Rugby legends lined up for new Limerick tag rugby festival

first_imgCelebrating a ground breaking year in music from Limerick Launching the Limerick Civic Trust Legends International Tag Rugby Festival were former Munster and Ireland players, Alan Quinlan, Peter Clohessy and David Wallace.Picture: Alan PlaceLaunching the Limerick Civic Trust Legends International Tag Rugby Festival were former Munster and Ireland players, Alan Quinlan, Peter Clohessy and David Wallace.Picture: Alan PlaceA NUMBER of top Irish and international rugby legends are set to take part in a newly-announced festival happening in Limerick in October.The Limerick Civic Trust Legends International Tag Rugby Festival will see some of the greats of the game togging out at the UL Sports Arena on October 25 and 26.Sign up for the weekly Limerick Post newsletter Sign Up These include former Irish internationals Peter Clohessy, Keith Wood, Trevor Brennan, Shane Byrne and David Wallace, and Women’s Six Nations Grand Slam international, Joy Neville.Also taking part will be former French international Émile Ntamack, French international William Servat, and England’s most capped player Jason Leonard.The competition will feature 25 mixed tag rugby teams from all over Ireland and overseas, each of which will include a rugby legend.The festival, which also features a range of other events throughout Limerick City, is being organised by Limerick Civic Trust and supported by the Irish Tag Rugby Association (ITRA), UL, Clohessy’s Bar and The Gathering Limerick.Funds raised will go towards Limerick Civic Trust projects, including a proposed permanent memorial to Limerick sportsmen and women.Dr James Ring, Limerick Civic Trust CEO said: “The International Tag Rugby Festival has been months in the planning and we are delighted to be able to finally announce the event, which forms part of the year of the Gathering as well as being an important fundraiser for the Trust.“We have received huge support from some of rugby’s biggest names and look forward to inviting tag rugby enthusiasts to tag a legend this October.”Further information is available from NewsRugby legends lined up for new Limerick tag rugby festivalBy John Keogh – September 6, 2013 1692 Facebook Emma Langford shortlisted for RTE Folk Award and playing a LIVE SHOW!!! this Saturday Advertisement Print #SaucySoul: Room 58 – ‘Hate To See You Leave’ #HearThis: New music and video from Limerick rapper Strange Boy WhatsAppcenter_img Watch the streamed gig for Fergal Nash album launch Email RELATED ARTICLESMORE FROM AUTHOR Linkedin Previous articleSomething wobbly in the lakeNext articleResilient Super Blues hold league leaders scoreless John Keogh Twitter TAGSLimerick Civic Trust Legends International Tag Rugby FestivalMusic Limerick New Music: 40Hurtzlast_img read more

Private equity to woo DC pension funds, says Coller Capital survey

first_imgColler Capital’s latest quarterly Global Private Equity Barometer suggests the world’s limited partner (LP) community is almost unanimous in its expectation that defined contribution (DC) pension schemes will become a source of private equity capital over the next five years.The findings, based on the private equity secondaries specialist’s survey of 114 investors worldwide, also show growing enthusiasm for private equity in general, and buy-and-build and private credit in particular – despite some concern over what the exit environment for private assets might look like in 3-5 years’ time.Almost nine out of 10 investors see DC providing private equity capital within five years, with 27% of European LPs believing DC schemes will provide “significant” capital to the asset class.Stephen Ziff, a partner at Coller Capital, said: “The backdrop to the finding about DC assets going into private equity is one of more capital in general moving into alternatives, and private equity in particular. “But in addition there has been a shift in the pensions landscape over the past several years, and GPs are certainly looking for new sources of capital. The industry is slowly starting to get to grips with the challenges, to varying degrees – particularly features of DC investments like liquidity and daily pricing.”The survey hints at more big shifts in the way funds are raised for private firms. Responses suggest a big increase in the number of investors making direct investments or co-investments for more than 25% of their private equity assets within five years – going from 23% of respondents to 38%.Credit also looks set to grow in importance alongside equity in private asset portfolios, with 34% of LPs expecting to increase their allocation over the next 12 months.“Credit is still attracting capital, reflecting this continuing disintermediation of the banks,” said Ziff – a trend reflected in another survey finding, that 65% of investors expect collateralised loan obligations (CLOs) and high-yield bonds to provide a larger share of buyout debt financing in the next three years.Investors are focusing their attention on the middle ground of growth equity, at the expense of both large LBO and venture capital.Two-thirds of survey respondents expect buy-and-build to outperform other buyout investments over the coming cycle.LPs also think further enhancement of GP operational skills – a crucial capability for buy-and-build – has the greatest potential to boost returns, relative to greater specialisation, improved understanding of macroeconomic cycles, new fund structures or wider adoption of ESG principles.“LPs recognise that the buy-and-build approach will become increasingly prominent in an era when you can’t just rely on financial engineering,” Ziff said.Meanwhile, almost half of the LPs surveyed say venture capital is now “irrelevant” to the funding of early-stage innovation.Ziff suggested this is down to the rise of new sources of funding – including crowdfunding, corporate venture within the cash-rich tech sector, and second-generation entrepreneurs who are seeding their next business with proceeds from their first.“But in the venture world itself,” he added, “a number of funds have moved from pure venture into growth equity financing and buyout without there being a steady stream of replacements.”Ziff said the survey highlights the “continued resurgence” in private equity, revealing an LP community looking to increase their allocations over the next 12 months and expressing positive expectations for returns over the next 3-5 years – higher than they were for the same period two years ago.The contrast with hedge funds, where one-third of respondents plan to reduce allocations – ostensibly in the light of the divestment decision recently taken by CalPERS – is clear from the survey.“Private equity is generating performance in a low-yield environment,” said Ziff. “The one note of caution is that LPs do have an eye on the exit environment looking 3-5 years’ out.”Almost 40% of the respondents – 41% of which were based in Europe, while 45% represented pension funds or insurance companies – expect the next “major downturn” to occur within three years, while there is near-unanimity on a major downturn within five years.Fieldwork for the Barometer was undertaken for Coller Capital in September and October 2014 by Arbor Square Associates.last_img read more

Big changes ahead for Badger hockey

first_imgWhat do you know, another Badger hockey column from a depressed beat writer at The Badger Herald.Thing is, my partner in overwhelming sadness, Adam Holt, covered all the anguish Tuesday. We were certain our experience covering the 2009-10 team was going to end with a kick-ass Wisconsin national championship, and I couldn’t help but imagine my play-by-play call of the championship moment for WSUM.But instead, I described five BC goals and watched the Badgers come up empty. Season over.Now what?Well, now is about that time you hear the one line that makes every loyal sports fan cringe. “There’s always next year.”But as excruciatingly painful as those five words might sound (think Barry Melrose’s hockey coverage), especially after such a near-perfect season, they need to be said eventually.So what about next year? Will we have to wait another four years to see the Badgers return to the Frozen Four? Or can UW make another run next season?The latter doesn’t seem likely with all the changes this team is about to endure.First things first, let’s talk early departures. Expect juniors Ryan McDonagh and Brendan Smith to leave early to start their pro careers. McDonagh has nothing left to prove at the college level and while Smith could use more defensive seasoning, he would be wise to capitalize on his stellar statistical season.Cody Goloubef and Derek Stepan are two other candidates to leave early.Stepan has made it clear that he intends to stay at least one more year, and he needs to add some bulk before he joins the Rangers system with McDonagh (Damn Rangers… Adam, another Double Down please).BUT, if Stepan suddenly decides to leave, the Badgers are in deep trouble. Their top returning center man would be — drum roll, please — Sean Dolan.Goloubef hasn’t given any inclination either way.Blake Geoffrion showed how beneficial an extra year in college could be, and Badger fans will certainly hope the other NHL draft picks follow his lead.But even if McDonagh and Smith leave early, the defensive corps should be fine. Experienced returners Goloubef (maybe), Jake Gardiner, Justin Schultz and John Ramage provide a solid two pairs. Craig Johnson and Eric Springer have also shown they are more than capable of filling in. The D-unit won’t be as offensive-minded as it was this past year, but it should be good enough.Plus, next year the defensemen will play in front of returning goaltender Scott Gudmandson. That stability will alleviate some early season stress and provide UW with one of the top goalies in the WCHA.But seniors Blake Geoffrion, Ben Street, Michael Davies, Andy Bohmbach, Ben Grotting, Aaron Bendickson, and John Mitchell are all moving on.What’s the one thing they all have in common aside from taking their games to another level in their final year? They are all forwards.The top lines are absolutely gutted.So, the second-highest scoring team in the nation loses a huge chunk of offensive production. Stepan is primed for another big year as the top center, but there isn’t much proven scoring behind him (again, assuming he doesn’t leave early).But then there’s the special teams — you know, one of the undeniable keys to a championship team.The power play unit loses its playmaker in Davies and its man in the middle/faceoff technician in Geoffrion. Plus, if Smith leaves early that lethal slap shot from the point is gone. But there is even more work to be done on the penalty kill.Geoffrion, Bohmbach, Bendickson, Grotting and Street were all penalty-killing forwards. That’s not going to be easy to replace.Seniors-to-be Podge Turnbull, Patrick Johnson and Dolan will need to step into leadership roles and can offer some help on the PK, but those three aren’t going to magically attain a scoring touch.Now there are a number of highly touted forwards that will earn playing time as true freshman (thankfully Eaves continuously gets some of the best talent across the country), but you can’t rely on first-year players to score on a consistent basis. The adjustment to the college game takes time.If this team wants to make another postseason run it is going to need some younger forwards to carry some serious scoring weight.That burden falls on two players in particular. Craig Smith and Jordy Murray.In his first year, Smith showed flashes of greatness but finished with just eight goals. But his size and tremendous strength with the puck make him look unstoppable at times when he wants to get to the front of the net.His game-winner against Minnesota where he knocked the puck out of mid-air in the slot and snapped a shot just under the crossbar was only a sample of Smith’s potential. But like any freshman, the Predators’ draft choice was plagued by inconsistency and had a tendency to take bad penalties.The Madison native has all the tools to be one of the top scoring threats in the WCHA and the Badgers need him to mature quickly.Murray is another skilled forward who will need to just about double his 21 points this past year. While his game over the past few seasons has been about puck possession and hard work in the corners, he has great hands and a nose for the net.With more time on the top lines and on the power play, Murray will have plenty of opportunities to get a little more creative in the offensive end.With over 270 points potentially leaving Madison, the 2010-11 UW lineup is loaded with question marks.Badger fans should pray Stepan returns and trust that Smith and Murray can take a big leap forward.Otherwise, UW might be destined to return to its four-year Frozen Four plan.Max is a junior majoring in journalism. Think UW is primed for another NCAA tournament run? Let him know at [email protected]last_img read more