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Morgan Creek Capital Management has appointed Michael Forstl as a Managing Director and Head of Intermediary Distribution.
In his new role, Forstl will lead the firm's wealth management distribution efforts as well as designing new products that leverage Morgan Creek's unique approach to investing and asset management.
Forstl brings over 25 years of experience in the sale and distribution of a wide array of investment solutions. Most recently, he consulted for financial institutions on the development, launch and distribution of new and existing products. His efforts included working with UBS, BNY Mellon, Richard Bernstein Advisors, and ETF Global.
"When
Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months:
The infrastructure fundraising market in 2014 saw a slight drop in total capital raised, from USD44bn in 2013 to USD38bn in 2014. Yet a more significant drop was seen in the number of funds reaching a final close; 2013 saw 69 funds reach a final close, compared to just 42 funds in 2014. As such, the average infrastructure fund size has
Omnes Capital has supported Eratome in its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance), a company specialising in public exterior works
Eratome Group, a specialist in the repair and maintenance of social housing in the Ile-de-France region, continues its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance). Omnes Capital has supported Eratome since July 2013.
Initially specialised in the full-service renovation of social housing, Eratome acquired DSM in 2012 and then Profil in 2013. These transactions have given the group a foothold in locksmithing and major repairs and maintenance work, mainly in
Riata Capital Group, a Dallas-based private equity investment firm focused on sponsoring investments in privately held companies in the consumer, energy, healthcare and business & industrial services sectors, has opened its doors for business.
Riata is led by Jeff Fronterhouse, Co-Founder and Co-Chief Executive Officer of Brazos Private Equity Partners, LLC (Brazos), and Barron Fletcher, Founder and Managing Partner of Parallel Investment Partners (Parallel).
Fronterhouse says: "Barron and I have a long history going back over twenty-five years and have been socialising the concept of combining our experience, skill sets, and network of relationships for many years. We have both
Preqin and Baxon Solutions have formed a strategic partnership, which includes Preqin taking a significant minority stake in Baxon.
This will accelerate Baxon’s development and delivery of a comprehensive portfolio management and valuations platform for the private equity industry. The principal aim of the partnership is to combine the alternative assets expertise of both firms to address the rapidly increasing market demand from both GPs and LPs for transparent, accurate and actionable data on their funds and portfolio investments.
Jorge Hansen, Managing Director of Baxon, says: “We are extremely excited about partnering with Preqin and becoming part of the
Private equity fund American Securities has held the first and final closing of American Securities Partners VII with total capital commitments of USD5 billion.
As a result of strong investor interest, American Securities closed the fund above the USD4 billion target and at the hard cap the firm established at the outset of fundraising in September 2014.
"American Securities greatly appreciates the interest expressed in ASP VII by many long-standing relationships, as well as new investors, from the US and global investing community," says Michael G Fisch, President and CEO of American Securities. "This new partnership provides us with
B Riley Financial has announced an expanded role for Steven H Reiner to include a newly created position of Chief Business Development Officer, Asset Dispositions in its Great American Group, LLC subsidiary.
Reiner will continue to serve as a Managing Director and the Head of Consumer Investment Banking for the Company's B Riley & Co, LLC subsidiary.
In his new role, Reiner will be responsible for managing business development for Great American Group's asset disposition businesses.
"Our clients' financial needs are rarely singular in nature, with the solution requiring specialists from multiple financial disciplines," said Bryant Riley, Chairman,
Corporate, fund and private client services provider JTC Group has marked its 27th consecutive year of growth with the launch of a refreshed global brand.
The launch of JTC’s new look comes after another successful year, which saw the firm continue its strategic expansion plan, growing its Assets Under Administration (AUA) to more than GBP25bn across its three core divisions, expanding its global footprint to have a presence in 17 jurisdictions, growing its volume of clients to over 2,000, and increasing its global staff headcount to over 300.
JTC highlights from 2014 include acquiring a book of private client business
Kelley Drye & Warren has appointed Michael A Adelstein as a partner in the firm's Corporate Practice in the New York office.
Adelstein is one of the foremost lawyers in the field of alternative investments, representing hedge funds, placement agents, companies, family offices and other private investment vehicles in the structuring, negotiation and development of PIPEs (private investment in public equity) and registered direct transactions.
Adelstein also advises on initial public offerings, primary and secondary offerings, CMPOs, ADR/ADS offerings, special purpose acquisition companies (SPACs), 144A offerings, venture capital, private equity and convertible securities transactions. He represents investors, placement agents and
The TCW Group has formed the TCW Power Group and made two senior hires for the new team.
The Power Group is part of TCW’s alternative asset management platform and is overseen by new hire Brian Daly, managing director and head of the TCW Power Group. Daly reports directly to Jess Ravich, group managing director and head of alternative products at TCW. Bill Cavers has also joined the Power Group as a senior vice president and reports to Daly. Both Daly and Cavers are based in TCW’s New York City office.
The TCW Power Group will focus on making middle-market
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