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July 27, 2016
Schorsch’s AR Global to sell BDC adviser to Benefit Street Partners
While terms were not released, the price tag could be as much as $70 million
AR Global, the alternative investment sponsor controlled by Nicholas Schorsch, said on Monday it had reached an agreement to sell the investment adviser of Business Development Corp. of America, a nontraded business development company it started, to Benefit Street Partners, the credit investment arm of Providence Equity Partners, a private equity firm.
Investment advisers to BDCs and nontraded REITs provide management services to those entities and collect fees for doing so.
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Second Annual Blue Vault Broker Dealer Educational Summit 2016
2016 Broker Dealer Educational Summit 2016
May 30, 2016
Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!
