Complex and special situations. He also served as Board Member at Aaroma Holdings. " That's what Blackrock owns a part of. companies choose to make on environmental and social. Business Wire. On Monday morning, they had customer. The Fund seeks to track the performance of an index composed of U. Prior to joining Staple Street, Mr. S. 26 Apr 2023 00:20:40Did anyone click on Snopes? : 2 diff. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Claim: China Bought Dominion Voting Systems for $400 million in October 2020. The payer of the $400 million was UBS Securities LLC, which is a subsidiary of Swiss investment bank UBS. . See Andre Ohnona's compensation, career history, education, & memberships. Hootan Yaghoobzadeh is Managing Director/Co-Founder at Staple Street Capital. Staple Street Capital Managing Director and Co-Founder Oct 2009. and Euro area inflation and our expectations, 2006-2026. filed an SC 13G/A. C. The co-founder of Staple Street is ALSO a… Show more . 9%). O) settled a defamation lawsuit brought by the voting machine operator. Number of employees. 40%) NAV Total Return as of 13/Nov/2023 YTD: -2. Stephen Owens is a Managing Director at Staple Street Capital based in New York City, New York. Dominion, originally a Canadian company that is now based in Denver, is largely owned by the New York-based private equity firm Staple Street Capital and Dominion’s chief executive, John Poulos. Vanguard Group Inc's State Street shares are currently valued at $2. . ("South Street") is pleased to announce the completion of the sale of $90 million secured. Dominion is privately held and does not disclose its financials. As of the second quarter of 2023, the New York City-based asset management company BlackRock had total assets under management (AUM) of around 9. . Photo: Amir Hamja for The Wall Street Journal. "It is owned by Staple Street Capital and its employees. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. April 19, 2023. Staple Street Capital is a private equity firm that invests in middle market businesses where we can partner with motivated and proven management. Log in. The adviser's REGISTRATION status is listed below. com. S. Why? Because he is the most powerful person on Wall Street. I. EDUCATION. 09B), BlackRock Inc. It's primaries are Stephen Owens and Hootan Yaghoobzadeh. (8. Learn More on Rajneesh Vig's contact information. Acquisition Status Complete. 792: Vanguard Group, Inc. 16%) AbbVie: Health Care: 191. 1, by attorney Lin Wood in a cryptic tweet to a link to the sale’s SEC. Hart InterCivic is a. 7% Discount to NAV: -15. Biden has one sister, Valerie Biden Owens. Staple Street Capital is a private equity firm that invests in market-leading businesses, where it can provide the strategic oversight, financial resources and access. L. Shaun received a Bachelor of Science degree , magna cum laude degree from Babson College and a M. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$9. Business Wire. . Over the last month, XLF has risen 5. Staple Street Capital typically seeks to invest $25 million - $125+ million of equity per transaction. Vig and other BlackRock TCP Capital executives is 2951 28th Street Suite 1000, Santa Monica CA, 90405. LinkedIn View on LinkedIn. The co-founder of Staple Street is ALSO a Carlyle alumni. Team. Dominion Voting Systems Acquired by its Management Team and Staple Street Capital, July 16, 2018. The Fox settlement was nearly 10 times that amount and far. Though she shares the same surname as. 2% return year to date and is +29. 52 WK: 5. 65%. In effect Vanguard and Blackrock forgo taking large fees in exchange for having enormous ability to exert power over the economy through influence on corporate boards and leadership. A. Hootan Yaghoobzadeh, co-founder of Staple Street Capital. Overview. What does BlackRock own? BlackRock is the parent company for the iShares group of ETFs, the largest global provider of ETFs. The co-founder of Staple Street is ALSO a… Show more . O) settled a defamation lawsuit brought by the voting machine operator. Staple Street has $900 million in assets. Capital, he was responsible for all key aspects of the investment process including due diligence, transaction structuring, financing, and portfolio company value creation. Consumer Staples: 34. 05%) Capital International Investors (3. Please stick to cutting backdoor deals with the MCBOS. is moving assets out of State Street Corp. 7 million shares in Fox Corp. The United States accounts for 55. 09. Fox Corporation. Stephen Owens has no relationship to the Biden family, a spokesperson for Staple Street Capital confirmed. 56. Blackstone Inc. The co-founder of Staple Street is ALSO a… Show more . 5 million to settle a lawsuit with Dominion Voting Systems alleging the network defamed it in 2020 election broadcasts. On Jan. Koichopolos was a Senior Vice President at H. " Regulatory filings (archived here ) show BlackRock does have a stake in Dominion Energy, a power company based in the US state of Virginia. Prior to joining Staple Street Capital, Mr. Dominion Voting Systems is a separate company with different ownership, IE Staple Street Capital (76%) and John Poulos (12%). BlackRock, Inc. 5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. I don't know what involvement Blackrock has in either, but I don't think they own both company's. At Staple Street Capital we help companies navigate change and capitalize on new opportunities to build stronger, more valuable businesses. Staple Street Capital, majority owner of Dominion Voting Systems, backed a high-stakes defamation lawsuit against Fox that produced a $787. A. 50. The average price target represents an. to be as follows, presented in the table below with each row detailing each BlackRock Inc. While 10 stocks make up 30. . "Staple Street Capital III, L. “It is owned by Staple Street Capital. Dollars). equities in the consumer. 42 trillion in assets under management as of June 30, 2023. Staple Street Capital did not return emails and phone calls for this story. Staple Street Capital is a leading private equity firm with approximately $900 million of capital under management and invests in market‐leading businesses where there are transformational. 1% ownership. The partners at Staple Street Capital added, “We are proud of the Mid States team and all that they have accomplished during our ownership. This year alone, the firm launched a private-debt fund aimed at financing climate-transition strategies and announced plans to merge two publicly traded BDCs, BlackRock TCP Capital Corp. 624. The firm, Staple Street Capital, bought a controlling stake in Dominion for about $38 million, according to Reuters, Fortune and other media reports. degree from Emory University's. “I agree all these rats stink, but this meme is misleading as fuck. The payer of the $400 million was UBS Securities LLC, which is a subsidiary of Swiss investment bank UBS. Dollars). Mr. Hyslop was a Vice President at Cerberus Capital Management. Dominion Voting Systems is owned by its management and private equity firm Staple Street Capital (), while Dominion Enterprises is. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Staple Street Capital, created by former executives of Carlyle Group and Cerberus Capital in 2010, held a one-and-done final close on its third fund on $520 million. Stephen received a M. The average price target represents an. Certares Management LLC 350 Madison Avenue, 8th Floor New York, NY 10017 +1. This false claim is based on two people sharing a common last name. See Benjamin Humphreys's compensation, career history, education, & memberships. Osler, Hoskin & Harcourt LLP represented Dominion Voting Systems with a team consisting of Chad Bayne, Justin Dharamdial, Brian Gray, Horatiu Porime, Jeremy Lin and Miju Damodar (Corporate), Dov Begun and Paul Seraganian (Tax), Richard Borins. This week’s settlement is. 5tn government pension fund, the. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Ambassador to the EU and former chair of the FCC; Jon L. G. 15%) NAV Total Return as of Nov 17, 2023 YTD: -5. Staple Street Capital LLC. Find out more information here. Managing Director of BlackRock Group Ltd and Managing Director/Partner . S. The co-founder of Staple Street is ALSO a… Show more . Announced Date Jul 17, 2018. Staple Street looks to invest up to $75 million per transaction and will consider opportunities in the business services, chemicals, communications, media, software, consumer, retail, distribution, energy, financial. 98% ownership. Staple Street Capital bought Dominion Voting Systems in 2018, with a $38 million equity check and an $80 million enterprise value. The firm seeks to invest in automotive, business services, chemicals, communications, media, technology,. 26 Apr 2023 02:38:05Biography. Andrew Hetzel is a Business Development at Staple Street Capital based in New York City, New York. 6 February 2014. 2:36 PM · Apr 25, 2023 Last year, for example, BlackRock, Vanguard and State Street supported a successful effort to shake up the board of Exxon Mobil by installing new members who promised to take climate change more. COO & CFO, Cerberus Operations. Founded in 2009 by Stephen Owens, a former Carlyle Group dealmaker, and Hootan Yaghoobzadeh, a Cerberus Capital Management veteran, Staples Street invests in companies in a range of sectors. Prior to Thayer Street, he was part of the investment team at a. The Carlyle group is owned by Vanguard and Blackrock, and is known for recruiting ex-politicians such as George. The Executive Board augments Staple Street Capital’s broader network of industry executives who help the firm identify and evaluate new investment opportunities, and provide value added resources to support the firm’s portfolio companies. 04 Oct, 2022, 11:57 ET. 49%: $3468835552000: 5376During the previous two years, 961 institutional investors and hedge funds held shares of State Street. Staple Street Capital is part of the Finance industry, and located in New York, United States. ) as the New York Hospital’s House of Relief, or as we say today, emergency room. At the time, the private equity firm valued the technology vendor at $80 million, or. Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. Capital International Investors now owns 4,584,843 shares of the company’s stock valued at $900,212,000 after acquiring an additional 2,453,830 shares in the last quarter. 5 million windfall after Fox Corp settled a. Disposition of Acquired Organization Separate Entity. In a shocking new revelation from Infowars and The Gateway Pundit, the company that owns Dominion Voting Systems — Staple Street Capital — reportedly received $400 million in October 2020 from the Chinese. ”This year, Staple Street Capital, a New York-based middle-market private equity firm, and Dominion’s management team bought it out. Federal Election Commission records show. Prior to founding BlackRock in 1988, Mr. Certares Management LLC 350 Madison Avenue, 8th Floor New York, NY 10017 +1. Claim: Blackrock owns Dominion Voting Systems sharesBlackRock Inc. 18%) Vanguard Group, Inc. Owens and Hootan Yaghoobzadeh, who are also involved ay Cerberus Capital Management, and board. Interestingly, on November 6, Deadline reported that Kennard was named to the board of WarnerMedia parent company to AT&T, which owns CNN. Email;. 94%). Becker was a Principal at Thayer Street Partners where he focused on making private equity, growth equity, and structured debt investments in financial services and business services companies that are primarily technology-enabled. and throughout the workforce, and effective human capital management. NAV as of 13/Nov/2023 USD 5. 3 million the New York-based private. As of March 31, 2023, the since inception Net IRR is 11. Prior to Stonepeak, Steve held senior finance and accounting roles with Staple Street Capital, Apollo and Deloitte. Location. If The Vanguard Group does make a profit, this money is returned to investors as dividends. Since 2018, it has had the same majority owner: Staple Street Capital. ($2. , Citation 2017). Staple Street Capital owns 75. 30. A 2020 filing lists Dominion's registered agent as Florida-based Cogency Global. Apr 25, 2023. Driving the news: Dominion yesterday agreed to drop its defamation lawsuit against Fox News, in exchange for $787. 5 million windfall after Fox Corp (FOXA. Although there is a Chinese bank and investment firm named ‘UBS. That sum alone would mean trillions of dollars more for BlackRock and. Prior to founding BlackRock in 1988, Mr. News and research on the investment process. 14%) State Street Corporation (4. on October 8, 2020. About Staple Street Capital. middle market transactions. , representing 15. The co-founder of Staple Street is ALSO a Carlyle alumni. About Staple Street Capital. Staple Street Capital invests in attractive middle market companies where we welcome complex solutions and can partner with management to create value. Kennard. The Fox settlement was nearly 10 times that amount and far. According to Wikipedia, Following the acquisition, the Department of Justice and 14 individual states launched investigations into the transaction on antitrust grounds. Hyslop assists in the underwriting and due diligence of investment opportunities and works with portfolio companies to help drive performance improvement. He attended Harvard Business School. Location New York, New York, United States. 38M), Invesco Ltd. Kevin received a MBA degree from Columbia Business. Yaghoobzadeh and Owens have past ties to the Soros-backed Carlyle Group. During his tenure at Carlyle, he co-founded the firm’s Global Consumer & Retail Group, was a senior member of the firm's Global Communications & Media Group and executed and oversaw. O) settled a. Performance & Distributions. Hootan Yaghoobzadeh, co-founder of Staple Street Capital, the private equity firm that owns Dominion Voting Systems, joins CNBC's Eamon Javers on 'Squawk Box' to discuss Fox's $787. 5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. These four — Vanguard, Blackrock, State Street and Berkshire Hathaway — are the four largest investment firms on the planet. Owens and Hootan Yaghoobzadeh, who are also involved ay Cerberus Capital Management, and board. Nor is it certain that the $400 million was meant to acquire Dominion Voting Systems. Percentage Non-Profit 0%. Staple Street Capital Staple Street Capital invests in attractive middle market companies where we can partner with management to create value. Staple Street Capital is a private equity firm that invests in middle market businesses where we can partner with motivated and proven management teams to create value. Securitized assets, or structured credit, has always had an uneasy relationship with fixed income (FI) investors. BlackRock is focused on growing long-term relationships that are sustainable and create joint value. P. Hootan Yaghoobzadeh, co-founder of Staple Street Capital: I remember the first dinner we had with John. 27 to a high of $48. The big winner from Fox’s $787. At H. Crowell founded Vance Street Capital, a private equity partnership, to acquire and grow California based, middle market companies in partnership with operating management. It listed its addresses. (representing Staple Street Capital, joining as Director in 2019 after its investment in Dominion in 2018) Stephen Owen is the co-founder of Staple Street Capital. " Regulatory filings (archived here) show BlackRock does have a stake in Dominion Energy, a power company based in the US state of Virginia. , 31 Mar 2023,. Consumer Staples ETF seeks to track the investment results of an index composed of U. He is the chairman and CEO of BlackRock, the largest money-management firm in the world, with more than $9 trillion in assets under management. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. He is responsible for evaluating investment opportunities, performing due diligence and working with our management teams to create value. The two companies, however, are different and not connected. A Facebook video claims that "Hugo Chavez’s family still owns" Dominion Voting Systems. 2% stake in. The sector has recently outperformed the market at large. If BlackRock were a country, it would be the third largest economy on the planet, after the United States and China. Buyout team. The first, fronting on Hudson with its back facing the east side of Staple, was constructed in 1893 (Josiah Cady, arch. 3 million the New York-based private equity firm paid in 2018 to acquire a 76. Voting outcomes on key shareholder resolutions are an important input to the decisions the largest U. Regions Greater New York Area, East Coast, Northeastern US. S. Kama joined BlackRock’s Institutional Client Business as a Graduate Analyst in 2016, in which she provided support in relationships with sovereign wealth funds, insurers, pensions and endowments. When the House of Relief was built, NYH was uptown, at 5th Avenue and 15th Street. S. Staple Street Capital Ii-a is a large advisory firm with 4 clients and discretionary assets under management (AUM) of $956,019,697 (Form ADV from 2023-03-30). 75%) Renaissance Technologies, LLC (2. ’s. Fund Flow Leaderboard. He is responsible for identifying and evaluating investment opportunities, performing due diligence and working with our management teams to create value. “Blackrock does not own any shares of Dominion Voting Systems,” Isabela Velasco, a spokesperson for Dominion Voting Systems, told Reuters via email, adding that Staple Street Capital has a. Stephen D Owens Managing Director and Founder. Blackrock own 59m shares of "Dominion Energy". The asset class tends to be misunderstood, due to its complicated structure, or wholly ignored, because of. Founded in 2009, Staple Street Capital is a private equity firm based in New York, New York. The firm has no operations in voting technology. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Mid-States Supply Company (recapitalization, exited) Mid-States is a leading distributor of pipes, valves and fittings serving the oil and gas, general manufacturing, food and mechanical construction industries. The firm seeks to invest in automotive, business services, chemicals, communications, media, technology, consumer & retail, distribution & logistics, energy, healthcare, industrial & manufacturing, and financial services sectors. The co-founder of Staple Street is ALSO a… Show more . 26, 2020 . “They obviously have a lot of smart technologists, but in their DNA. But in an April letter responding to a request by the House Committee on Administration, Poulos said Dominion is 75. Private Equity Program Fund Performance Review. 3-month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of Energy relative to other sectors. Staple Street Capital is a leading private equity firm with approximately $900 million of capital under management and invests in market‐leading businesses where there are transformational. Blackrock’s revenue grew 32% to $4. It became very clear that he had a very clear road map to transform his company and take it to another level. Rating: False. 56. Shaun Fitzgibbon is a Managing Director at Staple Street Capital based in New York City, New York. 96B), Dodge & Cox ($1. U. 42 trillion in assets under management as of June 30, 2023. Buyout team. Staple Street Capital and Dominion's management team acquired Dominion in 2018, according to a news release. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. State Street’s voting policy updates span several documents that provide guidance on areas that State Street views as focal points for the coming year. had reported owning 62,250,574 shares, indicating a. The firm was founded in 2009 by Stephen D. Staple Street owns Dominion and is a relatively small private equity company, who has not raised capital or had substantial new investors since 2014/2015 of about $200 million. In a statement emailed to Lead Stories on April 25, 2023, a spokesperson for Dominion denied that the company is owned by BlackRock: This is false - Dominion is not owned by BlackRock--Dominion is owned by Staple Street Capital and its employees. Mid-States Supply voluntarily entered into. ’s custody that amount to about 2% of the Boston-based firm’s fee revenue, a State Street executive said Wednesday, a. Staple Street Capital invests in attractive middle market companies where we welcome complex solutions and can partner with management to create value. He is responsible for evaluating investment opportunities, performing due diligence and working with our management teams to create value. S. 2 Top Inflow: Vanguard Total Stock Market ETF 1 Day NAV Change as of Nov 17, 2023 -0. degree from Harvard Business. Staple Street Capital LLC acquired a roughly 76% stake in the voting technology company in 2018 for $38. +0. However, the firm cited in that version of the claim — Cerberus Capital Management — doesn’t own Dominion nor is it connected to Staple Street Capital, which acquired Dominion in 2018. Osler, Hoskin & Harcourt LLP represented Dominion Voting Systems with a team consisting of Chad Bayne, Justin. Staple Street Capital acquired a 76% stake in Dominion Voting Systems for $38. 7 billion, according to Forbes. Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. Geode Capital Management : 752,985 shares, or 0. 613. EFFECTIVE DATE; SEC:40 East 52nd Street New York, NY 10022 BLACKROCK 2019 EVERGREEN PRIVATE OPPORTUNITIES CAYMAN MASTER LTD. Benjamin Humphreys is Former Operating Partner at Staple Street Capital. Andrew received a High School Diploma degree from Seton Hall Preparatory School and a Bachelor of Arts from. 20%). Combined, BlackRock, State Street and Vanguard are the largest owner in 88% of the S&P 500 companies, according to a paper published Tuesday by the American Economic Liberties Project, a group. Also Known As Steve. G. A filing with the U. 2% owned by the New York-based private equity firm Staple Street Capital and. John Poulos, the CEO of. 26 Apr 2023 01:48:43RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Ian is a Vice President at Staple Street Capital. 26 Apr 2023 11:49:59RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Sep 15, 2022. The amount is equivalent to 20 times the $38. “@RealMickFields @FannKfann BlackRock owns STATE STREET not Staple Street. ”It is not clear how much Staple Street stands to receive after legal taxes and fees, but the $787. "Total Assets under Management (Aum) of State Street Corporation from 4th Quarter 2010 to 4th Quarter 2022 (in Trillion U. Consumer Staples Sector companies as defined by the Global Industry Classification Standard (GICS). See Steve Owens's compensation, career history, education, & memberships. Performance & Distributions. 1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. The co-founder of Staple Street is ALSO a… Show more . BlackRock's. Ben started his career with GE as a financial analyst in the aircraft engine division, and he. About Staple Street Capital. . Biography. S. Staple Street Capital. You are conflating Dominion Energy with Dominion Voting. Regions Greater New York Area, East Coast, Northeastern US. Hyslop was a Vice President at Cerberus Capital Management where he focused on private equity. People are conflating Dominion Energy with Dominion Voting Systems… DVS is owned by a hedge fund called Staple Street Capital. The firm has $900 million in assets under management and invests in attractive middle-market companies with. -based Mid-States Supply recently had substantially all its assets acquired by Staple Street Capital, a leading middle-market private equity firm. NEW YORK, Oct. BlackRock. As of January 31, 2023, the average one-year price target for Fox Corporation is $37. com . Senator Warren and Representative Pocan, along with a number of their Democratic colleagues, introduced the Stop Wall Street Looting Act, a comprehensive bill to reform the private equity industry. 5 million settlement is equivalent to 20 times the amount it paid to acquire its controlling stake in Dominion in 2018. sold $400 million in securities to UBS Securities Co. com. JPMorgan, BlackRock, Wells Fargo, and Citi reported earnings Friday. Capital focusing on U. BlackRock, on the other hand, is a publicly traded entity, so it prioritizes making money for its shareholders. 1290 Avenue of the Americas Fl 10, New York City, New York, 10104, United States. Global ETF assets could explode to US$25 trillion by 2025, according to estimates by Jim Ross, chairman of State Street’s global ETF business. gross domestic product. 5x. Jobs. 1% of Soros' total portfolio, the top 10 holdings for Berkshire Hathaway, including stocks owned by its subsidiary New England Capital Management, comprise a whopping 87. They are not affiliated with BlackRock our Vanguard. BlackRock and Vanguard, two of the world’s “Big Three” asset managers,. Hootan Yaghoobzadeh is a Co-Founder and serves as Managing Director at Staple Street Capital. Staple Street Capital is currently investing out of a $265 million private equity fund where it typically seeks to invest $20 million - $75 million of equity per transaction to support initial. (9. S. I’ve never seen Blackrock listed as owners. If BlackRock were a country, it would be the third largest economy on the planet, after the United States and China. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. The co-founder of Staple Street is ALSO a… Show more . Staple Street Capital, created by former executives of Carlyle Group and Cerberus Capital in 2010, held a one-and-done final close on its third fund on $520. By this structure, BlackRock’s income and shareholders are on the line via UBS’s securities with Staple Street Capital and Staple Street Capital’s 76% stake in Dominion Voting Systems. "Dominion Voting Systems is not owned by BlackRock," a spokesperson said. Updated July 14, 2021 11:12 am ET. Dominion Voting was acquired by private equity company Staple Street,. ($936. Staple Street Capital LLC acquired a roughly 76% stake in the voting technology company in 2018 for $38. 19 - 6.