Navy Capital, a New York-based asset manager focused on the global cannabis sector, has hired Chetan Gulati as a Partner and Head of Research.
Gulati brings nearly 20 years of experience to Navy’s team, having begun his career practicing law at Wachtell, Lipton, Rosen and Katz where he focused on corporate restructurings and finance. He then joined Perry Capital in 2007, and was ultimately appointed to run Perry’s London operations from 2010-2016. Most recently, Gulati was a Partner at Smith Cove Capital. He holds a BA from the University of Rochester and a JD from Yale Law School.
“We are delighted to welcome Chetan to our growing team,” says John T Kaden, President and Managing Partner of Navy Capital. “His substantial experience in the industry will be a tremendous asset to Navy Capital at a time when institutional investors are increasingly looking for ways to gain exposure to secular trends in the global cannabis industry. We are committed to identifying the most attractive opportunities around the globe for our investors, and Chetan will play an integral part in leading that charge.”
Gulati says: “I am thrilled to join John and Sean at Navy Capital and look forward to furthering their presence as the thought leader in the global cannabis sector. Navy’s expertise and relationships in the industry are second to none, and the growing institutional investor interest and historic growth rates in the cannabis space make their positioning extremely attractive.”
Navy Capital has also recently hired Kevin McLaughlin as CFO and Jaci Daudt as Director of Investor Relations. McLaughlin brings over 25 years of experience in CFO and CCO roles in the hedge fund industry, while Daudt brings nearly 10 years of industry experience and will lead the firm’s IR effort. In conjunction with the recent additions to the team, Sean Stiefel (Navy Capital’s Co-Founder and Portfolio Manager) has assumed the role of Chief Executive Officer, while Peter Watts (Head Trader) and Jeffrey Schultz (General Counsel) have been named partners of the firm.
