LP

Maestro Launches ESG Survey Module for Private Equity Firms Looking to Measure and Track ESG Efforts and Commitments Across Portfolio Company Holdings

Retrieved on: 
Tuesday, April 2, 2024
Microsoft Power BI, Microsoft, ESG, Maestro, McKinsey & Company, LP

NEW YORK, April 2, 2024 /PRNewswire-PRWeb/ -- Maestro, the value creation platform for the private equity industry, today announced the introduction of a new in-platform ESG survey module that enables private equity sponsors to capture, analyze, and visualize ESG-related metrics, initiatives, and activities within individual portfolio companies. Using the new ESG module, sponsors can design customized surveys, field those surveys to the desired respondents at relevant companies, collect and aggregate responses, generate visually compelling dashboards using embedded Power BI, and immediately convert survey results into actions and initiatives. As all activity lives within the Maestro platform, surveys can easily be repeated or replicated to track performance over time.

Key Points: 
  • As all activity lives within the Maestro platform, surveys can easily be repeated or replicated to track performance over time.
  • Two-thirds of respondents to a Bain study of LP investors confirmed that ESG considerations play a role in their investment policies.
  • By establishing benchmarks and tracking performance with a regular cadence, sponsors can better gauge ESG efforts for individual companies or across their portfolios.
  • In addition to informing ESG actions and initiatives, sponsors can also use the Maestro ESG module and its integration with Microsoft PowerBI to generate reports for boards and limited partners.

PREIT Completes Financial Restructuring and Implements Changes to Management and Board

Retrieved on: 
Monday, April 1, 2024
Management, Bankruptcy, Plan, Howard Hughes Corporation, JV, LPT, COVID-19, FDP, PREIT, Brookfield Properties, Vicinity Centres, The Rouse Company, International Council, Realty Income, VEREIT, GGP, ICSC, Fashion District Philadelphia, LP

Trade creditors and property level mortgage debt were unaffected by the restructuring.

Key Points: 
  • Trade creditors and property level mortgage debt were unaffected by the restructuring.
  • As a result of its corporate reorganization and consolidation of equity holders, PREIT is no longer an SEC reporting company.
  • In support of its go-forward business plan, PREIT is also announcing certain changes to its management and Board.
  • Mr. Coradino led PREIT through its comprehensive financial and corporate restructuring as discussed above, and now that such restructuring has been successfully completed, Mr. Coradino will no longer serve as Chief Executive Officer and trustee of PREIT, effective as of April 1, 2024.

Leading healthcare fund manager RA Capital launches biotech ETFs

Retrieved on: 
Monday, April 1, 2024
Algorithm, RAPP, Machine, Patient, Reddit, Child, ETF, CIO, Finger, Congress, General counsel, Poop, Rage, Lawyer, OOP, Nose, Machine learning, Exchange-traded fund, San Jose Sharks, Associate, Bias, POOP, IPO, MD, Insurance, VIXX, Venture, Fed, LP, RAGE, Attention, CFO, Hope, Global catastrophic risk, Opposite Day, Opposite, Institute of Management Accountants, Probability, Medicine

The first ETF that RA Capital will begin trading today is RABB (RA Best Biotech ETF).

Key Points: 
  • The first ETF that RA Capital will begin trading today is RABB (RA Best Biotech ETF).
  • This fund is composed of what RA Capital has termed "core" development-stage biotech companies held by at least one biotech specialist peer fund.
  • "What's long been missing from the menu of biotech ETFs is a fund constructed strictly based on borrowed conviction," said Peter Kolchinsky, a virologist and Managing Partner of the firm.
  • For those who think that specialists have it wrong, RA Capital is also launching the RA Peripheral Portfolio, which will trade under the symbol RAPP.

Oved & Oved LLP Achieves Major Win for The Lawfare Project as Unanimous Federal Jury Recognizes its Co-Ownership of the "ZIONESS" Trademark

Retrieved on: 
Friday, March 29, 2024
Judgement, Lawfare Project, Plaintiff, Lawyer, LP, Patent

Alvin K. Hellerstein, Oved & Oved LLP attorneys Darren Oved, Terrence Oved, Aaron J. Solomon, and Timothy Savitsky scored a resounding victory in defending its client, The Lawfare Project, Inc. ("LP"), against claims it infringed on the federally registered "ZIONESS" trademark.

Key Points: 
  • Alvin K. Hellerstein, Oved & Oved LLP attorneys Darren Oved, Terrence Oved, Aaron J. Solomon, and Timothy Savitsky scored a resounding victory in defending its client, The Lawfare Project, Inc. ("LP"), against claims it infringed on the federally registered "ZIONESS" trademark.
  • Judge Hellerstein's Order and Judgment acknowledged the unanimous jury verdict by stating that "[Plaintiff] and The Lawfare Project, Inc. are equal co-owners of the trademark rights in and to the ZIONESS trademark, with equal rights to use the trademark.
  • " Judge Hellerstein then directed the USPTO to amend the ZIONESS registration to provide that The Lawfare Project, Inc. is a co-registrant and co-owner of the ZIONESS trademark.
  • We look forward to using the ZIONESS trademark in ways that benefit and unite the Jewish community."

WM Partners Announces Investment Team Promotions

Retrieved on: 
Thursday, March 28, 2024
CIO, Health, Environment, Partner (business rank), University, Acquisition, Tulane University, Investment, Senior, International business, National Association, Sunlight, Babson College, LP, Management

Eli Minski, Principal, joined WM Partners in 2015 and is a member of the investment team and one of the first employees of the firm.

Key Points: 
  • Eli Minski, Principal, joined WM Partners in 2015 and is a member of the investment team and one of the first employees of the firm.
  • Jonathan Tarich, Senior Vice President, joined WM Partners in 2016 shortly after the formation of the firm's first fund.
  • He is a long-time member of the investment team with deep involvement in most of the firm's transactions.
  • He is a member of the investment team and supports the deal team by identifying, evaluating, and executing investment opportunities, as well as monitoring existing portfolio companies.

Richmond American Set to Build Homes in New Lake County Community

Retrieved on: 
Tuesday, March 26, 2024
MDC, Magnolia, LP

UMATILLA, Fla., March 26, 2024 /PRNewswire/ -- Richmond American Homes of Florida, LP, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is pleased to announce that it has recently contracted on 101 future homesites in Umatilla, 15 of which have already closed.

Key Points: 
  • UMATILLA, Fla., March 26, 2024 /PRNewswire/ -- Richmond American Homes of Florida, LP, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is pleased to announce that it has recently contracted on 101 future homesites in Umatilla, 15 of which have already closed.
  • The land is set to become Magnolia Pointe, an exciting new Lake County community.
  • Magnolia Pointe will offer nine single- and two-story floor plans from the builder's sought-after Seasons™ Collection ( RichmondAmerican.com/Seasons ), designed to put homeownership within reach for a variety of buyers.
  • Each home in the notable neighborhood will boast desirable features, such as elegant primary suites with private bathrooms, as well as designer-curated finishes and fixtures ( RichmondAmerican.com/Curated ).

Praesidian Capital Successfully Exits Investment in Biologos

Retrieved on: 
Thursday, March 21, 2024
Capital, LP, Financial services

OKLAHOMA CITY, March 21, 2024 /PRNewswire/ -- Praesidian Capital, a private equity firm headquartered in Oklahoma City with offices in New York and London, announced the successful exit of its investment in Biologos Holdings, LLC ("Biologos"), a provider of sterile-filtered biological products for veterinary, pharmaceutical, and medical research applications.

Key Points: 
  • OKLAHOMA CITY, March 21, 2024 /PRNewswire/ -- Praesidian Capital, a private equity firm headquartered in Oklahoma City with offices in New York and London, announced the successful exit of its investment in Biologos Holdings, LLC ("Biologos"), a provider of sterile-filtered biological products for veterinary, pharmaceutical, and medical research applications.
  • Praesidian made an initial investment in Biologos in 2015 through its fifth investment fund, Praesidian Capital Bridge Fund, LP.
  • "We are proud to have been a part of Biologos' journey and are pleased with the successful outcome of the investment," commented Jason Drattell, Praesidian Founder.
  • "The Company's dedication to providing superior products has solidified its position as a trusted leader in its field."

Boardwalk Names Scott Hallam President and CEO

Retrieved on: 
Monday, March 18, 2024
Tisch, Williams Companies, Boardwalk Pipelines, Culture, Growth, Greater Houston, Trustee, Commercial, United Way, Boardwalk, LP, Management

Scott Hallam, currently President and Chief Operating Officer, will succeed Stan as CEO and join Boardwalk's Board of Directors.

Key Points: 
  • Scott Hallam, currently President and Chief Operating Officer, will succeed Stan as CEO and join Boardwalk's Board of Directors.
  • Scott joined Boardwalk in September of 2023, bringing with him over two decades of upstream, midstream, and downstream experience in the natural gas industry.
  • "We thank Stan for his extraordinary leadership over the past 13 years," said Jim Tisch, President and CEO of Loews.
  • We are excited to work with Scott and are confident that Boardwalk will continue to excel under his leadership."

Labaton Keller Sucharow LLP and Entwistle & Cappucci LLP Announce Notice of Pendency of Stockholder Class Actions and Proposed Settlement for All Record and Beneficial Owners of Pattern Energy Group Inc. Common Stock as of March 16, 2020

Retrieved on: 
Monday, March 18, 2024
Agreement, Justice Center, Goldman Sachs, Compromise, Mergers and acquisitions, CPP Investment Board, Federal court, Prejudice, Riverstone Holdings, Class, Episcopal conference, Eligibility, Court, Effective date, Federal, District court, Defendant, CLASS, Settlement, Net settlement, LP, Plaintiff, Notice, Judgement, Post office box, PEGI, Hearing

If you have not yet received the Notice, you may obtain a copy of the Notice by contacting the Settlement Administrator at Pattern Energy Group Inc.

Key Points: 
  • If you have not yet received the Notice, you may obtain a copy of the Notice by contacting the Settlement Administrator at Pattern Energy Group Inc.
  • Eligible Class Members do not have to submit a claim form to receive a payment from the Settlement.
  • Please do not contact the Court of Chancery or the Office of the Register in Chancery regarding this notice.
  • All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Plaintiffs' Counsel.

Arena Energy promotes Michael Vallejo to President and names Brent Ozenne as Chief Operating Officer

Retrieved on: 
Wednesday, March 13, 2024
Certified Public Accountant, Zekelman Industries, TriQuint Semiconductor, BP, Methodist University, Gulf of Mexico, Louisiana State University, MBA, University, Newfield Exploration, CFA, Engineering, Southern Methodist University, BBA, Chemical engineering, Unit production manager, Arena, LP, Management

THE WOODLANDS, Texas, March 13, 2024 /PRNewswire/ -- Arena Energy, LLC ("Arena"), a leading independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently announced that Michael Vallejo was promoted to the position of President in addition to his role as Chief Financial Officer.

Key Points: 
  • THE WOODLANDS, Texas, March 13, 2024 /PRNewswire/ -- Arena Energy, LLC ("Arena"), a leading independent oil and gas exploration company focused on the Gulf of Mexico Shelf, recently announced that Michael Vallejo was promoted to the position of President in addition to his role as Chief Financial Officer.
  • Arena also announced Brent Ozenne's promotion to Chief Operating Officer of Arena Energy, and he will continue in his role as the CEO of Arena Offshore, LP.
  • Vallejo joined Arena as Finance Manager in 2013 and was promoted to the role of Chief Financial Officer in 2014.
  • Ozenne joined Arena Offshore as a Production Engineer in 2008, assumed the role of Production Manager in 2012, was promoted to Chief Operating Officer in 2020 and became Chief Executive Officer of Arena Offshore in 2022.