Sunday, 24 May 2015
Last updated 1 day ago
Oct 17 2008 | 11:06am ET
New York-based N.I.R. Group has launched a fund to make short-term, direct investments in, and provide alternative financing to, mid-cap public companies seeking operational and growth capital.
According to the firm, access to traditional credit facilities has been severely curtailed, and even strong businesses have been constrained in their efforts to secure financing to pursue growth opportunities. The Haverstock Fund offers financing to “strong and performing” mid-market companies that have been negatively affected by the credit crisis.
“We are seeing a significant opportunity to invest in companies largely unaffected by current events,” said Corey Ribotsky, founder and managing member of the NIR Group. “We work closely with our portfolio companies to provide terms that work for them, and the capital they need to develop their operations to succeed. It creates a win-win situation for them and for our investors.”
N.I.R. invests in hedge funds, private investment in public entities, and other types of alternative investments.
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…