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Adi Dassler International Family Office Partners with Alden Investment Group
Posted on 05/16/2021
Julian “Brad” Bradham and Allen Johnson founded Adi Dassler International Family Office (ADIFO) in 2020, which is a multifamily office catering to high net worth and ultra-high net worth families. The company ADIFO has ties with the Dassler family who have provided family office services exclusively to their family since the inception of ADIDAS by Adi Dassler.
Alden Investment Group and ADIFO decided to partner. Alden Investment Group will be a broker/dealer for ADIFO.
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IGIS Asset and Hana Financial Help Recap Fannie Mae HQ
Posted on 05/16/2021
On April 27, 2021, South Korea’s IGIS Asset Management Co., Ltd and Hana Financial Investment Co., Ltd. purchased a 49% stake in the headquarters of the U.S. mortgage lender Fannie Mae for 250,000,000,000 KRW. Both IGIS and Hana bought the stake in the two-building Midtown Center in Washington D.C. from Carr Properties. The U.S. real estate investment firm holds the remaining interest in the 868,834-square-foot property. The building is built on the former site of the headquarters of The Washington Post.
JLL Capital Markets (part of Jones Lang LaSalle) arranged the capitalization.
On May 10, 2021, a fund managed by JP Morgan Global Alternatives (part of JPMorgan), acquired a €540 million portfolio of 11 logistics assets in the U.K., France, and Ireland, from Mountpark Logistics EU Sarl. The portfolio is 4 million square feet. Mountpark Logistics EU Sarl is a joint venture between Mountpark Finco and USAA […]
Billionaire Oaktree Co-Founder’s Family Office Took 2020 PPP Loan
Posted on 05/14/2021
Bruce Karsh co-founded Oaktree Capital Management in 1995, later becoming the firm’s Co-Chairman and CIO. As of August 2020, according to Forbes magazine, he has a net worth of US$ 2.1 billion. Carolwood Capital Partners LLC (Carolwood Capital Management LLC) is Karsh’s family office. Located in the glitz 90210 Beverly Hills zipcode, Carolwood Capital Partners LLC reported 18 jobs and took out a PPP loan that was approved on May 1, 2020 for the amount of US$ 97,419. Based on a number of assumptions, Carolwood Capital Partners LLC’s 2019 payroll expenses are estimated to be at least US$ 467,611.