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The Revealed Brand Name of Soon-To-Launch BTC-Denominated Fund

MCAPMediaWire – BGBF, a Southeast Asia Bitcoin-denominated fund that will be launching its highly-anticipated second sub-fund in early May 2022, has announced that ‘The ICOA Fund’ will be the official brand name of this second sub-fund.

Set to be a Monetary Authority of Singapore regulated fund, this second sub-fund has so far been referred to by its working title of ‘BGBF-2’.

The rationale behind choosing The ICOA Fund as the brand name is to deepen and demonstrate the strong bond and collaboration it will have with its parent company, ICOA Inc.

ICOA Inc. as the parent company, and The ICOA Fund as a subsidiary brand, will undoubtedly draw from the other’s reputational strengths and networks. Together, they will more powerfully increase the awareness and reach of the ICOA brand, with the overt connection between parent and sub-fund allowing for joint marketing opportunities and efficiencies.

BGBF’s holding company, BCMG, was acquired in late 2021 by ICOA Inc. ICOA Inc.is a publicly traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces through strategic acquisitions and joint ventures.

The ICOA Fund will launch with a hard commitment of 2000 BTC. It will invest exclusively in BTC and BTC Derivatives and offer insurance coverage and underwriting for public offering security insurance. The new fund will retain the strapline of ‘Multiplying Bitcoins’ used by BGBF’s first fund, BGBF-1.

Details on the trading philosophy and investment structure behind The ICOA Fund will be announced at launch. As a summary:

  • A maximum of 70% will go towards three BTC yield generating sub-strategies;
  • A maximum of 30% will be invested into Market Making and liquidity pools of carefully selected projects.

ICOA Inc.’s Chief Executive Officer Hadria Wong comments: “ICOA and BGBF effortlessly connect on our collective core mission of bridging traditional finance and virtual assets. As we have learned through working alongside each of our subsidiaries, our ecosystem is much more powerful when we combine forces and lean on each other.

The ICOA team is thrilled to soon launch ‘The ICOA Fund’ and turn it into a great success and opportunity for our investors.”

Top level information on the The ICOA Fund can still be found at www.BGBF.fund. The new URL of www.icoa.fund will go live in the next 24 hours. Please note that a branding transition will be in operation for the next week. Website visitors are therefore advised that references to BGBF-2 might still exist until the official launch of The ICOA Fund in early May 2022.

For more information on ICOA Inc., please visit icoa.tech or the official ICOA Twitter here.

For further information, please contact [email protected]

About ICOA

ICOA is a publicly traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces. Establishing itself as a heavyweight in the innovative tech space through introducing millions of people— across forty states— to wired and wireless broadband networks, ICOA now looks to the next wave of transformative technology— blockchain.

The highly experienced ICOA team supports its investors through strategic acquisition, identifying the most promising and exciting opportunities across the whole blockchain ecosystem. By acquiring or partnering with a spectrum of deliberately chosen projects or teams from key verticals, ICOA delivers on its mission of bringing digital assets to every portfolio and making blockchain opportunities accessible and safe for retail and institutional investors alike.

For more information on ICOA, visit its company website here.

About BGBF

BGBF is Southeast Asia’s first POSI-insured, Bitcoin-denominated, and Monetary Authority of Singapore-regulated fund. A unique fund with a Bitcoin in, Bitcoin out structure, BGBF multiplies its clients’ BTC while providing them with additional unparalleled security measures— so they can trust their assets are in safe hands.

Open to accredited investors as per Singapore Jurisdiction, BGBF delivers guaranteed returns through an innovative investment strategy and provides convenience through effortless FIAT conversions. Investing in BTC has never been simpler or more dependable.

In late 2021, BGBF’s holding company, BCMG, was acquired by ICOA, a publicly-traded Nevada-based company operating in the fintech, blockchain, decentralised finance, and cryptocurrency spaces. BGBF seamlessly lends itself to ICOA’s mission to bridge traditional finance with virtual assets.

To learn more, please head to BGBF’s website here.

SAFE HARBOR STATEMENT:

This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results implied by such statements.

These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company’s control.

Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

9/11 Victim Compensation Fund: What Is It And Who Is Covered?

The September 11 attacks, commonly referred to as 9/11, were a series of four coordinated terrorist attacks. Typically, crimes are considered unlawful behaviours that can affect the general public. If you get hurt as a result of these criminal acts, you’ll need to deal with some serious consequences, including disability, payment of medical bills, lost wages, pain and suffering, and other similar conditions.

To help recover from these losses, the government has established the Victim Compensation Funds (VCF). Although these crime compensation programs differ from state to state, the 9/11 Victim Compensation Fund is the most common.

COMPENSATION CLAIM red Rubber Stamp over a white background.

Read on to learn everything about the 9/11 Victim Compensation Fund, including its coverage.

What Is The 9/11 Victim Compensation Fund?

The September 11 terrorist attack has left fear, trauma, and emotional anguish for all the victims, survivors, and their families. Many people died and were injured during the attack, making it one of the most catastrophic events in the history of the United States.

This is how the 9/11 Victim Compensation Fund began. It’s a government-mandated program designed to compensate individuals or their representatives who suffered death or physical harm because of the terrorist attack on September 11, 2001, and its aftermath.

Originally, the 9/11 VCF operated from 2001 to 2004. But, in January 2011, President Obama signed into law a bill reactivating the September 11 Victim Compensation Fund, which allows affected individuals to file their claims until October 2016.

In December 2015, President Obama reauthorized the VCF, extending it for five years. This means that all eligible people can submit their claims until December 2020.

But, in July 2019, President Trump signed into law the permanent authorisation of VCF, extending the submission of claims from December 2020 to October 2090.

Who Is Covered By The 9/11 Victim Compensation Fund?

Before filing a 9/11 VCF claim, it’s crucial to establish your eligibility to do so. This means you should be qualified to bring a claim to recover compensation under the criteria provided by the 9/11 Victim Compensation Fund Program.

The following are the individuals who are eligible for an award under VCF:

  • Those who were diagnosed with 9/11 illnesses, including acute traumatic injury, VCF-recognised cancers, aerodigestive disorders, musculoskeletal disorders, mental health conditions, and other diseases proven to be caused by 9/11 fumes and toxic dust.
  • Those who were volunteers, first responders, and other individuals who worked, lived, or went to school near ground zero of the attack and the exposure zone from September 11, 2001, to May 30, 2002.

The exposure zone includes the area of Lower Manhattan south of Canal Street, Clinton Street, and East Broadway Street, plus the debris removal routes and the locations where the equipment and trucks are serviced.

However, it’s essential to know that proving you’re a victim of the 9/11 terrorist attack can be complicated. You need to procure enough evidence to ensure you satisfy the criteria mentioned above. Hence, to help you with the claims process, you can check some reputable legal websites and other online resources to learn more information.

What Is The 9/11 Victim Compensation Fund’s Coverage?

Primarily, the VCF’s goal is to compensate victims and their families for all the losses they sustained due to the attack. It’s also created to ensure that they wouldn’t file claims against the airlines involved in the September 11 terrorist attack.

Additionally, the compensation covers medical costs, including hospitalisation, mental health counselling, and other related expenses. However, a standard calculation based on the following factors is used to determine the proper compensation for each eligible individual:

  • Collateral offsets: These refer to benefits obtained by a person from many sources. These can include disability insurance proceeds, which are usually deducted from life insurance proceeds in the event of death.
  • Economic losses: These refer to losses incurred as a result of the disability caused by the crime.
  • Non-economic losses: These cover all the diseases and death caused by the criminal event.

To get the right compensation amount, the economic and non-economic losses are added, and the sum is subtracted from the collateral assets. Although the formula seems straightforward, the computation can be a bit tricky.

Because of this, it’s best to seek legal assistance from a dedicated attorney to guide you through the process. Their knowledge and experience on this matter can help you receive the right compensation for your losses, which is essential in getting back on your feet in no time.

Bottom Line

Being injured due to a violent crime can be a frustrating ordeal. To help you rebuild your life and that of your family, you may be qualified to file a 9/11 VCF claim to get paid financially for all your losses.

So, keep the information mentioned above in mind to educate yourself about this compensation program. Knowing how the September 11 Victim Compensation Fund works can help you handle your claim more efficiently to achieve a positive outcome.

Kirkland & Ellis Advises Nordic Capital

Kirkland & Ellis is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

Nordic Capital today announced the successful final close of Nordic Capital Fund X, at EUR 6.1 billion. The Fund, launched in April 2020, was oversubscribed at its hard cap, and was raised in less than 6 months in a ground-breaking remote capital raise without holding any face-to-face meetings. This is the largest fund that Nordic Capital has raised since its inception in 1989 and surpasses its 2018-vintage Nordic Capital Fund IX which raised EUR 4.3 billion.

Investors were attracted to Nordic Capital’s leadership, proprietary sourcing methods and proven track record of creating value through business transformation and solid earnings growth in its focus sectors of Healthcare, Technology and Payments, Financial Services and its selective investments in Industrial and Business Services. Nordic Capital’s strategy of focusing on non-cyclical, growth businesses was validated by the strong performance of the existing portfolio since the COVID-19 pandemic started. In addition, Nordic Capital recently received the highest ESG rating from the UNPRI.

Fund X attracted investors from across the globe, with investors from every continent including 38% from North America, 27% Europe, 17% from Asia, 15% from the Middle East and 3% from RoW. The investor base comprises a well-diversified mix of institutional investors: public and private pension funds; sovereign wealth funds; fund of funds; financial institution; and endowments and family offices.

The new Fund expands Nordic Capital’s blue-chip investor base with 34% of commitments deriving from new investors. The re-up rate by capital of Fund IX LPs in Fund X is c. 90%. The Fund also drew significant support from Nordic Capital’s own team, as well as portfolio company management teams and industrial advisors.

Fund X will be invested across Europe, with a mandate for global investment in Healthcare as in the prior Fund and an emerging smaller global mandate also for Technology & Payments businesses.

Nordic Capital’s proprietary sourcing methods have continued to generate a strong deal pipeline despite the pandemic. It has in 2020, announced two new platform acquisitions: Max Matthiessen in May, a leading financial advisor in the Nordic region and Siteimprove in September, a global leader within website experience and digital marketing optimisation.

Furthermore, it has supported several transformative portfolio company add-ons and completed two partial exits. Nordic Capital’s current portfolio companies have on average achieved 10% organic employment growth and an 8% increase in annual sales.

The fundraising was led by Nordic Capital’s in-house Investor Relations team, supported by Rede Partners who acted as global placement agent, Transpacific in Asia, Ameris in South America, with Kirkland as lead legal counsel, supported by Carey Olsen in Jersey and Arendt in Luxembourg.