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Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has opened a new office in Los Angeles to cater for demand for its AbacusFLEX private cloud solution.
The company achieved a record year in 2014, winning 60 new clients, and sees continued momentum in 2015.
The increased demand for Abacus Group’s private cloud solution is due to a significant interest in managed services and hosted solutions from the financial services industry with both established financial institutions and up-and-coming startup funds. These clients have selected Abacus Group to achieve a scalable, flexible and robust
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
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,
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
KKR has appointed Haroun van Hövell as a Managing Director and the Head of its Energy Team covering Europe, Middle East and Africa.
Haroun van Hövell joined KKR from Riverstone Holdings, where he was a Managing Director and responsible for sourcing and managing investments across the energy industry, with a particular focus on the exploration & production and midstream sectors. Haroun’s prior experience also includes 4Gas Holding, The Carlyle Group and Salomon Smith Barney.
Johannes Huth, member and head of KKR EMEA, says: “I am delighted that Haroun is joining our team here in London as we continue to build
Jay Schifferli has joined law firm Goodwin Procter as a partner in its Private Equity Group in Washington, DC.
Schifferli comes to Goodwin from Kelley Drye & Warren, where he was chair of that firm’s private equity practice.
Schifferli focuses his practice on private equity; mergers, acquisitions and joint ventures; public and private securities offerings and compliance; and general corporate, securities and business matters.
He advises private equity funds and public and private companies across an array of areas including stock and asset acquisitions and divestitures, tender offers, exchange offers, “going private” transactions and related financings. He also represents public
International law firm Simmons & Simmons has opened a new office in Luxembourg, headed by Partner Stéphane Ober, who joined the firm in November 2014.
The Luxembourg team includes four additional new partners and a team of eight associates.
The four partners, who joined the firm on 01 January 2015, are:
Louis-Maël Cogis who has acted for some of the largest international investment banks in both capital markets and international banking matters. He has particular expertise on issues of debt securities, securitisation transactions, syndicated lending and leveraged acquisition finance.
Viviane De Moreau d'Andoy who has more than
International law firm Brown Rudnick has hired Moris Mashali as a Partner in its Corporate & Capital Markets practices in London.
The Founding Chairman of risk management advisory firm RIMA Consulting Limited, Moris focuses on general corporate transactions, acting for high net worth families, hedge funds and businesses in the hospitality, real estate and technology sectors.
He is dual qualified as a Solicitor (England and Wales) and an Attorney-At-Law (New York) and advises on cross-border mergers and acquisitions, venture capital financing, seed investments in hedge fund businesses and technology start-ups, private equity investments in public equity, public to private
Bob Lefton and Bob Zollars have joined Frazier Healthcare’s Growth Buyout team.
Zollars joins as an Operating Partner and Lefton joins as a Senior Advisor. Both will assist the Growth Buyout team at Frazier with identifying, evaluating, acquiring and advising its healthcare services companies.
Lefton is Co-Founder, Executive Chairman and a Director of DSI Renal. Frazier Healthcare is a founding investor and a primary shareholder of DSI Renal. Prior to DSI, Lefton served as President, Chief Executive Officer and Director of Odyssey Healthcare Inc. (NASDAQ:ODSY), the largest publicly-traded hospice services provider, from October 2005 until August 2010. Odyssey was sold
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