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Partners sue Eddie Shapiro over secret deal with lenders

Nest Seekers founder Eddie Shapiro is being sued for allegedly making a back-room deal with lenders to get him out of millions in borrowed money used to build a Queens condo.
A complaint brought by his partner Raphy Benaim alleges Shapiro “orchestrated a deceitful and unlawful scheme” to obtain an “unfair windfall” on the project they were partnered on at 112 Northern Boulevard known as the Sage House Condominiums.
EDDIE SHAPIRO
According to court papers, Shapiro was part of a group of
investors that in 2007 partnered to turn a gas station owned by Benaim at 112
Northern Boulevard into a luxury condo. The 33-unit property included a gym, ....

Eddie Shapiro , Marc Lavaia , Torchlight Debt Opportunity Fund , Lev Development Group , People United Bank , Warshaw Burstein , Nest Seekers , Raphy Benaim , Osage House , United Bank , Torchlight Investment Management , Lev Asset Management , எட்டி ஷாபிரோ , டார்ச்லைட் கடன் வாய்ப்பு நிதி , மக்கள் ஒன்றுபட்டது வங்கி , வார்ஷா பர்ஸ்டீன் , கூடு தேடுபவர்கள் , முனிவர் வீடு , ஒன்றுபட்டது வங்கி ,

Dallas-Fort Worth Airport lands $23 million in 3 alts funds

Dallas-Fort Worth Airport lands $23 million in 3 alts funds
Print
Dallas-Fort Worth International Airport Board Retirement Trust committed a total of about $23 million to three alternatives funds and agreed to terminate one fixed-income manager, documents from the $811 million pension fund show.
At its March 2 meeting, the board agreed to commit €6.5 million ($8 million) to
BC Partners Fund XI, a European private equity fund. It also committed $7.5 million apiece to Tenex Capital Partners III, a private equity fund managed by
Tenex Capital Management; and Torchlight Debt Opportunity Fund VII, a real estate debt fund managed by
The board also agreed to terminate a $34 million core fixed-income strategy managed by Smith Graham & Co. Investment Advisors for performance issues. The plan s investment consultant AndCo Consulting recommended the action. A representative from Smith Graham did not immediately respond to a request for comment. ....

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