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Colbeck Capital Supports Inaugural Event to Benefit p1440 Foundation and Water Safety on Long Island's South Fork
Colbeck Capital Supports Inaugural Event to Benefit p1440 Foundation and Water Safety on Long Island's South Fork

Yahoo

time21-07-2025

  • Business
  • Yahoo

Colbeck Capital Supports Inaugural Event to Benefit p1440 Foundation and Water Safety on Long Island's South Fork

NEW YORK, July 21, 2025--(BUSINESS WIRE)--Colbeck Capital Management, a leading middle-market private credit firm focused on strategic lending, today announced its support of Hampton Volley, a community event hosted by three-time Olympic gold medalist Kerri Walsh Jennings and CONTRA. The event taking place Tuesday, July 22 at Kirk Park Beach is free and open to the public. Net proceeds will directly benefit p1440 Foundation and Hampton Lifeguard Association (HLA). p1440 Foundation, a 501(c)(3) public charity founded by Kerri Walsh Jennings, seeks to use sport as a platform for personal growth and community development. Named for the 1,440 minutes in a day, the Foundation's mission is to expand access to beach volleyball nationwide, supporting individuals of all ages and skill levels by creating inclusive spaces to learn and play. The HLA is a 501(c)(3) charitable organization dedicated to supporting vital water safety and rescue initiatives in Long Island's South Fork, raising funds to support a wide range of safety and training programs. Support from sponsors like Colbeck Capital helps ensure these organizations can continue expanding their impact and provide critical programs that benefit youth, families, and athletes across the region. To learn more about the event or attend, please click here. About Colbeck Capital Management Colbeck Capital Management ( is a leading, middle-market private credit manager focused on strategic lending. Colbeck originates senior secured loans to companies going through periods of transition, providing creative capital solutions. Colbeck sponsors its portfolio companies through consistent engagement with management teams in areas such as finance, capital markets and growth strategies, distinguishing itself from traditional lenders. Colbeck was founded in 2009 by Jason Colodne and Jason Beckman and currently manages $3+ billion of invested and committed capital. Colbeck's principals have extensive experience investing through different market cycles at leading institutions, including Goldman Sachs and Morgan Stanley. View source version on Contacts Media Contacts Jonathan Warren/Jared KimmelGasthalter & Co.(212) 257-4170colbeck@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Backpackers opt for city work over outback Queensland experience
Backpackers opt for city work over outback Queensland experience

ABC News

time20-07-2025

  • Business
  • ABC News

Backpackers opt for city work over outback Queensland experience

Each afternoon, the beach volleyball nets at The Strand in Townsville are filled with overseas backpackers enjoying the north Queensland winter. Hostels are fully booked and local hospitality venues are at capacity with workers completing their 88-day regional work requirement for their second-year visa extensions. Townsville's Australian Hotel owner Katie Kelliher said she received at least five resumes a day. "There's always backpackers looking for work, but this year in particular it's been next level," she said. "We are so inundated with the amount of people that are currently looking for work we can't even take resumes anymore." As the coastal towns thrive with the influx of travellers, north-west Queensland businesses and farmers are missing out on the backpacker workforce they rely on. The Working Holiday Maker visa is a cultural exchange program with over 40 partner countries offering young people the chance to work and travel for up to 12 months. Visa holders are required to complete 88 days of regional work in tourism and hospitality, the broader agricultural industry, mining and construction, or natural disaster recovery to extend their visas for another year. Robert Downie is the local publican at the Royal Hotel in Hughenden, about 400 kilometres west of Townsville. He said most backpackers were opting to work along the coast, which had impacted on his business. Julieta Blans from Argentina is one of those completing her regional work requirement in Townsville so she can stay in Australia for a third year. She said it became harder to find work and accommodation during the winter months because the weather was better. "Everyone starts leaving in December. Last year there was no-one, the hostel was empty," she said. "But now the weather is beautiful." She said the change to include hospitality in the 88-days requirement encouraged her to extend her stay in Australia. Shane McCarthy, the president of Agforce, the peak industry body representing primary producers in Queensland, said the short-term workforce had not been the same since the pandemic. "There always seemed to be a good supply of young people willing and able to come out and have an outback experience while they earn some money," he said. But now, Mr McCarthy said grazing properties were struggling to find the extra hands in the paddock. "You either have to try and do it yourself or you're putting it off until you can find someone to help you," he said. He suggested incentives to get workers out of the cities and into the bush. As backpackers now struggle to find work and accommodation in the bustling coastal cities, publican Robert Downie hopes more will venture to the outback. "I don't think they quite realise how good it can be out west," he said. He said accommodation was often provided for workers, and people around town were keen to get to know visitors. "We've actually had more stay longer because they enjoy being here so much," Mr Downie said.

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