Softbank acquires Fortress Investment Group

Since its launching in 1998, Fortress Investment Group has been a role model to other companies in the investment management industry. The company was founded in 1998 by three principals, Wes Edens, Randal Nardone, and Rob Kauffman – who retired in 2012-. Formerly, they worked in the financial sector for firms such as Goldman Sachs, Lehman Brothers, BlackRock Financial Management, and UBS. The company welcomed two key management officials in 2002, Michael Novogratz and Peter Briger who were formerly working for Goldman Sachs. Starting from 2006, the company made several acquisitions including the Penn National Gaming, the Canadian Company Intrawest, RailAmerica, and Florida East Coast Industries.

Fortress Investment Group was recorded as the first private equity firm to go public in the New York Stock Exchange, with other companies such as Apollo Global Management, Oaktree Capital Group, Ares Management, Carlyle Group and Och-Ziff Capital Management Group coming in tow. Fortress Investment Group acquired AIG’s American General Financial Services, later re-branded to Springleaf Financial Services. The company flourished to open other headquarters in San Francisco, Shanghai, and Singapore.

Recently, a Japanese banking giant Softbank Group Corporation acquired Fortress Investment group at the cost of $3.3 billion. The amount was divided among the co-founders according to their ratios of investment. Fortress continues to operate as an independent entity in New York with the workforce, and the principals retained. Softbank Group manages great portfolios in the telecommunications, artificial intelligence, smart robotics, internet services, and clean-energy technology. Softbank is dedicated to investing and supporting the next stage of Information Revolution, with the acquisition of Fortress being the strategic action to the addition of investment proficiency. A Force of Innovation: Two Decades of Fortress Investment Group

Fortress Investment Group continues to specialize in the investment sector. Presently, the company operates in three main sectors, Private Equity, Permanent Capital Vehicles, and the Credit division – initiated in 2002 and headed by Peter Briger. The Credit division comprises of several firms including Fortress Japan Opportunity Funds, Drawbridge Special Opportunities Funds, Fortress Real Estate Opportunities Funds, Fortress Credit Opportunities Funds, Fortress Japan Income Fund, Drawbridge Long Dated Value Funds, Fortress Secured Lending Fund, and Drawbridge Real Asset Funds. The company has significant holdings in its Private Vehicles division and the Permanent Capital Vehicles division. Click here

 

GreenSky offers true instant loans for retail customers nationwide

In the real estate development business, one of the key elements that keep projects going is the ability of big developers to resort to a wide range of financing options. This is a good thing for the real estate business. Without creative, dynamic and flexible means of funding million-dollar real estate projects, the industry would quickly grind to a halt and few projects would ever get done.

But drop down just a few notches, even to the six-figure range, and suddenly all of those fancy financing vehicles are no longer available for projects that are too small to get the attention of bigtime financiers, banks and hard money lenders. And this has always been particularly true at the residential level. The truth is that the vast majority of residential real estate projects and transactions are fully funded either with cash or with a traditional mortgage. But for a number of project types, mortgages don’t make any sense. This leaves a broad swath of the residential real estate business completely reliant on cash or low-level credit facilities, like credit cards, for anything to get done at all. And this is not particularly efficient.

Enter GreenSky Credit

In 2006, a brilliant entrepreneur by the name of David Zalik looked at the state of home improvement and realized that there was one crucial element missing. The same kinds of bridge financing options that were available to major developers who did million-dollar renovations of commercial real estate were nonexistent for retail customers even for projects in the six figures. Zalik immediately realized that if he could create a means of providing bridge financing to these customers that there could potentially be billions of dollars in untapped business that would instantly materialize.

This was the idea behind GreenSky. GreenSky Credit quickly proved that the concept had real merit. Going after only prime borrowers who were doing big-ticket renovations allowed GreenSky to easily convince some of the top lenders in the nation to come onboard. And the projects that these loans financed were almost invariably net value-creating, making these loans particularly likely to be paid back on time.

https://portal.greenskycredit.com/merchantloanapplication

A Hundred Grand For An OG’s B-Day

One thing is for sure: Jay-Z knows how to throw one hell of a party. This past weekend was president’ day, but Jay-Z and his crew had a different holiday to celebrate. It was the birthday of a close friend and business associate of Jay-Z named Juan “OG” Perez. Juan and Jay became connected years ago through a mutual friend and a mutual stake in the entertainment business. While their business relationship has not been consistent, there has never been beef. Thanks to their joint foray into the world of sports, these two are likely to continue setting the entertainment world on fire.

So how swank was this party? Well, I’ll give you an idea. The rapper and his entourage enjoyed a dinner consisting of steak, lobster, and sushi at a restaurant called Zuma. The dinner alone cost $13,000. This was followed by about $9000 in drinks. And according to sources, most of it was Cognac, not wine. So you know the whole crew was good and crunked. But these players were just getting started. OG Juan and his good friend took their crews and headed to the exclusive Playroom nightclub where another $91,000 was spent on drinks and various other amenities.

Certainly, this was a party on a level that most people could only dream of. I think a lot of people would have a hard time spending that much money even if they were trying. So all in all, this birthday celebration cost well over a hundred grand. It would be hard to imagine a more perfect example of a pimped-out blowout. Wouldn’t you love to be so successful that a night on the town for your partner’s birthday costs as much as a private island or a fine home? This gigantic swag-fest is justified by the fact that OG Juan and his wife are the powers behind the throne who keep Jay-Z’s businesses running smoothly.

Flavio Maluf Disintegrates Brazil’s GDP

The gross domestic product of a country is one of the prime indicators of its economic health. It represents the country’s value of goods and services produced over a certain period of time. Often, it is referred to as the size of a country’s economy. Usually, GDP is articulated in a comparison statement to the last year. As Flavio Maluf highlights in the case of Brazil’s agricultural GDP, this factor can determine the economic state of a country.

Background Data

Brazil is one of the states that will be attending BRICS meeting. Other countries involved are China, India South Africa and Russia. The agenda of the discussion will be highlighting trade including Trump’s tariffs. Other issues that will be discussed entail strategies that can assist these countries gain more output in their GDP. Read more about Flavio Maluf at Wikipedia.

Maluf’s Sentiments on Livestock

According to Maluf, Brazil is registering positive GDP. As one of the states with the largest economies in the world, it has grown by 1.2 % during the first quarter of the year. The livestock sector seems to be registering improvement. In the first quarter, it was 2.6% leading to the tucker’s strike in May. This move has been detrimental to the agriculture sector. Many people lost their jobs since the harvest was slower compared to the initial season. There was also transportation breakdown.

Farming

Additionally, sugarcane, coffee, meat-based products could hardly be exported. Since most of the products are harvested in the first quarter of the year, farmers expected to harvest more products in 2017. But that was not possible since the GDP was rather lower compared to other years.

Personal Profile

Flavio Maluf is one of Brazil’s leading entrepreneurs. His grandfather founded Eucatex, an existing manufacturing firm that produces building materials including ceiling tiles from Eucalyptus. Over the years, Maluf worked to understand the system of the business and become the head cheerleader. Under his guidance, he has helped many manufacturing companies produce better results by initiating invaluable strategies to improve people’s lives. As the CEO, Maluf comes up with systems that propel the company towards success. As a business leader, he often addresses issues affecting the market price, shift and the environment in general. Learn more: https://www.terra.com.br/noticias/dino/conheca-com-o-empresario-flavio-maluf-alguns-mitos-e-verdades-a-respeito-de-ser-um-empreendedor,21991ecd7b49587604a2d972ecada3b6lz1vsqwr.html

 

 

The Reviews are in for Dr. Jennifer Walden

Board Certified Plastic Surgeon and mother of two Dr. Jennifer Walden is currently operating her practice out of Austin, Texas. An active member of the American Society for Aesthetic Plastic Surgery, Dr. Walden is one of the few female plastic surgeons in Texas who has been fellowship trained in cosmetic surgery. Her practice, Walden Cosmetic Surgery and Laser Center, offers a wide variety of procedures from breast augmentation to hair restoration to IV hydration therapy. Dr. Walden’s practice has been well reviewed from her many patients which travel from across the country to visit her practice.

Dr. Walden’s excellent ratings speak for themselves, but her patients have vouched for her wonderful bedside manner and expertise as well. Dr. Walden’s patients have reviewed her work on face lifts, breast reductions, brow lifts, rhinoplasties, fat transfers, and more. Reviews are quick to note how beautiful and comfortable her office is, staffed with friendly faces. Reviews have noted her office is “friendly and compassionate” and that nurses were, “so kind prior to, during, and after the surgery.”

Dr. Walden is noted as being an excellent surgeon who makes her patients feel both comfortable and educated about their upcoming procedure. Dr. Walden is noted as having excellent credentials and willing to answer any and all questions that her patients have. Many reviewers noted that their experience went even better than they had hoped and would return to Dr. Walden’s clinic, Walden Cosmetic Surgery and Laser Center, for any future cosmetic needs.

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Jed McCaleb talks of payment system for cryptocurrencies

The biggest challenge that is facing the cryptocurrencies industry is the lack of an adequate system that will allow the traditional financial sector to accept them. It is sad that a decade after the launch of the first cryptocurrency, they are yet to get acceptance, especially by the financial institutions and governments. No payment system will allow you to make purchases via the digital currencies,. Unless the person on the other end is interested in the currency, there is no way that a payment can be done. This is the number one challenge that faces the industry. However, this is about to change once a new universal system is created. Already the process is ongoing and is being done by three main elements. There is the Stellar Foundation, IBM, and large banks. IBM is using the Stellar network to create a stem that will serve this purpose.

 

Jed McCaleb is also very popular in the industry for being a lead innovator. He has been in various organizations before he formed his own known as Stellar Foundation. In all the companies he has worked for, his results were spectacular and proved that he had the potential and capacity to carry out the operations of the industry with ease. Apart from the organizations he has worked for, there is also personal projects that he has carried out. He was the innovator of Mt. Gox, a platform that offered centralized bitcoin exchange services.

 

Jed McCaleb is optimistic that there will be a payment system in few years to come that will be able to facilitate transactions such as we deal with fiat money. The payment system that he is talking about is about to take shape, and as a result, we will be free to transact with cryptocurrencies such as Stellar’s Lumens (XML).

 

The payment system will be utilizing Stellar network which is simplified and easy to maintain, unlike bitcoin. The world will also see the rise in the number of people who will be willing to accept digital currencies. It is for people like Jed McCaleb that there is hope that the industry will survive for years.

Shafik Sachedina And His Role At The Institute Of Ismaili Studies

You may have heard the name Shafik Sachedina connected to the company Sussex Healthcare, but Dr. Shafik Sachedina also plays an important part at The Institute of Ismaili Studies. As the head of the department of Jamati Institutions, he coordinates projects and work from different departments at The Institute of Ismaili Studies.

Located in London, England, Shafik is actively involved in promoting a more positive view of Institute of Ismaili Studies, as well as helping members to have a better understanding of the history of the faith and teaching more about little-known concepts and knowledge pertaining to Islam.

Although he is busy with his role at Sussex Healthcare as joint chairman, he does a lot at The Institute of Ismaili Studies. One of his many activities is traveling around the world to promote the Ismaili Studies objectives and sharing the peaceful side of the faith.

Shafik Sachedina was born in Tanzania and ended up getting his degree as a dental doctor at the Guy’s Hospital Medical and Dental School. This was back in 1975. He also has an office Aiglemont, France where he has a position at the Secretariat of Aga Khan.

Because of his office, he is actively involved with the Aga khan Development Network Programs to help promote the Ismaili studies. Not only does he do a lot for the institute, but he also does a lot for aid and humanitarian help in third world countries.

The Aga Khan and Jamati institutions are dedicated to providing help and volunteers for communities, as it’s a part of their belief and faith and Shafik Sachedina may be one of the most well-known dental surgeons and leads Sussex Healthcare, but that doesn’t take away from his desire to help those who need aid.

From his medical career to his participation with the Ismaili studies, he’s an active individual in his community.

Check more about Shafik Sachedina: https://www.behance.net/ShafikSachedina

Desiree Perez: A Quiet Force to be Reckoned With

Desiree Perez has been silently infiltrating the music industry for quite some time. She is a COO at Roc Nation and is considered a member of Jay Z’s close inner circle. This is no surprise given her insane success at influencing, creating, and closing deals. Her involvement in a $200 million investment that Sprint made in TIDAL, has thrust her into the spotlight recently. TIDAL is a music streaming service started by Jay-Z and a collective of artists in 2015. Prior to its official release date Sprint allowed one million customers to download Jay Z’s latest album, 4:44, for free which helped Jay earn a platinum plaque for it before the rest of the world even got access to it. Over the past few years, Perez has been a vital part of several such deals. Billboard has even referred to her as “Roc Nation’s Rock” because of how much she has done for the company. .

Prior to the deal with Sprint, some of her most notable dealings were negotiating the Beyonce Formation stadium tour and a deal between Rihanna and Samsung. She is also credited with playing a huge role in helping TIDAL increase its number of subscribers when it was first starting out. Perez is often referred to as a “fierce negotiator” who is great at her job and goes above and beyond to ensure success. She is proof that there are music industry giants both in the spotlight and behind the scenes. Without talented people like Desiree Perez working behind the scenes, the industry wouldn’t be as huge as it is.

Eric Lefkofsky: Creating the Tempus Database

One of the greatest inventions in the field of medical science is the Tempus database. It was created by Eric Lefkofsky through his company, Tempus, where he is serving as the chief executive officer. He founded the company with the primary objective of building something that would benefit those who are working in the medical field, hoping that the invention he is going to create would build bridges and would alleviate the level of productivity and knowledge among his colleagues. Because of the Tempus database, Eric Lefkofsky was given the recognition as one of the most astounding innovators in the field of medical science.

Graduating from the University of Michigan and the University of Michigan Law School, Eric Lefkofsky noticed that medical data from around the world are not organized into a single program. Medical practitioners have to browse through several computer data and hard copies of information, before they can find the answer that they are searching for. He had the idea to build a database that is able to collect all known information about medical science, and after multiple experiments, his creation became a success and called it as the Tempus database. Today, it is considered as the largest database with several collections of clinical and molecular data, and it is available to all people who are into medical science.

People who are suffering from fatal diseases like cancer are the ones who would benefit a lot from the creation of Tempus. Eric Lefkofsky designed the database so that it can store data from one source and it can be viewed later on by another individual. Through sharing the knowledge available from one place to another, Eric Lefkofsky is hoping that a new treatment or cure can be developed. The Tempus database usually follows a flowchart that focuses on four main actions: sequencing, analytics, reporting and validation.

The Tempus database has been recognized by the scientific community as the future of medical data storage, and they praised Eric Lefkofsky for his invention. Medical practitioners from around the world have started using the system, and so far, most of the feedbacks are positive, stating that the method to transfer information is remarkable.

@ Facebook.com/eplefkofsky/

Lacey and Larkin Frontera Fund Addressing Basic Freedoms and Rights through Partnerships

Before the DREAM Act, there was the proposed ACHIEVE Act. However, unlike the DREAM Act, the ACHIEVE Act did not have provisions through which young immigrants would become a citizen. Former Senator Jon Kyl insinuated that many immigrants could become citizens through marriage sparking a massive debate in 2012. Read more: Michael Lacey | Twitter

In the US, a spouse who is already a citizen can help the other obtain citizenships. Senator Kyl’s comments led to the formation of the Citizen4Me platform that enabled young immigrants share their thoughts and pictures.

Undocumented migrants go through a rigorous process to obtain residency. There are qualifications that one has to meet to adjust status. By 2015, the estimated number of undocumented immigrants was 11 million undocumented.

Many immigrants desire the opportunity to pursue education further or better themselves. In fact, the longing for better prospects is the reason why most people leave their countries. Deliberate actions by states and federal governments to support these pursuits such as the DREAM act have been a relief for many.

Immigrating to another country exposes one to benefits and challenges in equal measure. Most undocumented immigrants cannot access well-paying jobs, healthcare, education or let alone meet their needs. Immigrants also have to abide by the legislation in the host country or state even though they may not always be favorable. Learn more about Jim Larkin and Michael Lacey: http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/ and http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/relevant-links/

Immigrant profiling and discrimination are also some of the challenges faced. In many instances, human, civic and migrant rights groups have had to step in to fight for the freedoms of the immigrants.

The Lacey and Larkin Frontera fund founded in 2007, seeks to provide a voice for the minority in the state of Arizona and other areas. Founders Michael Lacey and Jim Larkin decided to channel the money received as settlement for wrongful detention towards a fund that could address issues faced by the minority.

Before the Frontera fund, the two media executives championed for the rights of others through print media. Mike and Jim highlighted the plight of the jails in Maricopa County and how Latinos became wrongfully profiled.

Through partnerships with other organizations like the Arizona Dream Act Coalition, Aliento, and Justice that Work, the Frontera Fund advocates for the rights of the others. The Lacey and Larkin Frontera Fund also supports events such as Can the Border Divide Us, arts exhibitions, lectures and panel discussions that address the plight of immigrants.

The Arizona Dream Act Coalition prioritizes the fight for access to higher education for immigrants. According to the Arizona state laws also known as Prop 300, undocumented immigrant students have to pay out-of-state tuition fees and are ineligible for public scholarships. As a result, some students in the state have had to drop out. Aliento which is youth-led works around healing through advocacy and art. Read more; Michael Lacey | Twitter

The International Justice Resource Center also helps immigrants by providing skills, guidance, and information to assist them in acquiring accountability and justice.

The human rights organization has an online resource platform that has legal materials, advocacy support information and training manuals to educate immigrants on rights. The objective of IJRC is to ensure the protection of rights and freedom through empowering others.

The journey towards improving one’s life can be challenging especially for immigrants. As such it is crucial to help them access fundamental rights and freedoms.