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. Working directly with CEO, funds . Richard was also previously the Head of Private Equity - Americas for Siemens Financial Services, Inc. Richard has invested in and worked . GSO is actively managing the leveraged-loan ETF, the first of its kind. "It's all family, every aspect of this place," Mr. Moss, who has edited New York since 2004, said in an interview last week at . Perella Weinberg Partners Work with portfolio companies to address ever-changing cyber-security considerations. 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. In the late 1990s, Schwarzman, a client of DLJs, asked Goodman to start a credit business at Blackstone. Legacy ABOUT WASSERSTEIN. During his time at the IFC, he advised on the first PPP in the West Bank. [1], In a 2007 New York Times article, Perella was described as "one of the financial industrys sharpest recruiters" who "discovered and helped train" Wasserstein Perella. 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. You should only be asked to sign in once. Alta Semper Capital Exits Egypts Macro Group Pharmaceuticals with the Successful Conclusion of its IPO, Alta Semper considers healthcare investment opportunities in Egypt, The Head of the Egyptian Macro Group told Al-Sharq: We are studying the acquisition of a local company in 2022. Its amorphous, and you dont know the people. Key Takeaways. 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. Prior to joining Alta Semper, he was a Senior Associate at Matouk Bassiouny in Cairo, Egypt (a leading regional law firm). Overview of Wasserstein US Equity Partners IV Wasserstein US Equity Partners IV is a closed private equity fund managed by EagleTree Capital . He serves on the Board of Directors of USO Metro and the Board of Trustees of the Pomfret School. Process, was the least enthusiastic about the tie-up, concerned that they were trading away their autonomy. 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. Previously, he was the Managing Partner of the New York law firm Patterson, Belknap, Webb and Tyler. 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. Premium. 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. Prior to founding Colle Capital, Ms. Grace was a partner at Wall Street Technology Partners LP, a mid-stage technology fund, from November 2000 to February 2014, and a director of Dresdner Kleinwort Wasserstein Private Equity Group from November 2000 to October 2004. He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. He is credited with the term, Pac-Man defense, which is used by . At that time, Drexel had a lock on the business. Bruce Wasserstein Net Worth | Celebrity Net Worth Though hurt by the financial crisis, Blackstone and GSO have emerged as dominant players in its aftermath. Prior to the IFC Ahmed developed his investment banking and corporate finance experience as a senior associate with Beltone Investment Banking, Ernst & Young and the Arab African International Bank. Alta Semper Capital LLP is authorised and regulated by the Financial Conduct Authority (FCA) under Firm Reference Number (FRN) 756838. EagleTree continues to maintain policies and procedures that prohibit bribery and other illegal payments to public officials consistent with U.S. federal and state laws, and in an effort to protect our systems, networks, programs, devices and data from cyber-attacks, has implemented a robust cyber-security framework. Richard Parsons is the Former Chairman of the Board of Citigroup Inc., and former Chairman of the Board, and CEO of Time Warner. Mr. McLellan began his career in direct investing in 2004. The firm had purchased a small CLO group, run by Daniel Smith, from Royal Bank of Canada. 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. Mr. Dutton has been working in the Hedge Fund Industry since 1997 and joined Wasserstein Debt Opportunities Management, LP in June 2013. 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: When the high-yield market trades at highs, we put out less capital, says Ostrover. Engage with outside advisors, as necessary, to analyze and address ESG issues, risks and opportunities that arise. From 2002 2004, Mr. McLellan worked as an analyst for Deutsche Bank focusing on Mergers & Acquisitions and Media Investment Banking. This Policy does, however, retain the same fundamental principles and our commitment to integrate ESG considerations into our investment management business and portfolio company ownership practices. Sustainable Business. What was a wide-open white space for us? The up-gunned, tracked MT-LBs are further evidence of the Kremlins worsening equipment crisis as it struggles to make good its losses in Ukraine. Prior to joining Sheffield, Mr. McLellan worked at Apollo Global Management, LLC (AGM) from 2004 2010. 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. 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. Zachary joined Alta Semper in 2016 and brings more than nine years of advisory and investing experience to the firm. Wasserstein & Co. manages capital on behalf of institutional and individual investors. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. Goodman states the obvious: No company does business with us because were such nice guys, though we like to think we are. A Fundamentally Different Kind of SPAC - Data Intelligence. Prior to Cordiant, she gained advisory experience as a Summer Analyst with the Investment Banking and Equity Capital Markets teams at Scotiabank in Toronto. We are using cookies to give you the best experience on our website. and co-managed the company for five years until its merger. Before joining Time Warner, in 1995, Mr. Parsons was Chairman and CEO of Dime Bancorp, Inc., one of the largest thrift institutions in the United States. Remnants of the financial crisis continue to cast a shadow on markets, especially in Europe. Mr. Bagaria is the Advisors President and Chief Investment Officer. We partner with entrepreneurs with the goal of building great brands. and co-managed the company for five years until its merger. GSO also bought the debt of Clear Channel Communications, a private-equity-owned media company, and led a $1.25billion preferred stock deal for Chesapeake Energy so that company could develop natural-gas production from shale in eastern Ohio. 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. After James joined Blackstone, Goodman took over CSFBs alternative capital division. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. He is fluent in Arabic, French and English and is based in Alta Sempers Cairo office. Mr. Lauder is currently the Chairman of Clinique Laboratories, a division of The Este Lauder Companies. But the GSO team immediately understood the annuity-like cash flow streams of music publishing and how much less volatile it is than recorded music and less subject to the decline of physical recorded media., Wiesenthal adds that GSO was flexible enough to let billionaire David Geffen, also an investor, participate in the transaction late in the game. The Hovnanian deal was originated through the hedge fund but later expanded to include the rescue financing fund. Alta Semper Capital LLP is a limited liability partnership registered in England and Wales under no. 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. He recently served on the Boards of Directors of Harry & David, Encompass Digital Media, and Access Scientific. The following March, Milken was indicted for racketeering and securities fraud. The Team | Alta Semper | Private Equity Firm Chief Financial Officer and Chief Compliance Officer. In developing this Policy, we have considered a range of guidance, including the Principles for Responsible Investment, the American Investment Counsel Guidelines for Responsible Investment and the Sustainable Development Goals. Ibrahim joined Alta Semper in 2021 as a General Counsel. For its drawdown funds alone, it committed $3billion to 26 companies. Alice Katwan. Wasserstein Debt Opportunities All Rights Reserved. The deal wouldnt have happened without Goodman, Smith and Ostrovers former boss, Tony James, who had joined Blackstone as president in 2002 after Credit Suisse bought DLJ and who manages the firms day-to-day operations. SUMMER analyst pay at smaller banks | Wall Street Oasis Marina is based in Alta Sempers Cairo office. Part of GSOs success comes from leaving some money on the table. 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. EagleTree intends to engage with clients and stakeholders, from time to time, in dialogue regarding how we can manage ESG issues in a way that is consistent with their initiatives. In contrast to the few traditional deals a year that a junior banker at Goldman might work on, Goodman cut his teeth on such unusual transactions as KKRs investment in Union Texas Petroleum Holdings in 1985 and Maxams 1986 takeover of Pacific Lumber Co. For the latter he and Joshua Friedman, then head of the capital markets group at Drexel, came up with a term sheet for a zero-coupon increasing-rate note whose complexity and model they still laugh about. A Fundamentally Different Kind of SPAC | Nasdaq Perella Weinberg Partners LP and Tudor, Pickering, Holt & Co. Securities, LLC are members of FINRA and SIPC.Perella Weinberg UK Limited is authorized and regulated by the Financial Conduct Authority.Perella Weinberg Partners France is authorized and regulated by the ACPR and by the AMF. 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.