Loop Capital Acquires Smith Graham Investment Advisors’ Fixed Income Assets

CHICAGO, November 2, 2022 – Loop Capital, LLC today announced its acquisition of Smith Graham & Co. Investment Advisors’ (“Smith Graham”) fixed income investment management assets effective November 1, 2022.

Loop Capital, LLC purchased $3.4 billion fixed income assets under management from Smith Graham.  The acquisition will bring Loop Capital’s subsidiary, Loop Capital Asset Management‘s (LCAM), total assets under management to nearly $10 billion and increases the number of investment management professionals servicing its clients to over 30 employees.

The transaction with Smith Graham is Loop Capital’s second in the asset management space, having acquired the U.S. fixed income business from the BMO Global Asset Management earlier in the year.

“At Loop Capital, we view market volatility as an attractive opportunity to increase the number of solutions we offer our clients and partners.” said Jim Reynolds, Chairman and CEO of Loop Capital.  “Asset management is a strategic growth engine for Loop, and this transaction increases our scale, while also enhancing the fixed income solutions, particularly in the area of liquidity solutions,” said Reynolds.  Gerald Smith, Chairman of Smith Graham added, “The combination of our two asset management teams creates a tier-one fixed income solutions provider, managing assets across the entire fixed income spectrum– from cash management to LDI strategies.”

As Loop Capital looks to its future in asset management, the company does not rule out further engagement with external talent, despite the volatile markets. Scott Kimball, CIO of LCAM added, “For our team, Loop Capital provides us with an entrepreneurial partner whose investment into asset management is just ramping up at a time many are looking to scale back.”  Adam Phillips, Head of Business Development for LCAM concurred, “In markets like the one we’re currently experiencing, a growth mindset is critical as we continue to invest in our team and extend our investment process into new and exciting strategies and vehicles.”

About Loop Capital Markets

Loop Capital is a full-service investment bank, brokerage and advisory firm that provides creative capital solutions for corporate, governmental and institutional entities across the globe. Loop Capital’s reputation for integrity and service – coupled with the firm’s track record of success – has allowed the firm to serve an expanding number of clients from coast-to-coast and globally. The firm continues to grow because clients continue to ask them to do more for them. The firm’s uncompromising commitment to excellence means that clients get superior, focused service across the entire platform.

Media Contact:

Celeste Wright Harris

Celeste.wright-harris@loopcapital.com

KKR Teams Up With Loop Capital to Offer Equity Research

Loop Capital Markets To Host Third Annual Investor Conference June 1-2, 2022

We are excited to be hosting our 3rd Annual Loop Capital Markets Investor Conference June 1st (virtual) and June 2nd (at the Westin New York at Times Square). We are hosting 150 companies for 1x1s and group meetings. There will also be 5 additional panel presentations. Please contact your Loop representative for additional information.

Loop Capital Markets To Host Third Annual Investor Conference June 1-2, 2022

Loop Capital Markets is hosting its third annual Investor Conference, including company meetings and panel discussions, June 1st (virtual) and June 2nd (at the Westin New York at Times Square). Please contact your Loop representative for additional information.

Scott Kimball, Managing Director, Loop Capital Asset Management – Bond Sell-Off Makes A Good Entry Point

Scott Kimball, Managing Director at Loop Capital Asset Management, says the five and year treasury yields just briefly inverted for a moment. I think that the market may have been a bit off guard by how hawkish the Fed commentary was, with seven total hikes for 2022, he adds. He said the Fed did leave themselves a little bit of flexibility to address things in both directions. He sees the 10% sell-off in corporate bonds as an entry point. He says corporate balance sheets look great. Tune in for the full discussion.

Loop Capital Acquires Taplin, Canida & Habacht, LLC From BMO Asset Management Corp.

CHICAGO, January 31, 2022 – Loop Capital, LLC (Loop Capital) today announced its acquisition of Taplin, Canida & Habacht, LLC (TCH), formerly part of BMO Asset Management Corp., effective January 28, 2022.  The addition of the TCH team to the Loop Capital platform expands the firm’s asset management capabilities, which presently include infrastructure asset management through JLC Infrastructure. The terms of the deal are undisclosed. The newly rebranded asset management platform at Loop Capital will be known as Loop Capital Asset Management.

Founded in 1985, TCH is a Miami-based investment advisory firm, which specializes in fixed income account management, serving a broad array of institutional clients globally. Its team of professionals provides portfolio management for both public and private enterprises. The firm has $6.2 billion in assets under management as of December 31, 2021.

“Loop Capital is proud to accelerate our growth as a firm through the acquisition of the well-respected and talented TCH team. We are incredibly excited for what this expansion means to the strength of our future as a firm and our clients alike,” says Kourtney Gibson, President of Loop Capital.

Of the deal, Loop Capital Asset Management new Co-Head of Fixed Income and Head of Investments, Scott Kimball has this to say: “This transaction preserves the TCH investment culture and returns our firm to its roots as a boutique asset manager under the umbrella of a highly respected, minority-led firm with whom we share the same core values. Both TCH and Loop Capital have a history of providing our clients with superior performance and exemplary service while promoting a diverse and inclusive environment for our employees.  We could not be more excited to take our legacy forward with Loop Capital Asset Management.”

The acquisition provides Loop Capital with a foundation to broaden its service offerings and builds upon the success of the firm’s steady and growing asset management business and capabilities.

“As we look to the future of this business, we believe this combination is one of the best possible opportunities for our team.  We could not be more excited about joining Loop Capital Asset Management and what it means for our clients, our culture and our team,” says Adam Phillips, Managing Director and new Co-Head of Fixed Income at Loop Capital Asset Management.

Jim Reynolds, Chairman and CEO of Loop Capital says, “Loop Capital and TCH share a decades-long working relationship, and I’m pleased that it has led to this moment. Our team looks forward to the value this new extension of services provides to our clients.”

About Loop Capital Markets

Loop Capital is a full-service investment bank, brokerage and advisory firm that provides creative capital solutions for corporate, governmental and institutional entities across the globe. Loop Capital’s reputation for integrity and service – coupled with the firm’s track record of success – has allowed the firm to serve an expanding number of clients from coast-to-coast and globally. The firm continues to grow because clients continue to ask them to do more for them. The firm’s uncompromising commitment to excellence means that clients get superior, focused service across the entire platform.

Media Contact:

Jorian Seay-Saunders | Jorian.Seay@loopcapital.com

JLC Infrastructure and its consortium partners reach agreement with the Port Authority of NY & NJ to build and operate a new 2.4 million square foot state-of-the-art international terminal that will anchor the south side of JFK International Airport

NEW YORK – December 13, 2021 – JLC Infrastructure welcomed Governor Kathy Hochul’s announcement that the Port Authority of New York and New Jersey has reached a revised agreement with The New Terminal One (NTO) – a consortium of which includes JLC as a member – to build a 2.4 million square foot state-of-the-art new international terminal that will anchor the south side of John F. Kennedy International Airport. Subject to Port Authority’s Board approval this week, the Port Authority will finalize and enter into a lease agreement with NTO for the construction and operation of the new terminal. The terminal will be privately financed by the NTO consortium, including financial partners JLC Infrastructure, Carlyle and Ullico. A joint venture of Munich Airport International and CAG Holdings is the technical services partner to the consortium. The terminal will be constructed by a design build team led by AECOM Tishman, which has managed construction of some of the world’s most iconic buildings, and Gensler, a leading global design and architecture firm.

“Governor Hochul, Port Executive Director Rick Cotton and the entire Port team worked tirelessly to make this project happen because they are committed to providing real opportunities for all New Yorkers,” said Jim Reynolds, co-founder and managing partner of JLC Infrastructure. “The New Terminal One has shifted the paradigm for public-private partnerships by engaging the local community to deliver a world-class facility. It will serve as a model for large infrastructure projects across the country.”

Construction of the project is expected to begin in mid-2022 and the first gates are scheduled to open in 2026. The New Terminal One will be built in phases, with full completion anticipated in approximately 2030. The New Terminal One will be a 23-gate, state-of-the-art terminal. Sustainably designed and future focused, the terminal will feature expansive, naturally-lit, public spaces, cutting edge technology, and an array of amenities, all designed to enhance the customer experience and compete with some of the highest-rated airport terminals in the world. The terminal will have more than 300,000 square feet of dining, retail, lounges, and recreational space.

Earvin “Magic” Johnson, co-founder of JLC Infrastructure said, “The New Terminal One project is another example of JLC’s core investment philosophy of investing in critical infrastructure projects that are good for our investors while also fostering economic growth by creating job opportunities in the communities that the projects serve. We are committed to exceeding the goal of 30% Minority and Women Owned Business Enterprises participation in the project.” To date, NTO has contracted with 71 MWBE firms and paid them more than $46 million for delivering key engineering, planning, and design work.

About JLC Infrastructure

JLC Infrastructure is an investor and asset management firm focused on the sustainable energy, utilities, transportation and social infrastructure sectors in the U.S. US public-private partnership projects and public infrastructure assets are core components of JLC’s investment strategy. The firm was formed in 2015 by Earvin “Magic” Johnson of Magic Johnson Enterprises and Jim Reynolds of Loop Capital. JLC has a broad network of long-standing relationships with municipalities, governments, infrastructure companies, strategic partners, advisors and financing providers throughout the country and seeks to invest in critical infrastructure projects that provide long term benefits to the communities they serve. For more information, please visit JLC’s website.

CNBC’s “Fast Money Halftime Report”

CNBC’s Fast Money Halftime Report 10-22 from Nancy Ziagos on Vimeo.

Loop Capital’s Jim Reynolds on the road ahead for stocks.

Jim Reynolds, founder and CEO of Loop Capital, joins the Halftime Report with his outlook on the markets. “Inflation is definitely transitory,” he tells Scott Wapner.

Jim Reynolds on CNBC’s TechCheck

Jim Reynolds joined CNBC TechCheck to discuss investing in cities in order to address the digital divide that leaves many children in urban areas without internet access. Watch the discussion here.

Loop Capital and Goldman Sachs Announce Cash Management Solution to Advance Racial Equity and Build Diverse Talent

Clients of Black-led financial services firm Loop Capital and Goldman Sachs will have access to new money market fund share classes that will help fund scholarships for Black women; Google made a $500 million catalytic seed investment and played a foundational role in developing the fund

NEW YORK – September 15, 2021 – Loop Capital Markets (“Loop Capital”), a Black-led investment bank, brokerage and advisory firm, and Goldman Sachs announced today a partnership to offer cash management solutions that will allow companies to advance racial equity by creating economic opportunity within diverse communities and providing funding for educational and career development for Black women in science, technology, engineering, mathematics (STEM) and related fields.

The two money market fund share class offerings will be available exclusively to clients of Loop Capital and Goldman Sachs and a portion of the revenue from the share classes will go to causes that have an impact on increasing racial equity. The Loop Capital share classes will be offered as part of the Goldman Sachs Financial Square Government Fund (LEIXX) and Goldman Sachs Financial Square Treasury Instruments Fund (LDIXX), which are Goldman Sachs Asset Management’s two largest US money market funds. Google has made a $500 million catalytic seed investment in the funds and played a foundational role in developing the fund.

Kourtney Gibson, President of Loop Capital Markets, said: “We are delighted to have partnered with Goldman Sachs and Google on this important initiative. This launch creates a partnership for corporations to use the cash on their balance sheets to further opportunities for Black women and have a real, lasting impact on communities far and wide.”

The partnership will ensure the products play a role in promoting racial equity in financial services and beyond as part of Goldman Sachs’ One Million Black Women initiative, a $10 billion investment strategy alongside $100 million in philanthropic support to help narrow opportunity gaps and positively impact the lives of at least one million Black women over the next decade.

“This launch with Google demonstrates our shared commitment to both partner with organizations like Loop Capital that are led by Black women and to create commercial solutions to advance racial equity,” said Margaret Anadu, Global Head of Sustainability and Impact for Goldman Sachs Asset Management. “Rooted in our belief that diversity is foundational to success, this partnership will create opportunities for young Black women pursuing careers in STEM and related fields, aligning directly with our One Million Black Women initiative.”

Loop Capital and Goldman Sachs will make an annual donation from the net revenue they earn from the share classes to fund organizations creating opportunities for Black women, including funding educational and career development. Scholarship recipients will also be provided with access to comprehensive training, networking opportunities, career coaching and mentoring.

Juan Rajlin, Corporate Treasurer for Alphabet and Google said: “We’re proud to be at the forefront of incorporating responsible investing into the money market fund ecosystem, translating our racial equity commitments into lasting and meaningful change. This share class, distributed by Loop Capital, will create economic opportunity within diverse communities and promote educational and career development for Black women in STEM. We hope to inspire other corporates to invest in these types of opportunities to make a positive impact.”

The new share classes build upon Goldman Sachs’ commitment to furthering its relationship with diverse broker-dealers, including veteran- and female-led firms, most recently R. Seelaus as well as Drexel Hamilton. In 2018, Goldman Sachs Asset Management became the first investment manager to offer a money market fund with a trading strategy that seeks to place purchase orders for portfolio transactions with women-, minority- and veteran-owned broker-dealers, subject to Goldman Sachs’ duty to seek best execution for fund orders.

Google is committed to helping create sustainable equity and economic opportunity for all. This investment builds upon more than $320 million it has committed to organizations working to address racial inequities, including Google’s partnership with Opportunity Finance Network to support CDFIs, and prior investments in money market funds distributed by diverse-led CDFIs and minority depository institutions (MDIs).

About Goldman Sachs Asset Management

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of June 30, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn.

About Goldman Sachs’ One Million Black Women Initiative

Goldman Sachs’ One Million Black Women initiative, is a $10 billion investment strategy alongside $100 million in philanthropic support to help narrow opportunity gaps and positively impact the lives of at least one million Black women over the next decade. Launched in partnership with Black women-led organizations, this initiative from Goldman Sachs, One Million Black Women, will drive investment in housing; healthcare; access to capital; education; job creation and workforce advancement; digital connectivity; and financial health.

About Loop Capital Markets

Loop Capital is a full-service investment bank, brokerage and advisory firm that provides creative capital solutions for corporate, governmental and institutional entities across the globe. Loop Capital was founded in 1997 and is now one of the largest privately-held investment banks in the U.S. and the largest minority or women owned investment banking firm in the world. Loop Capital’s reputation for integrity and service – coupled with the firm’s track record of success – has allowed them to serve an expanding number of clients from coast to coast and globally. The firm’s uncompromising commitment to excellence means that clients get superior, focused service across the entire platform.