Wilmington-based Boreas Monitoring Solutions won the Big Launch Challenge on Thursday, earning a $10k check. Hear how he plans to use the funds and which other startup took home prize money.
Billionaire Oaktree Co-Founder’s Family Office Took 2020 PPP Loan
Posted on 05/14/2021
Bruce Karsh co-founded Oaktree Capital Management in 1995, later becoming the firm’s Co-Chairman and CIO. As of August 2020, according to Forbes magazine, he has a net worth of US$ 2.1 billion. Carolwood Capital Partners LLC (Carolwood Capital Management LLC) is Karsh’s family office. Located in the glitz 90210 Beverly Hills zipcode, Carolwood Capital Partners LLC reported 18 jobs and took out a PPP loan that was approved on May 1, 2020 for the amount of US$ 97,419. Based on a number of assumptions, Carolwood Capital Partners LLC’s 2019 payroll expenses are estimated to be at least US$ 467,611.