Dallas-based private equity and credit specialist Commerce Street Investment Advisor has hired Richard C. Jakob as a managing director.
In his new post, Jakob will work with his former Highland Capital Management colleague Kurt Plumer, who joined CSIA earlier this year.
Jakob comes to CSIA from Cedarview Capital Management, a registered investment advisor of below-investment grade assets, where he’d served as chief marketing officer. Prior to joining Cedarview, he was a managing director at NewOak Capital in New York.
“Rich brings client relations experience that will be of great benefit to our firm,” said Dory A. Wiley, managing partner of Commerce Street Holdings. “This hire reflects our continuing commitment to further develop our asset management platform, and we are pleased to have him join us to continue the expansion of our business.”