The Various Strategies Employed By Michael Nierenberg At New Residential


From his triple position at New Residential, Michael Nierenberg managed to elevate the firm to new heights of success. He has the roles of Chief Executive Officer, President and Chairman of the Board, with the first two being assumed by him in 2013, and the latter coming 3 years later, in 2016. Michael Nierenberg continues to utilize various investment strategies in many areas, with his aim being to generate returns throughout many interest environments. His strategies employed by him at New Residential seek to generate strong returns that are also risk-adjusted, with him investing in assets that can create steady cash flows for the long run, but which also use conservative capital structures.

His approach to investment earned him his reputation, and turned him into a pioneer when it comes to investments in Excess Mortgage Servicing Rights. Other areas of interest for Michael Nierenberg have been investments in serving advances, consumer loans, and residential securities which are mortgage-backed. In addition to his investment strategies that pushed him and his firm to new heights, Michael Nierenberg also managed to change the way the investment landscape looks like when the firm that he is currently at the helm of was listed on the stock market.

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HGGC Enters Agreement With Dyal To Bolster Investment Muscle


The Palo Alto-based private equity firm HGGC has announced that Dyal Capital Partners has opted to buy a passive, non-voting minority stake in the company. Richard Lawson is Chairman and CEO of HGGC. He said the deal with Dyal will provide his firm with “balance sheet capital” that will support its investing platform while also increasing commitments to its own funds.

The investment by Dyal will not have no impact on the current day-to-day operations of HGGC, Lawson said. Also, the transaction will not change what has been a remarkably successful strategy for HGGC.

This firm is focused on high-tech, middle-market firms that can benefit from massive upgrades in technology. This helps them compete in a business environment that has been powerfully altered by such tech giants as Amazon over the past decade or more.

HGGC was founded in 2012 and has experienced rapid growth since. Today the firm reports $4.3 billion in cumulative capital commitments and a total enterprise value of $20 billion. It has achieved 118 portfolio investments. Its portfolio companies comprise some 63,000 employees.

It’s a company that invests in firms that have been determined to be highly competitive in markets defined as “defensible.” HGGC seeks to add value through supplying key operating skills and building relationships. Lawson likes to say his company distinguishes itself by demonstrating an ability to seek out and invest and/or acquire businesses with strong potential to scale creating partnerships with owners, managers, founders and sponsors.

In addition to Richard Lawson, the company is steered by a team of financial all-stars with long track records of success in their respective sectors. They include the former NFL legend Steve Young, the quarterback who led the San Francisco 49ers to three Super Bowl wins. He was conducted into the NFL Hall of Fame in 2005. He is now determined to make his mark in the highly competitive PE world.

Other big names include Gregory M. Benson, a former Bain Capital executive. Leslie M. Brown was former Nutraceutical International CFO. Original founders included the legendary Jon M. Huntsman, the founder of Huntsman Chemical Corporation, and Robert C. Gay, a significant figure with the LDS Church.

Stream Energy Philanthropy Re-Inventing Charitable Giving


A Dallas-based energy company may not have invented the concept of philanthropic corporate giving, but it has gone a long way toward perfecting the process.

Industry observers have been taking a second and third look at the way Stream Energy is implementing corporate giving. Stream was founded in 2005 as a direct selling agent in the global energy market. Growth of the company has been remarkable over the past decade. It’s bold idea to sell energy through a word-of-mouth process has been a game changer for the way customers buy energy.

Also, private individuals who opt to sell for Stream Energy have been able to achieve a new level of financial independence as they partner with Stream to create an additional stream of income for themselves.

The financial success of the company was leveraged from an early stage to pour a significant amount of money back into the community. The Stream Energy philanthropic organization is called “Stream Cares.” It has been operational for some 12 years and the scope and array of the projects is has tackled is impressive.

A case in point was the chaos resulting from the aftermath of Hurricane Harvey. The devastating 2017 storm tied with Hurricane Katrina to be the largest tropical cyclone on record causing an estimated $125 billion in damage. Through Stream Cares, Stream Energy became one of the first non-government organizations to fund recovery programs, including alleviating the burdens suffered by its own customers.

The quick action of Stream Energy through its foundation was called, “a textbook example of how a Dallas-based corporation leveraged its charity and philanthropy” to make a significant difference on the ground when people needed it most.

But Stream Energy has developed a corporate culture and philosophy that makes giving a concept that is woven into the very DNA of the company. It doesn’t just wait around for disasters like Hurricane Harvey to spring into action. Stream Care has formed long-term and ongoing partnerships with such venerable originations as Habitat for Humanity and the Red Cross.

Another major area where Stream has focuses charitable giving is fighting homelessness.