Saturday, 18 April 2015
Last updated 3 hours ago
Jun 21 2012 | 12:17pm ET
GB Merchant Partners is gearing up to launch its second debt fund.
GB, the investment division of Boston-based Gordon Brothers, hopes to raise $500 million for its 1903 Debt Fund 2, Hedge Fund Alert reports. Like its predecessor, the new vehicle will invest exclusively in junior secured loans of between $10 million and $50 million to mid-sized companies. It will also be able to buy on the secondary market.
If GB hits its fundraising target, 1903 2 will be nearly three times the size of its first debt fund, which closed in 2006. GB also manages $485 million in a stock fund, the 1903 Equity Fund.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…