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Last Week’s Top Stories on The DI Wire

Three Franklin Square BDCs Provide Financing to Dent Wizard

Three business development companies (BDCs) managed by Franklin Square Capital Partners (FSCP) recently provided financing to Dent Wizard International Corp. (Dent Wizard), a vehicle reconditioning servicer in Canada and the U.S. The BDCs provided a unitranche term loan to finance a dividend recapitalization of Dent Wizard.

Due Diligence Manager Elected to ADISA’s Board

Peter Magnuson, manager – due diligence at Securities America, an independent broker-dealer with over 1,800 advisors and $50 billion in client assets, was recently elected to a two year term on the board of the Alternative & Direct Investment Securities Association, also known as ADISA.

New York Metro Focused REIT Declared Effective

The Securities and Exchange Commission (SEC) has declared the NorthStar/ RXR New York Metro Income, Inc. (NorthStar/RXR) effective. Offering up to $1.8 billion of common stock at $10 per share and $200 million at $9.50 per share through its distribution reinvestment plan, NorthStar/RXR plans to acquire high-quality commercial real estate in the New York metro area and it intends to qualify as a real estate investment trust (REIT).

Alternative Investment Custodian Continues to Grow – Promotes Two

Provider of alternative asset custody solutions, Millennium Trust Company (Millennium), announced today two promotions within its Alternative Solutions Group (ASG). Jeremy Christensen has been named Director of Private Fund Custody (PFC) and Matt Nitschke as National Director of the ASG

Venture Capital Fund Designed for RIAs Closes

Northern Virginia-based Militello Capital, which was founded by Bill Militello, a registered investment advisor (RIA) and graduate of the US Naval Academy in Annapolis, MD, recently announced the closing of its second venture capital fund.

Creating Your Leadership Margin: With Wisdom

Creating, maintaining and maximizing your personal/leadership margin, or what Dr. Richard Swenson, M.D. calls ”the space between our load and our limits,” is the foundation of effective decision making and leadership. As we define, design and build our leadership margin, we face a series of decisions. What habits, behaviors, and connections will remain in our lives? What do we eliminate? What impact do these decisions have on our workplaces, our homes and our communities?

IBD Provides Advisors Revenue Analysis Tool

Independent broker-dealer Securities America (SA) recently announced a revenue analysis tool for its advisors. The Revenue & Opportunity Diagnostic (R&O Diagnostic) allows advisors to evaluate the current state of their businesses and identify risks to their practices while providing opportunities to protect and increase future revenue.