Capital Group Companies

Z Capital Credit Partners ("ZCCP") Announces Closing of $331.3 Million BSL CLO

Retrieved on: 
Monday, March 4, 2024
Banking, Asset Management, Professional Services, Finance, CLO, L.L.C, Capital Group Companies, Credit, Multimedia, Cryptocurrency

Z Capital Credit Partners, L.L.C.

Key Points: 
  • Z Capital Credit Partners, L.L.C.
  • ("ZCCP"), the credit fund management platform of Z Capital Group, L.L.C.
  • ("ZCG"), today announced the closing of a $331.3 million collateralized loan obligation (“CLO”) managed by its affiliate, Z Capital CLO Management, L.L.C.
  • ("Z Capital CLO Management").

Aviation Capital Group Announces Delivery of One A321neo to Volaris

Retrieved on: 
Thursday, February 29, 2024
Air, Transport, Other Transport, Airbus, Aviation, Capital Group Companies, Sale, Pratt & Whitney PW1000G, Multimedia, ACG, Pacific Life, Airline

Aviation Capital Group LLC (“ACG”) announced the delivery of one new Airbus A321neo aircraft on long-term lease to Volaris.

Key Points: 
  • Aviation Capital Group LLC (“ACG”) announced the delivery of one new Airbus A321neo aircraft on long-term lease to Volaris.
  • View the full release here: https://www.businesswire.com/news/home/20240229161702/en/
    Airbus A321neo Leased by Aviation Capital Group to Volaris Airlines.
  • In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs.
  • To learn more about the aircraft leasing and aircraft management services offered by ACG, visit www.aviationcapitalgroup.com .

Altria Group, Inc. Announces Retirement of Director Jacinto J. Hernandez From Board of Directors

Retrieved on: 
Monday, February 26, 2024
Tobacco, Retail, Investment, FDA, Food, NJOY, Marketing, Capital Group Companies, MST, Vision, Heated tobacco product, ARIS, PXD, AB InBev, PM, ABI, Helix, Pioneer Natural Resources, Horizon, Smoker

Jacinto J. Hernandez, a director of Altria Group, Inc. (“Altria”), retired from service on our Board of Directors effective February 23, 2024.

Key Points: 
  • Jacinto J. Hernandez, a director of Altria Group, Inc. (“Altria”), retired from service on our Board of Directors effective February 23, 2024.
  • Mr. Hernandez will continue to serve Altria as a strategic advisor under a 5-year advisory services agreement.
  • "We thank Jacinto for his service on our Board," said Kathryn McQuade, Altria’s independent Board Chair.
  • Trademarks related to Altria referenced in this release are the property of Altria or our subsidiaries or are used with permission.

Aviation Capital Group Publishes ESG Report for 2023

Retrieved on: 
Tuesday, February 20, 2024
Professional Services, Environmental, Social and Governance (ESG), Air, Environment, Transport, Sustainability, Finance, Aviation, Biophysical environment, Capital Group Companies, Social, Materiality, ESG, Report, Bank statement, ACG, Social responsibility, Investment, Renewable energy

Aviation Capital Group LLC (“ACG”) announced today the publication of its annual Environmental, Social and Governance (“ESG”) Report, for the year ended December 31, 2023.

Key Points: 
  • Aviation Capital Group LLC (“ACG”) announced today the publication of its annual Environmental, Social and Governance (“ESG”) Report, for the year ended December 31, 2023.
  • “The Report details several initiatives and programs we have established and highlights some of the strategic partnerships and investments we made during 2023.”
    In 2023, ACG carried out its first sustainability materiality assessment, which is detailed in the Report.
  • The insights and perspectives gained from this assessment will shape the trajectory of ACG’s ESG strategy and help frame ACG’s action plan for serving each of its key stakeholders.
  • “It marks a milestone in our journey toward sustainability, demonstrating the concrete steps we are taking as we prepare to implement our ESG action plan."

Paladin Capital Group Introduces Principles and Commitments to Prioritize National Security in Tech Investing During Meeting with White House

Retrieved on: 
Thursday, March 7, 2024
International law, AI, Investment, White, United Nations Security Council, Administration, Safety, Capital Group Companies, NSC, Democracy, Capital, Trust, Partnership, Bank

WASHINGTON, March 7, 2024 /PRNewswire/ -- Today, Paladin Capital Group, a leading multi-stage investor in advanced cyber and AI technologies, announced in a meeting with the White House National Security Council staff and other representatives from across the Executive Office of the President a set of investment principles and commitments that promote innovation while protecting America and its allies' democracies and economies.

Key Points: 
  • These commitments ensure investors take action to put trust, safety, and security at the center of the technological innovation they are creating.
  • Under Paladin's leadership, other important investors – including America's Frontier Fund, Ballistic Ventures, Forgepoint Capital, Gula Tech Adventures, Razor's Edge, Scout Ventures, Shield Capital, and Squadra Ventures – have signed on to the commitments.
  • "Protecting national security and critical infrastructure has been Paladin's priority for more than two decades.
  • Trusted Capital ensures that investment decisions prioritize trust and safety to maximize returns and ensure that technology protects democratic institutions.

Healthy Innovation Conference explores the future of the sustainable food industry

Retrieved on: 
Thursday, February 29, 2024
Tao, Multimedia, Ethics, Food technology, Conference, Health, WP, Capital Group Companies, Organization, Credit Suisse, PwC, Knowledge, Agriculture, Food industry, Partnership

DUBAI, UAE, Feb. 29, 2024 /PRNewswire/ -- The inaugural Healthy Innovation Conference (HiConf) opened its doors today in Dubai, UAE, to provide an immersive and insightful journey into the realm of food technology and alternative proteins. The one-day event is the first summit in the MENA region that is wholly focused on new and improved food solutions that bring transformative benefits to the health of people and the planet.

Key Points: 
  • This year's HiConf agenda focuses on emerging food market trends, evolving consumer behaviors, breakthroughs in alternative proteins, sustainable production solutions, and changing ethics that are reshaping the food industry.
  • From government leaders to investors, academics, and entrepreneurs, more than 500 attendees are participating in the inaugural event.
  • "From alternative and sweet proteins to the latest technologies in food sustainability and cellular nutrition, we are taking on the responsibility for human and planetary health.
  • Through the Healthy Innovation Conference, we aim to accelerate the world's shift towards healthy and environmentally conscious diets," says Alaa Al Ali, Board Member at Novel Foods Group.

Healthy Innovation Conference explores the future of the sustainable food industry

Retrieved on: 
Thursday, February 29, 2024
Tao, Ethics, Food technology, Conference, Health, WP, Capital Group Companies, Organization, Credit Suisse, PwC, Knowledge, Agriculture, Food industry, Partnership

DUBAI, UAE, Feb. 29, 2024 /PRNewswire/ -- The inaugural Healthy Innovation Conference (HiConf) opened its doors today in Dubai, UAE, to provide an immersive and insightful journey into the realm of food technology and alternative proteins. The one-day event is the first summit in the MENA region that is wholly focused on new and improved food solutions that bring transformative benefits to the health of people and the planet.

Key Points: 
  • This year's HiConf agenda focuses on emerging food market trends, evolving consumer behaviors, breakthroughs in alternative proteins, sustainable production solutions, and changing ethics that are reshaping the food industry.
  • "From alternative and sweet proteins to the latest technologies in food sustainability and cellular nutrition, we are taking on the responsibility for human and planetary health.
  • Through the Healthy Innovation Conference, we aim to accelerate the world's shift towards healthy and environmentally conscious diets," says Alaa Al Ali, Board Member at Novel Foods Group.
  • HiConf is organized by WP Human Capital Group with Novel Foods Group as the main sponsor, held in partnership with dfv Conference Group, PwC, and other well-known organizations.

Capital Group Issues Capital Market Assumptions

Retrieved on: 
Friday, February 23, 2024
GDP, Capital Group Companies, CMAS, LOS, Airline

LOS ANGELES, Feb. 23, 2024 /PRNewswire/ -- Capital Group, one of the world's largest and most experienced active investment managers, issued its 2024 Capital Market Assumptions (CMAs), which represent the company's long-term expectations for returns, as well as correlations and volatilities of major asset classes over a 20-year time horizon. Capital Group's CMAs serve as the foundational inputs for the quantitative models that inform the firm's solutions offerings, including model portfolios, and its target date series, which serves nearly 10 million US households.

Key Points: 
  • 2024 report notes outlook is positive for long-term investors; assumptions are higher for bonds
    LOS ANGELES, Feb. 23, 2024 /PRNewswire/ -- Capital Group, one of the world's largest and most experienced active investment managers, issued its 2024 Capital Market Assumptions (CMAs), which represent the company's long-term expectations for returns, as well as correlations and volatilities of major asset classes over a 20-year time horizon.
  • Capital Group's CMAs serve as the foundational inputs for the quantitative models that inform the firm's solutions offerings, including model portfolios, and its target date series, which serves nearly 10 million US households.
  • "Overall, the outlook is still bright for long-term investors and bonds are better poised to play their role as an equity diversifier in the years ahead," said Maddi Dessner, Head of Global Asset Class Services, Capital Group.
  • Based on its 2024 Capital Markets Assumptions, Capital Group expects:
    6.9% annualized return for U.S. equities over a 20-year horizon, supported by estimates of GDP growth greater than 2%, increased innovation and enhanced productivity gains.

Cablecraft Motion Controls Acquires Radial Bearing Corp.

Retrieved on: 
Tuesday, February 20, 2024
Acquisition, Capital Group Companies, Aerospace, Assembly, Cable, PTFE

BOLIVAR, Ohio, Feb. 20, 2024 /PRNewswire/ -- Cablecraft Motion Controls ("Cablecraft"), a Torque Capital Group portfolio company, announced today that it has completed the purchase of Radial Bearing Corp. ("Radial"), a leading designer and manufacturer of rod ends and spherical bearings.  Based in Danbury, Conn., Radial has a rich history of delivering engineered solutions in the aerospace, defense, and industrial markets.

Key Points: 
  • Latest acquisition makes Cablecraft a leading provider of rod ends and spherical bearings in aerospace and defense markets.
  • BOLIVAR, Ohio, Feb. 20, 2024 /PRNewswire/ -- Cablecraft Motion Controls ("Cablecraft"), a Torque Capital Group portfolio company, announced today that it has completed the purchase of Radial Bearing Corp. ("Radial"), a leading designer and manufacturer of rod ends and spherical bearings.
  • Based in Danbury, Conn., Radial has a rich history of delivering engineered solutions in the aerospace, defense, and industrial markets.
  • "The acquisition of Radial provides an opportunity for Cablecraft to expand our product offerings and end markets further strengthening our existing Linkage product line based in New Haven, Ind.," said Daniel Pappano, chief executive officer of Cablecraft.

Mission Lane Names Brandon Black as CEO

Retrieved on: 
Thursday, February 15, 2024
Software, Internet, Finance, Banking, Data Management, Professional Services, Technology, Fintech, Holdaway, Mission, Capital One, Investment, Growth, Fraud, Encore Capital Group, Capital Group Companies, Special, Black, Management

Mission Lane , a purpose-driven consumer fintech company, today announced that its Board of Directors has appointed Brandon Black as Chief Executive Officer.

Key Points: 
  • Mission Lane , a purpose-driven consumer fintech company, today announced that its Board of Directors has appointed Brandon Black as Chief Executive Officer.
  • Mission Lane’s prior CEO, Shane Holdaway, will support the company through the transition as Special Advisor to Black and remains a significant shareholder.
  • “As a board member, it’s been clear to me that everyone at Mission Lane shares an unwavering commitment to deliver better outcomes for the millions of hard-working Americans that are our customers,” said Black.
  • “Brandon and I worked side-by-side to scale Capital One, and he has only grown as a leader since then.