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 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 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.
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.
Jorian Seay-Saunders | Jorian.Seay@loopcapital.com
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.
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 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.
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.
Loop Capital is pleased to announce CIBC as a minority stakeholder in our firm. CIBC’s investment in Loop Capital allows us the opportunity to further our commitment to providing our clients with unparalleled service and solutions.
Loop Capital takes great pride in the tremendous growth our firm has experienced since inception, more than two decades ago. As we enter this next phase of business, we are excited to do so with a partner that is mutually aligned—focused on impact in both finance and the community.
Through this transaction, Loop Capital and CIBC aim to work collaboratively to position our firms for substantial growth in not only our core businesses, but new businesses on the horizon. The capital CIBC has invested in our firm allows us to take larger positions on our balance sheet, lead larger transactions on behalf of our clients and evaluate strategic acquisition targets to enhance the Loop Capital platform.
A syndicate comprised solely of Minority-, Women- and Veteran- owned firms priced a corporate bond transaction for John Deere Capital Corporation at record low spreads
Moline, IL, June 16, 2021 — On June 7, 2021, Deere & Co’s (NYSE: DE) subsidiary, John Deere Capital Corporation, priced a 3-year senior notes offering through a syndicate exclusively led by minority-, women- and veteran-owned business enterprises (MWVBEs) – making it the first corporate bond offering by an industrial captive finance issuer to use a syndicate exclusively comprised by MWVBEs.
John Deere’s $600 million offering of 3-year senior notes priced at 18 bps over Treasuries, achieving the tightest 3- year spread by a financial issuer and the third lowest 3-year corporate bond spread on record.
John Deere hired Veteran-owned firm Academy Securities, African-American-owned firm Loop Capital Markets, Hispanic-owned firm Ramirez & Co., Inc. and African-American and Women-owned firm Siebert Williams Shank as joint book-runners on the transaction.
Enlisting diverse banks “helps drive greater equity and can also help us achieve stronger business results,” Deere Chief Financial Officer Ryan Campbell said in a statement.
“Loop Capital Markets is delighted that our long-standing relationship with John Deere has enabled us to source capital for them through this bond offering. With this transaction John Deere has established itself as a clear leader in diversity and inclusion, and we believe this transaction helps further advance our collective mission of creating greater equity on Wall Street.” said Jim Reynolds, Chairman and CEO of Loop Capital, which he founded in 1997.
“As corporate issuers continue to build upon their inclusive banking relationships, John Deere has set a new and elevated standard in the marketplace by facilitating an opportunity for this diverse group of Joint Bookrunners to showcase their unique capabilities. The Academy team is proud to have helped lead this landmark transaction, and honored to share our social mission with John Deere.” said Chance Mims, Chairman and CEO of Academy Securities.
Sam Ramirez Jr., senior partner at Ramirez & Co., Inc., added, “Congratulations to John Deere for completing this landmark transaction with an all-diverse syndicate of banks. We applaud the Company for taking this meaningful step toward inclusion, and for its high level of engagement with the diverse broker/dealer community. As the nation’s largest and oldest Hispanic-owned investment bank, we know that it is opportunities like this that have enabled us to grow our businesses over our 50-year history.”
“Siebert Williams Shank applauds John Deere for taking bold steps to work with diverse and inclusive firms in an exclusive manner on this transaction” said Christopher J. Williams, Chairman of Siebert Williams Shank & Co., LLC. “With this offering’s strong pricing results, John Deere’s leadership amplifies the value proposition that MWVBEs have the expertise to actively lead underwritings and execute them at very high standards. We are very confident in our ability to support our issuer’s funding goals and priorities, and appreciate the John Deere organization for creating this opportunity for us.”
In February 2021, Deere & Company released its 2020 Sustainability Report. Built around John Deere’s higher purpose — “We run so life can leap forward” — the report features how the company creates more sustainable outcomes for its customers, employees, dealers, suppliers, shareholders and the communities it serves. The report also details John Deere’s progress toward achieving its 2022 Sustainability Goals and other environmental, social and governance priorities.
To learn more about John Deere’s progress and goals around economic, environmental and social advancement, see https://www.deere.com/en/our-company/sustainability/sustainability-report/
Deere & Company (www.JohnDeere.com) is a world leader in providing advanced products, technology and services for customers whose work is revolutionizing agriculture and construction — those who cultivate, harvest, transform, enrich and build upon the land to meet the world’s increasing need for food, fuel, shelter and infrastructure.
For media enquiries please contact: Jorian Seay
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 them to serve an expanding number of clients from coast to coast and globally. The firm continues to grow because their 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.
Academy Securities is a preeminent disabled veteran owned investment bank with strength in capital markets, public finance, fixed income and equity trading. Leadership and staff have had intensive military training prior to entering and gaining in depth financial services experience in global capital markets. We are mission driven with a high ethical code, a solid sense of accountability and strive for excellence in the pursuit of our clients’ success. Intellectual assets, strong visionary leaders and a proud team commitment bring out the best in each other for the benefit of our clients. Academy is our nation’s first and only post-9/11 disabled veteran owned investment bank and is a certified as a DVBE, SDVOSB, and MBE. The firm has a strong top and middle tier client base served by a national platform with offices in New York, Chicago, San Diego, Los Angeles, Chapel Hill, Kansas City, Austin and Sacramento. Information about Academy Securities is available at www.academysecurities.com.
About Samuel A. Ramirez & Company, Inc.
Founded in 1971, Ramirez is a nationwide, full-service investment bank, brokerage and advisory firm serving institutional clients and retail investors across six core areas: municipal finance, investment banking, fixed income sales and trading, institutional equities, wealth management and asset management. The firm is recognized as one of the industry’s preeminent and best-capitalized boutique underwriters, having cultivated a banking, underwriting, sales and trading, and strategy team that is unique in its integration.
About Siebert Williams
Siebert Williams Shank & Co., LLC (SWS) is a leading independent non-bank financial services firm that offers investment banking, sales and trading, research, advisory, and asset management services. It is the only U.S. investment bank certified as both a minority-owned and women-owned enterprise. It is co-headquartered in New York City and Oakland, Calif., with over 20 offices nationwide.