To save its economy, Connecticut approves aid package for its 2nd hedge fund which will grant benefits to the people and the current industry.
Connecticut
Connecticut — Hartfod is now the setting of the “Soiree de la Hartford Investment Club.”
The latest rankings on most expensive states in the US reveal that New York is no more the most expensive place in America. The Aloha State (Hawaii became Aloha State officially by 1959 Legislative Act) moved up to the top position in the list of most expensive state in the US for first quarter of 2015 from second most expensive state status in 2014.
The states of Illinois, Kentucky and Connecticut, according to a study by Pew Charitable Trust, have been found underfunded by at least $1 trillion.
Connecticut Governor Dannel Malloy said on Wednesday that he wants to create a "lock box" for transportation funding because states that do not invest in infrastructure will face long-term economic struggles.
Stamford, Connecticut-based private consulting firm CBP bought Warren, New Jersey-based employee group benefits firm Beacon Financial Group (BFG) and has taken a majority stake in Beacon Retiree Benefits Group (BRBG) for an undisclosed sum.
Joseph Lieberman, a former US senator from Connecticut and onetime vice-presidential candidate, will join private equity firm Victory Park Capital Advisors LLC as chairman of its executive board.
Connecticut, US-based pharmaceutical firm Mederi Therapeutics raised $18.5 million in a Series B funding round for the sales and marketing of its treatment for Gastrointestinal Reflux Disease (GERD) and fecal incontinence.
Chicago steak and seafood supplier Allen Brothers has been sold to publicly-traded specialty food products distributor Chefs' Warehouse Inc. for $29.9 million. Under the deal, Chefs' Warehouse will be paying $20 million in cash and $9.9 million in debt.
A group headed by Dallas investor Tom Hicks has bought Dallas-based automotive services chain Just Brakes for an undisclosed sum, with plans to improve and expand the said business.
American firearms maker Freedom Group plans to raise $175 million from Wall Street financial institutions, according to a Reuters report. Cerberus Capital Management, which tried to exit the company last year, earlier opted for a $200 million mezzanine debt to pay off Freedom Group's investors.
Denise Nappier, Connecticut's state treasurer, is considering to make a USD125 million investment in Apollo Global Management's Fund VIII. Fund VIII has already raised more than its USD12 billion target.
New York-based wealth advisory firm Snowden Capital Advisors LLC entered into an agreement with private equity fund Estancia Capital Partners LP for a strategic growth capital investment.
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