Who funds Cuomo’s Puerto Rico trips?

October 20, 2020 0 Comments

first_imgHere are some questions for the taxpayers and legislators of New York state. What do you think is Gov. Andrew Cuomo’s motives are for all these trips to Puerto Rico? Is he allowed to use New York states’ resources, including money, manpower and air transportation, without questions as to who funded these trips? Is there no ethics committee with any guts to question his spending taxpayers’ funds without authorization or file charges against him? Finally, could it be that New York state has a large Puerto Rican population in our state and Cuomo’s using our resources to further his political ambitions? Either way, there must be checks and balances and accountability even for the self-appointed king of New York. Question is, where is it?Rick SplawnikAmsterdamMore from The Daily Gazette:EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the censusFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Beware of voter intimidation Categories: Letters to the Editor, Opinionlast_img read more

ERAFP awards unlisted infrastructure, private equity mandates

September 29, 2020 0 Comments

first_imgIt is a mandate to invest in unlisted, vital, public infrastructure assets that are or will be built mainly in EU countries.The risk approach should be moderate, with Ardian tasked with building a mixed greenfield and brownfield portfolio mainly through primary investments in new infrastructure funds or secondary investments in existing funds and, to a lesser degree, through direct investments and/or co-investments in contractors.The private equity mandate also aims to diversify ERAFP’s investments, in this case by contributing to the financing of the French and European economies.The mandate is for the creation of a dedicated fund that will invest primary in unlisted European mid-market companies through growth capital or buyout transactions.It may also invest via mezzanine and unitranche financing but to a lesser degree.The investments are to be made mainly through primary or secondary funds.The fund will target investments in companies with a registered office in France, Germany, the Benelux countries, the UK, Finland, Sweden and/or Denmark.Italy, Spain, Portugal or other OECD countries also come into question but to a lesser degree.Both mandates are for an initial 10 years. French civil service pension fund ERAFP has awarded a €150m infrastructure mandate and a €200m private equity mandate as part of a move to take up new investment freedoms granted by the government in late 2014.The mandates were put out to tender early last year.The infrastructure mandate was awarded to Ardian France and the private equity mandate to Access Capital Partners.The €26bn pension fund placed the infrastructure mandate in the context of its aim to diversify by using “some of its long-term savings to develop sustainable assets that drive economic development and the energy transition and are useful to future generations”.last_img read more