Ex-Chicago Mayor Founds Firm With Alts. Vets

Dec 16 2011 | 4:07am ET

Former Chicago Mayor Richard Daley has launched a new alternatives-focused investment and advisory firm.

The existence of Chicago-based Tur Partners was revealed in a press release announcing that Daley, who led the nation’s third-largest city for 22 years before stepping down in May, had joined the board of directors of Coca-Cola Co.

Tur, which says it focuses on sustainable urban development, features several alternative investment veterans on its team. Among them are Michael Reinhold, co-founder private equity firm XAltitude and former private equity lawyer A. Joshua Strickland. Konstantin Koloskov, who formerly managed a $200 million emerging markets hedge fund at UBS, is named as a principal of Tur Partners Eurasia.

Koloskov isn’t the only Russia connection. Mukharbek Aushev, a former Russian legislator and Lukoil executive, is named as the managing principal of Tur Eurasia, and Daley’s son, Patrick, a principal at the new firm, has lived in Moscow.

Daley himself recently joined the international advisory fund of the Russian government’s $10 billion Russian Direct Investment Fund.

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