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“July 26, 2024: Updates on New York’s People and Businesses”

"July 26, 2024: Updates on New York's People and Businesses"

ACORE Capital, LP has recently expanded its senior leadership team by appointing Matt Drummond as Senior Managing Director and Head of High-Yield Strategies. In this new role, Drummond will oversee ACORE’s high-yield strategies and work with the firm’s 28-person originations team to deploy capital in higher yielding components of the capital stack. He brings extensive experience from his previous position at Affinius Capital where he co-led opportunistic and preferred equity strategies.

Pryor Cashman welcomes Maxwell Breed as a partner in their Real Estate Litigation Practice based in New York City. Breed joins from Warshaw Burstein where he was a partner, member of the management committee, and co-chair of the litigation group.

Jim Leyritz has joined Kensington Vanguard National Land Services’ New York office bringing over a decade of experience in title insurance industry along with serving on several nonprofit charity boards. Prior to his career in title insurance, Leyritz had a successful 15-year professional baseball career including winning three World Series championships with the New York Yankees.

Pretium adds Liz Bowyer as Senior Managing Director to lead Corporate Affairs overseeing external communications, content strategy,and corporate impact for their specialized investment firm managing over $50 billion assets under management.Bowyer joins Pretium after serving as EVPof Corporate Affairs at Hertzand previously holdingthe positionofManagingDirectorat Goldman Sachsfrom2014to2021where she managed brandandcontentstrategyforthecompany.

Stonepeak,a leading alternative investmentfirm specializingin infrastructureandrealassets,recently announceda definitiveagreementto acquirealloutstandingcommonsharesofArvidaGroupLimited,in an all-cashtransactionvaluedatapproximatelyUS$1.25billion.ArvidaisoneofNewZealand’slargestretirementandagedcareproviderswith35villages throughoutthecountry.Thecompanyhasexperiencedrapidgrowthsinceitsformationin2014,makingitthefourthlargestoperatorofretirementvillagesinNewZealand.

ROH, the hospitality industry’s first payments and revenue management platform designed to increase profitability for hotels, has reached a milestone of over $100 million in booking value. Hotel operators, owners,and brands have utilized ROH across various revenue streams including group bookings, meetings and events,catering services,and leisure sales,resulting in better business outcomes.

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