PNC Asset Management Group Names Agati CIO
Amanda Agati will succeed Mark McGlone as chief investment officer of PNC Asset Management Group, effective April 9, upon McGlone’s retirement following a 40-year career.
Amanda Agati will succeed Mark McGlone as chief investment officer of PNC Asset Management Group, effective April 9, upon McGlone’s retirement following a 40-year career.
Apollo Global Management created an impact advisory committee. The committee, chaired by Lisa Hall, will help guide the Apollo Impact platform and includes 11 members who bring diverse backgrounds and expertise across a variety of fields to focus on the firm’s impact investing platform.
Monroe Capital sold a passive minority equity stake to Bonaccord Capital Partners, a division of Aberdeen Standard Investments. Terms of the investment were not disclosed.
Hertz filed its proposed plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. Knighthead Capital Management and Certares Opportunities will serve as the plan sponsors.
Ares Management won four awards from Private Debt Investor and Private Equity International, including Global Fund Manager of the Year, BDC of the Year (Americas), Distressed Debt Investor of the Year (Asia- Pacific) and Lender of the Year (North America).
J.P. Morgan Asset Management launched two hedged equity funds: JPMorgan Hedged Equity 2 and JPMorgan Hedged Equity 3. Both funds will seek S&P 500 equity exposure while hedging overall market risk relative to traditional long-only equity strategies.
The use of patents as loan collateral by early stage companies is extremely rare. But these companies can unlock the collateral value of their patents and secure cost-effective financing by using insurance to transfer business viability risks.