In The News

In The News
Navab Capital Partners to Wind Down After Founder’s Sudden Death
07.17.19

Navab Capital Partners will wind down after its founder Alex Navab’s unexpected death earlier this month. Navab, a former KKR & Co. executive, had been targeting $3 billion for the private equity firm’s debut fund.

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Some Good News On Multiemployer Pensions
07.17.19

Michael Scott, Executive Director of the National Coordinating Committee for Multiemployer Pensions (NCCMP), believes that Congress is actually following their tradition of finding bipartisan solutions when it comes to pensions, and is working hard to come up with a legislative solution.

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State Recommends PSPRS Administrator Smout Be Fired For Sexual Harassment
07.17.19

The state human resources office on Monday recommended that the Public Safety Personnel Retirement System fire its embattled administrator after he admitted to investigators that he repeatedly sexually harassed an employee and didn’t properly respond to allegations he spied on staffers he didn’t like.

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Madison Marquette and Roseview Finalize Merger
07.17.19

Madison Marquette, a leading national real estate investment manager, service provider, developer and operator announced today the closing of its merger with The Roseview Group, a boutique institutional real estate investment and advisory company.

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Endowments Flock To Wall Street For A Bigger Piece Of The Action
07.17.19

More endowments are relocating their investment offices to better access talent, managers, Bloomberg reports.

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Charles Schwab In Talks To Buy USAA Wealth-Management, Brokerage Units
07.16.19

Charles Schwab is in talks to buy the brokerage and wealth management operations from USAA for roughly $2 billion in a deal that could be reached this month, the Wall Street Journal reports.

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CalPERS Reports Preliminary 6.7 Percent Investment Return for Fiscal Year 2018‐19
07.11.19

CalPERS today reported a preliminary 6.7 percent net return on investments for the 12‐month period that ended June 30, 2019. CalPERS assets at the end of the fiscal year stood at more than $370 billion.

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JPMorgan-Owned Ship Seized With 20 tons Of Cocaine
07.11.19

The ship seized last week by U.S. Customs and Border Protection for having transported nearly 20 tons of cocaine into a U.S. port has a very high-profile owner — a JPMorgan Chase fund.

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Great Hill Partners Raises $2.5 Billion for Seventh Growth Buyout Fund
07.10.19

The firm today announced the first and final closing of Great Hill Equity Partners VII, L.P., reaching its hard cap of $2.5 billion of limited partner commitments.

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New law requires Maryland pension system to disclose millions in fees paid to Wall Street firms
07.08.19

The pension system now must publicly disclose the amount it pays in carried interest fees by the end of each calendar year. The first report, due Dec. 31, will include the fees from fiscal years 2015 through 2019, the Baltimore Sun reports.

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