wasserstein private equity

GSO is actively managing the leveraged-loan ETF, the first of its kind. 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. GSO and Blackstone actively share information. Prior to joining Sheffield, Mr. McLellan worked at Apollo Global Management, LLC (AGM) from 2004 2010. 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. Wasserstein & Co. manages capital on behalf of institutional and individual investors. He was CEO since the firms formation in 2001 through 2012. But, as Smith says, its also a great place to lose money. In early 1988, Goodman started building the capital markets business at DLJ under Moran and James. (212) 702-5602 From 2002 2004, Mr. McLellan worked as an analyst for Deutsche Bank focusing on Mergers & Acquisitions and Media Investment Banking. On top were three white-shoe firms: First Boston Corp., Goldman Sachs and Morgan Stanley. My Top SPAC Play for 2021 - Data Intelligence. All Rights Reserved. Tailor specific ESG inquiries and approaches based on various investment factors including the core industry sector of a particular investment. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions. Private Equity Explained With Examples and Ways to Invest - Investopedia 100%. Premium. In 2007, Merrill Lynch & Co. took a minority stake in GSO and the firm had its first closing for a new mezzanine fund. Approach prospective clients and partners; make presentations. He focused on Consumer Products and broader Sub-Saharan Africa. She co-founded Work It, Mom! Wasserstein & Co. Portfolio Investments, Wasserstein & Co. Funds Predecessor funds, U.S. Equity Partners I and II, were raised in 1997 and 2002 and invested approximately $750 million of committed equity capital. In one of the largest B2B media transactions this year, Northstar Travel Group, which provides a broad array of products in the retail and corporate events markets, was sold from one private-equity firmthe Wicks Groupto another, Wasserstein Partners, Northstar CEO Thomas Kemp said today. GSO is hoping to be a big part of the transformation. About Wasserstein family. Aligning our interests with our investors creates a long-term partnership forsuccess. Bruce Wasserstein (1947 - 2009) - Genealogy - geni family tree 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. Senior Vice President of North America Sales at Twilio. [2] One First Boston analyst, Paul Mecurio, left corporate life to become a comedian. Journal Report. Hovnanian was the largest position in GSOs flagship hedge fund in 2012, and the firm made 50 percent on its capital in six months. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). He currently serves on the Board of Governors of the Middle East Institute and is a former Vice Chairman of the organization. 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. Afsane Jetha co-founded Alta Semper Capital in 2015. Incorporate detailed ESG considerations into our pre-investment decision-making process in order to better assess ESG risks and opportunities and to provide us with an initial overview of a potential portfolio companys ESG profile. In addition to strengthening their firms credit business, Schwarzman and James saw benefits for its private equity operation. The top skills needed for this position are business management, market analysis, finance and accounting, problem-solving, data . The defanged banks are receding into the background and making peace with new regulations designed to emasculate their balance sheets. On the strength of that bridge loan business, we built ourselves up into the leading firm, says James. Goodman and Ostrover joke that Smith was responsible for DLJs success. At Goldman, Mr. Bagaria worked primarily as an investor of GS Mezzanine, the largest mezzanine fund globally. Credit jumped off the page.. The high-yield and leveraged-loan markets never developed there like they did in the U.S. EagleTree believes its collaborativeapproach toinvesting createsvalue across a defined set of initiatives developed in partnership with portfolio company management. After about a year of fundraising, commitments from existing LPs reached $790m, surpassing the original $750m target. 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. Work with portfolio companies to address ever-changing cyber-security considerations. While at AGM, Mr. McLellan analyzed event-driven long/short equity and credit, distressed-for-control, private leveraged buyouts and private minority investments in a variety of sectors. Credit investors, on the other hand, are pessimists, aware that the upside of their investments is limited, evaluating everything that can go wrong in an effort to protect their principal. Mr. Kelsey earned a B.S. At Apollo, Mr. Bagaria invested in several asset classes including senior debt, high yield bonds, mezzanine finance and equity. Tudor, Pickering, Holt & Co. Securities - Canada, ULC is a Member of the Canadian Investor Protection Fund and the New Self-Regulatory Organization of Canada. Alta Semper Capital LLP is authorised and regulated by the Financial Conduct Authority (FCA) under Firm Reference Number (FRN) 756838. document.write(new Date().getFullYear()); GSO, which is owned by private equity giant Blackstone Group, had spent six months digging into the finances of Hovnanian and had been buying up its equity, secured debt and unsecured debt since March. The higher amount of exits for fund were in 2011. As one of the largest creditors of MBIA and holders of its equity, GSO had a big win last month when the Armonk, New Yorkbased provider of municipal bond insurance finally settled a dispute with Bank of America Corp. after years of wrangling over troubled mortgage-backed securities. There Milken was leading whats now called the democratization of capital-raising, providing funding to small and medium-size companies that were starved for financing and whetting the appetites of investors for distressed and troubled companies that showed promise despite short-term woes. 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. Bruce Jay Wasserstein (December 25, 1947 - October 14, 2009) was an American investment banker, businessman, and writer. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. GSOs returns have been top quartile. 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 Dresdner Bank. To be sure, Blackstone is not the only manager to have smelled opportunity in the financing void. Credit geeks Goodman, Ostrover and Smith nonetheless went to Blackstones extravagant road show at New Yorks Pierre hotel in the spring of 2007, the first time that granular detail about the private equity firm was available to the public. GSO and Blackstone announced the deal in January 2008. Lets face it, if a company can tap the public markets, they will, and theyll get a much better deal.. The company initially approached Blackstones private equity group for a $500million infusion of equity, but it wanted a controlling stake and Sony wasnt about to do that. What the three founders have built at GSO, they originally planned for CSFB. Prior to joining Alta Semper, Ahmed was a Director at CI Capital Investment Banking, a leading Cairo-based investment bank, where he sourced, led and executed several capital markets and M&A transactions. 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. He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. In recent years, the firm has invested in pharmaceutical manufacturing, retail pharmacy, cancer care and diagnostics platforms in Egypt, Nigeria and Morocco. He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. The GSO team has been through the ups and downs of numerous credit cycles, and theyre always worried and trying to protect the downside, says Timothy Walsh, chief investment officer of the $74billion New Jersey Pension Fund, which has committed to $1.1billion in investments in five GSO funds. He began his business career in 1980 as a staff accountant at Coopers and Lybrand where he advanced to the position of tax manager, CPA, before his departure. He is fluent in Arabic, French and English and is based in Alta Sempers Cairo office. 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. Afsane Jetha on Behance 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. Afsane Jetha (@afsanejetha) | Stocktwits 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. How Bruce Wasserstein Became The "Buyout Guru" - Finance Friday The year he joined, the firm became the No. If Drexel came up with the junk bond and DLJ created the institutional leveraged-finance market, GSO is again reinventing the concept of providing capital to non-investment-grade companies this time as an asset manager. At its peak, GSO had $475million in hedge fund exposure to homebuilders and related industries and put out $600 million in financing across private market vehicles. 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. Houston-based Scott oversees GSOs energy group. His company had been bleeding money for six years and had used up every penny of its capacity to issue secured debt. Copyright 2023. Wasserstein Debt Opportunities Management, LP (WDO) is a New York-based SEC-registered investment advisor focused predominately on leveraged loans and high yield bonds. Mr. Bagaria was a board director of LVI Services, Inc., Generation Brands and Playpower, Inc. During the most recent recession, Mr. Bagaria was a manager of a multi-billion dollar senior loan vehicle. We are using cookies to give you the best experience on our website. Jones received his MBA from the Yale School of Management and his B.S.