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May 27, 2018

Liberty Hall Capital Partners Selects iLEVEL for Portfolio Monitoring

NEW YORK–(BUSINESS WIRE)–

iLEVEL, the cloud-based software provider to the private capital market, announced today that Liberty Hall Capital Partners has selected the iLEVEL Private Capital Data Platform to streamline their portfolio data collection process and enhance their reporting capabilities. Liberty Hall is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry.

“As Liberty Hall continues to grow, we are confident iLEVEL will be an invaluable asset to track metrics and report to our investors in a timely, consistent, and transparent manner,” said Rowan G.P. Taylor, founding Partner of Liberty Hall. “We recognize the importance of transparency when monitoring our assets, both for our own investment purposes and for investor reporting. We look forward to implementing the iLEVEL Private Capital Data Platform.”

iLEVEL grants managers of private capital the ability to do more with their data and meet the increased demands for investor reporting. Funds can streamline their data collection process and store their information in a central repository, which can be accessed via the web, through an iPad or in existing excel models. iLEVEL can optimize portfolio performance, demonstrate value creation, and more quickly run valuations.

“iLEVEL is transformational for private capital managers of all sizes,” said Kevin Black, CEO of iLEVEL. “We are thrilled to sign Liberty Hall as a client and look forward to helping them expand their business through our platform.”

The number of firms using iLEVEL has doubled in the past year and includes alternative investment firms of varying sizes that employ a wide range of investment strategies including Private Equity, Real Estate, Credit and Venture Capital. Leading LPs and Funds of Funds are also adopting iLEVEL. More than 5,500 iLEVEL users span the globe, tracking over a billion data points across 11,500 portfolio companies.

About Liberty Hall Partners

Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall’s principals have a 20-plus year history of working together and have led the investment of over $2 billion in equity capital in businesses serving multiple segments of the aerospace and defense industry and complementary industrial markets. Liberty Hall develops actionable investment strategies for attractive segments of the aerospace and defense industry and then partners with entrepreneurs and management teams to acquire leading businesses serving these segments and, together with them, develops sound, long-term strategic plans to build these businesses through a combination of strategic investments and strategic acquisitions. For more information, please visit http://www.libertyhallcapital.com/.

About iLEVEL

iLEVEL offers a market-leading cloud-based Private Capital Data Platform that empowers fund managers and investors to control information and gain actionable insights by taking data collection, investment analysis and performance reporting to a whole new level. Investors in iLEVEL include Blackstone (BX), The Carlyle Group (CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com

Contact:
iLEVEL

Lauren Weiner, +1-646-747-9817

Director of Marketing


lweiner@ilevelsolutions.com

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Liberty Hall Capital Partners Selects iLEVEL for Portfolio Monitoring

At Davos, it's not all about money

Read MoreBold-facers to talk crises at Davos

“It is a combination of networking, understanding the scope of views with respect to markets and the economy, and some out-of-the-box idea generation,” explained the manager of a multibillion dollar firm who is avoiding media interviews.

“Going to Davos helps generate investment ideas and manage risk by giving attendees a better understanding of the global dynamics driving markets,” added a handler for one of the prominent hedge fund managers in attendance but who is not speaking.

Of course, selling funds to the many huge institutions in Davos also factors in. There are chief investment officers from sovereign wealth funds, public pensions, insurance companies, charitable foundations and more floating around, potentially looking to allocate billions of dollars to so-called “alternative” investment funds.

At least one firm is hosting a formal event. Hedge fund investor SkyBridge Capital is putting on its annual “Wine Forum” tasting this week at the Hotel Europe’s Piano Bar, a popular Davos after-hours hangout. The event is both for client purposes and charity; this year proceeds will go to the Andrea Bocelli Foundation, whose namesake sang at Davos on Tuesday.

Speaking on stage can also help brand managers as astute economic thinkers.

Dalio, for example, will participate on a panel Thursday on the looming end to U.S.-style quantitative easing, “Ending the Experiment.” Singer will be part of a debate Wednesday on whether markets are “mispricing” geopolitical risks. And Rubenstein will talk Wednesday on the “New Growth Context” in the global economy.

Others speaking include George Soros of Soros Fund Management (now a family office) on Europe; Anthony Scaramucci of SkyBridge on economic volatility; Kenneth Hersh of NGP Energy Capital Management on fossil fuels; and Colin Teichholtz of Pine River Capital Management on shadow banking.

But the majority of managers in Davos aren’t speaking, many opting to keep a lower profile.

Hedge fund managers at WEF include Dan Loeb of Third Point, Kyle Bass of Hayman Capital Management, Frank Brosens of Taconic Capital, Alan Howard of Brevan Howard Investment Products, Andreas Halvorsen of Viking Global Investors, Mitch Julis and Josh Friedman of Canyon Partners, Andrew Law of Caxton Associates, Michael Martino of Mason Capital Management, Eric Mindich of Eton Park Capital Management, and David Harding of Winton Capital Management, according to WEF materials.

Private equity investors include Stephen Pagliuca of Bain Capital, Scott Kapnick of Highbridge Capital Management, Mitch Truwit of Apax Partners and Tom Speechley of Abraaj Group.

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At Davos, it's not all about money

Why Are AmREIT Shares Up More Than 30% This Summer?

AmREIT (NYSE: AMRE) is a relative newcomer to the neighborhood and specialty retail center space.

This sector as a whole has returned an impressive 16.6 percent year-to-date according to the latest MLV & Co research report dated August 25, 2014, compared to around 8 percent for the S&P 500.

In the spirit of full disclosure, AmREIT shares have returned a little more than 43 percent YTD, so this is not just cherry-picking the summer months.

While plenty of San Antonio, Texas River Walk tourists might be looking to cool off and sip a cold drink at the scenic South Bank property below, it is just one of example of the many high-end AmREIT properties that are situated in four fast-growing urban areas in Texas, as well as locations in the metro-Atlanta market.

One Version Of The AmREIT Recipe For Success

Start with superbly located retail properties in five markets that feature outstanding demographics and household incomes; combine that with experienced management; add two parts operational and redevelopment expertise; shake with high occupancy, and serve over a solid balance sheet. Garnish with quarterly dividends.

This Recipe Attracted A Cash Buyer

The spike in the chart below, coincides with $5.25 billion market cap Regency Centers (NYSE: REG) $22 per share offer to purchase AmREIT outright. This offer was rebuffed by the AmREIT board of directors on July 29, 2014.

A subsequent Benzinga article highlighted the reasons why MLV & Co. analyst Paul Morgan raised the price target on $465 million cap AmREIT from $24 to $25 per share, on August 11, 2014.

Federal Realty (NYSE: FRT) has proven to REIT investors over decades that upscale life-style centers and/or mixed use redevelopment in areas surrounded by high-income households is a sustainable business model. As recently reported by Zacks Research, Federal Realty raised its outlook for full-year 2014 FFO per share to the range of $4.90 – $4.94, from $4.86 – $4.93 guided earlier.

Related Link: The Sun Never Sets On Blackstone Group LP

Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 47 consecutive years, the longest record in the REIT industry. This “bullet-proof” dividend is currently yielding 3.12 percent for shareholders of this $8.4 billion dollar market cap REIT.

Here Is AmREIT’s Version Of This Winning Game Plan

It all starts and ends with purchasing power and high-density of households:

Joint ventures with some of Wall Street’s biggest investment banks allows small-cap AmREIT to take on institutional quality projects that are much larger than you would expect.

These ventures also serve as sources of fee income as well as a clearly visible pipeline for future growth:

Industry leading demographics drives higher base rents:

These higher rents, in combination with a very low-weighted average cost of capital for a small-cap REIT, (as evidenced by the chart below and the current 3.4 percent yield on common equity):

Produces a high-projected compound annual growth rate compared to industry peers:

In a nutshell, this is the game-plan that AmREIT has followed since its IPO in September 2012.

AmREIT Valuation Metrics No Longer Signal A Bargain:

  • An implied cap rate of 5.7 percent
  • An estimated NAV, or net asset value, of $24 per share, compared to closing price of $23.50 on August 25, 2014
  • AmREIT is currently trading at 22.9x 2014E FFO and 20.7x 2015E FFO per share

Metrics are from MLV & Co. Investment Research for the week ending August 22, 2014. MLV & Co. maintains a Buy rating on AmREIT with a revised price target of $25 per share.

Investor Takeaway

AmREIT appears to be a well-managed REIT, with an attractive portfolio of assets and a clearly defined strategy for long-term success.

The company appears to be successfully executing a strategy of acquiring strategically located commercial assets in five key markets, as well as adding value through land development and redevelopment opportunities.

As a result of the 30 percent gains in the stock this summer — which were triggered by the Regency Centers $22 per share buyout offer — AmREIT appears to be close to fully valued at this time, based upon its price to FFO and NAV metrics.

See more from Benzinga

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Why Are AmREIT Shares Up More Than 30% This Summer?

MatlinPatterson Selects iLEVEL for Portfolio Monitoring

NEW YORK–(BUSINESS WIRE)–

iLEVEL, the cloud-based software provider to the private capital market, announced today that MatlinPatterson Global Advisers LLC (“MatlinPatterson”) has selected the iLEVEL Private Capital Data Platform to enhance their investment performance analysis and investor reporting capabilities. MatlinPatterson is a leading global alternative asset manager with a focus on distressed and other credit opportunities.

iLEVEL enables private capital investment professionals to rely on a single source of data when communicating to investors during the fundraising process, and on a continuing basis. The platform allows managers to understand what drove performance on the portfolio, at an asset-by-asset basis, and to dig deeper into the components of their investment return.

“MatlinPatterson recognizes the changing dynamics in the financial industry, and that investors want more information about their investments. We want to be at the forefront of providing that clarity,” said Cameron Hillyer, CFO of MatlinPatterson. “iLEVEL will empower us to give LPs the level of transparency that they are looking for.”

“We are extremely pleased that MatlinPatterson has selected iLEVEL to optimize their portfolio reporting system,” said Kevin Black, CEO of iLEVEL Solutions. “iLEVEL continues to expand its client base to a diverse set of private capital managers, demonstrating the shared importance of investor information across asset classes.”

The number of firms on iLEVEL has doubled in the past year and includes alternative investment firms of varying sizes that employ a wide range of investment strategies, including Real Estate, Credit, Venture Capital and Private Equity. Leading Limited Partners and Funds of Funds are also adopting iLEVEL. 4,000 iLEVEL users span the globe, tracking over 700 million data points across 7,000 portfolio companies.

About MatlinPatterson

MatlinPatterson is a leading global alternative asset manager with a focus on distressed and other credit opportunities. At the core of the organization’s investment programs are rigorous, disciplined, bottom-up fundamental credit research and analysis. MatlinPatterson’s investment professionals have decades of trading and investment experience in credit and have successfully executed investment strategies in investment partnerships and managed account structures. The firm is headquartered in New York. For more information, visit www.matlinpatterson.com.

About iLEVEL

iLEVEL offers a market-leading cloud-based Private Capital Data Platform that empowers fund managers and investors to control information and gain actionable insights by taking data collection, investment analysis and performance reporting to a whole new level. Investors in iLEVEL include Blackstone (BX), The Carlyle Group (CG), Duff & Phelps, Hamilton Lane, Swift River Investments, and Egis Capital Partners. For more information, visit www.ilevelsolutions.com.

Contact:

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MatlinPatterson Selects iLEVEL for Portfolio Monitoring