Private Equity Firm Citation Capital Closes Inaugural Fund At $1.2 Billion

Layten Praytor 3h agoDM

Private equity firm Citation Capital has announced the close of its inaugural fund, Citation Capital I. The fund was oversubscribed, reaching a hard cap of $1.1 billion in third-party limited partner commitments, with additional commitments from the general partner and affiliates, bringing the fund’s investable capital to $1.2 billion. With co-invest capital, Citation manages $2.1 billion in … Continued The post Private Equity Firm Citation Capital Closes Inaugural Fund At $1.2 Billion appeared first on D Magazine.

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Dallas Zoo economic impact study shows billions generated for city as budget cuts loom

Data from a new study shows the Dallas Zoo generates billions for the city.The announcement comes as Dallas leaders are considering trimming the zoo’s budget.The Dallas Zoo is making a case for why the city should continue investing in it.An independent economic impact study by Tourism Economics found that the Dallas Zoo delivers an $18 return on every $1 the city invests.It also showed that over the next 12 years, the zoo will generate $3.2 billion in total economic impact for the city and will contribute nearly $150 million in state and local tax revenue.The zoo provides nearly 1,800 jobs annually and will welcome about 1 million guests a year.That study also showed 77% of the zoo’s visitors are from outside Dallas, and many of them also spend money on hotel rooms, restaurants and shops in the city.The zoo’s supporters pointed out that it is an anchor for the southern Dallas and Oak Cliff communities. Investments are being made in the areas adjacent to the zoo, so it only makes sense

Food & DrinkBusiness

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DM20h ago

AllianceTexas Continues Manufacturing Surge With Two Major Facility Openings, Adds 2,100 Jobs

AllianceTexas continues to cement its status as one of North Texas’ fastest-growing manufacturing and aviation hubs. Within six days this month, the 27,000-acre Fort Worth development celebrated the opening of two major facilities: a $120 million aircraft engine maintenance campus from Germany’s MTU Maintenance and Foxlink Group’s first U.S. AI-powered manufacturing facility. Together, the projects … Continued The post AllianceTexas Continues Manufacturing Surge With Two Major Facility Openings, Adds 2,100 Jobs appeared first on D Magazine.

Fort WorthBusiness

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DM2d ago

Conversation With: Andrew Gross, Matthews Real Estate Investment Services

Since joining Matthews Real Estate Investment Services’ Dallas office in 2015 as a senior associate, Andrew Gross has steadily climbed the ranks. Eleven years later, he has reached the executive office as the senior managing director of Dallas—the youngest person in company history to earn the title. During his tenure, Gross has closed more than … Continued The post Conversation With: Andrew Gross, Matthews Real Estate Investment Services appeared first on D Magazine.

Real EstateBusiness

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