Felipe Montoro Jens IDB reports from annual governors meeting

A special governors meeting was called this year on March 24th. The key officials regarding the South American economy were in attendance as well as Felipe Montoro Jens. Felipe, the infrastructure specialist and reporter detailed many topics discussed. The Inter-American Development Bank (IDB) meeting was held in Mendoza, Argentina. Felipe reported Luis Caputo, Dyogo Oliveira, Luis Alberto Moreno and Irene Garrido. Visit on his twitter account for more updates.

Irene Garrido, as the Secretary of State for Economy and Business Support, was there to identify the allocation of Spain investments in South America. Dyogo Oliveira, The Minister of Planning, Development, and Management addressed IDB has, in fact, invested $12.9 billion in loans to Brazil, which is a 20% increase from 2017. However, Dyogo Oliveira continued there is a need for more infrastructure investments for roadwork construction projects and water and sanitation projects also. These projects are needed, Oliveira continued, to support the 4.0 industrial revolution on the horizon. Luis Caputo, who is the Minister of Finance and Chairman of the Board of Directors supported the idea of a financial safety program designed for the private sector.

Luis Caputo and Dyogo Oliveira feel private investments have slowed because of the high risk of participation in the public-private-partnerships. Public-private-partnerships have been proven successful in Brazil. Brazil has invested heavily in PPPs, but the momentum gained is slowing and this due to the high amount of risk taken on by the private business owners. Felipe Montoro Jens reported the governors to want investments from the IDB into studies to identify financial solutions to lower the risk for the private sector.

Felipe also reported Luis Alberto Moreno, the president of the Inter-American Development Bank was also concerned about the condition of the roads and other means of transportation available between the countries in South America. The Economic and Business Support Secretary, Irene Garrido said Brazil is first in line for investments from Spain.

Read more: https://www.terra.com.br/noticias/dino/veja-com-felipe-montoro-jens-a-historia-do-processo-de-privatizacao-no-brasil,4d1cfee159791826fd7c00be88ff5defx4uhd4g6.html

Their Efforts in Banking Industry

NexBank is a banking company headquartered out of Dallas, Texas. NexBank deals with commercial and mortgage banking as well as institutional services. John Holt is the CEO and president of NexBank. Holt recently served on the panel for the Texas Bankers Association. The conference was located in New Orleans, Louisiana. The purpose of the conference was for leaders in the baking industry and and advisers to exchange information and ideas in regard to the acceleration of the industry. The panelists and attendees discuss opportunities and possible solutions to the industry’s dilemmas.

NexBank is a regional bank with total assets of $8.4 billion. NexBank is the fourth largest bank in the city of Dallas. The total limit for lending is $150 million. Their mortgage bank reached a total of $3.5 billion during 2015. During 2016, their total was $5.0 billion. During 2017, their total was $6.1 billion. NexBank is a SBA preferred lender.

NexBank assists in grants and sponsorships services. They offer mortgage services to the low to moderate income bracket. Nexbank provides housing and consumer loans to 2,200 veterans in Texas. Nexbank sponsors financial literacy at 12 public schools. Some of the organization they are affiliated with include The Real Estate Council Community Fund, Dallas Neighborhood Homes, Dallas Women’s Foundation and Texas Veterans.

Dallas Neighborhood homes is a nonprofit mortgage servicing provider. They offer an Affordable Housing Loan Program for Dallas residents. They aim to assist in 100 loans a year for the next five years specifically for southern Dallas residents. Matt Siekielski, Executive VP of NexBank, stated he was proud of the partnership with Dallas Neighborhood Homes. Nexbank is assisting with $50 million in loans to help the expansion of the program for the proceeding five years. Dallas Neighborhood Homes will be using the funds to assist low-income homebuyers. They said they will help prepare homeowners with counseling for ownership.

NexBank has acquired College Savings Bank from Princeton, New Jersey. College Savings Bank of Princeton, New Jersey, specilizes in college loans. The company will keep its name under the acquisition of NexBank.

Igor Cornelsen: Investor in Brazil

Investing is a proven method to generate wealth. Few people invest enough money to reach their goals. In Brazil, the economy is booming with growth. Millions of people have moved to Brazil in the past decade searching for jobs.

With an influx of people, the country has a healthy real estate market. Igor Cornelsen is a Brazilian investor who has years of experience managing companies. He is proud of his work as an investor, but he has plans to keep growing his portfolio in the future.

Commercial Businesses

Many years ago, Igor started investing in commercial properties across the country. He foresaw the massive influx of people moving to the nation. As the economy improves, more people have an opportunity to spend money on various purchases. The commercial real estate market in Brazil has exploded in value. Igor has made a ton of money from his investments in this sector.

He plans to build additional shopping malls in the future. Although online retail is a growing area, Brazil’s citizens primarily shop at physical stores. The online shopping trend is not mainstream in the country.

Igor’s Early Life

Unlike many successful business owners, Igor was not born into a wealthy family. Instead, he had to work hard for everything he earned. He worked multiple jobs while he was in college to pay the bills. Although he could have settled for a secure job at a large company, he decided to start a business. Running a business was a more significant challenge than he believed.

After developing a successful business, Igor decided to focus his efforts on investing. He enjoys looking at investment opportunities throughout the country. He also teaches college students the importance of investing to reach financial goals. Some people have speculated that Igor could run for political office in Brazil. However, he says that he has no plans to do so.

Fortress Investment Group Creates Innovation as Private Equity Firm

Fortress Investment Group was featured in the New York Patch article “A Force of Innovation: Two decades of Fortress Investment Group.” The article was written by a Patch contributor, Kay Singer.

Fortress Investment Group was created by Randal Nardone, Wes Edens, and Rob Kauffman. The first two are still the current principals, though Kauffman retired in 2012. The co-founders have experience in working with some of the leading financial institutions like BlackRock Financial Management, Goldman Sachs, and Lehman Brothers. They created the company because they wanted an investment firm that was focused on different assets that used private equity. They were able to grow their assets incredibly quickly. They turned the initial $400 million into $3.9 billion within the first five years. In 2007, it continued to grow to $32.6 billion.

The company released the first investment vehicle, called the Fortress Investment Fund in 1999. The company had investments in the New York and Toronto real estate markets. They continued to expand into hedge funds and debt securities. Eventually, it grew 40% from 1999-2006.

Co-founder Rob Kauffman retired after he recognized lifelong passion of car racing. He invested in the Michael Waltrip Racing and he founded the RK Motors Charlotte. He has participated in a number of races like the 24 Hours of Daytona and the 24 Hours of Le Mans. He also has cars in a number of IndyCar Series Races.

After Kauffman left, the company brought on two key players to help lead the company into even greater success. Peter Briger joined from Goldman Sachs as a principal. He had more than 15 years in the financial industry and had considerable experience in the Asian financial sector. They also brought on Michael Novogratz to be one of the leading fund managers. He left Fortress Investment Group in 2015 to focus on cryptocurrency.

When the new principals came to the Fortress Investment Group team, the company continued to grow. They had a high initial public offering where newspapers revealed that it was the first private equity company to go public. They set the trend for other businesses like Blackstone Group and KKR& CO. to follow.