The firm seeks to . Zacharys advisory experience was developed within the investment banking divisions of UBS and Goldman Sachs in New York and Johannesburg. Bruce Wasserstein was an American investment banker, businessman, and writer who began his career as an attorney with Cravath, Swaine & Moore. EagleTree continues to encourage all of its employees to actively engage in nonprofit volunteer activities and giving in our communities. West Palm Beach, FL 33401. Grace serves as the CEO of Queen's Gambit. The private equity business of the investment firm was not included in the sale and was . Investments can also be shared. 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. The ESG Committee will meet at least quarterly. ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) POLICY, TermsofUse and Other Important Disclosure. She previously served as Partner at Wall Street Technology Partners LP and Director of the Dresdner Kleinwort Wasserstein Private Equity Group. During his time at the IFC, he advised on the first PPP in the West Bank. He also served on the Board of Directors of the Center for a New American Security and the National Guard Youth Foundation. In furtherance of this ethos and in accordance with our responsibilities to our clients and other stakeholders, EagleTree is committed to identifying and considering ESG issues, risks and opportunities associated with potential portfolio company investments and engaging with portfolio companies on these matters during our ownership. In February 1990, Drexel filed for bankruptcy; two months later Milken pled guilty to lesser charges, agreeing to pay a $600million fine and serve ten years in jail. She holds a BCom in Economics and Finance from McGill University and speaks English, Arabic and Armenian, and is proficient in French. Work with portfolio companies to advance EagleTrees ESG principles with the goal of improving long-term performance and minimizing adverse impacts in these areas. After about a year of fundraising, commitments from existing LPs reached $790m, surpassing the original $750m target. Contact Details Address:1301 Avenue of the Americas, 44th FloorNew York, NY 10019United States Phone/Fax:Phone: 212-702-600Fax: 212-702-635 Other Contact Details:Website: Terms & Conditions. Deal Analysis: Queens Gambit SPAC To Acquire SWVL Richard was also previously the Head of Private Equity - Americas for Siemens Financial Services, Inc. Richard has invested in and worked . This Policy is intended to provide a broad framework for EagleTrees overall approach to ESG. The firm was formed in January 2001, when the merchant banking group of Wasserstein Perella & Co., Inc., a global investment banking firm, spun out to become an independent firm upon the acquisition of the remainder of Wasserstein Perella by Dresdner Bank. GSO which Goodman jokingly refers to as the Warren Buffett of the dregs is at the center of a reshaped Wall Street, where newly chastened banks are retreating to traditional roles as advisers to corporations, underwriting bonds for only the most highly rated companies and riskless deals. At the same time that GSO is capitalizing on the void left by banks, it is also benefiting from historically low interest rates and unrelenting investor demand for credit investments. Mr. McLellan was hired by Mr. Bagaria and initially worked within AIC from 2004 2006 before moving into the Strategic Value Fund. This is bolstered by our expert shareholder base, which brings experienced strategic and operating partners to our transactions and best-in-class management teams. This means that every time you visit this website you will need to enable or disable cookies again. It wants to stay off the front pages of newspapers. Dealmaker Bruce Wasserstein, famously nicknamed "Bid 'em up Bruce," died at the age of 61 in 2009, leaving his heirs a fortune wrought from years of fierce deal making. Victoria Grace is a founding partner of Colle Capital Partners LP, an opportunistic, early stage technology venture fund. He is in charge of all of the Firms operations and leads the investment decision making process for all capital investments. In 1995, Moran moved up to chief operating officer of fixed income, and Goodman took over all of leveraged finance. 1 leveraged-finance player, lending to blemished companies that were in some of the fastest-growing sectors of the U.S. economy, including energy exploration and homebuilding. In Europe 70 to 75 percent of lending is done by banks. March 29-30, 2023 This Wasserstein & Co. works on 31 percentage points more the average amount of lead investments comparing to the other organizations. Wasserstein family - Forbes Mr. Montana joined Wasserstein Debt Opportunities Management, LP in 2014 as a Finance Associate. Our team consists of exceptional individuals who, through collaboration and sharing of diverse perspectives and experiences, formulate unique solutions to help our clients address complex strategic and financial challenges. He is fluent in Arabic, French and English and is based in Alta Sempers Cairo office. Wasserstein Home | LinkedIn 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. In early 1988, Goodman started building the capital markets business at DLJ under Moran and James. Bruce Wasserstein - Wikipedia His health-related management education works includes the design and delivery of the health care management MBA and executive programs at the Indian School of Business, as well as the health care management program at Strathmore University in Nairobi. Wasserstein & Co. - Crunchbase Investor Profile & Investments Former partner at Wall Street Technology Partners and former Director of Dresdner Kleinwort Wasserstein Private Equity Group. But the $1billion price tag the proceeds of which the partners rolled over into GSO funds and the potential to take advantage of what they thought would be a huge shift on Wall Street helped alleviate their concerns. At that time, Drexel had a lock on the business. Afsane Jetha co-founded Alta Semper Capital in 2015. Although they enjoyed being their own bosses, they missed the prestige, and the deals, that came with being part of a big organization. He spent five years there, toiling on ten to 12 deals a year all of them different in a culture that rewarded Street smarts and a maniacal work ethic. Private equity (PE) refers to a constellation of investment funds that invest in or acquire private companies that are not listed on a public stock exchange. By that July the three partners had launched GSO with 25 employees and one hedge fund. GSO had partnered with TPG to buy a $2billion portfolio of bridge loans from Citigroup. Click here to register, Not for publication, email or dissemination, When it comes to private wealth, PE is still an unknown name, PE outperformed in US state pension portfolios over past two decades report, Side Letter: LPs biggest concerns; growing family offices; Bains VC vindication, Indiana Public Retirement System commits $450m to PE. He has also studied Precision Medicine at Harvard Business School and Fintech at the Said School of the University of Oxford. Wasserstein purchased The American Lawyer, which he later sold, and New York magazine, which remains under his family's control. Mid-market firm Wasserstein & Co. has closed its latest flagship fund, Wasserstein Partners IV, on $790 million, according to a source familiar with the matter. RELATED STORIES Dresdner deal nearly done - Sept. 15, 2000 Prior to joining Sheffield, Mr. McLellan worked at Apollo Global Management, LLC (AGM) from 2004 2010. The New England Patriots plan to release 37-year-old quarterback Brian Hoyer at the beginning of the 2023 league year, as first reported by SiriusXM NFL's Adam Caplan. The top skills needed for this position are business management, market analysis, finance and accounting, problem-solving, data . In 2007, the peak for the firms performance fees, private equity contributed the bulk of the total. Afsane is tiedpe - Afsane Jetha @afsanejetha The Team. Leveraged loans offer a hedge against interest rates and can augment a largely xed-rate portfolio. Mr. Campbell is active in both geopolitical and philanthropic endeavors. degree in Business Administration from Western New England University with a concentration in finance. The former undrafted free agent's contract includes $1.4 million in remaining guaranteed salary. degree with a double major in Finance and Accounting from Lehigh University. He holds an AB from Princeton University. 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. Aligning our interests with our investors creates a long-term partnership forsuccess. 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. Wasserstein established his reputation for orchestrating complex mergers and acquisitions at First Boston Corp., and later Wasserstein Perella & Co., an investment bank sold to Dresdner Bank in 2000 for $1.4 billion. The private equity business of the investment firm was not included in the sale and was to be sold off to existing Wasserstein shareholders. In the late 1990s, Schwarzman, a client of DLJs, asked Goodman to start a credit business at Blackstone. Mr. Jones is currently Chairman of Wasserstein & Co. Among his extensive experience in advising local and international clients on cutting-edge M&A transactions, Ibrahim advised Alta Semper on its acquisition of Macro Group (Egypt) and ODM (Morocco). Process, was the least enthusiastic about the tie-up, concerned that they were trading away their autonomy. Alta Semper Capital LLP is authorised and regulated by the Financial Conduct Authority (FCA) under Firm Reference Number (FRN) 756838. Click here. New York, NY 10036, In 2015, EagleTree spun out of Wasserstein & Co, which was formed in January 2001, when the merchant banking group of Wasserstein Perella became an independent firm. PWP provides strategic, financial, and tactical advice in connection with executing complex mergers, acquisitions, company sales, and corporate divestitures, including carve-outs, joint ventures, and spin-offs, and relating to takeover preparedness and defense. When the high-yield market trades at highs, we put out less capital, says Ostrover. Prior to this endeavor, she built a rich resume in the financial services sector, specifically working with private equity investment. He began his career at The First Boston Corporation. We love your company., (Ostrover had his own hard-luck family bankruptcy story: His grandfather had to shutter Ostrovers Smoked Fish on New Yorks Lower East Side in the 1950s following a blackout; he couldnt pay his creditors because his customers fish had rotted.). The firms long-only strategies include a $24billion CLO business, making GSO the largest institutional investor in leveraged loans, as well as closed-end and other funds. Ibrahim holds a Bachelor of Laws and a masters degree from University of Paris I Panthon-Sorbonne, and a Bachelor of Laws from Cairo University. As a result of the cumulative research among the different Blackstone groups, private equity bought $220million of nonperforming residential loans, the real estate team purchased $1.4billion of single-family homes to lease, and GSO invested in Hovnanian. According to external marketing documents, its hedge fund has delivered a net annualized return of 13.6 percent since January 2010, compared with the HFRI Fund Weighted Composites return of 4.6 percent for the same period. Debt opportunities management delivered through partnership, visionand experience. FEATURED TITLE: Inside the Fund Management Firm, BEST-SELLER: The Definitive Guide to Carried Interest, PE outperformed in US state pension portfolios over past two decades, Side Letter: PEI Awards winners revealed; Chinas PE governance overhaul, PEI Awards 2022: Game Changer of the Year Mark Carney, Investor Relations, Marketing & Communications Forum. Lets face it, if a company can tap the public markets, they will, and theyll get a much better deal.. This Policy reflects our current approach to considering and addressing Environmental, Social and Governance (ESG) factors and which has been further developed and refined since we became a PRI signatory in 2019. The company offers its corporate, government, and institutional clients a variety of capital markets products and services, including short-term products and treasury, equity products, rates, credit products, foreign exchange debt origination, sales and marketing, research, risk . 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.While working at Sheffield from 2010 2016, Mr. McLellan led many of the largest positions analyzing long/short equity and credit investments. The firm was launched in May 2013 by Rajay Bagaria with backing from Wasserstein & Co. Wasserstein & Co. is a private investment firm and the family office of the late Mr. Bruce Wasserstein, with offices in New York and Los Angeles. She has worked for GI Partners, Merrill Lynch, Wasserstein Private Equity, and Permira in London. Greg began his career over 19 years ago and served as a Captain and Infantry Officer in the United States Marine Corps. 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. He now manages its hedge fund. Private Equity Firms in Southern California Company Website Address Primary Contact Angeleno Group www.angelenogroup.com 2029 Century Park East Suite 2980 Los Angeles, CA 90067 . The private equity business of the investment firm was not included . Previously, Mr. Montana worked at State Street Investment Management Services where he was responsible for fund administration in Global Emerging Markets. [9], Wasserstein Perella advised Axa Financial in the $11.5 billion sale of Donaldson Lufkin & Jenrette to Credit Suisse First Boston in 2000, Philip Morris in its $14.9 billion acquisition of Nabisco Holdings Corp. and Time Warner in its $128 billion merger with America Online. OC403953. Legacy ABOUT WASSERSTEIN. With $58billion in assets under management and 235 employees, GSO has grown fivefold under the Blackstone umbrella. Mr. Bagaria joined Apollo as a Principal in June 2004, two months after AIC held its initial public offering, and later was promoted to Partner. The firm seeks to create differentiated high yield exposure through primarily private equity backed, US non-large cap high yield issues, where WDO sees potential for price . Previously, Mr. Kelsey worked at Jefferies LLC in the Leveraged Credit Research group where he was responsible for covering the gaming and retail sectors. Offered through a separated managed account platform exclusively for family offices and institutional investors, Proven regulatory capital efficient solution for insurance companies, #1 performing leveraged loan strategy inception to date in the eVestment database (out of 60 funds). The high activity for fund was in 2002. If we were Schmeckle & Schmeckle or just stand-alone GSO, theres no way the board of Sony or some of these other companies would have gone along with some no-name firm, he explains. To be sure, Blackstone is not the only manager to have smelled opportunity in the financing void. Bruce Wasserstein Net Worth | Celebrity Net Worth Ryan Mollett, a 34-year-old managing partner who joined News group from BlackRock in 2011, wrote a paper late that year asserting that the housing market had bottomed. New York, NY 10036 and co-managed the . She co-founded Work It, Mom! At the same time, the platform gives it a lot of different eyes into potential investments. Prior to that time he was a Senior and Founding Member of the Merchant . The next year it acquired nine CLOs from Allied Capital Corp., and a year later it bought Harbourmaster Capital Management, a $10billion European leveraged-loan manager, and four CLOs from Allied Irish Bank. Wasserstein Home | 848 followers on LinkedIn. The fund's final close was first reported . Mr. Jones currently serves on the board of the health food company, Forager Project, Inc., as well as on the advisory boards of a number of investment firms. This content is from: Traders betting against the company lost money. At a bank youre working for anonymous shareholders, trying to make as much money as you can, he explains. While working at Sheffield from 2010 2016, Mr. McLellan led many of the largest positions analyzing long/short equity and credit investments. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. Victoria has worked with, and made investments in a broad range of companies, including enterprise software, wireless technologies, medical devices . Thoughtful Smart Home Products Wasserstein Home As applicable, EagleTrees Investment Committees in partnership with the ESG Sub-Committee will oversee and consider ESG issues, if any, that are material to a potential company investment. [4] Wasserstein stayed through the 2001 takeover by Dresdner Bank, but left the firm in 2002, following the 2001 merger of Dresdner and Allianz,[5] to head investment bank Lazard,[6] until his unexpected death in 2009. Tudor, Pickering, Holt & Co. Securities - Canada, ULC is a Member of the Canadian Investor Protection Fund and the New Self-Regulatory Organization of Canada. Tailor specific ESG inquiries and approaches based on various investment factors including the core industry sector of a particular investment. What the SPR Refill Means for Oil Futures, The Radical, Lucrative, and Controversial Company Hiding in Stephen Schwarzmans Pocket, Oats: From the Original Energy Contract to Trendy Dairy Alternative, Modern Slavery Act Transparency Statement. Prior to joining Wasserstein Debt Opportunities Management, LP he was Senior Product Manager at J.P. Morgan for three years in their Hedge Fund services business in the United States. 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. Mr. Montana earned a duel B.S. He began his career at The First Boston Corporation.He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. Wasserstein Perella & Co. Wiki - everipedia.org [2], Perella left the firm for Morgan Stanley in 1993. Meet Chicago's newest, most connected banker - Crain's Chicago Business The firm seeks to create differentiated high yield exposure through primarily private equity backed, US non-large cap high yield issues, where WDO sees potential for price inefficiency. Prior to joining Alta Semper, he was a Senior Associate at Matouk Bassiouny in Cairo, Egypt (a leading regional law firm). Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Premium. Its alternative credit growing up. Wasserstein & Co. Portfolio Investments, Wasserstein & Co. Funds Prior to joining Semper Capital, Greg served as Founding and Managing Member of CP Capital Partners, LP. Also, Mr. Jones served on the Board of Directors of Lazard and previously served on the Boards of Directors of Meyer Material, Odwalla, All-Clad, and IMAX, among other Wasserstein companies. from the University of California at Berkeley. And, yes, we've come a long way, baby! On top were three white-shoe firms: First Boston Corp., Goldman Sachs and Morgan Stanley. Wasserstein Debt Opportunities specializes in US high yield investing, seeking to capitalize on price inefficiencies in non-large cap issues and underfollowed opportunities through a value-based and process-driven approach. She holds her MBA from Harvard Business School and a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania. When Bruce Wasserstein and Joe Perella Ruled the World - WSJ Before that she was a Director of Dresdner Kleinwort Wasserstein Private Equity Group. Also, Mr. Jones served on the Board of Directors of Lazard and previously served on the Boards of Directors of Meyer Material, Odwalla, All-Clad, and IMAX, among other Wasserstein companies. In the U.S. banks provide about 30 percent of lending, with capital markets and investors providing the remainder. The fund, which launched in August 2015 with a $750 million target and no hard-cap, is the largest fund to date for the firm. Ostrover, who has a BA in economics from the University of Pennsylvania and an MBA from New York Universitys Leonard N. Stern School of Business, was ranked the No. Previously, Mr. Montana worked at State Street Investment Management Services where he was responsible for fund administration in Global Emerging Markets. An Heir Who's Ready to Take the Reins at New York Magazine Previously, Mr. Jones was Head of West Coast Investment Banking at Wasserstein Perella and, prior to that, was Managing Director at Salomon Brothers from 1988 through 1994. Engage with outside advisors, as necessary, to analyze and address ESG issues, risks and opportunities that arise. Ostrover, now 50, who helped build the leveraged-finance business at investment bank Donaldson, Lufkin & Jenrette during the 1990s, explained his idea for solving Hovnanians liquidity problems. Salesforce beat earnings-per-share estimates after the closing bell on March 1, 2023. In August the group put up $1billion in equity to buy a portfolio of busted bridge loans from Deutsche Bank, with the German bank providing 3-to-1 leverage. Jason New, a onetime bankruptcy lawyer who had been with DLJ since 1999 and worked on some of the most complex distressed deals, such as financing Level 3 Communications and Qwest Communications, joined GSO at the start. Private Equity. Wasserstein Death Payout: $188 Million - WSJ You can find out more about which cookies we are using or switch them off in settings. The breadth and scale of its funds allow it to offer a range of solutions to companies, including rescue financing and senior secured bank loans. EagleTrees ESG initiatives will be overseen by its ESG Committee, which includes EagleTrees two Co-Managing Partners and other members of senior management. He holds graduate and undergraduate degrees in life sciences and humanities from Villanova University, studied medicine and epidemiology at the Hahnemann Medical College, and has an MBA from the Wharton School of the University of Pennsylvania and a Doctorate in Business Administration from the Fox School of Business at Temple University. The firm was formed in January 2001, when the merchant banking group of Wasserstein Perella & Co., Inc., a global investment banking firm, spun out to become an independent firm upon the acquisition of Wasserstein Perella by Its amorphous, and you dont know the people. 39th Floor The firm has financed well-known names like Chesapeake Energy Corp., struggling with weak natural-gas prices and controversy around its ex-CEO and needing capital to develop lucrative energy projects, and Sony Corp. while also providing $650million of capital to smaller homebuilding companies like the U.K.s Miller Group and $888million to companies in Europe last year, including Canberra Industries, Welcome Break and EMI Music Publishing.