Mr. Lauder was appointed Ambassador to Austria by President Ronald Reagan after serving several years as Deputy Assistant Secretary of Defence for European and NATO policy. On day one Credit Suisse gave the firm more than $500million to manage a big part of the approximately $3billion it had raised from outside investors, including the Bass brothers, Blackstone, Cornell University, K2 Advisors, MetLife, Notre Dame and Quellos Group (now owned by BlackRock). The new power brokers in the financial industry are money managers and investors like GSO, which control real assets. Afsane Jetha is the Co-Founder, Managing Partner & CEO of Alta Semper Capital, a private equity manager founded in 2015 alongside Ronald Lauder (Chairman of Clinique LLC) and Richard Parsons (former CEO of Time Warner). The big Swiss bank wanted Goodmans leveraged-finance business as well as DLJs merchant banking and real estate groups. Well before the downgrade of the U.S.s credit rating in August 2011, GSO was busy preparing for the possibility that markets would freeze up if the rating agencies made good on their threats. Bruce Wasserstein (1947 - 2009) - Genealogy - geni family tree We are using cookies to give you the best experience on our website. Mr. Dutton has been working in the Hedge Fund Industry since 1997 and joined Wasserstein Debt Opportunities Management, LP in June 2013. 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 stand on this very busy street corner and see all this activity, says customized credit strategies partner Daniel Smith. There is a wealth transfer going on from banks shareholders to the investors in our funds, says Goodman. Wasserstein controlled Wasserstein & Co., a private equity firm with investments in a number of industries, particularly media. High cash-on-cash returns with capital appreciation potential. Wasserstein & Co. to Buy Back American Lawyer - DealBook Todays Wordle #624 Hint, Clues And Answer For Sunday, March 5th, UFC 285 Results: Cody Garbrandt Defeats Trevin Jones In Return To The Octagon, The Early Returns Of Kevin Durant In The Phoenix Suns Offense, Desperate Russian Forces Are Sticking 80-Year-Old Naval Guns On 70-Year-Old Armored Tractors, Saturday, March 4. He focused on Consumer Products and broader Sub-Saharan Africa. You should only be asked to sign in once. While at Duet, Afsane led the largest private equity transaction into Ethiopia, Dashen Brewery, as well as, sourced and executed on several consumer-facing transactions in Ghana, Uganda and Cote DIvoire. Blackstone allowed us to take our business from being three years old to ten overnight, Ostrover says. 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". The then-54-year-old CEO figured he had little to lose by listening to Ostrovers pitch. Leveraged loans offer a hedge against interest rates and can augment a largely xed-rate portfolio. He was CEO since the firms formation in 2001 through 2012. Work with portfolio companies to integrate sustainability considerations into their business plans, as applicable. His research and publications focus on international development with a special focus on capacity building in health care and biopharmaceutical production in emerging economies. 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. Blackstone Group's GSO Capital: Lenders of Last Resort Goodman states the obvious: No company does business with us because were such nice guys, though we like to think we are. 1 underwriter for high-yield bonds, a distinction it would keep for 12 years. Oct. 15, 2009 12:58 pm ET. No one has represented Blackstones opulence more than its billionaire co-founder Schwarzman, who in 2000 reportedly paid $37million for a 34-room triplex on Park Avenue and has owned vacation properties in the Hamptons; Jamaica; Palm Beach, Florida; and Saint-Tropez. In recent years, the firm has invested in pharmaceutical manufacturing, retail pharmacy, cancer care and diagnostics platforms in Egypt, Nigeria and Morocco. The Team. She is a graduate of the University of Pennsylvania's Wharton School where she earned her BS in Economics. Thomas J. Campbell - DC Capital Partners Afsane is tiedpe - Afsane Jetha @afsanejetha At Apollo, Mr. Bagaria invested in several asset classes including senior debt, high yield bonds, mezzanine finance and equity. Working directly with CEO, funds . 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 . During the road show, Blackstone disclosed its numbers, showing heft in private equity, real estate and funds of hedge funds, but credit was an afterthought, amounting to only about $5billion in assets. The future looks bright for credit investing. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. The honeymoon was over quickly, though. We target investments of between $30 million and $150 million. 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. He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. She has strong personal and professional ties to East Africa being a fourth generation Tanzanian. As it turned out, GSO had done thorough credit analysis and structured the debt appropriately, and it made 1.5 times its investment in two years, with every company paying off its debts. Zachary has an MBA from The Wharton School at the University of Pennsylvania and a BA in Economics from Cornell University. He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. Terms of the transaction were not disclosed. Wasserstein & Co. is an independent private equity and investment firm, with offices in New York and Los Angeles. A Fundamentally Different Kind Of SPAC - Betsy S. Atkins In the 1990s, GSOs three founders, then working for Hamilton (Tony) James at DLJ, took up where Drexel left off, building that firm into the No. At present, he is a Senior Advisor at Providence Equity Partners, Inc., a leading private equity investment firm specialising in media, communications and information companies and is the Chairman of Governor Andrew Cuomos New NY Education Reform Commission. Mr. Bagaria is a co-founder and serves on the Board of Directors of The Manitou School, a private elementary school located in Cold Spring, New York. 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. Tailor specific ESG inquiries and approaches based on various investment factors including the core industry sector of a particular investment. After earning his MBA in 1984, the Miami-born Goodman took a full-time job with Drexel in New York. At the same time, Blackstone had relationships with almost every major institutional investor in the world, a group that had, on average, $200million in assets invested with the firm. Zachary joined Alta Semper in 2016 and brings more than nine years of advisory and investing experience to the firm. But Goodman shunted humility aside at least temporarily during his lunch with Moran. Having a better understanding of credit markets, having a better idea of how we could finance a creative idea, would make us better in private equity, says James. (Though the hedge fund was launched in 2005, GSO has since stripped out mezzanine and other investments into separate funds.) About Wasserstein Partners IV Wasserstein Partners IV is a mid-market buyout fund managed by WP Capital Management, the private equity investment company formerly associated with Wasserstein Perella Group and Wasserstein & Co. Wasserstein Debt Opportunities - PitchBook Data Prior to joining Alta Semper, he was a Senior Associate at Matouk Bassiouny in Cairo, Egypt (a leading regional law firm). Prior to joining Sheffield, Mr. McLellan worked at Apollo Global Management, LLC (AGM) from 2004 2010. Journal Report. Work with portfolio companies to advance EagleTrees ESG principles with the goal of improving long-term performance and minimizing adverse impacts in these areas. Many investors are quite cautious when evaluating entertainment deals especially institutions, says Rob Wiesenthal, then Sonys CFO and now chief operating officer of Warner Music Group. Engage with outside advisors, as necessary, to analyze and address ESG issues, risks and opportunities that arise. Our investment activities are focused on middle-market leveraged buyout investments and related investment activities. Previously, Mr. Kelsey worked at Jefferies LLC in the Leveraged Credit Research group where he was responsible for covering the gaming and retail sectors. Ahmed speaks English and Arabic and is based between Cairo and London. It was the first of many overtures Blackstones executives would make to him. 1999 Avenue of the Stars Suite 2840 Los Angeles, CA 90067United States, 1301 Avenue of the Americas 41st FloorNew York, NYUnited States. In contrast, GSO will take a minority stake, a seat on the board and a debtlike investment that pays a big double-digit coupon, but it will let management retain control. DLJ used its market position to keep reinvesting in the firm, building a leveraged-loan capability and creating a derivatives business and large distressed unit. Mr. Campbell is active in both geopolitical and philanthropic endeavors. But its the as-yet-unfinalized Volcker rule that does the most damage to banks freedom, preventing them from engaging in proprietary trading or lending their own capital in speculative deals like the one to rescue Hovnanian. Greg is responsible for oversight and portfolio management at PIC. Prior to joining Alta Semper, Zachary was a Senior Associate at Emerging Capital Partners where he covered infrastructure and consumer / retail investments in Kenya. Richard was also previously the Head of Private Equity - Americas for Siemens Financial Services, Inc. Richard has invested in and worked . Though DLJ investment banking staffers left in droves after the deal including James, though he stayed two years as part of the merger agreement Goodman, Smith and Ostrover flourished. 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. Under Blackstone, GSO has the heft to write big enough checks to fully finance a solution, reducing a companys need to find additional capital elsewhere. 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. 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. Overview of Wasserstein US Equity Partners IV Wasserstein US Equity Partners IV is a closed private equity fund managed by EagleTree Capital . Alta Semper today manages funds on behalf of its founding shareholders as well as various US and European institutions, and is the most active investor in the healthcare space in Africa over the last two years. Aligning our interests with our investors creates a long-term partnership forsuccess. The ESG Committee will meet at least quarterly. Portfolio, This content is from: But its deals remained small, providing funding for companies like Pacific Lumber and Caff Nero, a U.K. coffeehouse chain. PETER A. WEINBERG Houston-based Scott oversees GSOs energy group. Competition from increasingly bigger banks was fierce. Wasserstein purchased The American Lawyer, which he later sold, and New York magazine, which remains under his family's control. Predecessor funds, U.S. Equity Partners I and II, were raised in 1997 and 2002 and invested approximately $750 million of committed equity capital.
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