DJIA52495.88 488.87
S&P 5007712.57 21.84
NASDAQ26424.82 -6.07
Russell 20002773.42 45.12
German DAX25304.42 -15.35
FTSE 10010733.00 -31.69
CAC 407838.49 -29.56
EuroStoxx 506124.75 -22.10
Nikkei 22564621.24 545.82
Hang Seng23867.74 -319.09
Shanghai Comp3735.37 4.45
KOSPI5735.66 182.92
Bloomberg Comm IDX143.33 -0.70
WTI Crude-fut109.17 0.03
Brent Crude-fut98.03 -3.06
Natural Gas2.85 -0.16
Gasoline-fut3.13 -0.01
Gold-fut4158.60 13.80
Silver-fut57.69 -0.42
Platinum-fut1643.90 -19.40
Palladium-fut1084.50 -20.00
Copper-fut6.53 -0.09
Aluminum-spot3195.00 0.00
Coffee-fut312.00 1.90
Soybeans-fut1241.00 -6.50
Wheat-fut634.50 -8.25
Bitcoin83520.39 508.14
Ethereum USD2465.66 8.97
Litecoin61.58 0.27
Dogecoin0.08 0.00
EUR/USD1.1232 0.0013
USD/JPY158.06 -0.42
GBP/USD1.3388 0.0083
USD/CHF0.8252 -0.0011
USD IDX101.64 -0.10
US 10-Yr TR5.098 -0.019
GER 10-Yr TR3.4061 0.0136
JAP 10-Yr TR2.888 -0.01
Fed Funds4 0
SOFR3.88 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  |  February 7, 2024
Investcorp Invests in Secondary-Focused Banner Ridge Partners
Joe Palmisano
By: Joe Palmisano

Investcorp Invests in Secondary-Focused Banner Ridge Partners

Investcorp‘s strategic capital group (ISCG) made an investment in Banner Ridge Partners, giving the $7.3 billion NY-based alternative assets manager its second cash injection this year following the recent close of Banner Ridge Secondary Fund V at its hard cap of $2.15 billion.

Financial terms of the investment were not disclosed.

The deal makes ISCG a passive, non-voting partner in Banner Ridge, which invests in distressed, special situations, and credit strategies. Banner Ridge plans to invest all proceeds from the transaction to support growth, with no changes to its team or investment processes.

“Investcorp’s Strategic Capital Group brings much more than capital. Their extensive network of investor relationships and complementary expertise will prove invaluable as we continue to grow our business over the coming years,” said Anthony Cusano and C.J. Driessen, Banner Ridge co-founders.

Bahrain-based Investcorp, which has been operating as an investment manager since 1982, operates across 14 global offices and has $50 billion in assets, including those managed by third party managers.

Connect

Inside The Story

Investcorp Banner Ridge Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints