In which year did the financial project from which Bracebridge Capital made $1.5 begin?
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Bracebridge Capital Bracebridge Capital is a hedge fund based in Boston, Massachusetts. It was co-founded by Nancy Zimmerman and Gabriel Sunshine in 1994. It manages funds from the endowments of Yale University and Princeton University. It also made $1.5 billion from the Argentine debt restructuring. As of February 2016, it had $10.3 billion of assets under management, making it the largest hedge fund managed by a woman in the world.
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Argentine debt restructuring The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's history. A second debt restructuring in 2010 brought the percentage of bonds under some form of repayment to 93%, though ongoing disputes with holdouts remained. Bondholders who participated in the restructuring settled for repayments of around 30% of face value and deferred payment terms, and began to be paid punctually; the value of their nearly worthless bonds also began to rise. The remaining 7% of bondholders later won the right to be repaid in full.
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CapitalSource CapitalSource is a commercial lender that is a division of Pacific Western Bank and provides senior debt loans of $5 million to $100 million to middle-market companies throughout the United States. The company targets specific industries in its portfolio of holdings, particularly focusing on technology, real estate, healthcare, security, small business, golf finance, and equipment leasing companies. With $16 billion in assets and 80 full-service branches located throughout the state of California. Pacific Western Bank is a wholly owned subsidiary of PacWest Bancorp
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Southern Bancorp Southern Bancorp (founded as Southern Development Bancorporation, often referred to simply as "Southern") is a Community Development Financial Institution
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Crowdfunding exemption movement The crowdfunding exemption movement in the U.S. is the effort to exempt relatively small investment offerings (typically $1 million or less), sold to the general public in small blocks, from the registration and compliance requirements demanded of large public companies. Inspired by the growth of non-investment crowdfunding, advocates see such exemptions as a way to spur innovation, economic activity, and small-business job creation, but opponents see such changes as invitations to fraud that will target unsophisticated investors. The movement has seen success with the passage of the Jumpstart Our Business Startups Act and a growing number of state-level exemptions, but as of April 2013, the federal law has not yet gone into effect.
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Highbridge Capital Management Highbridge Capital Management, LLC is a US$25 billion multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992.
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LendingTree LendingTree is an online lending exchange that connects consumers with multiple lenders, banks, and credit partners who compete for business. LendingTree is not a direct supplier of loans; it is instead a broker. Since being founded in 1998 LendingTree has facilitated more than 32 million loan requests . It is headquartered in Charlotte, North Carolina.
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Irvine Company The Irvine Company is an American private company focused on real estate development. It is headquartered in Newport Center, California, with a large portion of its operations centered in and around Irvine, California, a planned city of 250,000 people mainly designed by the Irvine Company. The company was founded by the Irvine family and is currently wholly owned by Donald Bren. Since the company is private, its financials are not released to the public. However, Donald Bren is the richest real estate developer in the United States, valued at $15.2 billion.
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2008 United States federal budget The 2008 United States Federal Budget began as a proposal by President George W. Bush to fund government operations for October 1, 2007 – September 30, 2008.
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One Lincoln Street One Lincoln Street, also known as State Street Financial Center, is a skyscraper in Boston, Massachusetts on the edge of both the Financial District and neighborhood of Chinatown. Completed in 2003, it was built using Boston Redevelopment Authority (BRA) guidelines. Standing at 503 feet (153 m) tall, One Lincoln Street is the 16th-tallest building in Boston. The skyscraper has a five-level underground garage that provides parking for 900 cars. It contains 1,000,000 square feet (93,000 square meter) of office space.
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Capital Research Center Capital Research Center (CRC) is an American conservative non-profit organization located in Washington, D.C. and founded in 1984 by Willa Johnson "to study non-profit organizations, with a special focus on reviving the American traditions of charity, philanthropy, and voluntarism." The group opposes the growth of government-welfare programs and promotes private sector alternatives. It discourages donations by corporations to non-profits supporting what it sees as anti-business or liberal policies. The Capital Research Center is sometimes described as right wing or as being part of the New Right.
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Venture resources Venture resources refers to the process of subsidizing capital needed to develop a product or service in the early stages of a new venture with software development or other HR resources. The most traditional and familiar forms of external financing is to seek capital from Venture Capital Firms, Angel Investors or even banks. Both Venture Resource firms and fund managers seek equity in exchange for cash or resource infusion in this case.
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Kingsbridge Wind Power Project Kingsbridge Wind Power Project, also referred to as Kingsbridge 1 Wind facility , refers to a large wind farm owned and operated by Capital Power Corporation. Kingsbridge 1 Wind facility is located between Goderich and Kincardine, Ontario. The Kingsbridge 1 Wind facility is located on the southeast shore of Lake Huron in the township of Ashfield-Colborne-Wawanosh and consists of 22 1.8 MW Vestas V80 wind turbines with a capacity of 39.6 MW. Each tower is over 78 meters tall and weigh around 195 metric tonnes. The project consists of two phases and currently provides power to on average 12,500 homes.
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Salem Five Cents Bank Salem Five Cents Bank (also known as Salem Five) is a traditional American bank founded in 1855. The bank provides financial services including private banking,
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PRA Group PRA Group, Inc. or PRA, is a publicly traded debt buyer based in Norfolk, Virginia. PRA was listed in the Federal Trade Commission's " Report on the Debt Buying Industry (dated January, 2013) as one of the largest debt buyers in the US. PRA was among the top five debt buyers in the FTC Report. PRA files with the Securities and Exchange Commission (SEC), and in PRA's 2015 Annual Report to the SEC, PRA stated that it had total revenues of $942 million for 2015, and $880 million for 2014. In the SEC filings, PRA's revenues for 2013 were $735 million.
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King Street Capital Management King Street Capital Management is a global investment management company founded in 1995 by Brian J. Higgins and Francis Biondi Jr. King Street Capital Management manages approximately $19 billion. Investments include public equity and fixed income markets globally with a focus in distressed companies, equity, bonds, foreign exchange, warrants, and options.
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Fast Five (consulting) The "Fast Five" were a group of publicly traded consulting firms that developed in the mid 1990s to capitalize on the rapid commercial development of the Internet.
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Kickstarter Kickstarter is an American public-benefit corporation based in Brooklyn, New York, that maintains a global crowdfunding platform focused on creativity. The company's stated mission is to "help bring creative projects to life". Kickstarter has reportedly received more than $1.9 billion in pledges from 9.4 million backers to fund 257,000 creative projects, such as films, music, stage shows, comics, journalism, video games, technology and food-related projects.
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First Round Capital First Round is a venture capital firm that specializes in providing seed-stage funding to technology companies.
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Jeff Aronson Jeffrey Aronson is an American businessman and philanthropist. He co-founded the private investment firm Centerbridge Partners in 2005 with Mark T. Gallogly.
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Dollar Baby The Dollar Baby (also sometimes referred to as the Dollar Deal) is a term coined by best-selling author Stephen King in reference to a select group of students and aspiring filmmakers or theatre producers whom he has granted permission to adapt one of his short stories for $1. The term is used interchangeably to refer to the film or play itself, or the maker (for example, "The Sun Dog" was made as a Dollar Baby, or writer/director Frank Darabont was a Dollar Baby). The production budgets range from a few hundred dollars to over $60,000 ("Umney's Last Case") and the film formats range from home video to professional 35 mm film. A book about the Dollar Baby films was released in July 2015 by Dollar Baby filmmaker Shawn S. Lealos. It tells the story of 19 of the Dollar Baby filmmakers as they talk about making their movies and their careers following their Dollar Babies.
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CIVC Partners CIVC Partners, previously known as Continental Illinois Venture Corporation, is a Chicago-based private equity firm that presently has over $1.3 billion of equity capital under management. The firm's predecessor was established in 1970 as a subsidiary of Continental Illinois National Bank and Trust Company. CIVC Partners provides growth and buyout capital to middle-market companies engaged in business services, financial services, and marketing and information services.