Blue Wolf Capital Management, a New York-based private equity firm, has announced that Mike Musuraca has joined the firm as a managing director.
Blue Wolf Capital Management, a New York-based private equity firm, has announced that Mike Musuraca has joined the firm as a managing director.
Prior to joining Blue Wolf, Musuraca, 51, was an assistant director in the department of research and negotiations with District Council 37 of the American Federation of State, County and Municipal Employees and served on the investment and proxy committees of the New York City Employees’ Retirement System as the council’s designated trustee.
The Investment Committee of Nycers makes investment policy, asset allocation, and manager selection decisions on behalf of the USD38.8bn retirement system. In this capacity, Musuraca worked closely with both Adam Blumenthal and Josh Wolf-Powers, founding partners of Blue Wolf, in the restructuring of Nycers’ investment policies and asset allocation, as well as the financing basis and policies and procedures for its staffing by the Office of the New York City Comptroller.
Musuraca also served on the board of the Principles for Responsible Investment, and is an expert on New York City finances.
‘At the City, Mike was an invaluable partner in the changes to the investment and management of Nycers’ assets we helped make, which benefited the assets of all of the New York City Retirement Systems,’ Blumenthal says.
‘He was always a thoughtful contributor and skilful advocate in what was, necessarily, an extraordinarily complex process, featuring multiple elected officials and every major municipal labour union in New York City, all of whom had to come together to make changes. We could not have succeeded at New York City without the contributions Mike made.’
Musuraca says: ‘I don’t know of a private equity fund better situated to take advantage of the current market dislocations than Blue Wolf Capital Fund II, nor do I know one that does a better job of demonstrating, daily, that it is possible to make extraordinary returns on behalf of your investors while behaving responsibly toward your employees and the larger environment. Blue Wolf is a leader in corporate social responsibility and constructive labour relations among private equity firms, and I look forward to helping the firm continue to demonstrate the effectiveness of its strategy and approach.’
