Spring Mountain Beefs Up PE Team

May 16 2011 | 1:11pm ET

New York-based alternative investment specialist Spring Mountain Capital has hired Avi Faliks and Jamie Weston as managing directors in its private equity business. 

The two will partner with Raymond Wong, managing director and head of private equity to further extend SMC’s capabilities in sourcing, selecting and managing its private equity investments.
“We are seeing a growing number of compelling investment opportunities in private equity, and the addition of Avi and Jamie demonstrates our increased commitment to this area of our business,” said Gregory Ho, Spring Mountain Capital president.
Faliks comes to Spring Mountain from Vertex Capital Management, a firm he founded and which focused on distressed consumer companies.  Prior to this, Faliks was co-founder and managing director of the Greater China-focused hedge fund Apex Capital Management, and before that he was CEO of AccuImage Diagnostic.  Faliks began his investment career in Bear Stearns’ strategic structures and transactions group.
Mr. Weston was previously a partner at the Wicks Group, a private equity firm with close to $1 billion under management, focused on selected segments of the information, education and media industries. Prior to Wicks, Mr. Weston worked at both IBJ Whitehall Bank & Trust Company and National Westminster Bancorp where he completed leveraged financings.

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