New York-based private equity firm Southport Lane, has appointed Michael Morrow as chief investment officer and president of Southport Lane Advisors, the firm’s asset management unit.
Morrow comes to Southport Lane from Intellectual Ventures, where he served as director of structured finance and CFO products. His career in the finance industry spans 15 years and includes stints on both the buy and sell sides of institutions including JPMorgan and Tahoma Capital. Morrow began his career in Microsoft’s Treasury, where he served for seven years, ultimately as the managing director of capital markets.
In his new position, Morrow will be responsible for developing and managing asset allocation strategies for all of Southport’s portfolio companies, as well as overseeing Southport’s fixed-income group.
“Michael’s knowledge of the capital markets space is unmatched,” said Kevin Adler, CEO of Southport Lane, in a statement. “His insight and experience in facilitating long-term financial growth makes him the ideal addition to Southport Lane as we continue to expand and further strengthen our portfolio.”
Founded in 2010, Southport Lane concentrates on investments in insurance and reinsurance companies and has capital commitments in excess of $1 billion.