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Latham & Watkins has made a double partner hire, with Fergus Wheeler and Paul Yin joining the London office within the Banking Practice. Wheeler and Yin regularly advise on all aspects of acquisition financing, rescue financing, restructurings, liability management solutions and cross-border special situations lending.
We are also investing in our branches and have refurbished over 460 branches during the first three quarters of this year. We continue to hire proven leaders in our corporate investmentbank. We also hired a new vice chair of corporate banking, who is focused on helping us continue to expand and grow that franchise.
We created a strategic partnership with Centerbridge Partners and introduced Overland Advisors to better service our commercial banking customers with a direct lending product. We have targeted our investmentbanking capabilities toward our commercial banking clients. Turning to capital and liquidity on Slide 10.
We continue to generate strong fee-based revenue growth with increases across most categories compared to a year ago due to both the investments we're making in our businesses and favorable market conditions with particular strength in investment advisory, trading activities, and investmentbanking.
million investmentbanking transaction. Turning to segments and starting with Capital Markets. Total revenues for the segment declined 21% to $82 million, driven by lower investmentbanking revenues and a 30% decline in non-cash MSR revenues from GSE lending. These three transactions added about $0.45
Of fundamental importance, our 2023 investing in gaming and nongaming was accretive. Our announced 2023 capitalinvestments were made at a blended initial unlevered investment yield of 7.7%. Our 2023 investing was also balance sheet-enhancing. billion of investment with approximately $1.6 We funded this $1.8
But I think pleasing is that we have maintained our capitalinvestment into our operations year on year with a total of ZAR2.55 billion being spent during the current reporting period, and I think testament to our sustained investment in our assets for the future. Some milestones. Our project is now fully funded.
I was actually running the InvestmentBanking Club at BYU, and you know, thought I was interested in that, interested in going to Wall Street. We had a group that was doing small growth capitalinvestments in Germany and Switzerland at that time, a fund doing secondaries. And the senior people were more specialized.
So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investmentbanks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. Coming back to my comment, again, it’s your liability side.
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