Private debt activity slowed sharply in 2019, but 2020 starts crowded

first_imgFundraising and deal-making in the private debt market declined sharply last year although fund managers have kept launching new vehicles, according to data provider Preqin.In 2019, 152 funds reached a final close, securing a combined $107bn (€96bn) from investors, the lowest annual total since 2015 and an 11% decrease compared with 2018.Last year marked the first time since 2014 that the industry did not cross the 200 and $100bn thresholds for fund closes and fundraising volumes, according to Preqin.There were 830 private debt-backed deals with an aggregate value of $48bn in 2019, marking the end of a steady rise in the number of deals and aggregate deal value since 2009. At the beginning of this month there are 436 funds in the market targeting a combined $192bn, compared with 399 and $168bn in January 2019, respectively, and 354 and $169bn at the start of 2018.“Suggestions that the [private debt] market has reached saturation are not fully substantiated, but many investors do seem to be holding off on making commitments, and fundraising has seen its largest ever year-on-year decline,” said Tom Carr, head of private debt at Preqin.“But long-term appetite among investors remains robust, and fund managers certainly believe that there is significant potential yet to be tapped. They will point to declining dry powder as an indication that they are still able to put capital to work, and this may prompt investors to start making commitments again and boosting 2020 fundraising activity.”BNPP AM partners with German SME loan originatorIn other news, BNP Paribas Asset Management (BNPP AM) has added a Germany prong to its small and medium-sized (SME) alternative financing platform, partnering with German digital SME finance provider platform creditshelf.Creditshelf will originate unsecured SME loans between €500,000 and €5m with a term of five to eight year for BNPP AM’s institutional investor clients. The asset manager will make the final credit decision on the loans.Stéphane Blanchoz, head of BNPP AM’s SME alternative financing business, said: “Our partnership with creditshelf will allow us to bring our unique SME loan product to the German market, alongside our existing offering in the UK and the Netherlands.”Banks in Germany do not typically offer terms of five to eight years for unsecured growth financing, noted Daniel Bartsch, founding partner and board member of creditshelf.BNPP AM’s SME alternative financing platform is part of the asset manager’s private debt and real assets investment group. It already has strategic partnerships with origination platforms CODE Investing and Caple; it has a 10% stake in the latter. In 2018 there were nearly 1,400 deals with a total deal value of more than $75bn.center_img Dry powder fell from a peak of $292bn at the end of 2018 to $261bn as of December 2019. This marks the first time the cash pile shrank since 2014 as fund managers deployed capital at a faster pace than they raised it during the year.However, new funds continue to be launched and the marketplace is more crowded than it has been since 2017, according to Preqin’s data.last_img read more

Cross Country Academic All-State

first_imgBatesville Cross Country Runners Calvin Lehman, Kelsey Gausman and Molly Weigel were selected to the IATCCC First Team Academic All-State for Cross Country.To qualify, the student-athlete must be a junior or senior on the tournament roster, have a 3.5 or better GPA and score 1200 or better on the 2 parts of SAT OR above a 28 on the ACT.Congratulations to the three of them for their efforts in the classroom as well as the team!Courtesy of Bulldogs Coach Lisa Gausman.last_img

Classic run takes Roth to checkers at HOT’s 20th anniversary fall special

first_imgAnthony Roth raced to an IMCA Modified career-best $4,000 payday at Heart O’ Texas Speedway’s Fall Classic special. (Photo by Stacy Kolar, Southern Sass Photography)WACO, Texas (Oct. 28) – Anthony Roth got his first look at Heart O’ Texas Speedway when he pulled in for the Thursday practice session that preceded the weekend Fall Classic special.He had a check for $4,000 in his pocket and a season-ending IMCA Modified feature win when he drove out of the pit area at Waco two nights later.“We were looking to end the season on a high note,” said the Columbus driver, who had been KO’d by a late flat while running second in his final outing in his home state of Nebraska. “We were confident going down there that the car would be good.”Forced to qualify through his last-chance race on Saturday after getting together with another car in the opening night feature, Roth started 11th and had the lead nine circuits into the 30-lapper.“Mainly I used the bottom. I got everybody in (turns) one and two and when I got the lead I went to the top,” said Roth, already on the ballot for the Fast Shafts All-Star Invitational ballot. “I got into lapped traffic but was able to find my way around them.”Arizona speedster Brian Schultz, runner-up to Dean Abbey in a photo-finish in the Friday qualifier, was second. Completing the top five in the 20th anniversary event were Justin Radcliff, Kevin Green and Chris Bragg.Roth said Heart O’ Texas was similar to Raceway Park, a South Dakota venue he races at once or twice a year. He’s been bad fast in nine starts in a newly built Razor, winning on season champion­ship night at Beatrice Speedway and sweeping the Iron Cup Weekend at Park Jefferson be­fore the Texas trip.“Four thousand dollars is our career best payday,” said Roth, who had a previous top of $1,555 at Park Jeff’s Salute to Jimmy Cole special this spring. “We’re already looking forward to starting next year with the Arizona Tour. I think it’s going to be a good season.”$1,500 feature winners were Dillon Smith in the IMCA Sunoco Stock Cars and Sid Kiphen in the Scoggin-Dickey Parts Center Southern SportMods. Kevin Smith earned $650 for his IMCA Sunoco Hobby Stock victory.Also the winner of the Bryan Mize Memorial at HO’T in September, Dillon Smith won the Fall Clas­sic for the first time despite getting together with lapped car late in the Stock Car feature.“There as no major damage to the car but I was thinking I’d get a flat tire. I was lucky I didn’t,” said Smith, who had a lead of more than a straightaway when the incident occurred. “I’ve raced the Fall Classic for a lot of years and this is my home track. It’s nice to be able to win this race.”He eked back ahead to win by about five car lengths over Andy Roller, 10th starting Dan Day, Ron­nie Warren and Anthony Otken.Kiphen broke the rear end on his ride during hot laps on Friday – his 55th birthday – borrowed another from T.J. Green and got help from Robert Scrivner putting it on.He passed Scrivner to win their heat, then ran second to him in the qualifier. Scrivner led the first 18 laps in the main event before Kiphen got by for the win.“I started to pressure him on the higher line before we ran side-by-side,” Kiphen said. “Luckily, the old car (a seven-year-old Express) did perfect and success.Kiphen had promised his mother he’d win the race for her when she’d called to wish him a happy birthday. Tim Clonch, Scrivner, Green and Chris Cogburn completed the top five behind him“I just ran the car easy and got what I could get,” said Kiphen, who took Scrivner out for Mexican the Tuesday after the Fall Classic to thank him for his help. “That was probably one of my best races.”Kevin Smith scored the 50th win of his career and his first-ever at the Fall Classic.“I’ve been racing 17 years, most of them in a pure stock, some in a street stock, one in a Modified and I finally got at win at the Fall Classic in a Hobby Stock,” he said following his final night of the season in the Eddie Thompson-owned ride. “It was great. I’ve been through years where just about everything that could happen happened to me at the Fall Classic. If you can think of it, it’s probably happened to me.”Smith got out to a big lead early on, dealt with lapped traffic and then won in front of Cory Stone, Hayden Wade, Joe Williams and Cody Stone following a restart with two laps to go.“I grew up here watching my uncle race. It’s great to finally win this race,” Smith said. “It’s amaz­ing, like winning a track championship. I can finally put that on my list of accomplishments.”Feature ResultsModifieds – 1. Anthony Roth; 2. Brian Schultz; 3. Justin Radcliff; 4. Kevin Green; 5. Chris Bragg; 6. Eric Tomlinson; 7. Josh McGaha; 8. Raymond McSpadden; 9. Jason Batt; 10. Dean Abbey; 11. Rob­ert McKinney; 12. Chris Morris; 13. Darryl Campbell; 14. Chad Guest; 15. Erik Thorne; 16. Erik Miles; 17. Ken Old; 18. Eric Hughes; 19. Matt Guillaume; 20. Tommy Phillips; 21. David Goode Sr.; 22. Chase Allen; 23. Paul White; 24. Jake Henderson. Stock Cars – 1. Dillon Smith; 2. Andy Roller; 3. Dan Day; 4. Ronnie Warren; 5. Anthony Otken; 6. Joe O’Bryan; 7. Mark Adams; 8. Damon Hammond; 9. Billy Briley; 10. Billy Wade; 11. Robin Batt; 12. Wade White; 13. Travis Norman; 14. Charles Brewer; 15. Don Chamblee; 16. Buck Owens; 17. Benji Kirkpatrick; 18. Kenny Merritt; 19. Justin Wierenga; 20. Jake Copeland; 21. Allen Wil­liams; 22. Tyler Smith. Southern SportMods – 1. Sid Kiphen; 2. Tim Clonch; 3. Robert Scrivner; 4. T.J. Green; 5. Chris Cogburn; 6. Jeff Shepperd; 7. Ronnie Bell Jr.; 8. Jon White; 9. Taylor Florio; 10. Chris Florio; 11. John Freeman; 12. Kevin Manning; 13. Gene Burnett; 14. Mitchell Wachsman; 15. Zac Sydney; 16. Chris Birmingham; 17. Rusty Head; 18. Don Painter; 19. Mark Shipman; 20. Casey Brunson; 21. Michael Maraschick; 22. Ranger Shipman. Hobby Stocks – 1. Kevin Smith; 2. Cory Stone; 3. Hayden Wade; 4. Joe Williams; 5. Cody Stone; 6. Jordan Kornegay; 7. Damian Snyder; 8. Jeremy Hendrix; 9. Stacey Robinette; 10. Eddie Thompson; 11. Shannon Dulock.last_img read more

Wildcat Netters Top Indians

first_imgFranklin County High School Boys Varsity Tennis beat Milan High School 4-1.#1 Singles Jack Stirn 6-2, 6-0 vs. Carter Wade#2 Singles Brant Ertel 6-1, 6-0 vs. Nathan Hancock#3 Singles Landen Wuestefeld 3-6, 4-6 vs. Caleb Prozorski#1 Doubles Kurt Oetzel & Lonnie Schwartz 6-3, 6-4 vs. Bo Wade & Brayden Furr#2 Doubles Will Wade & Evan McMillin 6-2, 6-3 vs. Joe Hawk & Shane PhelpsCourtesy of Wildcats Coach Dylan Little.last_img

Publix, Other Grocery Chains Offering Senior Shopping Hours

first_imgPublix is among several companies offering additional time to allow senior customers to purchases necessities as the state navigates through the coronavirus crisis.The chain is designating Tuesday and Wednesday mornings from 7 to 8 a.m. for shoppers ages 65 and up.Meanwhile, the supermarket’s pharmacies will also open at 7 a.m. on those days for seniors to get their prescriptions.Regular store hours are from 8 a.m. to 8 p.m.In addition, Walmart is now opening for seniors between 7 to 8:30 a.m.Target is offering special hours for senior and vulnerable patrons on Wednesdays from 8 to 9 a.m.Dollar General is offering special senior shopping hours every day from 8 to 9 a.m.Whole Foods is generally opening its doors each day from 7 to 8 a.m. for seniors, although hours vary by community.Fresh Market is open for seniors Monday through Friday from 8 to 9 am.Winn-Dixie is designating time for seniors and high-risk customers from 8 to 9 a.m., Monday through Friday in all its stores. Pharmacies will open at 8 a.m. on weekdays. All grocery stores will close at 8 p.m. beginning March 20.According to the Florida Department of Health, there are nearly 400 cases of coronavirus, with eight deaths.Walmart to close early, dedicate 1 hour of shopping each week for seniors onlylast_img read more

No. 13 Oregon looks to extend streak vs Cal

first_img Associated Press SAVVY SENIORS: Oregon’s Payton Pritchard, Shakur Juiston and Anthony Mathis have combined to account for 46 percent of the team’s scoring this season, including 57 percent of all Ducks points over the last five games.MIGHTY MATT: Matt Bradley has connected on 38.7 percent of the 155 3-pointers he’s attempted and has gone 8 for 16 over the last three games. He’s also converted 86.1 percent of his free throws this season.UNDEFEATED WHEN: Cal is a perfect 10-0 when its defense holds opponents to a field goal percentage of 41 percent or less. The Golden Bears are 3-16 when allowing opponents to shoot any better than that.STREAK STATS: Oregon has won its last 15 home games, scoring an average of 81.2 points while giving up 63.8.DID YOU KNOW: Oregon is rated second among Pac-12 teams with an average of 75.2 points per game.___ No. 13 Oregon looks to extend streak vs Cal Share This StoryFacebookTwitteremailPrintLinkedinRedditCal (13-16, 7-9) vs. No. 13 Oregon (22-7, 11-5)Matthew Knight Arena, Eugene, Oregon; Thursday, 11 p.m. ESTBOTTOM LINE: No. 13 Oregon looks for its seventh straight win in the head-to-head series over Cal. In its last six wins against the Golden Bears, Oregon has won by an average of 11 points. Cal’s last win in the series came on Feb. 11, 2016, an 83-63 victory.center_img For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.com March 4, 2020last_img read more

Malinga to retire from ODIs after firstBangladesh match, says Karunaratne

first_imgLASITH Malinga has told Dimuth Karunaratne he will retire from ODIs following the first match against Bangladesh, according to the Sri Lanka captain.The 35-year-old had already announced plans to quit cricket following next year’s T20 World Cup, yet his final ODI appearance is set to come this week.Sri Lanka face Bangladesh in a three-match ODI series, starting on Friday, but Karunaratne is expecting to be without Malinga following the opener in Colombo.“We need to find a wicket-taking bowler because Malinga is not available after this series,” the skipper told a news conference.“He is going to play the first match. After that, he is retiring. That’s what he said to me. I don’t know what he said for the selectors but, for me, he said he is playing only one match.”Malinga has taken 335 wickets in 225 ODIs, sitting third on his country’s all-time list, with 13 dismissals at the recent Cricket World Cup.Karunaratne added ahead of taking on Bangladesh: “As the captain of Sri Lanka, after the World Cup, we need to build a good team.“We are trying to find some new talent, so we are giving some chances to the youngsters in this series. We want to play a good cricket series.”last_img read more

Messi Returns to Barcelona Training

first_imgBarcelona begin their La Liga campaign against Villarreal on 27 September.Messi failed to attend the club’s testing for Covid-19 on 30 August and has been absent from training since sending a fax informing the club of his wish to exercise a clause in his contract which he believed would allow him to leave for free with immediate effect.Both Barcelona and La Liga insisted that clause was no longer valid – with any club wishing to buy him required to pay a release clause of 700m euros (£624m).La Liga president Javier Tebas said at the launch of the 2020-21 La Liga season on Monday he was “never seriously worried” Messi would leave Barcelona this summer.“We want Messi to be with us. He is the best player in the history of football and we want him to end his career in La Liga,” said Tebas.“He has been with us for 20 years and we are so pleased he is staying with us and not going to another league.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Barcelona’s all-time top scorer Lionel Messi has returned to training following his failed attempt to force a move away from the club.Messi, 33, submitted a transfer request on 25 August but said last Friday he would stay because it is “impossible” for any team to pay his release clause.It is the first time the Argentine has trained with his team-mates since the arrival of new manager Ronald Koeman.last_img read more

Kambi seeks to become ‘clutch player’ of NBA betting

first_img GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Share BetInvest: The benefits of separating esports betting markets August 7, 2020 Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Related Articles Submit Share Stockholm-listed sports betting platform and software provider Kambi Group Plc views the start of the new NBA season as yet another early pacesetter for the liberalised US betting market.The technology group has revamped its entire NBA markets inventory, seeking to bring new betting dynamics to the unique sport of basketball.Kambi states that it has developed the sector’s most comprehensive and engaging NBA betting inventory designed to make its US clients the ‘top destinations for basketball wagering’.Developed with a view to engaging audiences from ‘match tip-off to the final buzzer’, Kambi significantly expands its NBA player prop bets for pre-game and in-game markets.Kambi partner sportsbooks will be able to offer unique markets such as ‘type of field goal’, ‘next point scorer’ and ‘total player points’.Furthermore, for seasoned basketball punters Kambi has developed a vast array of ‘pre-game alternative lines’, as well as a selection of ‘relevant in-game lines’, allowing for deeper market variance rather than the standard ‘money line or spread’.Stefanos Moysidis, Kambi Head of Live Basketball, states that the ‘complexity of offering these markets should not be understated’, as Kambi development has had to match ‘official data sources with sophisticated algorithms and uniquely skilled basketball traders.“The NBA has become extremely popular over the last few years, with the game becoming faster, smarter and teams relying on analytics more than ever before,” Moysidis explained.“Superstars are dominating games with a barrage of three-pointers and bettors are increasingly wanting to wager on high-profile players and choose their own lines. At Kambi, we have embraced these changes and developed our offering to cater to a new and more informed audience.” StumbleUponlast_img read more

Ice Bucket mania inflicts Sumner County… don’t forget to donate to ALS

first_imgby Tracy McCue, Sumner Newscow — If you are on social media, you can’t help but see it. People are taking the ALS Ice Bucket Challenge. It’s a quite simple game. You issue a challenge to three people on video that within 24 hours they must pour a bucket of ice water over their heads.  All to help donate or provide awareness for ALS. To learn how to donate click here. It started as a lark.. then celebrities got into the act… then people on Facebook, Instagram, Twitter, etc. started pouring cold ice water over their head as a challenge.Now, people in Sumner County especially in Wellington are getting into the act. Yours truly counted 24 different postings Monday night of people doing the ALS Ice Bucket Challenge.While the rules say with the ALS ice bucket challenge is to either donate money OR get a bucket of ice water dumped on your head, others are saying people should donate AND get a bucket of ice water dumped on your head. Others can simply donate to the cause without getting water dumped on their head.How you play the game is your business, but Sumner Newscow likes the option of charitable giving.Here are a few things about the ALS Ice Bucket Challenge and how it got started:•The earliest known version of this challenge was known as the “Cold Water Challenge.” It was started by the Sheaves For Christ division in New Zealand with a video dated April 26, 2014 challenging others to donate $100 to the mission’s fundraiser.•The challenge was popularized in the United States on June 30, 2014 when the Golf Channel Morning Show televised the social media phenomena and performed a live on-air ice bucket challenge. Soon after, on July 15, 2014 golfer Chris Kennedy did the ice-bucket challenge and challenged his cousin whose husband had ALS for 11 years. A day later she did it in front of her house and the movement began in earnest.•The ice bucket challenge has taken up speed. One can say the ice bucket challenge hit Sumner County in full force last week and by Tuesday it has become a local phenomenon.•The ALS Association announced that it had received $15.6 million in donations compared to $1.8 million during the same time period July 29 to August 18 in the prior year. These donations came from both existing donors and 307,598 new donors to the Association. So what is ALS?ALS is an acronym for Amotrophic lateral sclerosis. A lot of people call it the Lou Gehrig’s Disease – a famous New York Yankee baseball player in the 1920s and 30s who died of the disease in 1941.The disorder causes muscle weakness and atrophy throughout the body due to the degeneration of the upper and lower motor neurons. Individuals affected by the disorder may ultimately lose the ability to initiate and control all voluntary movement.People inflicted with ALS will notice awkwardness when walking or running or notice they are tripping and stumbling. Some may experience slurred speech and have trouble swallowing.Overtime, patients experience more difficult moving, swallowing and speaking or forming words. Pneumonia can develop and maintaining a healthy weight. Eventually people with ALS die of respiratory failure or pneumonia.If you have a ice bucket challenge you would like to share with the public on Sumner Newscow, we will gladly promote it providing you make a donation to ALS. Please send it in a form of a Youtube video so we can share it with others. Our e-mail address is sumnernewscow@gmail.com.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! 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Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more