trending Market Intelligence /marketintelligence/en/news-insights/trending/0ve2n8js6qr4tubmnfioig2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

JKD Capital Partners to invest up to $12M in Institutional Financial Markets unit

Municipal-Run Fiber Tops 280000 Subscribers In 2018

The Essential Conference 2019 Highlight Reel

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next


JKD Capital Partners to invest up to $12M in Institutional Financial Markets unit

InstitutionalFinancial Markets Inc.'s majority-owned unit IFMI LLC entered intoan investment agreement with JKD Capital Partners I Ltd.

JKD Capital, which is owned by Institutional FinancialChairman Jack DiMaio and his spouse, agreed to invest up to $12 million inIFMI, $6 million of which was paid by JKD Capital to IFMI on Oct. 3.

In exchange for the investment, IFMI agreed to pay to JKDCapital, in arrears following each calendar quarter during the term of theagreement, an amount equal to 50% of the difference between the revenuesgenerated during that quarter by the activities of the institutional corporatetrading business of IFMI's broker/dealer unit and certainexpenses incurred by the business during the quarter.

The term of the agreement started Oct. 3 and will continueuntil a redemption occurs, unless the agreement is terminated earlier.