In Washington, SEC official Sanchez used remarks on statewide joint powers authorities and energy prepay bonds to address a financing structure California public power agencies rely on to lock in cheaper energy, a speech worth reading for where the regulator sees disclosure risk in tax exempt prepay deals. Separately, SEC remarks at the Stanford private capital roundtable set out the agency’s current thinking on private fund access, the regulatory backdrop to every fundraising story in this edition.
In smaller sponsor deals, Mason Wells has closed its acquisition of Canworks, a digital beverage can printer, PE Hub reported. Gryphon Investors’ Vivify Specialty Ingredients has acquired botanical extracts supplier AuNutra Industries, and Greybull Stewardship has acquired El Paso textile recycler Mid-West Textile, both reported by PE Hub in the window, neither with a disclosed price.
In public works, a 13 year, 2 billion dollar New York City bridge rehabilitation programme has completed the eighth of its eleven projects, Construction Dive reported. In federal assets, the GAO reported that new occupancy data are helping agencies shed unneeded office space while gaps limit the full picture, and separately examined reductions in the National Nuclear Security Administration’s federal workforce, both published October 16 and covered for their policy content in today’s politics edition.