Shooting involving Los Angeles police reported in North Hollywood foxla.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxla.com Daily Mail and Mail on Sunday newspapers.
By Jon Peterson2021-08-03T14:57:00+01:00
Real estate fund manager Stockbridge Capital Group has repurchased the 48% interest it sold to Hong Kong-based CITIC Capital Holdings in 2017.
Executive managing director Terry Fancher told IPE Real Assets: “While Stockbridge Capital Group and CITIC Capital continue to have an excellent relationship, we have mutually concluded that this ownership repurchase will best serve each firm’s strategic objectives.”
The terms of the transaction were not disclosed, but the repurchase of the stake is being partly funded by “passive, special-purchase financing” from Landmark Partners, a private-equity secondaries specialist acquired by Ares earlier this year.
CITIC Capital is expected to maintain its relationship with Stockbridge Capital as an investor and the transaction is said to have no impact on the governance or investments of Stockbridge’s affiliated investment adviser Core and Value Advisors.
Newswatch July 30, 2021
Good Morning. Join us on Wednesday, August 25th for the LAPD Training Academy Blood Drive. The event will be held in the Training Academy Gym from 9 a.m. - 3 p.m. Please visit RedCrossBlood.org and enter sponsor code LAPDEP to schedule an appointment.
Law Enforcement News
Man Killed In South L.A. Area
A man who was shot in the south Los Angeles area died Thursday at a hospital, and his killer was being sought. The shooting was reported about 11:55 p.m. Wednesday in the 400 block of West 95th Street, according to the Los Angeles Police Department. The man was taken in critical condition to a hospital, where he died on Thursday morning, police said. Information on his identity was not immediately available. No arrests were reported, and no description was available of the suspect. Anyone with information on the crime was urged to call 877-LAPD-247.
Newswatch July 28, 2021 lapd.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lapd.com Daily Mail and Mail on Sunday newspapers.