What Is Private Equity? - Forbes Advisor Wasserstein & Co. - Private Equity Company Info Description:Wasserstein & Co. is a private equity company based in New York, NY and has approximately $300 million in assets under management. Smith is the third generation in his Indianapolis Irish family to graduate from the Catholic university; two of his four kids are currently studying there. *SHIPS WITHIN 1 - 2 WORKING DAYS SUPER BRIGHT LIGHT - Over 2000 lumens of light will enhance your camera's vision in low-light conditions and allow. But, as Smith says, its also a great place to lose money. Jan 2003 - Mar 20052 years 3 months. Register now to read this article and more for free. Then, in the 1980s at First Boston, and at Wasserstein Perella after 1988, together they helped create "a dynasty of bankers and executives that has spread throughout Wall Street and corporate America". [8], In 2000, Wasserstein Perella ranked fifth in the U.S. as an adviser on mergers and acquisitions. The world had changed, and the firm needed a partner. Private equity is composed of funds and investors that directly invest in private companies , or that engage in buyouts of public . corporate development. In 2008, Mr. Parsons served as a member of then-President-Elect Barack Obamas Economic Transition Team. Before joining Wasserstein Debt Opportunities Management, LP, Mr. McLellan was a Senior Vice President at Sheffield Asset Management, LLC (Sheffield), a Chicago-based fund with a contrarian value orientation. Smith, who had been co-head of high-yield group among other positions at Van Kampen Investments, now runs GSOs customized credit strategies, including CLOs, closed-end funds and Franklin Square Capital Partners, its small-cap direct lending group. When Bruce Wasserstein and Joe Perella Ruled the World - WSJ It was a good time for Goodman, Smith and Ostrover to start their own firm. Chief Financial Officer and Chief Compliance Officer. ALM, which in January 2005 changed its name from American Lawyer Media, was formed by U.S. Equity Partners L.P., a private equity fund sponsored by Wasserstein & Co. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. Balkan Advisory Company, Sofia, Bulgaria. Executive Team - mClinical Technology As the market comes down, we put out a lot. That makes GSO Blackstones fastest-growing business in terms of both earnings and assets. PWP provides financial and structuring advice in connection with capital raising alternatives, including debt, equity, and hybrid capital, identifying alternative sources of growth capital, including SPACs and private capital, and assisting with identifying investors, developing terms and structuring the transaction. A verification email is on its way to you. Wasserstein Debt Opportunities Approach prospective clients and partners; make presentations. Northstar Travel Group acquired by Wasserstein - Wicks Group Upon Dresdner Bank's acquisition of Wasserstein Perella in January 2001, Wasserstein & Co. was spun off as an independent company owned by Bruce who . Private equity is a financing method that facilitates companies to acquire direct investments from PE firms for a long-term without adopting the traditional ways of fundraising such as public listing or business loans. In recent years, the firm has invested in pharmaceutical manufacturing, retail pharmacy, cancer care and diagnostics platforms in Egypt, Nigeria and Morocco. Wasserstein Debt Opportunities Management, LP ("WDO") is a New York-based SEC-registered investment advisor focused predominately on leveraged loans and high yield bonds. Patience is the key, says Smith, adding that GSOs funds and compensation are structured in such a way that staffers dont have to feel compelled to put money to work in deals that dont make sense. When Sony was trying to buy EMI in the fall of 2011, it couldnt consolidate all the debt onto its balance sheet without getting downgraded. Contribute to the database and get 1 month free* Full online access! We, on the other hand, want to own the risk.. Though the three are equal partners at GSO, Smith and Ostrover often defer to Goodman for the final word. Drexel was a place where analysts spent days buried in the dense financials of dicey companies. The firm honed the skills needed to look at an ugly financial situation and determine the commercial viability of a financing for both the companies and investors. Mr. Bagaria began his career in the leveraged finance market in 1999. Debt opportunities management delivered through partnership, visionand experience. Wasserstein family - Forbes He brings more than ten years of investment banking and private equity investing experience in the consumer, healthcare and financial services sectors across the MENA region and Sub-Saharan Africa. Updated June 5, 2014, 1:21 p.m. | An investor consortium led by Wasserstein & Company announced on Wednesday that it bought back ALM Media, which publishes The American Laywer and other titles, from its current owners, Apax Partners and the Royal Bank of Scotland.. Apologizing for the seeming hokeyness of it, he refers to a black-and-white picture in his office of New Yorks Orchard Street early in the past century, with unpaved, muddy roads; pushcarts; and a glimpse of Ostrovers Smoked Fish. Marina is based in Alta Sempers Cairo office. Afsane Jetha began her career at Merrill Lynch and Wasserstein Private Equity before moving on to the consumer team at Permira in London. In 1987 the Los Angelesbased Milken called Goodman, who by this time focused on LBOs, telling him he should move to Beverly Hills and work for Friedman (who would go on to co-found hedge fund firm Canyon Capital Advisors). degree in Finance and Government from the University of Notre Dame in 2002, graduating magna cum laude. Work with portfolio companies to integrate sustainability considerations into their business plans, as applicable. At PWP, we seek talented people capable of broad and creative thinking with the drive to provide the highest quality advice to our clients. But its deals remained small, providing funding for companies like Pacific Lumber and Caff Nero, a U.K. coffeehouse chain. Morants agent denied previous allegations he hit and flashed his gun at a teenager suggesting they were made to tarnish his reputation. The firm had purchased a small CLO group, run by Daniel Smith, from Royal Bank of Canada. Work with portfolio companies to address ever-changing cyber-security considerations. Private Equity Resume Sample In 2007, Merrill Lynch & Co. took a minority stake in GSO and the firm had its first closing for a new mezzanine fund. Mr. Campbell received a B.S. degree with a double major in Finance and Accounting from Lehigh University. Junk bonds also fueled the leveraged buyouts of the 1980s, when firms like KKR targeted companies that had once turned deaf ears to shareholder demands. Two years out of the University of Notre Dame, he witnessed firsthand the toll Drexels failure took on senior managers whose wealth had been tied up in its stock. Victoria Grace is a founding partner of Colle Capital Partners LP, an opportunistic, early stage technology venture fund. David Geffen is the Warren Buffett of the entertainment industry, and they understood the value of that to the deal, he explains. Wasserstein Debt Opportunities | LinkedIn If youve been out in the battlefield for seven years, being shot at constantly, you dont know what to do if the bullets stop flying, he told Ostrover, who left the lunch uncertain whether the CEO would agree to his plan. Competition from increasingly bigger banks was fierce. J.P. Morgan and other Wall Street research firms changed their rating from a sell to a hold GSO had been hoping for a buy and Credit Suisse refinanced Hovnanians high-cost debt that was coming due in 2016 and that the naysayers were sure would sink the company. The GSO team is confident that the bright future investors are anticipating will lose its luster sooner or later, whether its because of inaction in Washington or rumblings from North Korea, Israel or Iran. All Rights Reserved. Meet Chicago's newest, most connected banker - Crain's Chicago Business Journal Report. On the strength of that bridge loan business, we built ourselves up into the leading firm, says James. Drexel had unwittingly passed the high-yield baton to DLJ. 99 Canal Center Plaza | Suite 400 The new power brokers in the financial industry are money managers and investors like GSO, which control real assets. Consider whether a potential portfolio companys business aligns with EagleTrees core values. Afsane Jetha co-founded Alta Semper Capital in 2015. She has strong personal and professional ties to East Africa being a fourth generation Tanzanian. The EagleTree Capital team is currently investing its fifth private equity fund, EagleTree Partners V, with over $1.1 billion of committed capital. New York, NY 10036 He also serves on, and was formerly Chairman, of the Advisory Board of the Yale School of Management and is on the Board of the Cate School. Its really hard for some people to be aggressive in times of disruption because you have to do your work beforehand, says partner Smith. Smith had joined Salomon from Drexel, leaving with a group during the bankruptcy. In addition to his role at Semper Capital, Greg is on the Board of Pan African Investment Company, an early-stage venture capital investor in Africa, founded by Mr. Ronald Lauder and Mr. Richard Parsons. The firm, which has a competitive advantage by doing most of its own loan originations and investing in companies that are No. He also serves on Semper Capitals Risk Management and Compliance committees. His research and publications focus on international development with a special focus on capacity building in health care and biopharmaceutical production in emerging economies. In the meantime, it has cut back the pace of investments and is going after only the most compelling ones, in industry sectors including shipping, metals and mining, and natural gas. If you disable this cookie, we will not be able to save your preferences. EagleTree Capital has taken into consideration a variety of representative policy documents, including the United Nations Principles for Responsible Investment, in the development of our Environmental, Social and Governance (ESG) Policy. Mr. Bagaria is the Advisors President and Chief Investment Officer. WASSERSTEIN - Wasserstein Wasserstein controlled Wasserstein & Co., a private equity firm with investments in a number of industries, particularly media. 1 or 2 in their markets, looks at about 1,000 deals every year and completes fewer than 5 percent of those. Sony went to every bank it knew, including those in Japan, but couldnt get a $500million bridge loan. (212) 702-5602 The Team. She is a graduate of the University of Pennsylvania's Wharton School where she earned her BS in Economics. To be sure, Blackstone is not the only manager to have smelled opportunity in the financing void. March 29-30, 2023
The top skills needed for this position are business management, market analysis, finance and accounting, problem-solving, data . Afsane holds an MBA from Harvard Business School and a BSc in Economics, from The Wharton School at the University of Pennsylvania. Wasserstein & Co. manages capital on behalf of institutional and individual investors. In July 2007, he sold American Lawyer Media to Incisive Media for about $630 million in cash. With assistance from the ESG Sub-Committee and outside ESG specialists, as appropriate, EagleTrees deal teams will manage and monitor material ESG issues that have been identified during portfolio company ownership. MVision In Europe 70 to 75 percent of lending is done by banks. Wasserstein & Co. Portfolio Investments, Wasserstein & Co. Funds EagleTree has a history of charitable giving and an active Philanthropic Committee that strives to support a number of charities from both a financial and volunteer perspective. PDF Private Equity Firms in Southern California - Los Angeles County Prior to founding Alta Semper, Afsane spent nearly five years with the Duet Group as the Managing Director of the firms African Private Equity platform, investing nearly US$200m across Sub-Saharan Africa. These initiatives and strategies include new product launches, entrance into new markets, add-on acquisitions and operational improvements. He now manages its hedge fund. He is in charge of all of the Firms operations and leads the investment decision making process for all capital investments. And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. Manage and implement various projects in the fields of corporate finance, mergers & acquisitions, project finance, capital markets, private equity and asset management. He also engineered a $479 million purchase of home security company SecurityLink by Chicago private-equity . The EagleTree Team has worked together for over 25 years. She holds her MBA from Harvard Business School and a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania.
