Friday, 25 July 2014
Last updated 1 hour ago
Jun 18 2014 | 2:23pm ET
Boston-based private investment firm Easterly Capital has tapped Fortress Investment Group vet Andrew P. Dempsey as a managing director.
Dempsey, who will be responsible for capital formation and business development in his new post, was formerly COO of Fortress' permanent capital business group and a managing director. Prior to that, he was the global head of capital formation for the liquid markets business at Fortress. Before joining Fortress in 2005, Dempsey was a regional director for Allegiance Capital with responsibility for marketing and distribution of fixed-income products for the southwest United States and Mexico. Earlier, he was a fixed-income specialist for the Enterprise Unit at SEI Investments.
Easterly, founded by former Affiliated Managers Group CFO Darrell Crate, has made a number of recent hires, including that of another Fortress vet, David Cody, who will oversee the firm's distribution capabilities and J. C. Flowers & Co. alumnus Avshalom Kalichstein, who is responsible for origination and underwriting.
“Andrew Dempsey has built a reputation for helping to grow businesses while providing access to extraordinary opportunities for institutions and other investors,” said Crate in a statement. “Andrew will be an excellent addition to our growing roster of accomplished private investment executives as we continue to identify and create products for clients that achieve specific risk-return objectives at a fair cost.”
Easterly Capital is a private asset management firm that develops both alternative and traditional investment vehicles to satisfy the specific risk-return objectives of clients. Easterly’s products are comprised of real estate, natural resources, and financial assets, including those in niche, non-bank finance markets. Through an affiliate, Washington, D.C.-based Easterly Partners, Easterly invests in a highly specialized segment of the U.S. Government-leased real estate market.
As of March 31, 2014, Easterly Capital, through its affiliated entities, managed over $1 billion of assets, mostly in private equity and alternative vehicles for institutional and ultra-high-net-worth investors.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…