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Funds Raise Capital for CT Ventures

Three funds launched with plans of making available capital of over $130 million to small-sized, medium-sized, and high-growth companies in Connecticut state. The revised program of Insurance Reinvestment Tax Credit passed in 2010 formed the fund.

Enhanced Capital Connecticut Fund

Liddy Karter was the managing director of this fund, which raised nearly $30 million. The fund was in two different investment accounts. Kater said that the fund was going to do much in driving more capital specifically in the Connecticut businesses’ hands.

Karter continued saying that her fund, which was initiated by the national asset manager ECP (Enhanced Capital Partners) based in NY, was to identify as well as underwrite investments in equity and debt of equal to $3 million in the firms that were qualified-from the seed-stage to operations that were mature.

They were looking at industries that ranged from healthcare, information technology, and manufacturing to green technology and business services. ECP also concluded its first deal with Hadapt Inc., a software analytics firm based in New Haven, Connecticut; it operates at Science Park.

Advantage Capital Connecticut Partners

Three firms formed the fund – Advantage Capital Partners, based in Missouri in partnership with the Louisiana-based Stonehenge Capital Fund Connecticut, and Ironwood Capital, headquartered in Avon.

Advantage Capital raised $72 million, which was designated to invest in around 25 companies in Connecticut. Stonehenge raised around $35 million. Ironwood Capital and Advantage Capital invested in eight companies based in Connecticut, which included deals with:

• XLerant, Inc., based in Norwalk; a software company providing budget preparation software for corporates.

• The New Haven-based Green Life Guides, LLC, a company that’s operating The Green Bride Guide, which is an online website for ideas of the green wedding, products, and services.

The Advantage Capital Partners’ managing partner, Ryan Brennan said that the fund was representing the first investment that his firm was making in the companies located in Connecticut, and the draw was the program of revised tax credit. Their typical investment forms included government-guaranteed lending, subordinated and senior loans, mezzanine financing, expansion equity, and early stage.

Brennan said that the previous year, …

Retiree Returns to the Oil Industry

The oil industry is irresistible to many business magnates in the world today. Additionally, once entrepreneurs get into the industry, they hardly leave until they achieve their financial objectives. Its potential is exceptional because oil is a commodity used every minute to run industries, autos, and many other machines. James Hackett is one of the renowned tycoons in the United States. He is the former CEO of Anadarko Petroleum Corporation. Hackett retired from the company to attend Divinity School at Harvard University.
The former energy CEO is back to achieve more in the industry. Hackett launched Silver Run Acquisition Corporation II, which is another key purpose acquisition company. Also known as a blank-check company, it made an announcement of its initial public offering on March 23, 2017. The offering was 90 million units at $10 per unit.
Hackett agreed to purchase the pipeline firm and an oil explorer this year after finalizing his studies at Harvard. The price of the two Oklahoma firms was around $3.55 billion. He learned about the companies from a close friend when schooling at the university.
When starting Silver Run Acquisition Corporation II, he wanted to merge it with one or more companies. Additionally, Hackett launched the organization to engage in asset acquisition, capital stock exchange and stock exchange deals with other firms in the world.
Silver Run Acquisition Corporation II focuses on multiple lucrative deals in the energy industry. The sponsor of the corporation is an affiliate of Riverstone Holdings LLC, which is a private equity agency based in New York City under the leadership of Pierre Lapeyre and David Leuschen. Riverstone Holdings LLC also focuses on energy-related deals. In 2013, Hackett became a co-head and partner of Riverstone Holdings LLC’s Houston office.
The 63-year-old Hackett will not only run his new firm but will also start teaching on moral leadership in economic enterprise at Rice University in Houston. He will help students at the university acquire crucial leadership and entrepreneurial skills that will shape their future. Moreover, during the spring semester, he will teach at the University of Texas. His experience …

Top Commercial Real Estate Companies to Contact in the New York City Area

Since the first quarter of the year 2014, the New York residential real estate market business has gained an impressive $10.1 billion in sales. But just what are the best real estate companies in New York City to look into?

One of the first companies that is stupendous is called Street Easy. This seems like the type of website that the parents of Joe Sitt and Serena Vanderwoodsen would take a hold of to enquire their properties. This website also has an app which separates listings by major cities in New York. It would also seem as though celebrities Orlando Bloom and ten time Grammy award winner Taylor Swift have found their New York City estates here. This website also offers articles and news reports mainly for people who are looking to move to New York City for the first time.

Next, there is Coldwell Banker Richard Ellis New York. CBRE offers not only a vast selection of properties in downtown New York, but also investment opportunities as well as a high success rate that has been gaining a good reputation in in being the leader in commercial real estate for well over a quarter century. This company has an astounding four offices scattered around New York City that resembles the ‘clackers’ and the marble lobby that is included in the Elias Clarke building in the 12 award winning film The Devil Wears Prada. CBRE truly cares for its clients and helps them find the best abode they need for living.

Thirdly, Colliers International Commercial Real Estate makes apartment hunting in New York City simple and easy. Their website is simply laid out for easy finding and instantly connects users to a real estate agent who is happy and eager to help their clients. Their office is located in downtown New York where they have tons of experts willing to help.

Lastly, there is Douglas Elliman. Douglas Elliman was founded in 1911 and has established itself to become the largest regional and the nation’s fourth largest real estate company. They supply over a whopping 80 offices in cities throughout Manhattan, …

Family-Owned Construction Companies in DC Working On Government Buildings

There are quite a few companies in Washington DC that rebuilding government structures, and this article explains how Frank Haney and some of these other companies are owned by prominent families in the city. Anyone who is searching for better firm for their next job must ensure they have worked with Thorsen or Dustin Construction as part of their plan. These companies are given incredible government contracts every year, and they are building a new Washington DC that is beautiful to look at.

#1: The City Must Grow Every Year

Washington must grow every year to accommodate the government, and there are quite a few contracts handed out each year that will build new structures. These structures are quite exciting as they will offer new jobs, and the jobs will beget many homes in the area. Companies such as Thorsen and Dustin are building residential areas near where their government buildings are located.

#2: Growing Neighborhoods

Neighborhoods must grow quite a lot when they are surrounded by new government buildings, and the people who move in may work in the buildings that are located in the area. The buildings will help that tiny community grow, and the people who live there will find it much easier to get to and from work. Celebrities such Janelle Monae and Alicia Keys have visited these buildings and the city as recently as the marches on the Capitol building and others.

#3: How Long Do The Jobs Last?

Construction companies owned by prominent families in the city have their own equipment, and they are equipped to make quick work of what must be done. They will save time, and they will help the government save money as their bid for the contract will go down quite a lot. Companies that have a track record for doing fine work will be given more contracts in the future, and these companies will be given every opportunity to make their mark on the city.

The buildings that are built in Washington DC are grown by companies that have made a mark on the city many times over. …

Iconic Skyscrapers in New York City That Have Stood the Test of Time

In the heart of the Big Apple lies Anthony Malkin’s iconic skyscrapers that can only be seen in New York City. Containing some of the tallest skyscrapers in the world and playing host to many celebrity visitors, New York skyscrapers have been made famous by their architectural designs. Such feats of structural engineering can even be seen on the big screen as King Kong is climbing the Empire State Building. Although many skyscrapers are made famous from movie and television appearances, the structures have stood the test of time to become world famous.

The Woolworth building was the tallest building between the years of 1913-1930. Based on neo-Gothic design, the skyscraper stands at 57 floors, 792 ft. tall and is currently the 20th tallest building in New York City. In the early 20th Century, it was nicknamed the “Cathedral of Commerce.” The structure was named after the millionaire of 1913 Frank W. Woolworth and designed by Cass Gilbert. Another Cass Gilbert architectural design is that of the New York Life Building. Standing at 615 ft. and 33 stories tall, the Gothic design skyscraper is iconic for the top pyramid structure that is lined with 25,000 gold-leaf tiles. The building is the current headquarters of the New York Life Insurance Company.

A skyscraper that has gained popularity over the years from celebrities is Trump Tower on Fifth Avenue in New York City. The building stands at an impressive 58 stories that is home to such celebrities as Janet Jackson and Bruce Willis. Trump Tower is the headquarters of The Trump Organization and contains retail stores and penthouse condominiums. Bruce Willis bought an apartment in 2007 for an overall price tag of $4.26 million, after it was sold by the previous owner Johnny Carson. While Janet Jackson has rented an apartment there, her brother Michael Jackson had rented an apartment in the 1990’s on the 63rd floor.

Called one of the Seven Wonders of the Modern World from the American Society of Civil Engineers, the Empire State Building stands at a total 1,454 ft. and 103 stories. From 1931 to 1970 …

Picking the Right Executive Recruiter to Use in Washington DC

The job recruitment industry in Washington, DC is awash with many players. The players include employment agencies, executive search firms, Nels Olson and headhunters or recruiters. The employment agencies are tasked with helping job seekers in finding work the traditional way. The executive search firms, on the other hand, specialize in recruiting staff for a particular industry or profession. The two main categories of executive search firms are retained search firm and contingency employment agency. The former operates exclusively because of its relationship with the employer.

Under the arrangement, the search firm is hired for a given duration of time to search and recruit senior level staff. The compensation package for retained search firms includes a percentage of employee’s salary and paid expenses. This amount is remitted whether the employee is hired or not. The contingency employment agency, on the other hand, is only compensated if the appointed employee is hired. In the entire recruitment setup of Washington DC, the recruiters are much more pointed in their role of assisting prospective employees. In most cases, the recruiter will approach you to get you to work for the firm they represent.

A great number of companies in Washington DC use recruiters because they do not have time on their hands. The other reasons include taking advantage of the extra services offered by recruitment agencies and around the clock availability. Recruitment agencies are well-placed to perform the hiring exercise because they are constantly at work and have current information regarding the market and recruitment procedures of any industry. However, the process of finding an effective recruiter to use in Washington, DC can be tasking. If you are seeking employment in a specific industry, find a recruiter that is dedicated to recruiting workers in that particular industry.

You can also find the right recruiters by enrolling in a professional association, where you can get access to online recruitment directories, recruiter’s database and other valuable resources. You can also take a more hands on approach of interviewing a recruiter to get insights into what they looking for and what you need to do to …

Alumni Gift To Support The Missouri Government Internship Program

What happens when a university educates students who become the owners of a multi-million dollar company? Well, while some find themselves being attached to scandal Truman State University is finding itself enriched.

Class of 1983 alumni Scott Zajac, along with fellow alumni Ryan Brennan of Advantage Capital, have donated $40,000 to the school for the benefit of students to receive stipends so that their costs can be defrayed.

How The Funding Works

Many may look at the gift of $40,000 and think that it will not go very far. After all, if 40 deserving students qualified, it would do little more than cover some of the year’s gas money.

However, that is not how a program like this works. The money is put together to create earnings, as well as attract like-minded benefactors. If the $40,000 principal amount was to gain 5% in 2017, then $2,000 would be created for the program. If four other graduates gave similar amounts then the account would have a principal amount of $200,000.

Has Something Like This Worked Before?

This is a very common program, and hopefully going to be more so within the school. For those who wonder how common it is, we can go back at least 228 years!

In 1789 Benjamin Franklin left in his will the amount of 2,000 lbs of sterling silver to accumulate interest until 1989 at which point the money would be distributed to the cities of Philadelphia and Boston. When the account was disbursed in 1992 more than $2,000,000 was bequeathed.…

Executive Recruiters Located in the Washington DC Area

In today’s modern world finding employees who are qualified for executive positions is very difficult, especially in the Washington, D.C. area. Modern technology has encouraged identification theft, false references, false education history and so forth. By the same token, highly qualified executives searching for a new position can often be misled by false advertising thus wasting time and money.

An applicant will initially be required to present references, a complete resume of previous employers, education resume and other pertinent information. Acting in a business-like professional manner at all times will make a good impression regardless of whether an applicant is meeting with an internal or external executive recruiter.

That is why it is important, when searching for a highly qualified employee, or a highly qualified job, to use an executive recruiter with a good track record. That makes it important to understand the difference between an Internal External Executive Recruiter and an Internal Executive Recruiter.

An External Executive Recruiter:

-Will review, and check, an applicant’s information regarding his or her qualifications and the employment desired

-After screening an applicant, the external executive recruiter will refer qualified people, for an interview, to the appropriate company

-He or she has no position in the actual hiring process
-An applicant can be referred to more than one employer

An Internal Executive Recruiter:

-Works for a specific company
-Usually has an office at the company location
-Is responsible for checking potential employees references and qualifications
-Makes the final decision on employment

Having contact with a firmly established executive recruiter will make a huge difference in the type of employee or the type of job obtained. Many executive jobs require some on- the- job training, which can be expensive. That is why both internal and external executive recruiters are careful in their review of any applicant’s application. This makes it extremely important to include any information that may apply in the applicant’s job application.

A few of the well-known recruiters in the Washington D.C. area are:

Nels Olson, Korn/Ferry
-JDG Associates, Executive Search Firm
-Lucas Group Executive Recruiters
-The McCormick Group
-Washington D.C. …

Three Funds Invest Capital In Connecticut

Enhanced Capital Connecticut, Advantage Capital Connecticut Partners under managing partner Ryan Brennan and Ironwood Capital are investing in Connecticut with a focus on small businesses. The New Markets Tax Credit has been a boon to the state, and the companies are looking for small companies they may assist. This article shows how each of the three will help Connecticut grow properly.

#1: How Do Small Businesses Grow With Investment?

Investors who are putting money back into Connecticut are ensuring there is quite a lot of money going to companies that are creating jobs. The Connecticut economy cannot grow without help from the smallest businesses who are creating jobs, and the three funds are finding as many small businesses as possible to help.

#2: How Is The Money Used?

Investment capital from large funds may be used for a number of things, and each company must invest quickly once they have received their funding. The funds that are bringing money to the state may invest in companies a second time, and they will become partners in businesses that are growing rapidly. A business with a fine idea will find it much easier to make the ideas come to life, and they will use their money to hire staff to make their ideas come to life.

#3: How Does The Tax Program Work?

The New Markets Tax Credit is a program that offers tax breaks to anyone in the small business community. Companies that are moving to new areas may take advantage of tax breaks, and funds that offer their money to small businesses may do the same. Each fund established in Connecticut to invest will receive a tax break of their own. The level of investment rises, and the state will have a higher tax base for the future.

#4: How Long Will Investment Last?

Capital partners that wish to invest in businesses in Connecticut may continue to invest each company for as long as they like. They are free to build relationships with companies they appreciate, and they may fund each company more as the years pass. Companies will hire …

Iconic New York Skyscrapers and Their Owners

Manhattan is known for its iconic skyline which reaches high into the air. Anthony Malkin’s Empire State Building has been featured on TV, in movies, and romanticized in novels. When people think of New York’s famous skyscrapers the first one that comes to mind is the Empire State Building. Yet there are so many, here are three more skyscrapers that are worth visiting time you are in the city.

The Woolworth Building

Located at 233 Boardway the Woolworth Building is in the heart of Manhattan. When it was built in 1913 it was the tallest in the world and held that record for 17 years. It is still proudly listed as one of the 20 tallest buildings in New York City. Originally owned by the Woolworth Company, it was sold off in 1998 and is now owned by the Witkoff Group. The building is currently in the midst of a massive renovation. Part of this renovation will include a $110 million penthouse, it will be the most expensive in New York. It is still a mystery who will live there.

The American Radiator Building

Built in 1924, the American Radiator Building is located at 40 W 40 Street. The building was built to represent coal and fire. Black bricks were used and accented with gold. This truly beautiful building stands erect in mid-town Manhattan and is truly stunning. In 1998 it was sold to Phillip Pilevsky who converted it to the 130 room Bryant Park Hotel. It was featured in Georgia O’Keeffe’s Radiator Building, Night – New York.

Rockefeller Center

Of course, no visit to New York City is complete without a visit to 30 Rockefeller Center, famous for being home to NBC. Favorites such as Saturday Night Live and other TV classics have been produced in the studios housed here for decades. It owned by the Rockefeller Group until 2000 when it was sold to Tishman Speyer, led by Jerry Speyer, a longtime friend of the Rockefeller family. Perhaps while visiting you will one of NBC’s many stars.

There are so many beautiful New York skyscrapers, filled with …