capital Partners”), in partnership with funds managed by Schroders Capital, StepStone Group and Wafra Inc., has completed their acquisition of the Company from funds managed by Oaktree Capital Management, L.P. (“Oaktree”).
  • Saber offers deep subject matter expertise utilizing an engineering-led and customer-centric approach to delivering critical services.
  • Brian Bratton, CEO of Saber, said, “With over a decade of experience, the Saber Power team has demonstrated its ability to provide a safe, reliable and high-performance service offering that excels in complex environments.
  • Chris Murphy, Partner at Greenbelt, said, “Grid enablement and modernization is a key sector focus at Greenbelt.

Colbeck Capital to Attend SuperReturn Private Credit US 2023

Retrieved on: 
Tuesday, October 31, 2023
Banking, Professional Services, Finance, Partner (business rank), Business development, Oaktree Capital Management, Conference, Bank

Colbeck Capital Management, a leading middle-market private credit firm focused on strategic lending, is pleased to share that Jason Beckman, Colbeck’s Co-Founder and Managing Partner , and Alex Sarver, Colbeck’s Head of Investor Relations and Business Development , will be attending SuperReturn Private Credit US to be held November 6th-7th, 2023, at the Marriot Marquis in New York City.

Key Points: 
  • Colbeck Capital Management, a leading middle-market private credit firm focused on strategic lending, is pleased to share that Jason Beckman, Colbeck’s Co-Founder and Managing Partner , and Alex Sarver, Colbeck’s Head of Investor Relations and Business Development , will be attending SuperReturn Private Credit US to be held November 6th-7th, 2023, at the Marriot Marquis in New York City.
  • The conference will bring together leaders in U.S. private credit to discuss the latest perspectives on unsponsored and sponsored direct lending, private credit capital formation, niche and specialty finance strategies, secondaries, distressed debt, special situations and more.
  • Mr. Beckman commented, “In today’s market environment, we are seeing a significant uptick in companies turning to non-bank lenders for their financing needs.
  • We look forward to connecting with our industry peers next week to discuss the latest trends in private credit and what to expect in the year ahead.”
    Conference attendees will be given the opportunity to network with 400+ senior decision makers of some of the industry’s most influential and fastest-growing firms.