In a recent congressional trade report, it was revealed that Kathy Manning, the congress member representing North Carolina's 6th congressional district, made a significant investment. Manning purchased a stake in Silver Point Distressed Opportunity Institutional Partners II, L.P., a private equity fund.
The transaction took place on September 3rd, 2024, with the notification date listed as October 4th, 2024. The dollar value of the trade falls within the range of $15,001 - $50,000. It's important to note that this investment was made through the Randall R. Kaplan Irrevocable GST FBO Kathy Manning & Descendants, which is a subholding of the Randall Robert Kaplan Alaska LLC.
The Silver Point Distressed Opportunity Institutional Partners II, L.P. is a private equity fund. Further details about the fund are held on file with the Committee on Ethics, as indicated by the fund manager's letter.
This investment move by Kathy Manning provides a glimpse into the financial decisions made by congress members. As always, investors are advised to conduct their own research and consult with a financial advisor before making any investment decisions.
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