A patron of the arts and a noted collector, Mr. Lauder was Chairman of the Museum of Modern Art from 1995 to 2005 and now serves as the museums Honorary Chairman. degree in Finance and Economics from the City University of New York with a concentration in Investment Analysis. [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. 2016 Its investments included City Ventures, a private homebuilder in Orange County, California, now planning to go public; EMI Music Publishing; Energy Alloys, a global provider of oil field metals; Spains Giant Cement Holding; and the U.K.s Miller Group. PE firms charge a management fee of typically 2% of AMU and a performance fee of 20% of the profits. Kenyas sole electricity distributor cited a system disturbance as a possible cause for the blackout. The group invented concepts such as payment-in-kind toggle bonds, with which an issuer can defer interest payments in return for a larger coupon in the future, and IPO carve-outs, whereby the parent company sells stock of a subsidiary to the public. 2007: Bruce Wasserstein, American Investment Banker, Businessman, and Prior to that, he worked for 14 years in Senior Hedge Fund operations positions for top tier firms, including IFS State Street and HSBC. Mr. Parsons is also a member of the boards of The Estee Lauder Companies Inc., Lazard Freres and Company, and Madison Square Garden, Inc. Greg Parsons is the CEO of Semper Capital Management, and has been part of Semper Capital since 2008. This ESG Policy (the Policy) amends, restates and supersedes EagleTrees ESG Policy that was first formally adopted in 2017. My Top SPAC Play for 2021 - Data Intelligence. Leveraged loans offer a hedge against interest rates and can augment a largely xed-rate portfolio. Dresdner buys Wasserstein in $1.4 billion deal - Sep. 18, 2000 Private equity is capital that is not noted on a public exchange. While non-investment-grade companies need capital, investors need yield, and alternative credit strategies like those offered by GSO provide a much-needed boost to returns for bond portfolios. Previously, Mr. Montana worked at State Street Investment Management Services where he was responsible for fund administration in Global Emerging Markets. But, as Smith says, its also a great place to lose money. Debt opportunities management delivered through partnership, visionand experience. The firm, which has a competitive advantage by doing most of its own loan originations and investing in companies that are No. 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. Investments can also be shared. Banks may no longer have the balance sheets, but big institutional investors like sovereign wealth funds, endowments and pension funds do. Mr. Wasserstein died in 2009. After about a year of fundraising, commitments from existing LPs reached $790m, surpassing the original $750m target. He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. 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. Victoria has worked with, and made investments in a broad range of companies, including enterprise software, wireless technologies, medical devices . Afsane Jetha started her career in finance at Merrill Lynch and Wasserstein Private Equity before gaining additional experience at Permira in London as part of the consumer team. Chief Financial Officer - Appointed CFO of Gabelli Group in 2001, re-joined as CFO in 2014 (after serving company as independent director / advisor from 2008). Ahmed joined Alta Semper in 2018 as a Director. Founded in 2001, MVision Private Equity Advisers is widely recognized as one of the world's leading independent international alternative assets advisory firms, raising capital for Private Equity, Real Estate, Real Assets, Credit and Direct transactions in both the developed and emerging markets. 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. 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. 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. PDF Private Equity Firms in Southern California - Los Angeles County The ESG Sub-Committee generally will meet on at least a weekly basis and its responsibilities will include: (i) engaging with EagleTrees deal teams on pre-acquisition ESG due diligence matters; (ii) engaging with EagleTrees third-party ESG specialists to conduct annual portfolio company-level ESG reviews; (iii) responding to investor and other stakeholder ESG requests; (iv) conducting annual employee training; and (v) reviewing and updating this Policy and EagleTrees ESG program, as necessary, from time to time. Do you thrive in a challenging environment that combines intensity with collaboration? Manage and implement various projects in the fields of corporate finance, mergers & acquisitions, project finance, capital markets, private equity and asset management. a private-equity-owned . Key Takeaways. 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. GSO is actively managing the leveraged-loan ETF, the first of its kind. Now the emergence of alternative credit mirrors tools that equity investors have had with private equity, says TPGs Coulter. Alice Katwan on Linkedin. Private equity (PE) refers to capital investment made into companies that are not publicly traded. Vince Capurso - General Tax Counsel / Board Director / Advisor A -. 1185 Avenue of the Americas GSO had partnered with TPG to buy a $2billion portfolio of bridge loans from Citigroup. Previously she was a partner at Wall Street Technology Partners LP, a $125mm mid stage technology fund. 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. 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). Marina is based in Alta Sempers Cairo office. In the U.S. banks provide about 30 percent of lending, with capital markets and investors providing the remainder. 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. We conduct our buyout investment activities through the Wasserstein Partners family of funds. In 2006, four years after Wasserstein's departure, it dropped Wasserstein's name. Consider whether a potential portfolio companys business aligns with EagleTrees core values. 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. In 2008, Blackstone, looking to diversify, paid $1billion to acquire GSO, which then had a $3.2billion credit hedge fund, $500million in mezzanine investments and a $4.8billion collateralized loan obligation business. It was DLJs limited balance sheet that taught Goodman, Ostrover and Smith how careful they had to be with their credit analysis and due diligence. She has worked for GI Partners, Merrill Lynch, Wasserstein Private Equity, and Permira in London. PWP provides advice to management teams and Boards of Directors on critical matters that require shareholder interaction and support, including shareholder votes on transactions and annual proxy matters, as well as shareholder activism preparation and managing a company campaign in response to an attempt by an activist to gain board control or influence. Private Equity. Wasserstein Debt Opportunities Management, LP ("WDO") is a New York-based SEC-registered investment advisor focused predominately on leveraged loans and high yield bonds.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. Mr. Parsons was named Americas Best CEO in the entertainment industry by Institutional Investor in 2005. About - Swiftmile Premium. In 2004, he added New York Magazine to his media empire. She co-founded Work It, Mom! We want to buy you.. Prior to joining Semper Capital, Greg served as Founding and Managing Member of CP Capital Partners, LP. GSO represents 26.6 percent of the firms $218billion in assets, on par with its $59billion real estate business and larger than both its private equity ($52billion) and Blackstone Alternative Asset Management hedge fund ($48billion) businesses. His ability to skillfully negotiate complex, high-stakes situations led to his appointment as head of investment banking at First Boston Corporation. Wasserstein Debt Opportunities - PitchBook Data 1Ls are permitted to meet with Wasserstein Fellows even before the October 15th career advising start date. So the firm created the bridge loan, not promising capital but intended to tide the company over until it could obtain permanent financing. 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 controversial Wasserstein was married four times and had six children with three different women, one out of wedlock, leading to an inheritance dispute between his heirs. Overview of Wasserstein US Equity Partners IV Wasserstein US Equity Partners IV is a closed private equity fund managed by EagleTree Capital . Engage with outside advisors, as necessary, to analyze and address ESG issues, risks and opportunities that arise. By Stephen Grocer. Mr. Lauder also created Central European Media Enterprises, Ltd (NASDAQ: CETV), a leading commercial television company that reaches 95 million people in seven countries throughout Central and Eastern Europe. Goodman is the storyteller of the group, Ostrover is Mr. Markets, and Smith wants to stay out of the limelight and just do deals. Track ESG-related metrics across our portfolio companies and engage and collaborate with portfolio companies to consider recommendations from these findings. WHEN ASKED ABOUT HIS DECISION to switch from the sell side to the buy side, Goodman says his only regret is that he didnt make the move ten years earlier. In 2008, Mr. Parsons served as a member of then-President-Elect Barack Obamas Economic Transition Team. As 2008 wore on and the credit crisis gathered steam, GSO started putting money to work. Prior to that, he held various positions in state and federal government, as counsel for Nelson Rockefeller and as a senior White House aide under President Gerald Ford. 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.. Balkan Advisory Company, Sofia, Bulgaria. Mr. Campbell is active in both geopolitical and philanthropic endeavors. She co-founded Work It, Mom! Prior to that time he was a Senior and Founding Member of the Merchant . Credit jumped off the page.. Orkila Capital was formed in 2013 to pursue proprietary and compelling growth equity investment opportunities in the media, entertainment and consumer sectors. GSOs flagship hedge fund takes an activist or event-driven approach to credit. Its not the Wild West, not the personality-driven days of 20 years ago. Dresdner Kleinwort Wasserstein (DrKW) operates as the investment banking arm of Germany's Dresdner Bank AG. Mr. OKeefe earned a B.S. GSOs returns have been top quartile. EagleTree seeks to improve diversity and inclusion within the Firm, across its portfolio company investments and in the private equity industry, where possible. The EagleTree Capital team is currently investing its fifth private equity fund, EagleTree Partners V, with over $1.1 billion of committed capital. Mr. McLellan was hired by Mr. Bagaria and initially worked within AIC from 2004 2006 before moving into the Strategic Value Fund. Sustainable Business. During his time at the IFC, he advised on the first PPP in the West Bank. Previously, Mr. OKeefe worked at S&P Capital IQ Leveraged Commentary & Data Group where he was responsible for research on leveraged loans and high yield bonds. Alta Semper Capital LLP is a limited liability partnership registered in England and Wales under no. A link has been emailed to you - check your inbox. GSO represented 38.9 percent of Blackstones $629million of realized performance fees earned in 2012 and 16 percent of the firms $2billion in economic net income last year.