Wednesday, 27 May 2015
Last updated 10 hours ago
Mar 21 2013 | 1:04pm ET
Australia's Macquarie Capital is not bound by the U.S. Volcker rule's restrictions on bank's private-equity activities. So it's tripling down—and more—on its business in the country.
Macquarie tripled its p.e. investments in the U.S. over the past 18 months. And it plans to put even more money in this year, picking up the slack left by U.S. banks' Volcker-challenged merchant-banking businesses and deploying its own capital.
"We have committed US$8 billion of debt into deals in the past 18 months and that will accelerate," Jorge Mora, U.S. head of financials sponsor at Macquarie, told Financial News.
"Macquarie has a unique platform as we co-invest with clients and do not compete with them," Mora added. "We can put capital into deals from our strong balance sheet as the bank has surplus equity even after a buyback."
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…