PWP provides comprehensive financial restructuring and capital structure advice in connection with stressed and distressed situations, including amendments, debt exchanges, financings, distressed M&A, and balance sheet recapitalizations. 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. Mr. Bagaria earned a B.A. The then-54-year-old CEO figured he had little to lose by listening to Ostrovers pitch. Bruce Wasserstein - Wikipedia Grace serves as the CEO of Queen's Gambit. Over time GSO would sell the land back to the homebuilder. Now the emergence of alternative credit mirrors tools that equity investors have had with private equity, says TPGs Coulter. EagleTree seeks to improve diversity and inclusion within the Firm, across its portfolio company investments and in the private equity industry, where possible. New York, NY 10036, 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. 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. 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. In the old days highly cyclical companies in trouble could sell control to a competitor, a private equity firm or a hedge fund firm that took a loan-to-own strategy. He might have been young, but it was like a pro coming into an amateur team, adds James, who then ran DLJs investment bank. The year he joined, the firm became the No. Other investments recently controlled by Mr. Campbell and for which he served as Chairman include, but are not limited to, National Interest Security Company, LLC; SC3, LLC; and International Development Solutions, LLC. 1Ls are permitted to meet with Wasserstein Fellows even before the October 15th career advising start date. The EagleTree Team has worked together for over 25 years. Marina is based in Alta Sempers Cairo office. Instead, banks dominated the leveraged-finance markets, with few institutional buyers such as high-yield mutual funds. Today, the firm manages approximately $2 billion of capital on behalf of institutional and individual investors, including public and corporate pension funds, foreign governmental entities, endowments and foundations and high net worth individuals. The world had changed, and the firm needed a partner. 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. Heres How To Trade The Stock Now, NBA Investigating Ja MorantGrizzlies Star Allegedly Flashed Gun On Instagram After Reports Of Violent Behavior, Liverpool Legend Roberto Firmino Reportedly Offers Himself To FC Barcelona, A Century Of Women, Work - And Juggling Family, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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. Oct. 15, 2009 12:58 pm ET. Ibrahim joined Alta Semper in 2021 as a General Counsel. Patience is the key, says Smith, adding that GSOs funds and compensation are structured in such a way that staffers dont have to feel compelled to put money to work in deals that dont make sense. He was appointed Chief Compliance Officer in January 2017. EagleTree Capital is an independent private equity firm located in New York. Wasserstein US Equity Partners IV | Palico Former Senior Vice President of North America Sales at Genesys. Our initiatives in this regard are carried out by our Philanthropic Committee, which identifies several nonprofit charities each year with whom employees volunteer and EagleTree supports. Take the highly confident letter, a piece of paper Drexel would issue to the board of a company as a promise that it would provide financing on deals. And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. She is a graduate of the University of Pennsylvania's Wharton School where she earned her BS in Economics. At Apollo, Mr. Bagaria invested in several asset classes including senior debt, high yield bonds, mezzanine finance and equity. 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: An Heir Who's Ready to Take the Reins at New York Magazine At a bank youre working for anonymous shareholders, trying to make as much money as you can, he explains. Victoria serves on the board of Vostok New Ventures, an investment company with presence in Sweden. Credit to Steve, he really trusted me on this one, adds James, who says Blackstone was looking for an area of asset management with room to grow that would complement its existing private equity, real estate and fund-of-hedge-funds businesses. Its alternative credit growing up. He is in charge of all of the Firms operations and leads the investment decision making process for all capital investments. degree in Individualized Study at New York University with studies at the London School of Economics, graduating cum laude. In fact, the firm is preparing to be a buyer when rates rise and long-only mutual fund managers have to sell bonds to meet investor redemptions. The private equity business of the investment firm was not included . GSO was very synergistic and complemented our other businesses well.. 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. Mr. OKeefe joined Wasserstein Debt Opportunities Management, LP in 2014 as an Associate. Wasserstein & Co. to Sell High Pressure Equipment Company 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. EagleTree continues to promote diverse perspectives. Mr. Campbell is the Founder, Managing Partner and Chief Investment Officer. GSO and Blackstone announced the deal in January 2008. 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). At that time, Drexel had a lock on the business. Afsane JethaUntitled 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. Thoughtful Smart Home Products Wasserstein Home Mr. Bagaria is the Advisors President and Chief Investment Officer. Tudor, Pickering, Holt & Co. Securities - Canada, ULC is a Member of the Canadian Investor Protection Fund and the New Self-Regulatory Organization of Canada. 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". Work with portfolio companies to address ever-changing cyber-security considerations. Blackstone allowed us to take our business from being three years old to ten overnight, Ostrover says. Wasserstein & Co. to Buy Back American Lawyer - DealBook 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. Mr. McLellan joined Wasserstein Debt Opportunities Management, LP in 2017 as a Managing Director. 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. We conduct our buyout investment activities through the Wasserstein Partners family of funds. Most PE firms are open to accredited investors or those who are deemed high-net . 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. 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. 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. Afsane Jetha co-founded Alta Semper Capital in 2015. The high activity for fund was in 2002. Traders betting against the company lost money. In 2007, the peak for the firms performance fees, private equity contributed the bulk of the total. About Wasserstein family. We partner with entrepreneurs with the goal of building great brands. Funds advised by Apax Partners announce the sale of ALM Media to There is a wealth transfer going on from banks shareholders to the investors in our funds, says Goodman. Wasserstein, who was immortalized in a 1989 Forbes cover story that cemented his infamous nickname, had a passion for the media, having interned at Forbes during his student years in 1969. GSO LIKES A LITTLE, BUT NOT TOO much, market misery. Board Observer, Founding Partner at Colle Capital, Former Partner Wall Street Technology Partners , Director Dresdner Kleinwort Wasserstein Private Equity Group Neil Devani, JD Board Advisor, Investor & Advisor of Singularity Holdings VC