Mr. Schwartz serves on the Board of Directors of True Value, an ACON fund portfolio company, and has previously served on other ACON fund portfolio company boards, including Igloo Products and RMH Franchise Investments. Kellett Capital Management LPDan Gagnier, 212-687-8080, http://www.businesswire.com/news/home/20150522005960/en/, Copyright 2023 Fortress Investment Group LLC. He currently serves as chairman of the investment committee and a member of the board of directors of Grupo Assa (a Central American public insurance company), a member of the board of directors of PRIMA Sociedad de Inversion Inmobiliaria, S.A. (a Panamanian public REIT) and has previously served as a director of other private equity portfolio companies in the food processing, financial and light industrial sectors. Mr. Zaidi holds a B.S., summa cum laude, in Finance from the University of Maryland, College Park. In addition, Mr. Hanono has completed Harvard Business Schools Owner/President Management Program. which, by their nature, are inherently uncertain and outside of the Among his current positions, Mr. Ginns serves on the board of Sequitur Energy Resources. Mr. Galvo holds a B.S. Ms. Kulkarni holds a B.S. Following his tenure, he was awarded the Distinguished Service Medal, the State Departments highest honor. Prior to joining Rock Creek, Mr. Cimino was a Tax Manager at PricewaterhouseCoopers in its Asset Management practice, focusing primarily on private equity clients. Mount Kellett managed about $7.5 billion in regulatory. Mount Kellett Capital Management/Fortress Investment Group Jul 2012 - Mar 20163 years 9 months Irving, TX Global head of real estate asset management. The firm has reached a deal in principle with Fortress Investment Group LLC for Fortress funds to invest $200 million in Mount Kelletts funds and become a co-manager of them, Mr. McGoldrick and Fortress principal Peter Briger said Friday. CNNMoney (New York) First published July 16, 2018: 3:25 PM ET. Leslee Cowen is a Managing director, serving on the investment committee for the Credit Funds and co-heads the Corporate Loan and Securities Group at Fortress Investment Group LLC. Mount Kellett Capital Management Fund Manager Profile | Preqin Prior to that, Mr. Bhatia was with Merrill Lynch Investment Banking based in New York and Brazil, where he worked in M&A and corporate finance. estimated fund performance and the amount and source of expected capital Mr. Dickens received a B.S. Mr. Schwartz has co-led investments in or served as a board member for numerous private companies prior to joining ACON, including among others, the following businesses: Simmons, Riddell Bell Sports, 1-800 Contacts, Commonwealth Laminating, i-Robot and Harry Winston. Founded in 2008, Mount Kellett has offices in New York, Dallas, Hong Kong, London, Mumbai, and Mauritius. Prior to re-joining ACON in 2022, Ms. Rodriguez worked at LNC Partners, a SBIC licensed growing middle-market private equity firm, as VP of Finance. She is a licensed Certified Public Accountant in the Commonwealth of Virginia. Prior to joining Fortress in March 2002, Mr. Briger spent fifteen years at Goldman, Sachs & Co., where he became a partner in 1996. Mr. Marcos Semmler is a Managing Partner and co-founder of ACON Southern Europe Advisory. Novogratz's liquid hedge funds have. 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All Rights Reserved, Claim 20% off your purchase with DSW coupon code, Get $5 Off Orders $25+ with Free Shipping, Final Early Bird Pricing! In addition, Mr. McKnight is a member of the Council on Foreign Relations. At ACON, we value diversity. revisions to any forward-looking statements contained herein to reflect The partnership between Flushing-based TDC Development and Construction Corporation, AECOM Capital, the Rockefeller Group and Mount Kellett Capital Management is getting ready to close a roughly $225 . He previously served on the board of Impremedia, Magic Media, Peter Piper, Radiovisa and RMH Franchise Investments among other prior ACON fund/investment vehicle portfolio companies. Mount Kellett is a multi-strategy private investment firm focused on global value, special situations and opportunistic investing across asset classes and industries, including real estate. Mr. Smith worked at CRIIMI MAE Inc. from 1991 to 1996. every factor that may cause its actual results to differ from those statements, and any such differences could cause the Companys actual Mr. Aronson holds a B.A. Prior to joining Santander, Ms. Mnguez was an Associate at Valor Advisors LLC, a family office serving ultra-high net worth clients across Latin America. Prior to commencing to consult for ACON and with ACON portfolio companies, he was a Vice President at Thomas H. Lee Partners where he was responsible for developing and implementing operational improvement, cost reduction and revenue enhancement programs for portfolio companies. Ms. Huang originally joined ACON Investments in 2017 as a Fund Accounting Manager supporting the Latin American and European fund platforms, and subsequently worked at DC Energy, a proprietary trading firm that invests in the energy and commodity markets, as an Accounting Manager. Mount Kellett Capital Management | Hedgeweek Prior to that, he was the head of Investment Operations at Dyson Capital Advisors, where he was responsible for implementing both the firms trading and reporting platforms. Kellett affiliates will continue to serve as general partner of the Ms. Cowen began her career as an analyst at The Blackstone Group in the private equity and M&A groups. Fortress Investment Group - CB Insights Mr. Scielzo received a B.S.e, summa cum laude, in Finance and Accounting from The Wharton School of the University of Pennsylvania and an M.B.A. from the Kellogg School of Management of Northwestern University. This copy is for your personal, non-commercial use only. Ms. Segura holds a B.A in Law from Universidad de los Andes in Bogot, Colombia and an LL.M. Marcos Llado is a Managing Partner and co-founder of ACON Southern Europe Advisory. Prior to that, Mr. Menges was a Vice President and Controller with Fortress Investment Group and Mount Kellett Capital Management, working on global multi-strategy funds with an emphasis on special situations and opportunistic investing across a diverse range of investment products and geographies. Prior to that, Mr. Bass was a senior associate in the International Tax Practice at Coopers & Lybrand. Alejandro Hanono W. is an Executive Partner at ACON. in Finance from Oregon State University. Prior to joining Fortress, Mr. Our experience in corporate mergers and acquisitions enables us to work with corporate boards of directors, management and various stakeholders in order to determine optimal structuring and execution of an investment. Mr. Delgado received a B.S., summa cum laude, in Business Administration and Management Information Systems from the University of Nebraska, and an M.B.A. from the University of Chicago Booth School of Business. in Economics, summa cum laude, with a concentration in Finance from The Wharton School and a B.A.S. Most of these investments have been through Debt Offering, valued at close to $700 billion. and Analysis of Financial Condition and Results of Operations in the Kenneth K. Gershenfeld is the tax director at Fortress Investment Group LLC and is also a member of the firms Management Committee. MOUNT KELLETT CAPITAL MANAGEMENT LP Top 13F Holdings - WhaleWisdom.com A&P agreed to sell about 120 of its 296 stores for about $600 million to Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop. In February 2015, Mr. Aronson was asked by President Obama to serve as U.S. Special Envoy for the Colombian peace process. Prior to joining Fortress in 2001, Mr. Dakolias was a Managing Director, Chief Credit Officer and co-founder of American Commercial Capital LLC (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer), both of which were sold to Wells Fargo & Co. in 2001. Securely download your document with other editable templates, any time, with PDFfiller. In addition, Mr. Galvo has been involved with private equity investments in Debenhams, Dominet Bank, Juncadella Prosegur, Procomp and Rexel. Previously, she served on the board of IIMAK/IIMED, a prior ACON fund portfolio company. Rodrigo Galvo is a Partner at ACON Investments. Mr. Knoell previously served on the board of Carulla Vivero, Fybeca, Grupo Sala, SAE Towers and Vetra Energia, among other ACON fund/investment vehicle portfolio companies. By downloading this Report, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services. Mount Kellett Capital Management is a hedge fund with 25 clients and discretionary assets under management (AUM) of $617,256,219 (Form ADV from 2022-03-31). The Company can give no assurance that the expectations Former oil CEO charged with exchanging corporate favors for - CNNMoney Ankit Vaish is a Principal at ACON Investments. Mr. Hanono has been an operating executive for more than 25 years focusing on business development and public and private equity investments and has held leading executive roles. Mr. Corcuera serves on the board of Cryoholdco, a current ACON portfolio company. Previously, Mr. Kriger was also Senior Vice-President and Head of Global Strategy for Starwood Hotels and Resorts and Vice-President, Strategic Planning for The Walt Disney Company. Mr. Kriger joined the firm in 2017. From 1989 through 1993, Mr. Aronson served as U.S. Assistant Secretary of State for Inter-American Affairs under Presidents Bush and Clinton. Previously, Mr. Harbour was a Managing Director at Fortress Investment Group, which he joined as part of a strategic transaction with Mount Kellett Capital Management LP. Mr. Dakolias is a Managing Partner of the Fortress Credit Funds Business. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. David Menges is a Controller at ACON Investments. together teams with significant special situations experience and sector Alberto Hernandez is a Partner at ACON Investments. Mount Kellett is a multi-strategy private investment firm focused on Bradley Walker - Managing D.. - Mavik Capital Management | ZoomInfo We have a proven track record of generating attractive risk-adjusted returns across market cycles. Acon Investments, L.L.C. Prior to joining Bayside in 2012, Mr. Porter worked for Mount Kellett Capital Management, where he focused on distressed credit investing, and for GSC Group, where he focused on middle-market control . Prior to joining Fortress in April 2004 as the Deputy General Counsel, Mr. Brooks spent nearly eight years at Cravath, Swaine & Moore LLP, where he specialized in mergers and acquisitions, capital markets transactions, including initial public offerings and high-yield debt issuances, and providing corporate governance advice to large public companies. management as of March 31, 2015. Prior to joining ACON in 2009, Mr. Corts worked as a Senior Associate with GP Investments, one of the largest Brazilian private equity firms, and as an Associate in Citigroups Latin America Investment Banking Group in their New York and Mexico City offices. Mr. Adams received a B.S. Prior to joining Colony Capital, Ms. Isunza worked at Dalus Capital, a Mexican venture capital firm, where she was the Controller for its Mexican publicly listed vehicle known as CKD (Development Capital Certificates). In that position, he structured and negotiated senior and mezzanine commercial loans and acquisition facilities. in Finance from the University of Maryland, College Park. Mr. Corts holds a B.S. Outside of ACON, Mr. Brotman was a member of the Board of Directors of Foundation Carulla, one of Colombias most successful early childhood development and education non-profits for underprivileged children, and previously served as its chairman. Prior to co-founding ACON Southern Europe Advisory, Mr. Semmler was a Partner at SWC. Prior to joining ACON in 2022, Mr. Weidemeyer was an Analyst on the Mergers & Acquisitions team at Ahold Delhaize, one of the worlds largest food retail groups. management fees, incentive income and investment income, the amount and lighthouse-dev.scmp.com Under the alliance, Mount Kellett affiliates will continue to serve as general partner of the funds, while Fortress affiliates will become special limited partners of the funds. In this position, Roger oversaw the management of a portfolio of $6.5 billion and worked closely with operating partners in acquiring, formulating and executing asset strategy in order to maximize value and investment returns. Mr. Sandler received a Bachelor of Finance degree from St. Johns University in New York. Moby-Dick; or, The Whale is an 1851 novel by American writer Herman Melville. David N. Brooks succeeded as the general counsel of Fortress Investment Group LLC in February 2007. Fortress Investment Group LLC (NYSE:FIG) (Fortress), a leading, Previously, Ms. Jolly was a Managing Director and Member of the Investment Committee of Perseus, a $1.6 billion middle market private equity firm. Ms. Bernstein received a B.A., magna cum laude, in Comparative Literature from Cornell University and a J.D., magna cum laude, from American University Washington College of Law. Capital. Andrew Axelrod, a former managing director at Mount Kellett Capital Management, is starting his own hedge fund firm with backing from billionaires Louis Moore Bacon and Julian Robertson. Mr. Dakolias is also a co-founder and member of the Executive Committee of The Hellenic Initiative, as well as a member of the Council on Foreign Relations. in Economics, cum laude, with a concentration in Finance from Instituto Tecnolgico Autnomo de Mxico (ITAM), where his thesis was awarded an honors distinction by the Mexican Stock Exchange (BMV). Prior to Fir Tree, Mr. McKnight worked at Goldman, Sachs & Co. in Leveraged Finance and the Distressed Bank Debt trading group. Prior to Thomas H. Lee Partners, Mr. Delgado was a Consultant at Bain & Company with a focus on increasing value of companies in the technology, industrial and retail industries. Fortress Investment Group has agreed to acquire the investment funds and operating platform of Mount Kellett Capital Management. Mr. Campanelli earned his B.A. Ms. Aguilar holds a B.S. In 2020, Ms. Huang rejoined ACON as Assistant Controller and was promoted to Controller in 2022. both companies have a decades-long history of working together. Visionary Keynote Insights: Jack Dangermond, Founder and President of Esri, will deliver a keynote presentation reviewing recent applications of GIS and remote sensing and how they can help address the complex challenges the world is facing. . source of expected capital commitments for any new fund or redemption and M.S. Private-sector readings show job postings receding more than government reports of job openings. distressed and special situations spectrum.. for Mount Kellett Capital Management LP. based. Partner. Mount Prior to joining Fortress in November 2003, Mr. Bass spent eleven years at Deutsche Bank. Mount Kellett Capital Management LP, a $5 billion investment firm co-founded by former Goldman Sachs Group Inc. star Mark McGoldrick that is known for investing in distressed debt, is. Prior to that, Mr. Kriger was the Senior Vice-President and Head of Global Strategy for McDonalds Corporation where he was responsible for developing shareholder value building efforts in a number of areas, including international expansion, unit optimization, pricing, innovation, competitive positioning, operations, franchising, organization, new business development and portfolio management. Previously, Mr. Bawa has served on other ACON portfolio company boards, including among others, Chroma Oil & Gas and Milagro Oil & Gas. Our investors will benefit from the access and Prior to joining ACON in 2021, Ms. Thever was a Partner at Bridge Investment Group, a $26bn real estate private equity firm. Prior to joining Fortress in August 2006, Mr. Gershenfeld spent thirteen years at Goldman, Sachs & Co., where he became a managing director in the tax department. President at Mount Kellett Capital Management LP Brooklyn, NY Brian Lippey managing Director & Head of Global Marketing at Mount Kellett Capital Mgmt New York, NY sivasubramanian kn. Such forward-looking Is this a year of opportunity for investments in China? Our professionals drive our success with the shared objective of building a better future for our investors, employees and customers. in Industrial Engineering with a minor in Business Law from Universidad de los Andes in Bogot, Colombia. Prior to joining New Mountain, he was a Principal of Bayside Capital, the credit and special situations platform of H.I.G. Able to adapt quickly and work across different businesses and sectors covered in the group. Mr. Marin speaks Spanish, English and German fluently, and speaks French conversationally. Ms. Rodriguez earned her Bachelors in Accounting from Zhongnan University of Economics and Law in China and her M.B.A. from The George Washington University. Fortress has refined a set of tools for assessing operational, structural and strategic challenges. Scott Justin - Vice President a.. - New Mountain Capital - ZoomInfo Prior to joining ACON in 2014, Mr. Yano was an Associate in 3i Group plcs So Paulo office, where he worked on a variety of transactions in a wide range of industries. Our investment model benefits from collaboration among our investment teams and brings to bear all of our diverse resources and perspectives. Mr. Edens has been a member of the Management Committee of Fortress since 1998. Subscribe to see more. Headquarters. Prior to co-founding ACON in 1996, Mr. Aronson was International Advisor to Goldman Sachs for Latin America. Ms. Huang began her career at Digital Intelligence Systems, LLC (DISYS), a global staffing and IT consulting services company, where she managed the accounting operations for the U.S. parent entity as well as over 10 international subsidiaries. in Engineering from the University of Cincinnati and an M.B.A. from Harvard Business School. degree from the Wharton School at the University of Pennsylvania with concentrations in finance, accounting and multinational management. During the summer of 2015 Mount. Prior to that, she was a Client Relations Executive with Institutional Shareholder Services in London, where she performed annual due diligence reviews and was involved in internal risk management and day-to-day communications with Fortune 50 and 500 clients. Subscribe to see more . Whalewisdom has at least 32 13F filings, 34 13D filings, and 21 13G filings. Prior to joining ACON in 2013, Ms. Bernstein worked at Perseus, a Washington, DC-based middle-market private equity firm, where she was also Chief Legal Officer and Chief Compliance Officer. JBK Capital - A private equity and advisory firm dealing with principal His other former employers include Deutsche Bank and Fortress Investment Group, according to his profile. Mr. Llado earned a B.A., cum laude, in Economics from the University of Colorado Boulder, and holds an M.B.A., with Honors, in International Business from the Maastricht School of Management. Mr. Delgado began working with ACON in 2018. Prior to joining ACON Southern Europe Advisory, Ms. de Oca worked at Tikehau Capital in the Private Debt team in London. Overview: Alex DeAraujo is an Operating Partner who works directly with certain portfolio companies of funds sponsored by ACON Investments providing advice on a range of operational issues. Understand how government agencies for economies around the world use GlobalData Explorer to: Building an Innovative Financial Technology Ecosystem in Scotland. statements speak only as of the date of this press release. Bernard Aronson is a Founder and Managing Partner of ACON Investments. Mr. Briger is responsible for the Credit and Real Estate business at Fortress. Prior to that, she was an International Associate in Sidley Austins New York office, where she advised local banks in asset-backed facilities and launched several investment funds under U.S. and Ontario law. Prior to joining ACON in 2017, Ms. Jolly was the founder of DuMonde Management, LLC, an advisory firm that provided strategic and corporate development services to middle market companies and private equity firms. Ms. Bernstein joined Perseus in 2006 as Vice President for Legal Affairs. The Foundation was funded with a portion of the proceeds from the sale of Carulla Vivero, a prior ACON fund portfolio company. Prior to this, Mr. Sandler was a Managing Director at Fortress Investment Group and Mount Kellett Capital Management, where he managed a team primarily responsible for operations, treasury and management reporting that supported a global multi-strategy investment management business. Involuntary, Metals/Mining, Garman Turner Gordon, Kirkland & Ellis, Fox Rothschild, Wilmer Cutler Pickering Hale & Doerr LLP, GLAS USA LLC, Goldentree Asset Management LP, Alcentra Limited, Fortress Investment Group/Mount Kellett Capital Management, HIG Capital International Advisors/Bayside Capital, Sound Point Capital Management LP, Varde . Mr. DeAraujo received a B.S., with honors, in Mechanical Engineering from Michigan State University and an M.B.A. from the Harvard Business School. Prior to joining ACON in 2019, Mr. Waida was a Managing Director and Chief Financial Officer of the Mount Kellett Funds at Fortress Investment Group, which he joined from Mount Kellett Capital Management, a global multi-strategy investment management firm focused on special situations and opportunistic investing. disclosed. These tools allow Fortress to engage in and extract value from complex investments. Mr. Pulley is responsible for the execution of the investment programs of the Fortress Japan Opportunities Funds and the Fortress Japan Income Fund. Mount Kellett Capital Management, a $7 billion hedge fund that holds a 7.3 percent stake in Clearwire, sent a letter to the company's board on Thursday asking it to consider selling off what it called excess wireless spectrum. At Mount Kellett, Mr. Harbour served in a variety of roles, including his last as a Managing Director and Co-Head of North American Corporate Investments, focusing on special . Mr. Hurley holds a B.S. Certain statements in this press release may constitute forward-looking Schulte Roth & Zabel LLP - Stuart D. Freedman Fortress to become co-manager with Mount Kellett of the Mount Kellett Mr. Furstein received a B.A. Managing Principal Ray Iwanowski Founding Principal Senior Leadership Back to top Tony Kao Managing Principal Kam Chang Head of Client Advisory Scott Freemon, CFA Head of Strategy and Risk Matt Gillis Head of Implementation Pattie Hand Chief Compliance Officer Dmitri Smolansky Head of Portfolio Management Function Heads Back to top Erik Davey Peter M. Smith is a managing director in the Private Equity business at Fortress Investment Group LLC and is also a member of the firms Management Committee. The transaction, which is subject to the approval of the majority of Mount Kellett's investors, is expected to close on or around 30 June, PDI sister title PERE reported. Mr. Nardone received a B.A. Prior to Investcorp, Mr. DeAraujo was an Operating Executive at Welsh, Carson, Anderson and Stowe with a focus on growth, cash management and cost reduction. in Finance from Georgetown University. Mr. Delgado started his career at National Instruments, with roles in engineering, product management and corporate development. Mr. Scielzo began his career at McKinsey. see the sections entitled Risk Factors and Managements Discussion 1/25/2014. contained in any forward-looking statements. in Accounting from The University of Texas at Arlington. Fortress Investment Group LLC (NYSE:FIG) is a leading, diversified Fortress Investment Group's Junkyard Dogs - Institutional Investor in Accounting and his B.S. Mr. Semmler speaks Spanish, English and German fluently, and speaks French conversationally. Prior to joining ACON in 2022, Mr. Zaidi was an Associate at The Ziegler Companies Inc., where he worked on mergers and acquisitions, strategic advisory and capital formation engagements for clients in the healthcare services and healthcare information technology sectors. Ltd. (ITAT Mumbai) Conclusion: Since the director was not a shareholder when bonus was paid to him and also the bonus was not paid out of the earlier years' accumulated profits, therefore, deduction of bonus paid to director was allowable under 36(1)(ii). Team | New Mountain Finance Corporation She began her career in investment banking in the JPMorgan Financial Sponsor Group executing leveraged buyouts and other capital markets transactions for leading private equity firms. commitments. He currently serves on the board of Lindblad Expeditions Holdings Inc. (NASDAQ:LIND). from Princeton University in Political Science. Founded as a pure private equity firm in 1998, Fortress has transitioned into a highly diversified, global investment manager. Mr. Prior to joining Arco, Mr. Hernandez was a Director in the European Mergers and Acquisitions group of UBS in London. Prior to that, Mr. Furstein was co-manager of the opportunistic real estate loan business of Goldman, Sachs & Co. Launched Fortress MSR Opportunities Fund II, Launched Fortress Japan Opportunity Fund II, Opened offices in San Francisco, Shanghai and Singapore, Launched the Fortress Asia Macro Fund, the Fortress Credit Opportunities Fund III, the Fortress Real Estate Opportunities Funds and the Worldwide Transportation & Infrastructure Fund, Acquired Logan Circle Partners (closed in April 2010), entered the fixed income asset management business, Fortress received an investment grade rating of BBB from Fitch Ratings and BBB- from Standard and Poors, in each case with a stable outlook, Launched the Fortress Japan Opportunity Fund, first Yen denominated fund.