DJIA38904.04 307.06
S&P 5005204.34 57.13
NASDAQ16248.52 199.44
Russell 20002060.10 8.70
German DAX18163.94 -238.49
FTSE 1007911.16 -64.73
CAC 408061.31 -90.24
EuroStoxx 505013.35 -57.20
Nikkei 22538992.08 -781.06
Hang Seng16723.92 -1.18
Shanghai Comp3069.30 -5.66
KOSPI2714.21 -27.79
Bloomberg Comm IDX102.90 0.64
WTI Crude-fut91.17 0.01
Brent Crude-fut86.57 1.15
Natural Gas1.79 0.00
Gasoline-fut2.79 -0.01
Gold-fut2345.40 33.50
Silver-fut27.50 0.46
Platinum-fut940.60 -5.50
Palladium-fut1007.40 -23.60
Copper-fut423.60 1.85
Aluminum-spot1815.00 0.00
Coffee-fut212.50 5.75
Soybeans-fut1185.00 5.00
Wheat-fut567.25 11.00
Bitcoin67976.00 304.00
Ethereum USD3328.10 56.27
Litecoin98.71 0.69
Dogecoin0.18 0.00
EUR/USD1.0862 0.0007
USD/JPY151.72 -0.02
GBP/USD1.2678 0.0016
USD/CHF0.9044 -0.0014
USD IDX104.28 0.08
US 10-Yr TR4.4 0.091
GER 10-Yr TR2.406 0.007
UK 10-Yr TR4.064 -0.005
JAP 10-Yr TR0.771 -0.004
Fed Funds5.5 0
SOFR5.32 0
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

STAY INFORMED

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

Sub Markets

Topics

Alternative Assets  + Private Equity  |  June 2, 2023
Morgan Stanley PE Secondaries, Clairvest Invest in Top Aces
By: Joe Palmisano

Morgan Stanley PE Secondaries, Clairvest Invest in Top Aces 

Morgan Stanley Private Equity Secondaries and Clairvest Group have made a growth equity investment in Top Aces, a Dorval, Quebec-based provider of advanced airborne training. 

The investment was made in conjunction with Top Aces’ other shareholders, including global investment group Caisse de Dépôt et Placement du Québec (CDPQ). 

Top Aces provides adversary air (ADAIR) and joint terminal attack controller (JTAC) training to the armed forces of the US, Canada, Germany and other NATO allies. It operates out of 11 bases in four countries. The company has a fleet of commercially operated fighter aircraft and is a commercial owner/operator of the F-16. Top Aces has more than 500 employees including 70 fighter pilots. 

Toronto-based Clairvest and CDPQ led a $100 million financing round of Top Aces to support the company’s expansion and acquisitions in 2019. Clairvest invests its own capital and that of third parties through its Clairvest Equity Partners funds in owner-led middle-market businesses. 

Morgan Stanley Private Equity Secondaries is the investment arm of Morgan Stanley Investment Management. The firm had $1.4 trillion in assets as of the end of March. 

Don’t miss the Connect Money: Alternative Assets Conference on June 14 in Chicago at the W City Center. Connect in person with industry experts like Glenn Spencer, CEO Prime Capital Investment Advisors. 

Connect

Inside The Story

Morgan StanleyTop Aces

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.