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Updated April 29
Biden-Powell duo seeks to define an era as Reagan-Volcker did
Forty years after Ronald Reagan and Paul Volcker oversaw a root-and-branch restructuring of the U.S. economy, President Biden and Jerome Powell are trying to do the same – only in reverse.
By Rich MillerBloomberg
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One World Trade Center and the lower Manhattan skyline along the waterfront in Jersey City, N.J., on April 5. Michael Nagle/Bloomberg
Forty years ago, President Ronald Reagan and Federal Reserve Chairman Paul Volcker oversaw a root-and-branch restructuring of the U.S. economy.
Today, Joe Biden and Jerome Powell are trying to do the same thing – only in reverse.
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Milbank Helps With $101M Pimco Loan For New York Property
Law360 (April 30, 2021, 5:35 PM EDT) A Pimco entity has loaned roughly $100.7 million to Centaur Properties for residential and commercial space at a Manhattan West 27th Street property and Milbank worked on the transaction, according to records made public in New York on Friday.
The loan from Jardim XX LLC, which is affiliated with Newport Beach, California-based Pacific Investment Management Co. LLC, is for 527 W. 27th St. and is an assumption of pre-existing debt on the property on the part of Pimco.
Mortgage documents filed in New York on Friday show Erwin Dweck, a New York-based partner at Milbank LLP, worked on the deal, although.
New Mexico council earmarks $340 million for 4 alts funds
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New Mexico State Investment Council, Santa Fe, committed a total of $340 million to four alternative investment funds, said Charles Wollmann, spokesman for the $33 billion endowments, in an email.
The council at its Tuesday meeting committed $100 million each to Carlyle Realty Partners IX, an opportunistic real estate fund managed by
The Carlyle Group; PIMCO BRAVO IV, a special situations fund managed by
Pacific Investment Management Co.; and Strategic Value Special Situations Fund V, a distressed fund managed by
Strategic Value Partners.
The council also committed $40 million to ICONIQ Strategic Partners VI, a technology growth equity fund managed by